HITIX Fees and Costs — Hartford Schroders Securitized Income Fund, Class I
Data updated: 2023-03-30
The net expense ratio is 0.60%: a 0.40% management fee plus 0.24% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $7K in broker commissions, 0.0071% of average net assets, and portfolio turnover was 71%.
HITIX Fees and Expenses
Annual operating expenses and sales charges of HITIX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 0.64% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
HITIX Costs Over Time
On $10,000 invested in HITIX, assuming 5% a year before costs, total costs come to $383 over 5 years, cutting the return by 0.64% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $210 | $383 |
| Value after costs | $10,436 | $11,367 | $12,380 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
HITIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0071%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $358.1M
- Portfolio turnover (prospectus): 71%
- Securities lending: none during the year
HITIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $7K | 100.00% |
HITIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $168.5M | 49.50% |
| Morgan Stanley & Co. LLC | $77.1M | 22.65% |
| J.P. Morgan Securities LLC | $31.1M | 9.14% |
| BofA Securities, Inc. | $16.4M | 4.82% |
| Wells Fargo Securities, LLC | $16.0M | 4.70% |
| Goldman Sachs & Co. LLC | $10.0M | 2.93% |
| Citigroup Global Markets Inc. | $9.1M | 2.68% |
| Pershing LLC | $5.0M | 1.46% |
| Citadel Securities LLC | $3.6M | 1.06% |
| BNP Paribas Securities Corp. | $3.6M | 1.05% |
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.