HMVIX Fees and Costs — Hartford Midcap Value Hls Fund, Class IA
Data updated: 2020-08-25
The net expense ratio is 0.86%: a 0.80% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $138K in broker commissions, 0.0449% of average net assets, and portfolio turnover was 51%.
HMVIX Fees and Expenses
Annual operating expenses and sales charges of HMVIX. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
HMVIX Costs Over Time
On $10,000 invested in HMVIX, assuming 5% a year before costs, total costs come to $567 over 5 years, cutting the return by 0.95% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $95 | $311 | $567 |
| Value after costs | $10,405 | $11,265 | $12,196 |
| Impact on return, per year | 0.95% | 0.95% | 0.95% |
HMVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0449%
- Total broker commissions: $138K
- Bought from dealers (principal trades, not a cost): $143.3M
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $2.9M
- Net income from securities lending: $9K (0.003% of average net assets)
HMVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $16K | 19.92% |
| Jefferies LLC | $14K | 16.85% |
| J.P. Morgan Securities LLC | $9K | 11.22% |
| Goldman Sachs & Co. LLC | $8K | 10.32% |
| Societe Generale | $6K | 7.64% |
| UBS Securities LLC | $6K | 7.53% |
| Piper Jaffray & Co. | $6K | 7.44% |
| Credit Suisse Securities (USA) LLC | $6K | 7.41% |
| Citigroup Global Markets Inc. | $5K | 6.41% |
| Wells Fargo Securities, LLC | $4K | 5.26% |
HMVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $131.5M | 91.79% |
| Morgan Stanley & Co. LLC | $9.4M | 6.56% |
| Goldman Sachs & Co. LLC | $2.2M | 1.54% |
| Credit Suisse Securities (USA) LLC | $154K | 0.11% |
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.