HCIEX Fees and Costs — The International Equity Portfolio
Data updated: 2026-09-10
The net expense ratio is 0.21%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $81K in broker commissions, 0.0120% of average net assets, and portfolio turnover was 11%.
HCIEX Fees and Expenses
Annual operating expenses and sales charges of HCIEX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.07% |
| 12b-1 fee | — |
| Other expenses | 0.12% |
| Gross expense ratio | 0.21% |
| Fee waiver | — |
| Net expense ratio | 0.21% |
| 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 |
HCIEX Costs Over Time
On $10,000 invested in HCIEX, assuming 5% a year before costs, total costs come to $141 over 5 years, cutting the return by 0.23% 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 0.21%) | $22 | $69 | $121 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $23 | $77 | $141 |
| Value after costs | $10,477 | $11,499 | $12,622 |
| Impact on return, per year | 0.23% | 0.23% | 0.23% |
HCIEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0120%
- Total broker commissions: $81K
- Bought from dealers (principal trades, not a cost): $86.3M
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $257K
- Net income from securities lending: $59 (0.000% of average net assets)
HCIEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $33K | 40.46% |
| Citigroup Global Markets Inc. | $24K | 29.16% |
| HSBC Securities (USA) Inc. | $17K | 21.25% |
| Jefferies LLC | $5K | 6.77% |
| Instinet, LLC | $1K | 1.42% |
| Goldman Sachs & Co. LLC | $687 | 0.85% |
| Stifel, Nicolaus & Company, Incorporated | $83 | 0.10% |
HCIEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $86.3M | 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.