EFFE Fees and Costs — Harbor Osmosis Emerging Markets Resource Efficient ETF
Data updated: 2026-09-25
The net expense ratio is 0.69%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $153K in broker commissions, 0.1597% of average net assets, and portfolio turnover was 123%.
EFFE Fees and Expenses
Annual operating expenses and sales charges of EFFE. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
EFFE Costs Over Time
On $10,000 invested in EFFE, assuming 5% a year before costs, total costs come to $533 over 5 years, cutting the return by 0.89% 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 0.69%) | $72 | $226 | $393 |
| Trading costs (broker commissions) | $17 | $52 | $91 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $293 | $533 |
| Value after costs | $10,411 | $11,284 | $12,230 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
EFFE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1597%
- Total broker commissions: $153K
- Bought from dealers (principal trades, not a cost): $17K
- Portfolio turnover (prospectus): 123%
- Securities lending: none during the year
EFFE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $61K | 40.41% |
| J.P. Morgan Securities LLC | $50K | 32.77% |
| CLSA Americas, LLC | $11K | 7.56% |
| Deutsche Bank Securities Inc. | $9K | 5.74% |
| Nomura Securities International, Inc. | $7K | 4.42% |
| State Street Global Markets, LLC | $4K | 2.85% |
| FXC Corretora de Valores S.A. | $3K | 2.25% |
| Saudi Awwal Bank | $3K | 2.04% |
| Eurobank Ergasias Services and Holdings S.A. | $2K | 1.02% |
| BofA Securities, Inc. | $1K | 0.94% |
EFFE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $17K | 99.91% |
| Morgan Stanley & Co. LLC | $15 | 0.09% |
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.