HAFAX Fees and Costs — Hartford AARP Balanced Retirement Fund, Class A
Data updated: 2024-09-26
The net expense ratio is 1.09%. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2023 the fund paid $21K in broker commissions, 0.0274% of average net assets, and portfolio turnover was 20%.
HAFAX Fees and Expenses
Annual operating expenses and sales charges of HAFAX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.09% |
| Fee waiver | — |
| Net expense ratio | 1.09% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
HAFAX Costs Over Time
On $10,000 invested in HAFAX, assuming 5% a year before costs, total costs come to $1,240 over 5 years, cutting the return by 2.12% 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 | $450 | $450 | $450 |
| Fund expenses (net expense ratio 1.09%) | $109 | $341 | $590 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $23 | $88 | $185 |
| Total costs | $585 | $887 | $1,240 |
| Value after costs | $9,915 | $10,689 | $11,523 |
| Impact on return, per year | 5.85% | 2.75% | 2.12% |
HAFAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0274%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $211.6M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $355K
- Net income from securities lending: $6K (0.008% of average net assets)
HAFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $7K | 35.37% |
| BofA Securities, Inc. | $4K | 23.05% |
| Broadcort Capital Corp. | $2K | 11.41% |
| Goldman Sachs & Co. LLC | $2K | 11.30% |
| UBS Securities LLC | $1K | 5.17% |
| Jefferies LLC | $715 | 3.69% |
| J.P. Morgan Securities LLC | $707 | 3.65% |
| Citigroup Global Markets Inc. | $548 | 2.83% |
| Exane, Inc. | $455 | 2.35% |
| Barclays Capital Inc. | $230 | 1.18% |
HAFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $205.5M | 97.76% |
| Citigroup Global Markets Inc. | $1.1M | 0.52% |
| J.P. Morgan Securities LLC | $771K | 0.37% |
| BofA Securities, Inc. | $666K | 0.32% |
| Barclays Capital Inc. | $638K | 0.30% |
| Goldman Sachs & Co. LLC | $603K | 0.29% |
| Morgan Stanley & Co. LLC | $391K | 0.19% |
| UBS Securities LLC | $282K | 0.13% |
| RBC Capital Markets, LLC | $144K | 0.07% |
| Millennium Advisors, LLC | $128K | 0.06% |
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.