C000214161 Fees and Costs — Mutual of America VIP Small Cap Equity Index Portfolio
Data updated: 2023-11-16
The net expense ratio is 0.23%: a 0.08% management fee plus 2.51% other expenses, less a 2.36% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $1K in broker commissions, 0.0200% of average net assets, and portfolio turnover was 37%.
C000214161 Fees and Expenses
Annual operating expenses and sales charges of C000214161. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | — |
| Other expenses | 2.51% |
| Gross expense ratio | 2.59% |
| Fee waiver | −2.36% |
| 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 |
C000214161 Costs Over Time
On $10,000 invested in C000214161, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
C000214161 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): 0.0200%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $1.0M
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
C000214161 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $757 | 52.46% |
| RAYMOND JAMES (USA) LTD. | $463 | 32.08% |
| MORGAN STANLEY & CO. LLC | $93 | 6.44% |
| INSTINET, LLC | $75 | 5.19% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY | $42 | 2.90% |
| CREDIT SUISSE SECURITIES (USA) LLC | $13 | 0.91% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $0 | 0.01% |
C000214161 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $871K | 86.91% |
| MORGAN STANLEY & CO. LLC | $118K | 11.77% |
| RAYMOND JAMES (USA) LTD. | $13K | 1.32% |
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.