VMAX Fees and Costs — Hartford US Value ETF
Data updated: 2026-10-13
The net expense ratio is 0.29%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $5K in broker commissions, 0.0095% of average net assets, and portfolio turnover was 42%.
VMAX Fees and Expenses
Annual operating expenses and sales charges of VMAX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
VMAX Costs Over Time
On $10,000 invested in VMAX, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $31 | $104 | $190 |
| Value after costs | $10,469 | $11,473 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
VMAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0095%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $30.6M
- Portfolio turnover (prospectus): 42%
VMAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $3K | 68.64% |
| BofA Securities, Inc. | $1K | 29.26% |
| Goldman Sachs & Co. LLC | $30 | 0.67% |
| UBS Securities LLC | $20 | 0.45% |
| J.P. Morgan Securities LLC | $20 | 0.43% |
| Penserra Securities LLC | $12 | 0.27% |
| Piper Sandler & Co. | $8 | 0.17% |
| RBC Capital Markets, LLC | $3 | 0.07% |
| Nomura Securities International, Inc. | $2 | 0.04% |
VMAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $30.4M | 99.35% |
| Goldman Sachs & Co. LLC | $194K | 0.63% |
| Penserra Securities LLC | $5K | 0.02% |
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.