ICCIX Fees and Costs — Dynamic International Opportunity Fund, Class I
Data updated: 2026-09-08
The net expense ratio is 1.67% (1.71% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0046% of average net assets, and portfolio turnover was 98%.
ICCIX Fees and Expenses
Annual operating expenses and sales charges of ICCIX. Prospectus, as of September 4, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.43% |
| Gross expense ratio | 1.71% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.67% |
| 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 |
ICCIX Costs Over Time
On $10,000 invested in ICCIX, assuming 5% a year before costs, total costs come to $1,033 over 5 years, cutting the return by 1.76% 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 1.67%) | $175 | $543 | $935 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $176 | $572 | $1,033 |
| Value after costs | $10,324 | $11,004 | $11,729 |
| Impact on return, per year | 1.76% | 1.76% | 1.76% |
ICCIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0046%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 98%
- Securities on loan, average value: $16.1M
- Net income from securities lending: $271K (0.478% of average net assets)
ICCIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Financial | $1K | 51.43% |
| Citadel Securities | $847 | 32.70% |
| Jane Street | $411 | 15.87% |
Dynamic International Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ICCIX | Class I | 1.67% | none |
| COUAX | C000131812 | 1.79% | 5.75% |
| ICCNX | Class N | 1.92% | 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.