Expense Ratio History

HLRRX expense ratio history

LDR High Income Realty Fund, Institutional Shares

Fund company
World
Type
Mutual fund

2.82%

In basis points
282 basis points
Yearly cost per $10,000
$282
Prospectus dated
30 April 2026, filed with the SEC; rounded to 0.01%
Last change
Raised from 2.02% on 30 April 2026

Fee over time

HLRRX expense ratio: 1.45% until 30 Dec 2015, then 1.36%; 1.36% until 1 May 2016, then 0.84%; 0.84% until 30 Apr 2017, then 1.40%; 1.40% until 30 Apr 2018, then 1.31%; 1.31% until 30 Apr 2019, then 1.37%; 1.37% until 1 May 2020, then 1.36%; 1.36% until 1 May 2021, then 1.59%; 1.59% until 1 May 2022, then 1.72%; 1.72% until 1 May 2023, then 1.78%; 1.78% until 1 May 2024, then 2.16%; 2.16% until 1 May 2025, then 2.02%; 2.02% until 30 Apr 2026, then 2.82%; read at 2.82% on 30 Apr 2026.0.00%1.00%2.00%3.00%4.00%Aug 2014Aug 2016Aug 2018Aug 2020Aug 2022Aug 20241.45% before2.82% from 30 Apr 2026
HLRRX expense ratio: 1.45% until 30 Dec 2015, then 1.36%; 1.36% until 1 May 2016, then 0.84%; 0.84% until 30 Apr 2017, then 1.40%; 1.40% until 30 Apr 2018, then 1.31%; 1.31% until 30 Apr 2019, then 1.37%; 1.37% until 1 May 2020, then 1.36%; 1.36% until 1 May 2021, then 1.59%; 1.59% until 1 May 2022, then 1.72%; 1.72% until 1 May 2023, then 1.78%; 1.78% until 1 May 2024, then 2.16%; 2.16% until 1 May 2025, then 2.02%; 2.02% until 30 Apr 2026, then 2.82%; read at 2.82% on 30 Apr 2026.0.00%1.00%2.00%3.00%4.00%Aug 2014Aug 2018Aug 20221.45% before2.82% from 30 Apr 2026
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 3 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
HLRRX (this page) Institutional Shares 2.82% 1.55% 30 Apr 2026
HLPPX Platform Shares 3.58% 1.80% 30 Apr 2026
HLZZX Z SHARES 2.77% 1.55% 30 Apr 2026

Every figure we've recorded

DateFeeWhat happened
30 Apr 2026 2.82% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2026 2.82% Raised from 2.02% to 2.82%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-04-29
1 May 2025 2.02% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-05-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 May 2025 2.02% Cut from 2.16% to 2.02%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2026-02-03
1 May 2024 2.16% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-05-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 May 2024 2.16% Raised from 1.78% to 2.16%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-05-08
1 May 2023 1.78% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2023 1.78% Raised from 1.72% to 1.78%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-04-28
1 May 2022 1.72% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2022 1.72% Raised from 1.59% to 1.72%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-04-29
1 May 2021 1.59% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2021 1.59% Raised from 1.36% to 1.59%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-05-07
1 May 2020 1.36% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-05-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 May 2020 1.36% Cut from 1.37% to 1.36%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-05-14
30 Apr 2019 1.37% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-04-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2019 1.37% Raised from 1.31% to 1.37%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-05-16
30 Nov 2018 1.31% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-11-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Apr 2018 1.31% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-04-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Apr 2018 1.31% Cut from 1.40% to 1.31%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2018-05-29
30 Jun 2017 1.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-06-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Apr 2017 1.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-04-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Apr 2017 1.40% Raised from 0.84% to 1.40%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2017-05-12
1 May 2016 0.84% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-05-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 May 2016 0.84% Cut from 1.36% to 0.84%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2016-05-18
30 Dec 2015 1.36% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-12-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Dec 2015 1.36% Cut from 1.45% to 1.36%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2016-01-20
15 Aug 2014 1.45% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-08-15 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 2.82% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$3,181 in fees over 10 years

After fees, $10,000 grows to $12,321.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$289
3 years$886
5 years$1,508
10 years$3,181

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 15 prospectuses for this share class since 2014. Each one is listed above with a link to the filing.

How we read fees

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