C000094060 Fees and Costs — ICON Utilities Fund, Class A
Data updated: 2020-08-27
The net expense ratio is 1.47%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.52% other expenses, less a 0.30% 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 $113K in broker commissions, 0.2608% of average net assets, and portfolio turnover was 144%.
C000094060 Fees and Expenses
Annual operating expenses and sales charges of C000094060. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.77% |
| Fee waiver | −0.30% |
| Net expense ratio | 1.47% |
| 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 |
C000094060 Costs Over Time
On $10,000 invested in C000094060, assuming 5% a year before costs, total costs come to $1,739 over 5 years, cutting the return by 3.03% 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 1.47%) | $145 | $450 | $775 |
| Trading costs (broker commissions) | $26 | $80 | $138 |
| Lost growth on money paid in costs | $29 | $117 | $252 |
| Total costs | $872 | $1,222 | $1,739 |
| Value after costs | $9,628 | $10,354 | $11,023 |
| Impact on return, per year | 8.72% | 3.83% | 3.03% |
C000094060 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)
C000094060 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.