HICOX Fees and Costs — Colorado BondShares A Tax-Exempt Fund
Data updated: 2026-08-28
The net expense ratio is 0.59%: a 0.50% management fee plus 0.09% other expenses. This share class carries a maximum front-end sales load of 4.75%. Portfolio turnover was 5%.
HICOX Fees and Expenses
Annual operating expenses and sales charges of HICOX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
HICOX Costs Over Time
On $10,000 invested in HICOX, assuming 5% a year before costs, total costs come to $961 over 5 years, cutting the return by 1.63% 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 |
| Sales charges | $475 | $475 | $475 |
| Fund expenses (net expense ratio 0.59%) | $59 | $185 | $322 |
| Lost growth on money paid in costs | $24 | $84 | $164 |
| Total costs | $558 | $744 | $961 |
| Value after costs | $9,942 | $10,832 | $11,802 |
| Impact on return, per year | 5.58% | 2.30% | 1.63% |
HICOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $195.7M
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
HICOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| D.A. Davidson & Co. | $102.8M | 52.52% |
| Piper Sandler & CO. | $92.9M | 47.48% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.