HBIIX Fees and Costs — HSBC Strategic Income Fund, Class I
Data updated: 2021-03-30
The net expense ratio is 0.70%: a 0.65% management fee plus 1.76% other expenses, less a 1.71% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 104%.
HBIIX Fees and Expenses
Annual operating expenses and sales charges of HBIIX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 1.76% |
| Gross expense ratio | 2.41% |
| Fee waiver | −1.71% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
HBIIX Costs Over Time
On $10,000 invested in HBIIX, assuming 5% a year before costs, total costs come to $440 over 5 years, cutting the return by 0.73% 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 0.70%) | $74 | $230 | $400 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $440 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
HBIIX 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
HBIIX 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.