C000024059 Fees and Costs — ICON Utilities Fund, Class S
Data updated: 2020-08-27
The net expense ratio is 1.22%: a 1.00% management fee plus 0.57% other expenses, less a 0.35% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $113K in broker commissions, 0.2608% of average net assets, and portfolio turnover was 144%.
C000024059 Fees and Expenses
Annual operating expenses and sales charges of C000024059. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.57% |
| Fee waiver | −0.35% |
| Net expense ratio | 1.22% |
| 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 |
C000024059 Costs Over Time
On $10,000 invested in C000024059, assuming 5% a year before costs, total costs come to $917 over 5 years, cutting the return by 1.55% 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 1.22%) | $128 | $398 | $686 |
| Trading costs (broker commissions) | $27 | $85 | $147 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $155 | $507 | $917 |
| Value after costs | $10,345 | $11,070 | $11,845 |
| Impact on return, per year | 1.55% | 1.55% | 1.55% |
C000024059 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): 0.2608%
- Total broker commissions: $113K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 144%
- Securities on loan, average value: $770K
- Net income from securities lending: $1K (0.003% of average net assets)
C000024059 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| The Benchmark Company LLC | $32K | 28.36% |
| RBC Capital Markets LLC | $18K | 16.07% |
| Steven M. Ferretti | $17K | 14.75% |
| Weeden & Co. | $14K | 12.48% |
| Capital Institutional Services Inc. | $14K | 12.32% |
| Bloomberg Tradebook LLC | $13K | 11.12% |
| HSBC Securities (USA) Inc. | $5K | 4.29% |
| Macquarie Capital (USA) Inc. | $690 | 0.61% |
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.