C000025742 Fees and Costs — Moa Small Cap Growth Fund
Data updated: 2026-08-27
The net expense ratio is 0.85%: a 0.75% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $195K in broker commissions, 0.0489% of average net assets, and portfolio turnover was 33%.
C000025742 Fees and Expenses
Annual operating expenses and sales charges of C000025742. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.10% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| 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 |
C000025742 Costs Over Time
On $10,000 invested in C000025742, assuming 5% a year before costs, total costs come to $563 over 5 years, cutting the return by 0.94% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $94 | $309 | $563 |
| Value after costs | $10,406 | $11,267 | $12,199 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
C000025742 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): 0.0489%
- Total broker commissions: $195K
- Bought from dealers (principal trades, not a cost): $332.4M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
C000025742 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $65K | 35.64% |
| Stifel, Nicolaus & Company, Incorporated | $28K | 15.66% |
| JEFFERIES LLC | $19K | 10.55% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY LLC | $14K | 7.81% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $13K | 7.39% |
| MORGAN STANLEY & CO. LLC | $10K | 5.42% |
| RBC CAPITAL MARKETS, LLC | $9K | 5.15% |
| Instinet LLC | $9K | 4.72% |
| D.A. Davidson & Co. | $8K | 4.63% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $5K | 3.02% |
C000025742 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $123.5M | 37.14% |
| BARCLAYS CAPITAL, INC. | $75.8M | 22.80% |
| Goldman Sachs & Co. LLC | $36.9M | 11.12% |
| Wells Fargo Securities LLC | $35.2M | 10.60% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $28.3M | 8.53% |
| CITADEL SECURITIES LLC | $13.5M | 4.06% |
| Mizuho Securities USA LLC | $11.3M | 3.41% |
| Royal Bank of Canada | $6.6M | 1.99% |
| BNY MELLON CAPITAL MARKETS, LLC | $1.1M | 0.33% |
| MORGAN STANLEY & CO. LLC | $49K | 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.