HULFX Fees and Costs — Hawaiian Tax-Free Trust, Class F
Data updated: 2026-08-26
The net expense ratio is 0.68%: a 0.23% management fee plus 0.45% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 30%.
HULFX Fees and Expenses
Annual operating expenses and sales charges of HULFX. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.45% |
| Gross expense ratio | 0.68% |
| Fee waiver | — |
| Net expense ratio | 0.68% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
HULFX Costs Over Time
On $10,000 invested in HULFX, assuming 5% a year before costs, total costs come to $428 over 5 years, cutting the return by 0.71% 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 0.68%) | $71 | $224 | $389 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $235 | $428 |
| Value after costs | $10,429 | $11,342 | $12,335 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
HULFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $205.0M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
HULFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $75.8M | 41.35% |
| Mesirow Financial Inc. | $26.0M | 14.20% |
| MORGAN STANLEY & CO. LLC | $20.3M | 11.11% |
| MARKETAXESS CORPORATION | $16.1M | 8.79% |
| RBC CAPITAL MARKETS, LLC | $10.3M | 5.64% |
| Fifth Third Securities, Inc. | $8.9M | 4.88% |
| SumRidge Partners, LLC | $8.4M | 4.60% |
| HILLTOP SECURITIES INC. | $6.7M | 3.64% |
| RAYMOND JAMES & ASSOCIATES, INC. | $5.4M | 2.94% |
| PIPER SANDLER & CO. | $5.2M | 2.87% |
Hawaiian Tax-Free Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HULFX | Class F | 0.68% | none |
| HULYX | Class Y | 0.71% | none |
| HULAX | Class A | 0.91% | 3.00% |
| HULCX | Class C | 1.71% | none |
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.