HIDDX Fees and Costs — Horizon Equity Premium Income Fund
Data updated: 2026-07-10
The net expense ratio is 0.98%: a 0.75% management fee plus 0.23% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $22K in broker commissions, 0.0172% of average net assets, and portfolio turnover was 10%.
HIDDX Fees and Expenses
Annual operating expenses and sales charges of HIDDX. Prospectus, as of July 10, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.98% |
| Fee waiver | — |
| Net expense ratio | 0.98% |
| 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 |
HIDDX Costs Over Time
On $10,000 invested in HIDDX, assuming 5% a year before costs, total costs come to $624 over 5 years, cutting the return by 1.05% 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 0.98%) | $103 | $321 | $557 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $343 | $624 |
| Value after costs | $10,395 | $11,233 | $12,139 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
HIDDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0172%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 10%
- Securities on loan, average value: $10K
- Net income from securities lending: $23 (0.000% of average net assets)
HIDDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $18K | 79.97% |
| STONEX FINANCIAL INC. | $4K | 18.96% |
| CREDIT SUISSE SECURITIES (USA) LLC | $236 | 1.07% |
Horizon Equity Premium Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HIDDX | C000173472 | 0.98% | — |
| HNDDX | Investor Class | 1.08% | — |
| HADUX | Advisor Class | 1.24% | — |
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.