ICARX Fees and Costs — ICON Emerging Markets Fund, Class S
Data updated: 2020-08-27
The net expense ratio is 1.58% (1.80% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $91K in broker commissions, 0.1777% of average net assets, and portfolio turnover was 78%.
ICARX Fees and Expenses
Annual operating expenses and sales charges of ICARX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.78% |
| Gross expense ratio | 1.80% |
| Fee waiver | −0.22% |
| Net expense ratio | 1.58% |
| 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 |
ICARX Costs Over Time
On $10,000 invested in ICARX, assuming 5% a year before costs, total costs come to $1,083 over 5 years, cutting the return by 1.85% 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 1.58%) | $166 | $514 | $884 |
| Trading costs (broker commissions) | $19 | $58 | $99 |
| Lost growth on money paid in costs | $0 | $28 | $100 |
| Total costs | $185 | $600 | $1,083 |
| Value after costs | $10,315 | $10,976 | $11,680 |
| Impact on return, per year | 1.85% | 1.85% | 1.85% |
ICARX 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): 0.1777%
- Total broker commissions: $91K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 78%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $3K (0.007% of average net assets)
ICARX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $31K | 34.08% |
| Macquarie Capital (USA) Inc. | $27K | 29.13% |
| RBC CAPITAL MARKETS, LLC | $12K | 12.60% |
| Capital Institutional Services Inc. | $9K | 9.38% |
| The Benchmark Company LLC | $6K | 6.72% |
| Weeden & Co. | $4K | 4.67% |
| Bloomberg Tradebook LLC | $2K | 2.10% |
| Steven M. Ferretti | $1K | 1.33% |
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.