C000013846 Fees and Costs — ICON Long/Short Fund, Class S
Data updated: 2020-08-27
The net expense ratio is 1.26%: a 0.85% management fee plus 0.68% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $16K in broker commissions, 0.0753% of average net assets, and portfolio turnover was 31%.
C000013846 Fees and Expenses
Annual operating expenses and sales charges of C000013846. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.68% |
| Gross expense ratio | 1.54% |
| Fee waiver | −0.28% |
| Net expense ratio | 1.26% |
| 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 |
C000013846 Costs Over Time
On $10,000 invested in C000013846, assuming 5% a year before costs, total costs come to $830 over 5 years, cutting the return by 1.40% 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 1.26%) | $132 | $411 | $711 |
| Trading costs (broker commissions) | $8 | $25 | $42 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $458 | $830 |
| Value after costs | $10,360 | $11,119 | $11,933 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
C000013846 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): 0.0753%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $450K
- Net income from securities lending: $4K (0.018% of average net assets)
C000013846 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Steven M. Ferretti | $6K | 40.10% |
| The Benchmark Company LLC | $5K | 30.28% |
| HSBC Securities (USA) Inc. | $2K | 10.53% |
| Bloomberg Tradebook LLC | $1K | 7.60% |
| Weeden & Co. | $827 | 5.16% |
| Capital Institutional Services Inc. | $670 | 4.18% |
| MACQUARIE CAPITAL (USA) INC. | $195 | 1.22% |
| RBC CAPITAL MARKETS, LLC | $128 | 0.80% |
| Convergex Execution Solutions LLC | $24 | 0.15% |
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.