HREMX Fees and Costs — Harbor Emerging Markets Equity Fund, Administrative Class
Data updated: 2023-01-11
The net expense ratio is 1.21%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.70% other expenses, less a 0.59% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $16K in broker commissions, 0.0823% of average net assets, and portfolio turnover was 103%.
HREMX Fees and Expenses
Annual operating expenses and sales charges of HREMX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.70% |
| Gross expense ratio | 1.80% |
| Fee waiver | −0.59% |
| 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 |
HREMX Costs Over Time
On $10,000 invested in HREMX, assuming 5% a year before costs, total costs come to $804 over 5 years, cutting the return by 1.36% 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 | $683 |
| Trading costs (broker commissions) | $9 | $27 | $46 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $443 | $804 |
| Value after costs | $10,364 | $11,133 | $11,959 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
HREMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0823%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 103%
- Securities on loan, average value: $23K
- Net income from securities lending: —
HREMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA Americas, LLC | $5K | 29.97% |
| HSBC Securities (USA) Inc. | $3K | 17.92% |
| J.P. Morgan Securities LLC | $2K | 12.95% |
| UBS Securities LLC | $2K | 10.71% |
| Citigroup Global Markets Inc. | $1K | 8.89% |
| BofA Securities, Inc. | $1K | 7.32% |
| Standard Chartered Securities (North America) LLC | $599 | 3.93% |
| Morgan Stanley & Co. LLC | $571 | 3.74% |
| Credit Suisse Securities (USA) LLC | $407 | 2.67% |
| BTG Pactual US Capital, LLC | $289 | 1.89% |
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.