HLRGX Fees and Costs — Global Equity Research Portfolio, Institutional Class
Data updated: 2024-03-27
The net expense ratio is 0.80%: a 0.70% management fee plus 1.12% other expenses, less a 1.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0325% of average net assets, and portfolio turnover was 34%.
HLRGX Fees and Expenses
Annual operating expenses and sales charges of HLRGX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.12% |
| Gross expense ratio | 1.82% |
| Fee waiver | −1.02% |
| 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 |
HLRGX Costs Over Time
On $10,000 invested in HLRGX, assuming 5% a year before costs, total costs come to $522 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 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $87 | $287 | $522 |
| Value after costs | $10,413 | $11,290 | $12,240 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
HLRGX 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): 0.0325%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
HLRGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $690 | 27.77% |
| Jefferies LLC | $537 | 21.61% |
| HSBC Securities (USA) Inc. | $359 | 14.45% |
| CLSA Americas, LLC | $213 | 8.57% |
| Sanford C. Bernstein & Co., LLC | $177 | 7.12% |
| Credit Suisse Securities (USA) LLC | $161 | 6.48% |
| Macquarie Capital (USA) Inc. | $154 | 6.20% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $75 | 3.02% |
| Redburn (USA) LLC | $72 | 2.90% |
| XTELLUS CAPITAL PARTNERS, INC. | $47 | 1.89% |
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.