HFXJ Fees and Costs — IQ 50 Percent Hedged FTSE Japan ETF
Data updated: 2020-09-28
The net expense ratio is 0.30%: a 0.45% management fee plus 0.01% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $548 in broker commissions, 0.0099% of average net assets, and portfolio turnover was 7%.
HFXJ Fees and Expenses
Annual operating expenses and sales charges of HFXJ. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.46% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
HFXJ Costs Over Time
On $10,000 invested in HFXJ, assuming 5% a year before costs, total costs come to $197 over 5 years, cutting the return by 0.33% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $107 | $197 |
| Value after costs | $10,467 | $11,469 | $12,566 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
HFXJ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0099%
- Total broker commissions: $548
- Bought from dealers (principal trades, not a cost): $11.8M
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $534K
- Net income from securities lending: $626 (0.011% of average net assets)
HFXJ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $204 | 37.28% |
| CitiGroup Global Markets Inc. | $179 | 32.74% |
| INSTINET, LLC | $164 | 29.98% |
HFXJ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $6.9M | 58.05% |
| J.P. Morgan Securities LLC | $5.0M | 41.95% |
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.