HCMWX Fees and Costs — HCM Sector Plus Fund, Class A1
Data updated: 2026-09-11
The net expense ratio is 2.12%. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2026 the fund paid $292K in broker commissions, 0.0152% of average net assets, and portfolio turnover was 226%.
HCMWX Fees and Expenses
Annual operating expenses and sales charges of HCMWX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.40% |
| Other expenses | 0.11% |
| Gross expense ratio | 2.12% |
| Fee waiver | — |
| Net expense ratio | 2.12% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
HCMWX Costs Over Time
On $10,000 invested in HCMWX, assuming 5% a year before costs, total costs come to $1,964 over 5 years, cutting the return by 3.45% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 2.12%) | $210 | $647 | $1,108 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $29 | $123 | $273 |
| Total costs | $815 | $1,350 | $1,964 |
| Value after costs | $9,685 | $10,227 | $10,798 |
| Impact on return, per year | 8.15% | 4.25% | 3.45% |
HCMWX 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
HCMWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group, Inc. | $199K | 68.30% |
| Wallachbeth Capital, LLC | $92K | 31.70% |
HCMWX 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.