LSEQ Fees and Costs — Harbor Long-Short Equity ETF
Data updated: 2026-09-25
The net expense ratio is 2.28%: a 1.20% management fee plus 1.08% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $539K in broker commissions, 2.6905% of average net assets, and portfolio turnover was 308%.
LSEQ Fees and Expenses
Annual operating expenses and sales charges of LSEQ. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.08% |
| Gross expense ratio | 2.28% |
| Fee waiver | — |
| Net expense ratio | 2.28% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
LSEQ Costs Over Time
On $10,000 invested in LSEQ, assuming 5% a year before costs, total costs come to $2,872 over 5 years, cutting the return by 5.22% 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 2.28%) | $239 | $717 | $1,192 |
| Trading costs (broker commissions) | $283 | $846 | $1,406 |
| Lost growth on money paid in costs | $0 | $80 | $274 |
| Total costs | $522 | $1,642 | $2,872 |
| Value after costs | $9,978 | $9,934 | $9,891 |
| Impact on return, per year | 5.22% | 5.22% | 5.22% |
LSEQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 2.6905%
- Total broker commissions: $539K
- Bought from dealers (principal trades, not a cost): $14.2M
- Portfolio turnover (prospectus): 308%
- Securities lending: none during the year
LSEQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $274K | 50.85% |
| Goldman Sachs & Co. LLC | $265K | 49.15% |
LSEQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $14.2M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.