HLCTX Fees and Costs — International Carbon Transition Equity Portfolio, Institutional Class
Data updated: 2025-03-27
The net expense ratio is 0.80%: a 0.70% management fee plus 8.50% other expenses, less a 8.40% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $663 in broker commissions, 0.0306% of average net assets, and portfolio turnover was 20%.
HLCTX Fees and Expenses
Annual operating expenses and sales charges of HLCTX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 8.50% |
| Gross expense ratio | 9.20% |
| Fee waiver | −8.40% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
HLCTX Costs Over Time
On $10,000 invested in HLCTX, assuming 5% a year before costs, total costs come to $521 over 5 years, cutting the return by 0.87% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $13 | $48 |
| Total costs | $87 | $286 | $521 |
| Value after costs | $10,413 | $11,290 | $12,242 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
HLCTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0306%
- Total broker commissions: $663
- Bought from dealers (principal trades, not a cost): $671K
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
HLCTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $172 | 28.34% |
| CLSA Americas, LLC | $103 | 16.97% |
| Jefferies LLC | $72 | 11.86% |
| Sanford C. Bernstein & Co., LLC | $57 | 9.39% |
| Redburn (USA) LLC | $49 | 8.07% |
| Daiwa Capital Markets America Inc. | $43 | 7.08% |
| HSBC Securities (USA) Inc. | $34 | 5.60% |
| Morgan Stanley | $29 | 4.78% |
| Macquarie Capital (USA) Inc. | $27 | 4.45% |
| KEEFE, BRUYETTE & WOODS, INC. | $21 | 3.46% |
HLCTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NORTHERN INSTITUTIONAL TREASURY PORTFOLIO | $671K | 100.00% |
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.