VMEIX Fees and Costs — Securian AM Managed Volatility Equity Fund, Institutional Class
Data updated: 2021-01-13
The net expense ratio is 0.72% (1.21% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $13K in broker commissions, 0.0348% of average net assets, and portfolio turnover was 8%.
VMEIX Fees and Expenses
Annual operating expenses and sales charges of VMEIX. Prospectus, as of August 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.21% |
| Fee waiver | −0.49% |
| Net expense ratio | 0.72% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
VMEIX Costs Over Time
On $10,000 invested in VMEIX, assuming 5% a year before costs, total costs come to $474 over 5 years, cutting the return by 0.79% 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 0.72%) | $76 | $236 | $411 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $260 | $474 |
| Value after costs | $10,421 | $11,316 | $12,288 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
VMEIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0348%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
VMEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $9K | 66.28% |
| GOLDMAN SACHS & CO. LLC | $2K | 12.59% |
| INSTINET, LLC | $947 | 7.28% |
| KEYBANC CAPITAL MARKETS INC. | $916 | 7.04% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $486 | 3.74% |
| EVERCORE GROUP L.L.C. | $400 | 3.07% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.