C000086272 Fees and Costs — The Commodity Returns Strategy Portfolio, HC Strategic Shares
Data updated: 2021-02-26
The net expense ratio is 0.51%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $66K in broker commissions, 0.0702% of average net assets, and portfolio turnover was 2%.
C000086272 Fees and Expenses
Annual operating expenses and sales charges of C000086272. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.22% |
| 12b-1 fee | — |
| Other expenses | 0.27% |
| Gross expense ratio | 0.51% |
| Fee waiver | — |
| Net expense ratio | 0.51% |
| 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 |
C000086272 Costs Over Time
On $10,000 invested in C000086272, assuming 5% a year before costs, total costs come to $366 over 5 years, cutting the return by 0.61% 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 0.51%) | $54 | $168 | $292 |
| Trading costs (broker commissions) | $7 | $23 | $40 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $200 | $366 |
| Value after costs | $10,439 | $11,376 | $12,397 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
C000086272 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0702%
- Total broker commissions: $66K
- Bought from dealers (principal trades, not a cost): $970.2M
- Portfolio turnover (prospectus): 2%
- Securities on loan, average value: $220K
- Net income from securities lending: $9K (0.009% of average net assets)
C000086272 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $46K | 70.89% |
| MORGAN STANLEY & CO. LLC | $7K | 10.18% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $6K | 8.74% |
| COWEN AND COMPANY, LLC | $3K | 4.12% |
| CREDIT SUISSE SECURITIES (USA) LLC | $2K | 3.76% |
| HSBC SECURITIES (USA) INC | $623 | 0.95% |
| SANFORD C. BERNSTEIN & CO., LLC | $478 | 0.73% |
| WEEDEN & CO. | $334 | 0.51% |
| GOLDMAN SACHS & CO. LLC | $57 | 0.09% |
| CITIGROUP GLOBAL MARKETS INC. | $22 | 0.03% |
C000086272 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $263.9M | 27.20% |
| RBS SECURITIES | $172.8M | 17.81% |
| DEUTSCHE BANK SECURITIES INC. | $172.8M | 17.81% |
| BNP PARIBAS SECURITIES CORP. | $172.8M | 17.81% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $171.9M | 17.72% |
| MORGAN STANLEY & CO. LLC | $16.0M | 1.65% |
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.