HNFIX Fees and Costs — Harbor Focused International Fund, Investor Class
Data updated: 2022-06-29
The net expense ratio is 1.21%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.45% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $17K in broker commissions, 0.0369% of average net assets, and portfolio turnover was 46%.
HNFIX Fees and Expenses
Annual operating expenses and sales charges of HNFIX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.45% |
| Fee waiver | −0.24% |
| Net expense ratio | 1.21% |
| 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 |
HNFIX Costs Over Time
On $10,000 invested in HNFIX, assuming 5% a year before costs, total costs come to $776 over 5 years, cutting the return by 1.31% 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 1.21%) | $127 | $395 | $684 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $131 | $428 | $776 |
| Value after costs | $10,369 | $11,149 | $11,987 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
HNFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0369%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $0
- Net income from securities lending: $1K (0.002% of average net assets)
HNFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $2K | 17.21% |
| UBS Securities LLC | $2K | 14.89% |
| Citigroup Global Markets Inc. | $2K | 14.38% |
| CLSA Americas, LLC | $2K | 13.20% |
| BofA Securities, Inc. | $2K | 10.64% |
| Sanford C. Bernstein & Co., LLC | $1K | 7.71% |
| J.P. Morgan Securities LLC | $935 | 6.47% |
| Barclays Capital Inc. | $754 | 5.21% |
| SMBC Nikko Securities America, Inc. | $746 | 5.16% |
| Jefferies LLC | $740 | 5.12% |
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.