C000025744 Fees and Costs — Moa Mid Cap Equity Index Fund
Data updated: 2026-08-27
The net expense ratio is 0.17%: a 0.08% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $96K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 15%.
C000025744 Fees and Expenses
Annual operating expenses and sales charges of C000025744. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.17% |
| Fee waiver | — |
| Net expense ratio | 0.17% |
| 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 |
C000025744 Costs Over Time
On $10,000 invested in C000025744, assuming 5% a year before costs, total costs come to $112 over 5 years, cutting the return by 0.19% 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 0.17%) | $18 | $56 | $98 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $61 | $112 |
| Value after costs | $10,481 | $11,515 | $12,650 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
C000025744 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): 0.0067%
- Total broker commissions: $96K
- Bought from dealers (principal trades, not a cost): $667.1M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
C000025744 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $40K | 41.39% |
| Merrill Lynch Pierce Fenner & Smith Inc | $22K | 23.34% |
| Raymond James (USA) Ltd. | $15K | 15.66% |
| MORGAN STANLEY & CO. LLC | $6K | 6.66% |
| BNY MELLON CAPITAL MARKETS, LLC | $6K | 6.23% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY LLC | $5K | 5.53% |
| SG Cowen Securities Corporation | $768 | 0.80% |
| GOLDMAN SACHS & CO. LLC | $373 | 0.39% |
C000025744 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $165.8M | 23.78% |
| J.P. Morgan Securities LLC | $159.6M | 22.89% |
| BARCLAYS CAPITAL, INC. | $124.0M | 17.78% |
| Wells Fargo Securities LLC | $85.6M | 12.27% |
| GOLDMAN SACHS & CO. LLC | $48.5M | 6.96% |
| CITADEL SECURITIES LLC | $42.1M | 6.04% |
| BOFA SECURITIES, INC. | $35.7M | 5.11% |
| Mizuho Securities USA LLC | $16.5M | 2.37% |
| RAYMOND JAMES (USA) LTD | $12.4M | 1.78% |
| Royal Bank of Canada | $7.1M | 1.01% |
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.