C000065217 Fees and Costs — The Institutional Small Capitalization-Mid Capitalization Equity Portfolio, HC Strategic Shares
Data updated: 2020-05-27
The net expense ratio is 0.42%: a 0.31% management fee plus 0.11% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $115K in broker commissions, 0.0745% of average net assets, and portfolio turnover was 53%.
C000065217 Fees and Expenses
Annual operating expenses and sales charges of C000065217. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.31% |
| 12b-1 fee | — |
| Other expenses | 0.11% |
| Gross expense ratio | 0.42% |
| Fee waiver | — |
| Net expense ratio | 0.42% |
| 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 |
C000065217 Costs Over Time
On $10,000 invested in C000065217, assuming 5% a year before costs, total costs come to $312 over 5 years, cutting the return by 0.52% 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 0.42%) | $44 | $138 | $241 |
| Trading costs (broker commissions) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $171 | $312 |
| Value after costs | $10,448 | $11,405 | $12,450 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
C000065217 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): 0.0745%
- Total broker commissions: $115K
- Bought from dealers (principal trades, not a cost): $350.2M
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $2.1M
- Net income from securities lending: $89K (0.057% of average net assets)
C000065217 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| OPPENHEIMER & CO. INC. | $15K | 17.59% |
| WILLIAM BLAIR & COMPANY L.L.C. | $15K | 17.10% |
| ROBERT W. BAIRD & CO. | $14K | 16.42% |
| MORGAN STANLEY & CO. LLC | $11K | 12.92% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $9K | 10.25% |
| LIQUIDNET | $7K | 7.58% |
| BNY MELLON CAPITAL MARKETS, LLC | $5K | 5.87% |
| JEFFERIES LLC | $4K | 4.22% |
| WEEDEN & CO. | $4K | 4.17% |
| COWEN AND COMPANY, LLC | $3K | 3.89% |
C000065217 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $328.9M | 95.15% |
| MORGAN STANLEY & CO. LLC | $9.5M | 2.73% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $3.9M | 1.12% |
| DEUTSCHE BANK SECURITIES INC. | $1.6M | 0.46% |
| J.P. MORGAN SECURITIES LLC | $805K | 0.23% |
| COWEN AND COMPANY, LLC | $564K | 0.16% |
| RAYMOND JAMES & ASSOCIATES, INC | $241K | 0.07% |
| GOLDMAN SACHS & CO. LLC | $237K | 0.07% |
| MACQUARIE CAPITAL (USA) INC. | $2K | 0.00% |
| ITG INC. | $57 | 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.