FIVHX Fees and Costs — Select Financials Portfolio
Data updated: 2026-08-04
The net expense ratio is 1.20%: a 0.68% management fee, a 0.50% 12b-1 fee plus 0.02% other expenses. This share class carries a maximum front-end sales load of 3.50%. In fiscal 2026 the fund paid $233K in broker commissions, 0.0224% of average net assets, and portfolio turnover was 37%.
FIVHX Fees and Expenses
Annual operating expenses and sales charges of FIVHX. Prospectus, as of August 5, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.20% |
| Fee waiver | — |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 3.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FIVHX Costs Over Time
On $10,000 invested in FIVHX, assuming 5% a year before costs, total costs come to $1,181 over 5 years, cutting the return by 2.02% 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 |
| Sales charges | $350 | $350 | $350 |
| Fund expenses (net expense ratio 1.20%) | $122 | $378 | $655 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $17 | $74 | $164 |
| Total costs | $491 | $810 | $1,181 |
| Value after costs | $10,009 | $10,766 | $11,582 |
| Impact on return, per year | 4.91% | 2.51% | 2.02% |
FIVHX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0224%
- Total broker commissions: $233K
- Bought from dealers (principal trades, not a cost): $15.5M
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $42.8M
- Net income from securities lending: $225K (0.022% of average net assets)
FIVHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $41K | 21.43% |
| JPMORGAN CHASE and CO | $39K | 20.38% |
| MORGAN STANLEY | $22K | 11.69% |
| BANK OF AMERICA CORPORATION | $21K | 11.27% |
| CITIGROUP INC | $14K | 7.53% |
| BARCLAYS PLC | $13K | 6.94% |
| JEFFERIES FINANCIAL GROUP INC | $12K | 6.54% |
| UBS GROUP AG | $11K | 5.58% |
| MACQUARIE GROUP LTD | $10K | 5.52% |
| VIRTU FINANCIAL INC | $6K | 3.12% |
FIVHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $11.4M | 73.47% |
| MORGAN STANLEY | $3.9M | 25.26% |
| GOLDMAN SACHS GROUP INC (THE) | $104K | 0.67% |
| CITIGROUP INC | $53K | 0.34% |
| JEFFERIES FINANCIAL GROUP INC | $40K | 0.26% |
Select Financials Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIVSX | C000278448 | 0.58% | none |
| FIDSX | Select Financials Portfolio | 0.68% | — |
| FIVKX | C000278449 | 0.70% | none |
| FIVGX | C000278450 | 0.95% | 5.75% |
| FIVHX | C000278451 | 1.20% | 3.50% |
| FIVJX | C000278452 | 1.70% | none |
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.