EFFI Fees and Costs — Harbor Osmosis International Resource Efficient ETF
Data updated: 2026-09-25
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $24K in broker commissions, 0.0206% of average net assets, and portfolio turnover was 52%.
EFFI Fees and Expenses
Annual operating expenses and sales charges of EFFI. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| 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 |
EFFI Costs Over Time
On $10,000 invested in EFFI, assuming 5% a year before costs, total costs come to $360 over 5 years, cutting the return by 0.60% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $197 | $360 |
| Value after costs | $10,440 | $11,379 | $12,403 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
EFFI 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): 0.0206%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $164.5M
- Portfolio turnover (prospectus): 52%
- Securities on loan, average value: $92K
- Net income from securities lending: $2K (0.002% of average net assets)
EFFI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $12K | 48.13% |
| J.P. Morgan Securities LLC | $7K | 30.20% |
| SG Americas Securities, LLC | $5K | 20.11% |
| Deutsche Bank Securities Inc. | $146 | 0.60% |
| Sanford C. Bernstein & Co., LLC | $137 | 0.56% |
| Nomura Securities International, Inc. | $55 | 0.23% |
| State Street Global Markets, LLC | $42 | 0.17% |
EFFI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $73.2M | 44.49% |
| Goldman Sachs & Co. LLC | $52.6M | 31.96% |
| BofA Securities, Inc. | $26.5M | 16.12% |
| Virtu Americas LLC | $12.2M | 7.42% |
| Deutsche Bank Securities Inc. | $23K | 0.01% |
| Morgan Stanley & Co. LLC | $5 | 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.