VVMIX Fees and Costs — Securian AM Dynamic Volatility Fund, Institutional Class
Data updated: 2021-01-13
The net expense ratio is 0.61% (0.99% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $19K in broker commissions, 0.0305% of average net assets, and portfolio turnover was 1%.
VVMIX Fees and Expenses
Annual operating expenses and sales charges of VVMIX. Prospectus, as of August 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.38% |
| Net expense ratio | 0.61% |
| 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 |
VVMIX Costs Over Time
On $10,000 invested in VVMIX, assuming 5% a year before costs, total costs come to $404 over 5 years, cutting the return by 0.67% 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 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $221 | $404 |
| Value after costs | $10,433 | $11,355 | $12,359 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
VVMIX 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): 0.0305%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $1.9M
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
VVMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $18K | 98.65% |
| INSTINET, LLC | $252 | 1.35% |
VVMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL, INC. | $1.6M | 86.41% |
| WELLS FARGO SECURITIES, LLC | $257K | 13.59% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.