HLIRX Fees and Costs — International Equity Research Portfolio, Institutional Class
Data updated: 2024-03-27
The net expense ratio is 0.75%: a 0.70% management fee plus 0.75% other expenses, less a 0.70% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $6K in broker commissions, 0.0507% of average net assets, and portfolio turnover was 33%.
HLIRX Fees and Expenses
Annual operating expenses and sales charges of HLIRX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.75% |
| Gross expense ratio | 1.45% |
| Fee waiver | −0.70% |
| Net expense ratio | 0.75% |
| 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 |
HLIRX Costs Over Time
On $10,000 invested in HLIRX, assuming 5% a year before costs, total costs come to $503 over 5 years, cutting the return by 0.84% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $276 | $503 |
| Value after costs | $10,416 | $11,300 | $12,260 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
HLIRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0507%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
HLIRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $1K | 24.98% |
| Jefferies LLC | $1K | 21.47% |
| HSBC Securities (USA) Inc. | $1K | 19.14% |
| CLSA Americas, LLC | $571 | 9.69% |
| Macquarie Capital (USA) Inc. | $443 | 7.52% |
| Sanford C. Bernstein & Co., LLC | $441 | 7.48% |
| Redburn (USA) LLC | $188 | 3.19% |
| Morgan Stanley | $153 | 2.60% |
| Credit Suisse Securities (USA) LLC | $144 | 2.44% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $87 | 1.48% |
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.