C000025743 Fees and Costs — Moa Mid Cap Value Fund
Data updated: 2026-08-27
The net expense ratio is 0.70%: a 0.55% management fee plus 0.15% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $83K in broker commissions, 0.0425% of average net assets, and portfolio turnover was 36%.
C000025743 Fees and Expenses
Annual operating expenses and sales charges of C000025743. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.15% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| 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 |
C000025743 Costs Over Time
On $10,000 invested in C000025743, assuming 5% a year before costs, total costs come to $467 over 5 years, cutting the return by 0.78% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $256 | $467 |
| Value after costs | $10,422 | $11,320 | $12,296 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
C000025743 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): 0.0425%
- Total broker commissions: $83K
- Bought from dealers (principal trades, not a cost): $306.2M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
C000025743 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $15K | 19.97% |
| RBC CAPITAL MARKETS, LLC | $14K | 18.78% |
| INSTINET, LLC | $11K | 14.38% |
| STIFEL NICHOLAS & CO., INC. | $8K | 10.73% |
| MORGAN STANLEY & CO. LLC | $8K | 10.13% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $7K | 8.81% |
| JEFFERIES LLC | $7K | 8.60% |
| ROBERT W. BAIRD & CO. INC. | $2K | 3.00% |
| CANTOR FITZGERALD & CO. | $2K | 2.86% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY LLC | $2K | 2.75% |
C000025743 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $119.4M | 39.00% |
| BARCLAYS CAPITAL, INC. | $65.9M | 21.51% |
| Wells Fargo Securities LLC | $45.8M | 14.95% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $31.5M | 10.28% |
| GOLDMAN SACHS & CO. LLC | $25.8M | 8.42% |
| Mizuho Securities USA LLC | $9.0M | 2.94% |
| CITADEL SECURITIES LLC | $5.0M | 1.63% |
| TD Securities (USA) LLC | $1.7M | 0.55% |
| Royal Bank of Canada | $1.2M | 0.39% |
| BNY MELLON CAPITAL MARKETS, LLC | $1000K | 0.33% |
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.