How Z Series Works

NCM’s Z Series as an annual flat management fee of $1,000 + taxes and fund expenses per fund, per account with minimum investments starting at $118,000 to a maximum of $1 million.

How are the fees collected?
Each month, NCM’s Z Series will collect one-twelfth of the applicable F Series management fee until a total of $1,000 has been reached for the calendar year. Once an investor has paid a total of $1,000 to NCM, no further management fee will be collected in respect to the applicable Z Series account until the start of the next calendar year.


The table below illustrates how the fees are collected for NCM’s Z Series in NCM Core Global vs an F Series investment with a 1% Management fee.

Month Value of Investment
(assumes no change)
NCM’s Z Series:
$1,000 Annual Flat Management 
Fee Collected Monthly
F Series:
1% Annual 
Management Fee 
Collected Monthly
Jan $250,000 $177.08 $208.33
Feb $250,000 $177.08 $208.33
Mar $250,000 $177.08 $208.33
Apr $250,000 $177.08 $208.33
May $250,000 $177.08 $208.33
Jun $250,000 $114.60 $208.33
Jul $250,000 $0 $208.33
Aug $250,000 $0 $208.33
Sep $250,000 $0 $208.33
Oct $250,000 $0 $208.33
Nov $250,000 $0 $208.33
Dec $250.000 $0 $208.33
    $1,000 $2,500

Fund Expenses and taxes are not included in the calculations above

Disclaimer

Conditions, including minimum holdings, apply to the availability of flat management fee pricing. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.