HDACX Fees and Costs — Hancock Horizon Dynamic Asset Allocation Fund, Class C
Data updated: 2021-08-26
The net expense ratio is 2.73% (3.46% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $45K in broker commissions, 0.2846% of average net assets, and portfolio turnover was 131%.
HDACX Fees and Expenses
Annual operating expenses and sales charges of HDACX. Prospectus, as of May 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.75% |
| Other expenses | 1.68% |
| Gross expense ratio | 3.46% |
| Fee waiver | −0.73% |
| Net expense ratio | 2.73% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
HDACX Costs Over Time
On $10,000 invested in HDACX, assuming 5% a year before costs, total costs come to $1,811 over 5 years, cutting the return by 3.17% 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 2.73%) | $287 | $876 | $1,487 |
| Trading costs (broker commissions) | $30 | $91 | $155 |
| Lost growth on money paid in costs | $0 | $49 | $169 |
| Total costs | $317 | $1,016 | $1,811 |
| Value after costs | $10,183 | $10,561 | $10,952 |
| Impact on return, per year | 3.17% | 3.17% | 3.17% |
HDACX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.2846%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 131%
- Securities lending: none during the year
HDACX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ITGI | $45K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.