HXIIX Fees and Costs — Harvest Asian Bond Fund, Institutional Class
Data updated: 2022-05-31
The net expense ratio is 0.88%: a 0.75% management fee plus 3.44% other expenses, less a 3.31% fee waiver. This share class carries a redemption fee of 1.50%. In fiscal 2021 the fund paid $49 in broker commissions, 0.0004% of average net assets, and portfolio turnover was 556%.
HXIIX Fees and Expenses
Annual operating expenses and sales charges of HXIIX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.44% |
| Gross expense ratio | 4.19% |
| Fee waiver | −3.31% |
| Net expense ratio | 0.88% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.50% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
HXIIX Costs Over Time
On $10,000 invested in HXIIX, assuming 5% a year before costs, total costs come to $552 over 5 years, cutting the return by 0.92% 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 0.88%) | $92 | $289 | $501 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $92 | $303 | $552 |
| Value after costs | $10,408 | $11,273 | $12,211 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
HXIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0004%
- Total broker commissions: $49
- Bought from dealers (principal trades, not a cost): $130.7M
- Portfolio turnover (prospectus): 556%
- Securities lending: none during the year
HXIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HH CLEARING SERVICES | $49 | 100.00% |
HXIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS | $13.8M | 18.35% |
| HSBC | $9.9M | 13.25% |
| BANK OF AMERICA SECURITIES LLC | $8.1M | 10.82% |
| STANDARD CHARTERED BANK | $7.7M | 10.25% |
| UBS INTERNATIONAL INC | $6.8M | 9.03% |
| JP MORGAN | $6.3M | 8.39% |
| BARCLAYS CAPITAL (DMA) | $6.1M | 8.13% |
| MORGAN STANLEY & CO, INC | $5.8M | 7.67% |
| MIZUHO SECURITIES USA INC. | $5.6M | 7.43% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $5.0M | 6.69% |
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.