C000214145 Fees and Costs — Mutual of America VIP Mid-Cap Value Portfolio, Mid Cap Value Portfolio Class
Data updated: 2023-11-16
The net expense ratio is 0.70%: a 0.55% management fee plus 2.65% other expenses, less a 2.50% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $450 in broker commissions, 0.0097% of average net assets, and portfolio turnover was 18%.
C000214145 Fees and Expenses
Annual operating expenses and sales charges of C000214145. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 2.65% |
| Gross expense ratio | 3.20% |
| Fee waiver | −2.50% |
| Net expense ratio | 0.70% |
| 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 |
C000214145 Costs Over Time
On $10,000 invested in C000214145, assuming 5% a year before costs, total costs come to $447 over 5 years, cutting the return by 0.75% 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) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $245 | $447 |
| Value after costs | $10,425 | $11,332 | $12,316 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
C000214145 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): 0.0097%
- Total broker commissions: $450
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
C000214145 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $106 | 23.62% |
| INSTINET, LLC | $73 | 16.17% |
| BNY MELLON CAPITAL MARKETS, LLC | $68 | 15.22% |
| CREDIT SUISSE SECURITIES (USA) LLC | $43 | 9.47% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $38 | 8.41% |
| Jefferies LLC | $37 | 8.22% |
| J.P. MORGAN SECURITIES LLC | $33 | 7.34% |
| Goldman Sachs & Co, LLC | $27 | 6.01% |
| ROYAL BANK OF CANADA | $25 | 5.54% |
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.