HCIMX Fees and Costs — The Intermediate Term Municipal Bond Portfolio
Data updated: 2026-09-10
The net expense ratio is 0.48%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $31K in broker commissions, 0.0055% of average net assets, and portfolio turnover was 29%.
HCIMX Fees and Expenses
Annual operating expenses and sales charges of HCIMX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.48% |
| Fee waiver | — |
| Net expense ratio | 0.48% |
| 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 |
HCIMX Costs Over Time
On $10,000 invested in HCIMX, assuming 5% a year before costs, total costs come to $307 over 5 years, cutting the return by 0.51% 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 0.48%) | $50 | $158 | $276 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $168 | $307 |
| Value after costs | $10,449 | $11,408 | $12,456 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
HCIMX 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): 0.0055%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $414.8M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
HCIMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JonesTrading Institutional Services LLC | $21K | 66.62% |
| Wallachbeth Capital LLC | $6K | 17.92% |
| Piper Sandler & Co. | $4K | 12.04% |
| Capital Institutional Services, Inc. | $1K | 3.41% |
HCIMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $249.2M | 64.41% |
| Wells Fargo Securities, LLC | $25.0M | 6.46% |
| Morgan Stanley & Co. LLC | $24.2M | 6.25% |
| BofA Securities, Inc. | $20.8M | 5.37% |
| J.P. Morgan Securities LLC | $20.0M | 5.18% |
| Pershing LLC | $12.9M | 3.34% |
| RBC Capital Markets, LLC | $12.0M | 3.10% |
| Goldman Sachs & Co. LLC | $9.3M | 2.40% |
| Jefferies LLC | $6.8M | 1.75% |
| Mesirow Financial, Inc. | $6.7M | 1.74% |
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.