HJIRX Fees and Costs — Hardman Johnston International Growth Fund, Retail Shares
Data updated: 2026-09-28
The net expense ratio is 1.25%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.55% other expenses, less a 0.55% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $208K in broker commissions, 0.2522% of average net assets, and portfolio turnover was 81%.
HJIRX Fees and Expenses
Annual operating expenses and sales charges of HJIRX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.80% |
| Fee waiver | −0.55% |
| Net expense ratio | 1.25% |
| 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 |
HJIRX Costs Over Time
On $10,000 invested in HJIRX, assuming 5% a year before costs, total costs come to $930 over 5 years, cutting the return by 1.58% 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 1.25%) | $131 | $407 | $703 |
| Trading costs (broker commissions) | $26 | $82 | $142 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $158 | $514 | $930 |
| Value after costs | $10,342 | $11,062 | $11,833 |
| Impact on return, per year | 1.58% | 1.58% | 1.58% |
HJIRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2522%
- Total broker commissions: $208K
- Bought from dealers (principal trades, not a cost): $218.7M
- Portfolio turnover (prospectus): 81%
- Securities lending: none during the year
HJIRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $43K | 27.00% |
| GOLDMAN SACHS & CO. LLC | $24K | 14.78% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $17K | 10.90% |
| PERSHING LLC | $14K | 8.70% |
| INSTINET LLC | $14K | 8.62% |
| BERENBERG CAPITAL MARKETS LLC | $14K | 8.51% |
| UBS ASSET MANAGEMENT (US) INC. | $9K | 5.95% |
| SG AMERICAS SECURITIES LLC | $9K | 5.70% |
| CITIGROUP GLOBAL MARKETS INC. | $8K | 5.01% |
| J.P. MORGAN SECURITIES LLC | $8K | 4.82% |
HJIRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $2.5M | 96.76% |
| J.P. MORGAN SECURITIES LLC | $84K | 3.24% |
Hardman Johnston International Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HJIGX | Institutional Shares | 1.00% | — |
| HJIRX | Retail Shares | 1.25% | — |
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.