HBYIX Fees and Costs — HSBC High Yield Fund, Class I
Data updated: 2021-03-30
The net expense ratio is 0.58% (2.25% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 76%.
HBYIX Fees and Expenses
Annual operating expenses and sales charges of HBYIX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 1.57% |
| Gross expense ratio | 2.25% |
| Fee waiver | −1.67% |
| Net expense ratio | 0.58% |
| 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 |
HBYIX Costs Over Time
On $10,000 invested in HBYIX, assuming 5% a year before costs, total costs come to $366 over 5 years, cutting the return by 0.61% 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 0.58%) | $61 | $191 | $332 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $200 | $366 |
| Value after costs | $10,439 | $11,376 | $12,397 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
HBYIX 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): $40.7M
- Portfolio turnover (prospectus): 76%
- Securities lending: none during the year
HBYIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $9.4M | 27.68% |
| BARCLAYS CAPITAL INC. | $4.3M | 12.63% |
| CREDIT SUISSE SECURITIES (USA) LLC | $4.0M | 11.86% |
| CITIGROUP GLOBAL MARKETS INC. | $3.8M | 11.02% |
| GOLDMAN SACHS & CO. LLC | $3.2M | 9.32% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $2.8M | 8.19% |
| ROBERT W. BAIRD & CO. | $1.9M | 5.51% |
| MORGAN STANLEY & CO. LLC | $1.8M | 5.39% |
| WELLS FARGO SECURITIES, LLC | $1.6M | 4.81% |
| CANTOR FITZGERALD & CO. | $1.2M | 3.59% |
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.