HSZAX Fees and Costs — NexPoint Climate Tech Fund, Class A
Data updated: 2025-08-29
The net expense ratio is 1.75% (6.23% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $26K in broker commissions, 0.3587% of average net assets, and portfolio turnover was 65%.
HSZAX Fees and Expenses
Annual operating expenses and sales charges of HSZAX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 4.99% |
| Gross expense ratio | 6.23% |
| Fee waiver | −4.48% |
| Net expense ratio | 1.75% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 | Yes |
HSZAX Costs Over Time
On $10,000 invested in HSZAX, assuming 5% a year before costs, total costs come to $1,950 over 5 years, cutting the return by 3.42% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.75%) | $173 | $534 | $916 |
| Trading costs (broker commissions) | $35 | $109 | $188 |
| Lost growth on money paid in costs | $29 | $123 | $272 |
| Total costs | $812 | $1,341 | $1,950 |
| Value after costs | $9,688 | $10,235 | $10,813 |
| Impact on return, per year | 8.12% | 4.22% | 3.42% |
HSZAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.3587%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $2.6M
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $510K
- Net income from securities lending: $2K (0.021% of average net assets)
HSZAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $7K | 30.57% |
| NOMURA | $4K | 17.45% |
| MORGAN STANLEY & CO, INC | $3K | 12.52% |
| VIRTU FINANCIAL BD LLC | $2K | 10.50% |
| OPPENHEIMER & ASSOCIATES | $2K | 9.30% |
| CITIGROUP | $1K | 5.19% |
| BAML | $943 | 4.25% |
| MKM PARTNERS | $811 | 3.65% |
| CANTOR FITZGERALD | $787 | 3.54% |
| SUNTRUST | $676 | 3.04% |
HSZAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF NEW YORK | $1.5M | 55.61% |
| GOLDMAN, SACHS & CO. | $722K | 27.43% |
| J P MORGAN CHASE BANK | $198K | 7.51% |
| CITIGROUP | $186K | 7.09% |
| SEAPORT SECURITIES CORPORATION | $62K | 2.36% |
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.