FHSIX Fees and Costs — Federated Hermes Global Small Cap Fund, Institutional Shares
Data updated: 2023-02-10
The net expense ratio is 0.94%: a 0.85% management fee plus 8.28% other expenses, less a 8.19% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 16%.
FHSIX Fees and Expenses
Annual operating expenses and sales charges of FHSIX. Prospectus, as of November 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 8.28% |
| Gross expense ratio | 9.13% |
| Fee waiver | −8.19% |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FHSIX Costs Over Time
On $10,000 invested in FHSIX, assuming 5% a year before costs, total costs come to $589 over 5 years, cutting the return by 0.99% 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 0.94%) | $99 | $308 | $535 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $323 | $589 |
| Value after costs | $10,401 | $11,253 | $12,174 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
FHSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
FHSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $126 | 28.41% |
| Instinet, LLC | $92 | 20.70% |
| RBC Capital Markets, LLC | $60 | 13.48% |
| Berenberg Capital Markets LLC | $56 | 12.73% |
| Liquidnet, Inc. | $27 | 6.09% |
| Goldman Sachs & Co. LLC | $24 | 5.35% |
| Credit Agricole Securities (USA) Inc. | $22 | 4.92% |
| Santander Investment Securities Inc. | $21 | 4.70% |
| Winterflood Securities US Corp. | $11 | 2.43% |
| Peel Hunt Inc. | $5 | 1.20% |
FHSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Numis Securities Inc. | $35K | 73.51% |
| Stifel, Nicolaus & Company, Incorporated | $13K | 26.49% |
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.