BHILX Fees and Costs — BHILL Fund
Data updated: 2026-08-31
The net expense ratio is 0.43% (0.84% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $183K in broker commissions, 0.2832% of average net assets, and portfolio turnover was 195%.
BHILX Fees and Expenses
Annual operating expenses and sales charges of BHILX. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.41% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.41% |
| Net expense ratio | 0.43% |
| 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 | No |
BHILX Costs Over Time
On $10,000 invested in BHILX, assuming 5% a year before costs, total costs come to $449 over 5 years, cutting the return by 0.75% 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 0.43%) | $45 | $141 | $246 |
| Trading costs (broker commissions) | $30 | $93 | $162 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $246 | $449 |
| Value after costs | $10,425 | $11,330 | $12,314 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
BHILX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2832%
- Total broker commissions: $183K
- Bought from dealers (principal trades, not a cost): $400.4M
- Portfolio turnover (prospectus): 195%
- Securities on loan, average value: $637K
- Net income from securities lending: $4K (0.005% of average net assets)
BHILX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $86K | 47.30% |
| NATIONAL FINANCIAL SERVICES LLC | $27K | 14.53% |
| RAYMOND JAMES & ASSOCIATES, INC. | $23K | 12.57% |
| RBC CAPITAL MARKETS, LLC | $20K | 10.78% |
| GOLDMAN SACHS & CO. LLC | $20K | 10.74% |
| CLEAR STREET LLC | $5K | 2.80% |
| TELSEY ADVISORY GROUP LLC | $2K | 1.27% |
| STERNE, AGEE & LEACH, INC. | $14 | 0.01% |
| BLOOMBERG TRADEBOOK LLC | $10 | 0.01% |
| EVERCORE GROUP L.L.C. | $4 | 0.00% |
BHILX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $1.3M | 99.92% |
| INSPEREX LLC | $1K | 0.08% |
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.