HCMQX Fees and Costs — HCM Sector Plus Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 1.72%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $292K in broker commissions, 0.0152% of average net assets, and portfolio turnover was 226%.
HCMQX Fees and Expenses
Annual operating expenses and sales charges of HCMQX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.72% |
| Fee waiver | — |
| Net expense ratio | 1.72% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
HCMQX Costs Over Time
On $10,000 invested in HCMQX, assuming 5% a year before costs, total costs come to $1,070 over 5 years, cutting the return by 1.82% 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 1.72%) | $181 | $559 | $962 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $182 | $592 | $1,070 |
| Value after costs | $10,318 | $10,984 | $11,693 |
| Impact on return, per year | 1.82% | 1.82% | 1.82% |
HCMQX 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): 0.0152%
- Total broker commissions: $292K
- Bought from dealers (principal trades, not a cost): $50.9M
- Portfolio turnover (prospectus): 226%
- Securities lending: none during the year
HCMQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group, Inc. | $199K | 68.30% |
| Wallachbeth Capital, LLC | $92K | 31.70% |
HCMQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $50.0M | 98.20% |
| Credit Suisse Securities (USA) LLC | $916K | 1.80% |
HCM Sector Plus Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HCMQX | Class I | 1.72% | none |
| HCMZX | Class R | 1.86% | none |
| HCMNX | Class A | 1.97% | 5.75% |
| HCMWX | Class A1 | 2.12% | 5.75% |
| HCMPX | Investor Class | 2.72% | none |
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.