HCCEX Fees and Costs — The Small Capitalization-Mid Capitalization Equity Portfolio, HC Strategic Shares
Data updated: 2024-05-28
The net expense ratio is 0.26%: a 0.09% management fee plus 0.17% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $58K in broker commissions, 0.0792% of average net assets, and portfolio turnover was 81%.
HCCEX Fees and Expenses
Annual operating expenses and sales charges of HCCEX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.09% |
| 12b-1 fee | — |
| Other expenses | 0.17% |
| Gross expense ratio | 0.26% |
| Fee waiver | — |
| Net expense ratio | 0.26% |
| 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 |
HCCEX Costs Over Time
On $10,000 invested in HCCEX, assuming 5% a year before costs, total costs come to $215 over 5 years, cutting the return by 0.36% 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 0.26%) | $27 | $86 | $150 |
| Trading costs (broker commissions) | $8 | $26 | $46 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $36 | $117 | $215 |
| Value after costs | $10,464 | $11,459 | $12,548 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
HCCEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0792%
- Total broker commissions: $58K
- Bought from dealers (principal trades, not a cost): $19.7M
- Portfolio turnover (prospectus): 81%
- Securities on loan, average value: $923K
- Net income from securities lending: $114K (0.156% of average net assets)
HCCEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Jaffray & Co. | $21K | 36.59% |
| RBC Capital Markets, LLC | $18K | 30.51% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $7K | 12.26% |
| BRIGHTON SECURITIES | $7K | 11.28% |
| Jefferies LLC | $5K | 8.69% |
| Goldman Sachs & Co. LLC | $331 | 0.57% |
| Instinet, LLC | $28 | 0.05% |
| Jane Street Capital, LLC | $20 | 0.03% |
| Citigroup Global Markets Inc. | $4 | 0.01% |
| UBS Securities LLC | $4 | 0.01% |
HCCEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $19.7M | 100.00% |
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.