C000013843 Fees and Costs — ICON Equity Income Fund, Class S
Data updated: 2020-08-27
The net expense ratio is 1.03% (1.25% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $191K in broker commissions, 0.2420% of average net assets, and portfolio turnover was 117%.
C000013843 Fees and Expenses
Annual operating expenses and sales charges of C000013843. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.25% |
| Fee waiver | −0.22% |
| Net expense ratio | 1.03% |
| 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 |
C000013843 Costs Over Time
On $10,000 invested in C000013843, assuming 5% a year before costs, total costs come to $791 over 5 years, cutting the return by 1.34% 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 1.03%) | $108 | $336 | $582 |
| Trading costs (broker commissions) | $25 | $79 | $137 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $436 | $791 |
| Value after costs | $10,366 | $11,140 | $11,971 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
C000013843 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): 0.2420%
- Total broker commissions: $191K
- Bought from dealers (principal trades, not a cost): $4.1M
- Portfolio turnover (prospectus): 117%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $9K (0.011% of average net assets)
C000013843 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Steven M. Ferretti | $59K | 30.82% |
| The Benchmark Company LLC | $32K | 16.51% |
| Bloomberg Tradebook LLC | $24K | 12.64% |
| RBC Capital Markets LLC | $23K | 12.06% |
| Weeden & Co. | $23K | 11.90% |
| HSBC Securities (USA) Inc. | $14K | 7.47% |
| Capital Institutional Services Inc. | $11K | 5.91% |
| Macquarie Capital (USA) Inc. | $3K | 1.55% |
| Morgan Stanley & Co. LLC | $2K | 0.89% |
| PIPER JAFFRAY & CO. | $460 | 0.24% |
C000013843 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Cantor Fitzgerald & Co. | $2.8M | 69.22% |
| Robert W. Baird & Co. Inc. | $1.3M | 30.78% |
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.