HISAX Fees and Costs — Hancock Horizon International Small Cap Fund, Investor Class
Data updated: 2021-08-26
The net expense ratio is 1.50%: a 0.80% management fee plus 0.96% other expenses, less a 0.26% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $39K in broker commissions, 0.2500% of average net assets, and portfolio turnover was 58%.
HISAX Fees and Expenses
Annual operating expenses and sales charges of HISAX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.96% |
| Gross expense ratio | 1.76% |
| Fee waiver | −0.26% |
| Net expense ratio | 1.50% |
| 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 |
HISAX Costs Over Time
On $10,000 invested in HISAX, 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 1.50%) | $158 | $488 | $839 |
| Trading costs (broker commissions) | $26 | $81 | $140 |
| 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% |
HISAX 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): 0.2500%
- Total broker commissions: $39K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
HISAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES | $13K | 33.02% |
| INSTINET CLEARING SERVICES, INC. | $6K | 16.47% |
| ITGI | $6K | 15.30% |
| NORTH SOUTH CAPITAL | $5K | 13.62% |
| FIG PARTNERS | $3K | 7.90% |
| BTIG LLC | $2K | 5.99% |
| HSBC | $909 | 2.38% |
| CANTOR FITZGERALD & CO. | $722 | 1.89% |
| NORTHLAND SECURITIES | $697 | 1.83% |
| NORTH SQUARE BLUE OAK | $608 | 1.59% |
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.