C000062555 Fees and Costs — The Institutional Value Equity Portfolio, HC Strategic Shares
Data updated: 2020-05-27
The net expense ratio is 0.21%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $113K in broker commissions, 0.0108% of average net assets, and portfolio turnover was 39%.
C000062555 Fees and Expenses
Annual operating expenses and sales charges of C000062555. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.21% |
| Fee waiver | — |
| Net expense ratio | 0.21% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000062555 Costs Over Time
On $10,000 invested in C000062555, assuming 5% a year before costs, total costs come to $140 over 5 years, cutting the return by 0.23% 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 0.21%) | $22 | $69 | $121 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $23 | $77 | $140 |
| Value after costs | $10,477 | $11,500 | $12,623 |
| Impact on return, per year | 0.23% | 0.23% | 0.23% |
C000062555 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0108%
- Total broker commissions: $113K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 39%
- Securities on loan, average value: $6K
- Net income from securities lending: $293 (0.000% of average net assets)
C000062555 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WEEDEN & CO. | $33K | 32.29% |
| MORGAN STANLEY & CO. LLC | $20K | 18.98% |
| SANFORD C. BERNSTEIN & CO., LLC | $9K | 8.88% |
| INSTINET | $8K | 7.78% |
| GOLDMAN SACHS & CO. LLC | $7K | 7.00% |
| ABEL NOSER, LLC. | $6K | 5.91% |
| CREDIT SUISSE SECURITIES (USA) LLC | $5K | 5.24% |
| COWEN AND COMPANY, LLC | $5K | 5.19% |
| CANACCORD GENUITY LLC | $5K | 4.93% |
| C. L. KING & ASSOCIATES, INC. | $4K | 3.79% |
C000062555 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $1.2B | 91.96% |
| MORGAN STANLEY & CO. LLC | $71.9M | 5.73% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $15.7M | 1.25% |
| DEUTSCHE BANK SECURITIES INC. | $6.1M | 0.49% |
| GOLDMAN SACHS & CO. LLC | $4.6M | 0.36% |
| J.P. MORGAN SECURITIES LLC | $2.5M | 0.20% |
| MACQUARIE CAPITAL (USA) INC. | $74K | 0.01% |
| ITG INC. | $4K | 0.00% |
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.