C000025740 Fees and Costs — Moa All America Fund
Data updated: 2026-08-27
The net expense ratio is 0.55%: a 0.40% management fee plus 0.15% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $63K in broker commissions, 0.0211% of average net assets, and portfolio turnover was 21%.
C000025740 Fees and Expenses
Annual operating expenses and sales charges of C000025740. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.15% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| 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 |
C000025740 Costs Over Time
On $10,000 invested in C000025740, assuming 5% a year before costs, total costs come to $360 over 5 years, cutting the return by 0.60% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $197 | $360 |
| Value after costs | $10,440 | $11,379 | $12,403 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
C000025740 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): 0.0211%
- Total broker commissions: $63K
- Bought from dealers (principal trades, not a cost): $381.2M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
C000025740 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Raymond James (USA) Ltd. | $13K | 21.91% |
| BNY MELLON CAPITAL MARKETS, LLC | $11K | 19.43% |
| Merrill Lynch Pierce Fenner & Smith Inc | $6K | 10.23% |
| Stifel, Nicolaus & Company, Incorporated | $6K | 10.00% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY LLC | $5K | 8.57% |
| JEFFERIES LLC | $5K | 8.13% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $4K | 6.19% |
| INSTINET, LLC | $4K | 6.18% |
| RBC CAPITAL MARKETS, LLC | $3K | 5.81% |
| MORGAN STANLEY & CO. LLC | $2K | 3.56% |
C000025740 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $149.3M | 39.17% |
| BARCLAYS CAPITAL, INC. | $86.8M | 22.77% |
| Wells Fargo Securities LLC | $54.8M | 14.37% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $36.1M | 9.48% |
| Goldman Sachs & Co. LLC | $25.0M | 6.56% |
| Mizuho Securities USA LLC | $16.7M | 4.38% |
| Royal Bank of Canada | $5.3M | 1.39% |
| CITADEL SECURITIES LLC | $3.8M | 1.00% |
| BNY MELLON CAPITAL MARKETS, LLC | $3.3M | 0.87% |
| RAYMOND JAMES (USA) LTD | $29K | 0.01% |
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.