HRMGX Fees and Costs — Harbor Disruptive Innovation Fund, Administrative Class
Data updated: 2025-01-14
The net expense ratio is 1.08%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $57K in broker commissions, 0.0797% of average net assets, and portfolio turnover was 72%.
HRMGX Fees and Expenses
Annual operating expenses and sales charges of HRMGX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.24% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.08% |
| 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 |
HRMGX Costs Over Time
On $10,000 invested in HRMGX, assuming 5% a year before costs, total costs come to $723 over 5 years, cutting the return by 1.22% 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 1.08%) | $113 | $353 | $612 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $122 | $398 | $723 |
| Value after costs | $10,378 | $11,178 | $12,040 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
HRMGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0797%
- Total broker commissions: $57K
- Bought from dealers (principal trades, not a cost): $116
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
HRMGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $40K | 68.86% |
| Mischler Financial Group, Inc. | $16K | 28.03% |
| BofA Securities, Inc. | $2K | 2.65% |
| Virtu Americas LLC | $259 | 0.45% |
| Goldman Sachs & Co. LLC | $4 | 0.01% |
HRMGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $116 | 100.00% |
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.