C000230116 Fees and Costs — Milliman 6-Month Parred Down S&P 500 with Par Up Outcome Fund - May/Nov, Class 3
Data updated: 2023-11-27
The net expense ratio is 0.99% (7.90% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2K in broker commissions, 0.2522% of average net assets, and portfolio turnover was 67%.
C000230116 Fees and Expenses
Annual operating expenses and sales charges of C000230116. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.25% |
| Other expenses | 7.14% |
| Gross expense ratio | 7.90% |
| Fee waiver | −6.91% |
| Net expense ratio | 0.99% |
| 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 | Yes |
C000230116 Costs Over Time
On $10,000 invested in C000230116, assuming 5% a year before costs, total costs come to $773 over 5 years, cutting the return by 1.30% 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 0.99%) | $104 | $324 | $560 |
| Trading costs (broker commissions) | $26 | $82 | $143 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $426 | $773 |
| Value after costs | $10,370 | $11,150 | $11,990 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
C000230116 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): 0.2522%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $222K
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
C000230116 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WOLVERINE EXECUTION SERVICES LLC | $2K | 96.63% |
| JANE STREET EXECUTION SERVICES LLC | $80 | 3.37% |
C000230116 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $222K | 100.00% |
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.