C000013837 Fees and Costs — ICON Flexible Bond Fund, Class S
Data updated: 2020-08-27
The net expense ratio is 0.92% (1.13% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $43K in broker commissions, 0.0334% of average net assets, and portfolio turnover was 144%.
C000013837 Fees and Expenses
Annual operating expenses and sales charges of C000013837. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.13% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000013837 Costs Over Time
On $10,000 invested in C000013837, assuming 5% a year before costs, total costs come to $597 over 5 years, cutting the return by 1.00% 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 0.92%) | $97 | $302 | $523 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $328 | $597 |
| Value after costs | $10,400 | $11,248 | $12,166 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
C000013837 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0334%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): $177.9M
- Portfolio turnover (prospectus): 144%
- Securities on loan, average value: $3.2M
- Net income from securities lending: $41K (0.032% of average net assets)
C000013837 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bloomberg Tradebook LLC | $43K | 100.00% |
C000013837 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Cantor Fitzgerald & Co. | $130.0M | 73.09% |
| Robert W. Baird & Co. Incorporated | $34.6M | 19.45% |
| Samuel A. Ramirez & Company Inc. | $6.2M | 3.50% |
| Raymond James and Associates Inc. | $5.8M | 3.28% |
| BLOOMBERG TRADEBOOK LLC | $517K | 0.29% |
| HILLTOP SECURITIES INC. | $420K | 0.24% |
| MERIDIAN CAPITAL LLC | $255K | 0.14% |
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.