ICCAX Fees and Costs — ICON Consumer Discretionary Fund, Class A
Data updated: 2020-08-27
The net expense ratio is 1.99%: a 1.00% management fee, a 0.25% 12b-1 fee plus 1.73% other expenses, less a 0.99% 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 $45K in broker commissions, 0.2121% of average net assets, and portfolio turnover was 163%.
ICCAX Fees and Expenses
Annual operating expenses and sales charges of ICCAX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.73% |
| Gross expense ratio | 2.98% |
| Fee waiver | −0.99% |
| Net expense ratio | 1.99% |
| 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 |
ICCAX Costs Over Time
On $10,000 invested in ICCAX, assuming 5% a year before costs, total costs come to $2,001 over 5 years, cutting the return by 3.52% 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 1.99%) | $197 | $607 | $1,039 |
| Trading costs (broker commissions) | $21 | $65 | $111 |
| Lost growth on money paid in costs | $29 | $124 | $276 |
| Total costs | $918 | $1,371 | $2,001 |
| Value after costs | $9,582 | $10,206 | $10,762 |
| Impact on return, per year | 9.18% | 4.32% | 3.52% |
ICCAX 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): 0.2121%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 163%
- Securities on loan, average value: $614K
- Net income from securities lending: $1K (0.007% of average net assets)
ICCAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bloomberg Tradebook LLC | $15K | 32.57% |
| Steven M. Ferretti | $12K | 26.59% |
| Weeden & Co. | $6K | 13.85% |
| Benchmark Securities LLC | $6K | 13.37% |
| HSBC SECURITIES (USA) INC. | $3K | 6.35% |
| Capital Institutional Services Inc. | $2K | 3.50% |
| MACQUARIE CAPITAL (USA) INC. | $915 | 2.03% |
| RBC Capital Markets LLC | $700 | 1.56% |
| Morgan Stanley & Co. LLC | $86 | 0.19% |
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.