HCXSX Fees and Costs — The U.S. Corporate Fixed Income Securities Portfolio
Data updated: 2026-02-27
The net expense ratio is 0.18%: a 0.08% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 70%.
HCXSX Fees and Expenses
Annual operating expenses and sales charges of HCXSX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | — |
| Other expenses | 0.10% |
| Gross expense ratio | 0.18% |
| Fee waiver | — |
| Net expense ratio | 0.18% |
| 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 |
HCXSX Costs Over Time
On $10,000 invested in HCXSX, assuming 5% a year before costs, total costs come to $115 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 0.18%) | $19 | $59 | $104 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $63 | $115 |
| Value after costs | $10,481 | $11,514 | $12,648 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
HCXSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0007%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $576.5M
- Portfolio turnover (prospectus): 70%
- Securities on loan, average value: $135K
- Net income from securities lending: $3K (0.001% of average net assets)
HCXSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1K | 59.99% |
| J.P. Morgan Securities LLC | $574 | 29.99% |
| Citigroup Global Markets Inc. | $192 | 10.02% |
HCXSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $221.6M | 40.57% |
| State Street Global Markets, LLC | $196.2M | 35.92% |
| Citadel Securities LLC | $35.0M | 6.40% |
| MarketAxess Corporation | $23.0M | 4.21% |
| Morgan Stanley & Co. LLC | $16.9M | 3.09% |
| Goldman Sachs & Co. LLC | $13.4M | 2.44% |
| BofA Securities, Inc. | $13.2M | 2.42% |
| Barclays Capital Inc. | $12.2M | 2.23% |
| J.P. Morgan Securities LLC | $8.8M | 1.62% |
| Citigroup Global Markets Inc. | $6.0M | 1.10% |
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.