C000136185 Fees and Costs — Harbor Small Cap Growth Opportunities Fund, Administrative Class
Data updated: 2020-06-22
The net expense ratio is 1.16%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $429K in broker commissions, 0.1988% of average net assets, and portfolio turnover was 68%.
C000136185 Fees and Expenses
Annual operating expenses and sales charges of C000136185. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.16% |
| Fee waiver | — |
| Net expense ratio | 1.16% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000136185 Costs Over Time
On $10,000 invested in C000136185, assuming 5% a year before costs, total costs come to $844 over 5 years, cutting the return by 1.43% 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 1.16%) | $122 | $379 | $654 |
| Trading costs (broker commissions) | $21 | $65 | $112 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $143 | $466 | $844 |
| Value after costs | $10,357 | $11,111 | $11,919 |
| Impact on return, per year | 1.43% | 1.43% | 1.43% |
C000136185 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1988%
- Total broker commissions: $429K
- Bought from dealers (principal trades, not a cost): $2.6M
- Portfolio turnover (prospectus): 68%
- Securities lending: none during the year
C000136185 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $127K | 40.98% |
| RBC Capital Markets, LLC | $87K | 27.87% |
| Jefferies LLC | $18K | 5.68% |
| William Blair & Company, L.L.C. | $14K | 4.61% |
| Raymond James Financial, Inc. | $12K | 4.02% |
| Wells Fargo Securities, LLC | $12K | 3.75% |
| STIFEL NICOLAUS & CO INC. | $12K | 3.74% |
| Piper Jaffray & Co. | $10K | 3.38% |
| Stephens Inc. | $9K | 3.05% |
| B. Riley FBR, Inc. | $9K | 2.92% |
C000136185 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.3M | 50.25% |
| Deutsche Bank Securities Inc. | $1.2M | 45.75% |
| Citigroup Global Markets Inc. | $102K | 4.00% |
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.