C000025733 Fees and Costs — Moa Equity Index Fund
Data updated: 2026-08-27
The net expense ratio is 0.14%: a 0.08% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $57K in broker commissions, 0.0010% of average net assets, and portfolio turnover was 3%.
C000025733 Fees and Expenses
Annual operating expenses and sales charges of C000025733. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.14% |
| Fee waiver | — |
| Net expense ratio | 0.14% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000025733 Costs Over Time
On $10,000 invested in C000025733, assuming 5% a year before costs, total costs come to $90 over 5 years, cutting the return by 0.15% 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 0.14%) | $15 | $46 | $81 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $15 | $49 | $90 |
| Value after costs | $10,485 | $11,527 | $12,673 |
| Impact on return, per year | 0.15% | 0.15% | 0.15% |
C000025733 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0010%
- Total broker commissions: $57K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 3%
- Securities lending: none during the year
C000025733 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Raymond James (USA) Ltd. | $29K | 50.98% |
| Merrill Lynch Pierce Fenner & Smith Inc | $12K | 21.22% |
| INSTINET, LLC | $10K | 16.99% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY LLC | $4K | 6.73% |
| MORGAN STANLEY & CO. LLC | $2K | 3.02% |
| BNY MELLON CAPITAL MARKETS, LLC | $581 | 1.02% |
| GOLDMAN SACHS & CO. LLC | $16 | 0.03% |
C000025733 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $374.4M | 28.59% |
| BARCLAYS CAPITAL, INC. | $330.1M | 25.21% |
| Wells Fargo Securities LLC | $229.9M | 17.56% |
| GOLDMAN SACHS & CO. LLC | $125.0M | 9.55% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $118.9M | 9.08% |
| CITADEL SECURITIES LLC | $98.6M | 7.53% |
| Royal Bank of Canada | $13.5M | 1.03% |
| Mizuho Securities USA LLC | $12.6M | 0.96% |
| CitiGroup Global Markets Inc. | $4.5M | 0.34% |
| BNY MELLON CAPITAL MARKETS, LLC | $2.0M | 0.15% |
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.