HBIAX Fees and Costs — HSBC Strategic Income Fund, Class A
Data updated: 2021-03-30
The net expense ratio is 1.05%: a 0.65% management fee plus 2.11% other expenses, less a 1.71% fee waiver. This share class carries a maximum front-end sales load of 3.75%. Portfolio turnover was 104%.
HBIAX Fees and Expenses
Annual operating expenses and sales charges of HBIAX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 2.11% |
| Gross expense ratio | 2.76% |
| Fee waiver | −1.71% |
| Net expense ratio | 1.05% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| 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 | Yes |
HBIAX Costs Over Time
On $10,000 invested in HBIAX, assuming 5% a year before costs, total costs come to $1,110 over 5 years, cutting the return by 1.89% 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 | $375 | $375 | $375 |
| Fund expenses (net expense ratio 1.05%) | $106 | $331 | $574 |
| Lost growth on money paid in costs | $19 | $75 | $162 |
| Total costs | $500 | $781 | $1,110 |
| Value after costs | $10,000 | $10,795 | $11,653 |
| Impact on return, per year | 5.00% | 2.42% | 1.89% |
HBIAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $46.2M
- Portfolio turnover (prospectus): 104%
- Securities lending: none during the year
HBIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $8.0M | 23.06% |
| CITIGROUP GLOBAL MARKETS INC. | $4.7M | 13.58% |
| MORGAN STANLEY & CO. LLC | $3.9M | 11.23% |
| GOLDMAN SACHS & CO. LLC | $3.6M | 10.39% |
| CREDIT SUISSE SECURITIES (USA) LLC | $3.0M | 8.58% |
| MARKETAXESS CORPORATION | $2.8M | 7.98% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $2.7M | 7.91% |
| BARCLAYS CAPITAL INC. | $2.7M | 7.90% |
| WELLS FARGO SECURITIES, LLC | $1.8M | 5.14% |
| RBC CAPITAL MARKETS, LLC | $1.5M | 4.23% |
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.