ZSRIX Fees and Costs — Zeo Sustainable Credit Fund, Class I
Data updated: 2022-09-28
The net expense ratio is 0.99%: a 0.75% management fee plus 1.57% other expenses, less a 1.33% fee waiver. This share class carries a redemption fee of 1.00%. Portfolio turnover was 69%.
ZSRIX Fees and Expenses
Annual operating expenses and sales charges of ZSRIX. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.57% |
| Gross expense ratio | 2.32% |
| Fee waiver | −1.33% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ZSRIX Costs Over Time
On $10,000 invested in ZSRIX, assuming 5% a year before costs, total costs come to $619 over 5 years, cutting the return by 1.04% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.99%) | $104 | $324 | $563 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $619 |
| Value after costs | $10,396 | $11,236 | $12,143 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
ZSRIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $23.9M
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
ZSRIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA MERRILL LYNCH | $3.9M | 20.86% |
| CITIGROUP | $3.2M | 17.36% |
| JPMORGAN CHASE | $2.4M | 13.15% |
| GOLDMAN SACHS | $2.1M | 11.51% |
| BARCLAYS | $1.8M | 9.69% |
| BANK OF MONTREAL (BMO) | $1.2M | 6.54% |
| WR HAMBRECHT & CO | $1.1M | 6.02% |
| UBS AG | $1.1M | 5.93% |
| FELTL & CO | $915K | 4.93% |
| STIFEL NICOLAUS | $742K | 4.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.