C000214146 Fees and Costs — Mutual of America VIP Mid Cap Index Portfolio (S&P 400)
Data updated: 2023-11-16
The net expense ratio is 0.23%: a 0.08% management fee plus 1.00% other expenses, less a 0.85% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $3K in broker commissions, 0.0052% of average net assets, and portfolio turnover was 24%.
C000214146 Fees and Expenses
Annual operating expenses and sales charges of C000214146. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | — |
| Other expenses | 1.00% |
| Gross expense ratio | 1.08% |
| Fee waiver | −0.85% |
| 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 |
C000214146 Costs Over Time
On $10,000 invested in C000214146, assuming 5% a year before costs, total costs come to $149 over 5 years, cutting the return by 0.25% 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) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $25 | $81 | $149 |
| Value after costs | $10,475 | $11,495 | $12,613 |
| Impact on return, per year | 0.25% | 0.25% | 0.25% |
C000214146 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): 0.0052%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $7.5M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
C000214146 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $1K | 48.66% |
| RAYMOND JAMES (USA) LTD. | $583 | 22.00% |
| INSTINET, LLC | $339 | 12.81% |
| MORGAN STANLEY & CO. LLC | $284 | 10.71% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY | $147 | 5.56% |
| Goldman Sachs & Co, LLC | $7 | 0.26% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $0 | 0.00% |
C000214146 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $5.7M | 74.99% |
| MORGAN STANLEY & CO. LLC | $553K | 7.34% |
| Wells Fargo Securities LLC | $399K | 5.29% |
| BNY MELLON CAPITAL MARKETS, LLC | $398K | 5.28% |
| Goldman Sachs & Co, LLC | $300K | 3.98% |
| J.P. MORGAN SECURITIES LLC | $199K | 2.64% |
| RAYMOND JAMES (USA) LTD. | $37K | 0.48% |
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.