HHQAX Fees and Costs — Hancock Horizon Quantitative Long/Short Fund, Investor Class
Data updated: 2021-08-26
The net expense ratio is 1.66%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $145K in broker commissions, 0.1511% of average net assets, and portfolio turnover was 74%.
HHQAX Fees and Expenses
Annual operating expenses and sales charges of HHQAX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.81% |
| Gross expense ratio | 1.66% |
| Fee waiver | — |
| Net expense ratio | 1.66% |
| 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 |
HHQAX Costs Over Time
On $10,000 invested in HHQAX, assuming 5% a year before costs, total costs come to $1,115 over 5 years, cutting the return by 1.90% 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 1.66%) | $174 | $539 | $927 |
| Trading costs (broker commissions) | $16 | $49 | $84 |
| Lost growth on money paid in costs | $0 | $29 | $103 |
| Total costs | $190 | $618 | $1,115 |
| Value after costs | $10,310 | $10,959 | $11,648 |
| Impact on return, per year | 1.90% | 1.90% | 1.90% |
HHQAX 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): 0.1511%
- Total broker commissions: $145K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
HHQAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ITGI | $127K | 87.89% |
| SOCIETE GENERALE | $18K | 12.11% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.