C000214165 Fees and Costs — Mutual of America VIP Mid-Term Bond Portfolio, Mid-Term Bond Portfolio Class
Data updated: 2023-11-16
The net expense ratio is 0.55%: a 0.40% management fee plus 1.04% other expenses, less a 0.89% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $71 in broker commissions, 0.0003% of average net assets, and portfolio turnover was 27%.
C000214165 Fees and Expenses
Annual operating expenses and sales charges of C000214165. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 1.04% |
| Gross expense ratio | 1.44% |
| Fee waiver | −0.89% |
| Net expense ratio | 0.55% |
| 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 |
C000214165 Costs Over Time
On $10,000 invested in C000214165, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,415 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
C000214165 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): 0.0003%
- Total broker commissions: $71
- Bought from dealers (principal trades, not a cost): $16.4M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
C000214165 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wedbush Securities Inc. | $33 | 46.51% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY | $28 | 40.32% |
| Jefferies LLC | $9 | 13.07% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $0 | 0.10% |
C000214165 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $5.4M | 33.72% |
| BNY MELLON CAPITAL MARKETS, LLC | $3.7M | 22.94% |
| Goldman Sachs & Co, LLC | $2.8M | 17.41% |
| ROYAL BANK OF CANADA | $1.5M | 9.56% |
| Wells Fargo Securities LLC | $978K | 6.10% |
| BARCLAYS CAPITAL INC. | $477K | 2.98% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY | $362K | 2.26% |
| Amherst Pierpont Securities LLC | $314K | 1.96% |
| MORGAN STANLEY & CO. LLC | $274K | 1.71% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $221K | 1.37% |
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.