EMES Fees and Costs — Harbor Emerging Markets Select ETF
Data updated: 2026-09-25
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.0652% of average net assets, and portfolio turnover was 40%.
EMES Fees and Expenses
Annual operating expenses and sales charges of EMES. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 |
EMES Costs Over Time
On $10,000 invested in EMES, assuming 5% a year before costs, total costs come to $450 over 5 years, cutting the return by 0.75% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $247 | $450 |
| Value after costs | $10,425 | $11,330 | $12,313 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
EMES 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): 0.0652%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $224K
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
EMES Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3K | 54.88% |
| CLSA Americas, LLC | $670 | 11.66% |
| CICC US Securities, Inc. | $617 | 10.74% |
| Citigroup Global Markets Inc. | $577 | 10.03% |
| Jefferies LLC | $449 | 7.81% |
| BTG Pactual US Capital, LLC | $87 | 1.51% |
| Macquarie Capital (USA) Inc. | $85 | 1.48% |
| UBS Securities LLC | $56 | 0.97% |
| TD Securities (USA) LLC | $41 | 0.72% |
| BNP Paribas Securities Corp. | $11 | 0.20% |
EMES Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $224K | 100.00% |
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.