C000094048 Fees and Costs — ICON Financial Fund, Class A
Data updated: 2020-08-27
The net expense ratio is 1.75%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.99% other expenses, less a 0.49% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2019 the fund paid $37K in broker commissions, 0.0966% of average net assets, and portfolio turnover was 28%.
C000094048 Fees and Expenses
Annual operating expenses and sales charges of C000094048. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.99% |
| Gross expense ratio | 2.24% |
| Fee waiver | −0.49% |
| Net expense ratio | 1.75% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000094048 Costs Over Time
On $10,000 invested in C000094048, assuming 5% a year before costs, total costs come to $1,804 over 5 years, cutting the return by 3.15% 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 |
| Sales charges | $672 | $575 | $575 |
| Fund expenses (net expense ratio 1.75%) | $173 | $536 | $921 |
| Trading costs (broker commissions) | $10 | $30 | $51 |
| Lost growth on money paid in costs | $29 | $119 | $258 |
| Total costs | $884 | $1,259 | $1,804 |
| Value after costs | $9,616 | $10,317 | $10,959 |
| Impact on return, per year | 8.84% | 3.95% | 3.15% |
C000094048 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): 0.0966%
- Total broker commissions: $37K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $259K
- Net income from securities lending: $534 (0.001% of average net assets)
C000094048 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Steven M. Ferretti | $14K | 37.69% |
| Bloomberg Tradebook LLC | $8K | 20.78% |
| The Benchmark Company LLC | $4K | 9.73% |
| Weeden & Co. | $3K | 8.61% |
| Capital Institutional Services Inc. | $3K | 8.00% |
| RBC Capital Markets LLC | $3K | 7.01% |
| HSBC Securities (USA) Inc. | $2K | 5.69% |
| MACQUARIE CAPITAL (USA) INC. | $910 | 2.49% |
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.