C000069687 Fees and Costs — The Real Estate Securities Portfolio, HC Strategic Shares
Data updated: 2020-05-27
The net expense ratio is 0.83%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $67K in broker commissions, 0.0519% of average net assets, and portfolio turnover was 48%.
C000069687 Fees and Expenses
Annual operating expenses and sales charges of C000069687. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.83% |
| Fee waiver | — |
| Net expense ratio | 0.83% |
| 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 |
C000069687 Costs Over Time
On $10,000 invested in C000069687, assuming 5% a year before costs, total costs come to $553 over 5 years, cutting the return by 0.93% 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $5 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $304 | $553 |
| Value after costs | $10,407 | $11,273 | $12,210 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
C000069687 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): 0.0519%
- Total broker commissions: $67K
- Bought from dealers (principal trades, not a cost): $172.2M
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
C000069687 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $17K | 33.74% |
| MORGAN STANLEY & CO. LLC | $8K | 15.14% |
| BARCLAYS CAPITAL INC. | $6K | 11.25% |
| CITIGROUP GLOBAL MARKETS INC. | $5K | 10.57% |
| ITG INC. | $4K | 7.16% |
| BTIG, LLC. | $3K | 5.02% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $2K | 4.84% |
| UBS SECURITIES LLC | $2K | 4.27% |
| DEUTSCHE BANK SECURITIES INC. | $2K | 4.20% |
| WASHINGTON ANALYSIS | $2K | 3.80% |
C000069687 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $153.7M | 89.26% |
| MORGAN STANLEY & CO. LLC | $14.1M | 8.16% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $2.1M | 1.21% |
| GOLDMAN SACHS & CO. LLC | $1.2M | 0.67% |
| WASHINGTON ANALYSIS | $708K | 0.41% |
| WELLS FARGO SECURITIES, LLC | $277K | 0.16% |
| BARCLAYS CAPITAL INC. | $203K | 0.12% |
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.