HLIDX Fees and Costs — International Developed Markets Equity Portfolio, Institutional Class
Data updated: 2026-06-25
The net expense ratio is 0.80%: a 0.70% management fee plus 0.27% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $46K in broker commissions, 0.0467% of average net assets, and portfolio turnover was 28%.
HLIDX Fees and Expenses
Annual operating expenses and sales charges of HLIDX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 0.97% |
| Fee waiver | −0.17% |
| 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 |
HLIDX Costs Over Time
On $10,000 invested in HLIDX, assuming 5% a year before costs, total costs come to $531 over 5 years, cutting the return by 0.89% 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) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $292 | $531 |
| Value after costs | $10,411 | $11,285 | $12,232 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
HLIDX 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): 0.0467%
- Total broker commissions: $46K
- Bought from dealers (principal trades, not a cost): $55.5M
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
HLIDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $8K | 21.76% |
| Jefferies LLC | $8K | 21.62% |
| Sanford C. Bernstein & Co., LLC | $4K | 9.89% |
| Redburn (USA) LLC | $4K | 9.72% |
| MORGAN STANLEY | $3K | 7.98% |
| KEEFE, BRUYETTE & WOODS, INC. | $3K | 7.38% |
| MIZUHO SECURITIES USA LLC | $3K | 6.98% |
| Daiwa Capital Markets America Inc. | $2K | 5.85% |
| JP Morgan Securities LLC | $2K | 5.34% |
| LIQUIDNET, INC. | $1K | 3.49% |
HLIDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $55.5M | 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.