HAPY Fees and Costs — Harbor Human Capital Factor Unconstrained ETF
Data updated: 2025-09-26
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $6K in broker commissions, 0.0435% of average net assets, and portfolio turnover was 74%.
HAPY Fees and Expenses
Annual operating expenses and sales charges of HAPY. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
HAPY Costs Over Time
On $10,000 invested in HAPY, assuming 5% a year before costs, total costs come to $343 over 5 years, cutting the return by 0.57% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $188 | $343 |
| Value after costs | $10,443 | $11,389 | $12,420 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
HAPY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0435%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $6.4M
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
HAPY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $5K | 92.62% |
| Goldman Sachs & Co. LLC | $391 | 7.10% |
| Mischler Financial Group, Inc. | $16 | 0.28% |
HAPY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $6.4M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.