C000214144 Fees and Costs — Mutual of America VIP Equity Index Portfolio (S&P 500), Equity Index Portfolio Class
Data updated: 2023-11-16
The net expense ratio is 0.23%: a 0.08% management fee plus 0.84% other expenses, less a 0.69% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2K in broker commissions, 0.0014% of average net assets, and portfolio turnover was 11%.
C000214144 Fees and Expenses
Annual operating expenses and sales charges of C000214144. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | — |
| Other expenses | 0.84% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.69% |
| Net expense ratio | 0.23% |
| 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 | No |
C000214144 Costs Over Time
On $10,000 invested in C000214144, assuming 5% a year before costs, total costs come to $147 over 5 years, cutting the return by 0.24% 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 0.23%) | $24 | $76 | $133 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $24 | $80 | $147 |
| Value after costs | $10,476 | $11,496 | $12,616 |
| Impact on return, per year | 0.24% | 0.24% | 0.24% |
C000214144 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0014%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $36.7M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
C000214144 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $805 | 51.45% |
| RAYMOND JAMES (USA) LTD. | $543 | 34.71% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY | $94 | 5.99% |
| MORGAN STANLEY & CO. LLC | $93 | 5.93% |
| INSTINET, LLC | $29 | 1.86% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $1 | 0.06% |
C000214144 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $16.7M | 45.46% |
| J.P. MORGAN SECURITIES LLC | $8.7M | 23.70% |
| Wells Fargo Securities LLC | $5.9M | 16.07% |
| Mizuho Securities USA LLC | $3.5M | 9.54% |
| Goldman Sachs & Co, LLC | $1.0M | 2.86% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $646K | 1.76% |
| ROYAL BANK OF CANADA | $150K | 0.41% |
| MORGAN STANLEY & CO. LLC | $74K | 0.20% |
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.