ICFAX Fees and Costs — ICON Consumer Select Fund, Investor Class
Data updated: 2026-08-31
The net expense ratio is 1.72%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.47% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $44K in broker commissions, 0.1513% of average net assets, and portfolio turnover was 28%.
ICFAX Fees and Expenses
Annual operating expenses and sales charges of ICFAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.47% |
| Gross expense ratio | 1.72% |
| Fee waiver | — |
| Net expense ratio | 1.72% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ICFAX Costs Over Time
On $10,000 invested in ICFAX, assuming 5% a year before costs, total costs come to $1,150 over 5 years, cutting the return by 1.96% 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 1.72%) | $181 | $558 | $960 |
| Trading costs (broker commissions) | $16 | $49 | $84 |
| Lost growth on money paid in costs | $0 | $30 | $106 |
| Total costs | $196 | $638 | $1,150 |
| Value after costs | $10,304 | $10,938 | $11,613 |
| Impact on return, per year | 1.96% | 1.96% | 1.96% |
ICFAX 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): 0.1513%
- Total broker commissions: $44K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $123K
- Net income from securities lending: $781 (0.003% of average net assets)
ICFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER | $18K | 40.79% |
| FERRETTI GROUP | $13K | 28.50% |
| ROYAL BANK OF CANADA CAPITAL MARKETS | $9K | 21.33% |
| CAPITAL INSTITUTIONAL SERVICES (CAPIS) | $2K | 4.18% |
| HSBC SECURITIES | $2K | 3.72% |
| THE BENCHMARK COMPANY LLC | $650 | 1.47% |
ICON Consumer Select Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ICFSX | Institutional Class | 1.47% | — |
| ICFAX | Investor Class | 1.72% | — |
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.