C000230171 Fees and Costs — Milliman 6-Month Buffered S&P 500 with Par Up Outcome Fund - Feb/Aug, Class 3
Data updated: 2023-11-27
The net expense ratio is 0.99% (6.69% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $5K in broker commissions, 0.3535% of average net assets, and portfolio turnover was 7%.
C000230171 Fees and Expenses
Annual operating expenses and sales charges of C000230171. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.25% |
| Other expenses | 5.93% |
| Gross expense ratio | 6.69% |
| Fee waiver | −5.70% |
| 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 |
C000230171 Costs Over Time
On $10,000 invested in C000230171, assuming 5% a year before costs, total costs come to $835 over 5 years, cutting the return by 1.41% 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 | $323 | $558 |
| Trading costs (broker commissions) | $37 | $115 | $199 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $460 | $835 |
| Value after costs | $10,359 | $11,116 | $11,928 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
C000230171 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): 0.3535%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
C000230171 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WOLVERINE EXECUTION SERVICES LLC | $5K | 98.89% |
| JANE STREET EXECUTION SERVICES LLC | $57 | 1.11% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.