FIDCX Fees and Costs — Financial Industries Fund, Class C
Data updated: 2026-09-25
The net expense ratio is 1.99%: a 0.78% management fee, a 1.00% 12b-1 fee plus 0.22% other expenses, less a 0.01% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $239K in broker commissions, 0.0649% of average net assets, and portfolio turnover was 63%.
FIDCX Fees and Expenses
Annual operating expenses and sales charges of FIDCX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 2.00% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.99% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | No |
FIDCX Costs Over Time
On $10,000 invested in FIDCX, assuming 5% a year before costs, total costs come to $1,259 over 5 years, cutting the return by 2.16% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.99%) | $209 | $645 | $1,106 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $33 | $117 |
| Total costs | $319 | $699 | $1,259 |
| Value after costs | $10,181 | $10,877 | $11,504 |
| Impact on return, per year | 3.19% | 2.16% | 2.16% |
FIDCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0649%
- Total broker commissions: $239K
- Bought from dealers (principal trades, not a cost): $351.7M
- Portfolio turnover (prospectus): 63%
- Securities on loan, average value: $267K
- Net income from securities lending: $3K (0.001% of average net assets)
FIDCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Keefe, Bruyette & Woods, Inc. | $64K | 29.19% |
| Royal Bank of Canada | $51K | 23.23% |
| Piper Sandler & Co. | $51K | 23.23% |
| Goldman Sachs & Co. LLC | $10K | 4.80% |
| Stifel, Nicolaus & Company, Incorporated | $10K | 4.73% |
| Raymond James & Associates, Inc. | $9K | 4.28% |
| Barclays Bank PLC | $8K | 3.49% |
| J.P. Morgan Securities LLC | $6K | 2.76% |
| UBS AG | $5K | 2.25% |
| BNY Mellon Capital Markets, LLC | $4K | 2.04% |
FIDCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $330.7M | 94.13% |
| Keefe, Bruyette & Woods, Inc. | $4.0M | 1.13% |
| Citigroup Global Markets Holdings Inc. | $3.1M | 0.88% |
| Morgan Stanley & Co. LLC | $2.6M | 0.75% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $2.6M | 0.75% |
| Raymond James & Associates, Inc. | $2.6M | 0.75% |
| J.P. Morgan Securities LLC | $1.5M | 0.44% |
| Wells Fargo Securities, LLC | $1.5M | 0.43% |
| Goldman Sachs & Co. LLC | $1.4M | 0.39% |
| Stephens Inc. | $1.2M | 0.36% |
Financial Industries Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JFDRX | Class R6 | 0.88% | none |
| JFIFX | Class I | 0.99% | none |
| FIDAX | Class A | 1.29% | 5.00% |
| FIDCX | Class C | 1.99% | none |
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.