C000237468 Fees and Costs — Milliman - Capital Group Hedged U.S. Growth Fund, Class 3
Data updated: 2026-04-28
The net expense ratio is 1.09%: a 0.77% management fee, a 0.25% 12b-1 fee plus 8.43% other expenses, less a 8.36% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $99 in broker commissions, 0.0029% of average net assets, and portfolio turnover was 33%.
C000237468 Fees and Expenses
Annual operating expenses and sales charges of C000237468. Prospectus, as of April 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | 0.25% |
| Other expenses | 8.43% |
| Gross expense ratio | 9.45% |
| Fee waiver | −8.36% |
| Net expense ratio | 1.09% |
| 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 |
C000237468 Costs Over Time
On $10,000 invested in C000237468, assuming 5% a year before costs, total costs come to $682 over 5 years, cutting the return by 1.15% 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 1.09%) | $114 | $357 | $618 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $375 | $682 |
| Value after costs | $10,385 | $11,201 | $12,080 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
C000237468 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0029%
- Total broker commissions: $99
- Bought from dealers (principal trades, not a cost): $848K
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
C000237468 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES INC. | $62 | 62.60% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $37 | 37.40% |
C000237468 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES INC. | $738K | 87.05% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $110K | 12.95% |
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.