HCASX Fees and Costs — The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
Data updated: 2026-02-27
The net expense ratio is 0.23%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $814 in broker commissions, 0.0004% of average net assets, and portfolio turnover was 16%.
HCASX Fees and Expenses
Annual operating expenses and sales charges of HCASX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.07% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 0.23% |
| Fee waiver | — |
| Net expense ratio | 0.23% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
HCASX Costs Over Time
On $10,000 invested in HCASX, assuming 5% a year before costs, total costs come to $146 over 5 years, cutting the return by 0.24% 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 0.23%) | $24 | $76 | $133 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $24 | $80 | $146 |
| Value after costs | $10,476 | $11,496 | $12,616 |
| Impact on return, per year | 0.24% | 0.24% | 0.24% |
HCASX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0004%
- Total broker commissions: $814
- Bought from dealers (principal trades, not a cost): $783.5M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
HCASX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $492 | 60.47% |
| Citigroup Global Markets Inc. | $322 | 39.53% |
HCASX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $155.8M | 20.14% |
| J.P. Morgan Securities LLC | $121.7M | 15.74% |
| Morgan Stanley & Co. LLC | $110.3M | 14.26% |
| Barclays Capital Inc. | $103.1M | 13.33% |
| BofA Securities, Inc. | $90.8M | 11.74% |
| Nomura Securities International, Inc. | $89.9M | 11.63% |
| Goldman Sachs & Co. LLC | $89.7M | 11.60% |
| Old Mutual Limited | $6.5M | 0.84% |
| Jane Street Capital, LLC | $3.5M | 0.45% |
| StoneX Financial Inc. | $2.2M | 0.28% |
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.