HCVEX Fees and Costs — The Value Equity Portfolio, HC Strategic Shares
Data updated: 2024-05-28
The net expense ratio is 0.17%: a 0.08% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $13K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 5%.
HCVEX Fees and Expenses
Annual operating expenses and sales charges of HCVEX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| 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 |
HCVEX Costs Over Time
On $10,000 invested in HCVEX, assuming 5% a year before costs, total costs come to $110 over 5 years, cutting the return by 0.18% 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) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $18 | $60 | $110 |
| Value after costs | $10,482 | $11,517 | $12,653 |
| Impact on return, per year | 0.18% | 0.18% | 0.18% |
HCVEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0022%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $84.1M
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $91K
- Net income from securities lending: $6K (0.001% of average net assets)
HCVEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $4K | 30.30% |
| Piper Jaffray & Co. | $4K | 28.99% |
| BRIGHTON SECURITIES | $3K | 24.10% |
| Jefferies LLC | $2K | 12.44% |
| Goldman Sachs & Co. LLC | $378 | 2.81% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $106 | 0.79% |
| J.P. Morgan Securities LLC | $64 | 0.48% |
| UBS Securities LLC | $12 | 0.09% |
HCVEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $84.1M | 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.