HHLCX Fees and Costs — Hancock Horizon Louisiana Tax-Free Income Fund, Class C
Data updated: 2021-08-26
The net expense ratio is 1.75%: a 0.60% management fee, a 0.75% 12b-1 fee plus 1.17% other expenses, less a 0.77% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 8%.
HHLCX Fees and Expenses
Annual operating expenses and sales charges of HHLCX. Prospectus, as of May 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.75% |
| Other expenses | 1.17% |
| Gross expense ratio | 2.52% |
| Fee waiver | −0.77% |
| Net expense ratio | 1.75% |
| 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 | Yes |
HHLCX Costs Over Time
On $10,000 invested in HHLCX, assuming 5% a year before costs, total costs come to $1,078 over 5 years, cutting the return by 1.84% 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 1.75%) | $184 | $569 | $979 |
| Lost growth on money paid in costs | $0 | $28 | $100 |
| Total costs | $184 | $597 | $1,078 |
| Value after costs | $10,316 | $10,979 | $11,684 |
| Impact on return, per year | 1.84% | 1.84% | 1.84% |
HHLCX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $799K
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
HHLCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| B. RILEY | $330K | 41.28% |
| RAYMOND JAMES | $285K | 35.68% |
| U.S. BANK | $184K | 23.04% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.