HTMIX Fees and Costs — Heitman US Real Estate Securities Fund, Institutional Class
Data updated: 2024-11-20
The net expense ratio is 0.77% (1.12% before fee waivers). This share class carries a redemption fee of 1.00%. In fiscal 2023 the fund paid $125K in broker commissions, 0.1909% of average net assets, and portfolio turnover was 150%.
HTMIX Fees and Expenses
Annual operating expenses and sales charges of HTMIX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.57% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.35% |
| Net expense ratio | 0.77% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
HTMIX Costs Over Time
On $10,000 invested in HTMIX, assuming 5% a year before costs, total costs come to $602 over 5 years, cutting the return by 1.01% 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 0.77%) | $81 | $252 | $438 |
| Trading costs (broker commissions) | $20 | $63 | $109 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $331 | $602 |
| Value after costs | $10,399 | $11,246 | $12,161 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
HTMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1909%
- Total broker commissions: $125K
- Bought from dealers (principal trades, not a cost): $339K
- Portfolio turnover (prospectus): 150%
- Securities lending: none during the year
HTMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $24K | 31.50% |
| GOLDMAN SACHS & CO. LLC | $10K | 13.76% |
| LIQUIDNET INC. | $8K | 10.21% |
| TRUIST SECURITIES INC. | $7K | 9.21% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $7K | 9.13% |
| STIFEL NICOLAUS & COMPANY INCORPORATED | $5K | 7.07% |
| ISI FINANCIAL GROUP INC | $5K | 6.70% |
| WELLS FARGO SECURITIES LLC | $5K | 6.58% |
| MIZUHO SECURITIES USA LLC | $4K | 5.85% |
HTMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $339K | 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.