HCIGX Fees and Costs — The Institutional U.S. Equity Portfolio
Data updated: 2026-09-10
The net expense ratio is 0.17%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $290K in broker commissions, 0.0097% of average net assets, and portfolio turnover was 62%.
HCIGX Fees and Expenses
Annual operating expenses and sales charges of HCIGX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.07% |
| 12b-1 fee | — |
| Other expenses | 0.08% |
| Gross expense ratio | 0.17% |
| Fee waiver | — |
| Net expense ratio | 0.17% |
| 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 |
HCIGX Costs Over Time
On $10,000 invested in HCIGX, assuming 5% a year before costs, total costs come to $114 over 5 years, cutting the return by 0.19% 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 0.17%) | $18 | $56 | $98 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $62 | $114 |
| Value after costs | $10,481 | $11,514 | $12,649 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
HCIGX 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): 0.0097%
- Total broker commissions: $290K
- Bought from dealers (principal trades, not a cost): $1.7B
- Portfolio turnover (prospectus): 62%
- Securities on loan, average value: $231K
- Net income from securities lending: $3K (0.000% of average net assets)
HCIGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $112K | 45.64% |
| Goldman Sachs & Co. LLC | $38K | 15.32% |
| Instinet, LLC | $24K | 9.76% |
| Evercore Group L.L.C. | $14K | 5.74% |
| Jefferies LLC | $13K | 5.12% |
| Citadel Securities LLC | $12K | 5.00% |
| Wells Fargo Securities, LLC | $10K | 4.03% |
| RBC Capital Markets, LLC | $9K | 3.47% |
| J.P. Morgan Securities LLC | $8K | 3.15% |
| UBS Securities LLC | $7K | 2.78% |
HCIGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $1.5B | 84.81% |
| BNP Paribas Securities Corp. | $104.1M | 5.99% |
| BofA Securities, Inc. | $91.6M | 5.27% |
| Citigroup Global Markets Inc. | $36.1M | 2.08% |
| Jane Street Capital, LLC | $26.7M | 1.54% |
| UBS Securities LLC | $4.2M | 0.24% |
| Goldman Sachs & Co. LLC | $619K | 0.04% |
| Barclays Capital Inc. | $513K | 0.03% |
| J.P. Morgan Securities LLC | $70K | 0.00% |
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.