HLXCX Fees and Costs — Emerging Markets Ex China Portfolio, Institutional Class
Data updated: 2026-01-13
The net expense ratio is 1.06%: a 0.85% management fee plus 3.09% other expenses, less a 2.89% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.1001% of average net assets, and portfolio turnover was 42%.
HLXCX Fees and Expenses
Annual operating expenses and sales charges of HLXCX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.09% |
| Gross expense ratio | 3.95% |
| Fee waiver | −2.89% |
| Net expense ratio | 1.06% |
| 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 |
HLXCX Costs Over Time
On $10,000 invested in HLXCX, assuming 5% a year before costs, total costs come to $723 over 5 years, cutting the return by 1.22% 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 1.06%) | $111 | $347 | $600 |
| Trading costs (broker commissions) | $11 | $33 | $57 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $122 | $398 | $723 |
| Value after costs | $10,378 | $11,178 | $12,039 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
HLXCX 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): 0.1001%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $4.4M
- Portfolio turnover (prospectus): 42%
- Securities lending: none during the year
HLXCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $2K | 58.90% |
| JP Morgan Securities LLC | $455 | 12.98% |
| CLSA Americas, LLC | $436 | 12.44% |
| Auerbach Grayson & Co., Inc. | $268 | 7.64% |
| Sanford C. Bernstein & Co., LLC | $240 | 6.85% |
| Redburn (USA) LLC | $30 | 0.86% |
| Jefferies LLC | $9 | 0.26% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $2 | 0.06% |
| UBS Securities LLC | $1 | 0.03% |
HLXCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $4.4M | 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.