HQBAX Fees and Costs — The Hartford Quality Bond Fund, Class A
Data updated: 2020-06-24
The net expense ratio is 0.86% (0.95% before fee waivers). This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 59%.
HQBAX Fees and Expenses
Annual operating expenses and sales charges of HQBAX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.86% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
HQBAX Costs Over Time
On $10,000 invested in HQBAX, assuming 5% a year before costs, total costs come to $1,089 over 5 years, cutting the return by 1.86% 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 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.86%) | $86 | $269 | $468 |
| Lost growth on money paid in costs | $23 | $84 | $172 |
| Total costs | $559 | $804 | $1,089 |
| Value after costs | $9,941 | $10,773 | $11,673 |
| Impact on return, per year | 5.59% | 2.49% | 1.86% |
HQBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.2B
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
HQBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $465.0M | 21.65% |
| BofA Securities, Inc. | $315.7M | 14.70% |
| Citigroup Global Markets Inc. | $307.3M | 14.31% |
| Wells Fargo Securities, LLC | $290.5M | 13.52% |
| J.P. Morgan Securities LLC | $218.4M | 10.17% |
| State Street Bank and Trust Company | $156.3M | 7.28% |
| Credit Suisse Securities (USA) LLC | $155.8M | 7.25% |
| Barclays Capital Inc. | $128.5M | 5.98% |
| Morgan Stanley & Co. LLC | $96.7M | 4.50% |
| Nomura Securities International, Inc. | $13.6M | 0.63% |
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.