HOIBX Fees and Costs — Intermediate Bond Fund
Data updated: 2026-08-04
The net expense ratio is 0.80%: a 0.60% management fee plus 0.26% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 183%.
HOIBX Fees and Expenses
Annual operating expenses and sales charges of HOIBX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.26% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
HOIBX Costs Over Time
On $10,000 invested in HOIBX, assuming 5% a year before costs, total costs come to $502 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 0.80%) | $84 | $263 | $456 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $276 | $502 |
| Value after costs | $10,416 | $11,301 | $12,260 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
HOIBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $615.8M
- Portfolio turnover (prospectus): 183%
- Securities lending: none during the year
HOIBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $128.5M | 21.97% |
| Wells Fargo Securities, LLC | $122.0M | 20.86% |
| BofA Securities, Inc. | $76.6M | 13.10% |
| Goldman Sachs & Co. LLC | $70.7M | 12.08% |
| J.P. Morgan Securities LLC | $63.9M | 10.92% |
| Barclays Capital Inc. | $38.8M | 6.63% |
| Morgan Stanley & Co. LLC | $38.1M | 6.52% |
| Citigroup Global Markets Inc. | $25.8M | 4.41% |
| SMBC Nikko Securities America, Inc. | $12.2M | 2.08% |
| Santander Securities LLC | $8.4M | 1.44% |
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.