EPEM Fees and Costs — Harbor Emerging Markets Equity ETF
Data updated: 2026-09-25
The net expense ratio is 0.84%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0863% of average net assets, and portfolio turnover was 5%.
EPEM Fees and Expenses
Annual operating expenses and sales charges of EPEM. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.84% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.84% |
| Fee waiver | — |
| Net expense ratio | 0.84% |
| 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 |
EPEM Costs Over Time
On $10,000 invested in EPEM, assuming 5% a year before costs, total costs come to $580 over 5 years, cutting the return by 0.97% 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 0.84%) | $88 | $275 | $478 |
| Trading costs (broker commissions) | $9 | $28 | $49 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $319 | $580 |
| Value after costs | $10,403 | $11,258 | $12,183 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
EPEM 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): 0.0863%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $3.7M
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
EPEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Macquarie Capital (USA) Inc. | $3K | 58.06% |
| Morgan Stanley & Co. LLC | $2K | 37.69% |
| CLSA Americas, LLC | $134 | 2.78% |
| CastleOak Securities, L.P. | $25 | 0.51% |
| Scotiabank Brasil SA Corretora de Titulos e Valores Mobiliarios | $24 | 0.50% |
| Scotia Capital (USA) Inc. | $11 | 0.23% |
| BofA Securities, Inc. | $7 | 0.14% |
| Larrainvial Securities US LLC | $5 | 0.10% |
EPEM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $3.1M | 85.44% |
| Goldman Sachs & Co. LLC | $534K | 14.56% |
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.