ICFEX Fees and Costs — Nomura Core Equity Fund, Class E
Data updated: 2026-08-26
The net expense ratio is 0.97%: a 0.62% management fee, a 0.25% 12b-1 fee plus 0.27% other expenses, less a 0.17% fee waiver. This share class carries a maximum front-end sales load of 2.50% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $398K in broker commissions, 0.0106% of average net assets, and portfolio turnover was 40%.
ICFEX Fees and Expenses
Annual operating expenses and sales charges of ICFEX. Prospectus, as of March 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.97% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| 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 |
ICFEX Costs Over Time
On $10,000 invested in ICFEX, assuming 5% a year before costs, total costs come to $917 over 5 years, cutting the return by 1.55% 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 | $351 | $250 | $250 |
| Fund expenses (net expense ratio 0.97%) | $99 | $310 | $538 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $12 | $55 | $124 |
| Total costs | $464 | $618 | $917 |
| Value after costs | $10,036 | $10,958 | $11,845 |
| Impact on return, per year | 4.64% | 1.90% | 1.55% |
ICFEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0106%
- Total broker commissions: $398K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
ICFEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $54K | 18.98% |
| BARCLAYS CAPITAL, INC. | $38K | 13.15% |
| GOLDMAN SACHS & CO. LLC | $36K | 12.51% |
| UBS SECURITIES LLC | $31K | 10.76% |
| MORGAN STANLEY & CO. LLC | $28K | 9.63% |
| BOFA SECURITIES, INC. | $24K | 8.28% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $21K | 7.42% |
| CitiGroup Global Markets Inc. | $21K | 7.42% |
| RBC CAPITAL MARKETS, LLC | $19K | 6.64% |
| VIRTU AMERICAS LLC | $15K | 5.21% |
Nomura Core Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ICEQX | Class R6 | 0.67% | none |
| ICIEX | Institutional Class | 0.74% | none |
| ICFEX | Class E | 0.97% | 2.50% |
| WCEAX | Class A | 0.99% | 5.75% |
| WCEYX | Class Y | 0.99% | none |
| IYCEX | Class R | 1.24% | none |
| WTRCX | Class C | 1.74% | 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.