HDPBX Fees and Costs — Hodges Blue Chip Equity Income Fund, Retail Class
Data updated: 2023-08-29
The net expense ratio is 1.30%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.64% other expenses, less a 0.24% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2023 the fund paid $8K in broker commissions, 0.0305% of average net assets, and portfolio turnover was 53%.
HDPBX Fees and Expenses
Annual operating expenses and sales charges of HDPBX. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.64% |
| Gross expense ratio | 1.54% |
| Fee waiver | −0.24% |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
HDPBX Costs Over Time
On $10,000 invested in HDPBX, assuming 5% a year before costs, total costs come to $827 over 5 years, cutting the return by 1.40% 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 1.30%) | $136 | $424 | $733 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $456 | $827 |
| Value after costs | $10,360 | $11,120 | $11,936 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
HDPBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0305%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
HDPBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| FIRST DALLAS SECURITIES, INC. | $4K | 50.11% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $4K | 49.89% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.