C000200087 Fees and Costs — Moa Small Cap Equity Index Fund
Data updated: 2026-08-27
The net expense ratio is 0.25%: a 0.08% management fee plus 0.22% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $46K in broker commissions, 0.0250% of average net assets, and portfolio turnover was 39%.
C000200087 Fees and Expenses
Annual operating expenses and sales charges of C000200087. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | — |
| Other expenses | 0.22% |
| Gross expense ratio | 0.30% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000200087 Costs Over Time
On $10,000 invested in C000200087, assuming 5% a year before costs, total costs come to $175 over 5 years, cutting the return by 0.29% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $4 | $16 |
| Total costs | $29 | $95 | $175 |
| Value after costs | $10,471 | $11,481 | $12,588 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
C000200087 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): 0.0250%
- Total broker commissions: $46K
- Bought from dealers (principal trades, not a cost): $21.7M
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
C000200087 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $11K | 24.21% |
| Instinet LLC | $10K | 22.44% |
| MORGAN STANLEY & CO. LLC | $9K | 20.53% |
| Raymond James (USA) Ltd. | $7K | 15.50% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY LLC | $4K | 7.73% |
| SG Cowen Securities Corporation | $2K | 4.35% |
| BNY MELLON CAPITAL MARKETS, LLC | $2K | 3.77% |
| GOLDMAN SACHS & CO. LLC | $677 | 1.47% |
C000200087 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch Pierce Fenner & Smith Inc | $21.7M | 100.00% |
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.