HGGIX Fees and Costs — Harbor Global Leaders Fund, Investor Class
Data updated: 2023-09-29
The net expense ratio is 1.22%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.36% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $21K in broker commissions, 0.0231% of average net assets, and portfolio turnover was 29%.
HGGIX Fees and Expenses
Annual operating expenses and sales charges of HGGIX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.36% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.22% |
| 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 |
HGGIX Costs Over Time
On $10,000 invested in HGGIX, assuming 5% a year before costs, total costs come to $774 over 5 years, cutting the return by 1.31% 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 1.22%) | $128 | $399 | $690 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $131 | $426 | $774 |
| Value after costs | $10,369 | $11,150 | $11,989 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
HGGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0231%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $773K
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
HGGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $2K | 13.37% |
| Sanford C. Bernstein & Co., LLC | $2K | 12.49% |
| Morgan Stanley & Co. LLC | $2K | 12.31% |
| Fidelity Brokerage Services LLC | $2K | 11.84% |
| Credit Suisse Securities (USA) LLC | $2K | 10.86% |
| Piper Sandler & Co. | $2K | 10.33% |
| CLSA Americas, LLC | $1K | 8.41% |
| J.P. Morgan Securities LLC | $1K | 8.12% |
| Barclays Capital Inc. | $1K | 7.08% |
| BofA Securities, Inc. | $899 | 5.20% |
HGGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $519K | 67.17% |
| BofA Securities, Inc. | $254K | 32.83% |
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.