HHDAX Fees and Costs — Hancock Horizon Diversified International Fund, Investor Class
Data updated: 2021-08-26
The net expense ratio is 1.59%: a 0.81% management fee plus 0.78% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $211K in broker commissions, 0.1109% of average net assets, and portfolio turnover was 30%.
HHDAX Fees and Expenses
Annual operating expenses and sales charges of HHDAX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | — |
| Other expenses | 0.78% |
| Gross expense ratio | 1.59% |
| Fee waiver | — |
| Net expense ratio | 1.59% |
| 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 |
HHDAX Costs Over Time
On $10,000 invested in HHDAX, assuming 5% a year before costs, total costs come to $1,049 over 5 years, cutting the return by 1.79% 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 1.59%) | $167 | $517 | $890 |
| Trading costs (broker commissions) | $12 | $36 | $62 |
| Lost growth on money paid in costs | $0 | $28 | $97 |
| Total costs | $179 | $581 | $1,049 |
| Value after costs | $10,321 | $10,996 | $11,714 |
| Impact on return, per year | 1.79% | 1.79% | 1.79% |
HHDAX 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): 0.1109%
- Total broker commissions: $211K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
HHDAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO, INC | $44K | 27.67% |
| JONES & ASSOCIATES | $38K | 24.12% |
| JEFFERIES LLC | $23K | 14.66% |
| BNY ESI & CO. INC | $11K | 6.97% |
| MERRILL LYNCH | $9K | 5.67% |
| BERENBERG | $9K | 5.38% |
| BANK OF AMERICA SECURITIES LLC | $8K | 5.18% |
| JP MORGAN SECURITIES | $6K | 3.65% |
| CSFB | $6K | 3.62% |
| VIRTU FINANCIAL BD LLC | $5K | 3.07% |
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.