HCBSX Fees and Costs — The Intermediate Term Municipal Bond II Portfolio, HC Strategic Shares
Data updated: 2023-07-05
The net expense ratio is 0.69%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $7K in broker commissions, 0.0089% of average net assets, and portfolio turnover was 22%.
HCBSX Fees and Expenses
Annual operating expenses and sales charges of HCBSX. Prospectus, as of June 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | — |
| Other expenses | 0.13% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
HCBSX Costs Over Time
On $10,000 invested in HCBSX, 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 0.69%) | $72 | $227 | $395 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $241 | $440 |
| Value after costs | $10,427 | $11,335 | $12,323 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
HCBSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0089%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $568.7M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
HCBSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JonesTrading Institutional Services LLc | $6K | 81.26% |
| Piper Jaffray & Co. | $661 | 9.64% |
| Wallachbeth Capital LLC | $624 | 9.10% |
HCBSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $510.6M | 93.91% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $6.0M | 1.11% |
| Siebert Williams Shank & Co., LLC | $5.3M | 0.98% |
| Piper Jaffray & Co. | $3.7M | 0.69% |
| Barclays Capital Inc. | $3.7M | 0.68% |
| Wells Fargo Securities, LLC | $3.5M | 0.63% |
| Seaport Securities Corp. | $3.1M | 0.56% |
| Fifth Third Bank, National Association | $3.0M | 0.55% |
| Mesirow Financial, Inc. | $2.5M | 0.45% |
| Fidelity Capital Markets | $2.3M | 0.42% |
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.