ICLEX Fees and Costs — ICON Consumer Staples Fund, Class S
Data updated: 2020-08-27
The net expense ratio is 1.50%: a 1.00% management fee plus 1.25% other expenses, less a 0.75% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $26K in broker commissions, 0.2981% of average net assets, and portfolio turnover was 192%.
ICLEX Fees and Expenses
Annual operating expenses and sales charges of ICLEX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.25% |
| Gross expense ratio | 2.25% |
| Fee waiver | −0.75% |
| Net expense ratio | 1.50% |
| 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 |
ICLEX Costs Over Time
On $10,000 invested in ICLEX, assuming 5% a year before costs, total costs come to $1,107 over 5 years, cutting the return by 1.89% 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 1.50%) | $158 | $487 | $838 |
| Trading costs (broker commissions) | $31 | $97 | $167 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $189 | $613 | $1,107 |
| Value after costs | $10,311 | $10,963 | $11,656 |
| Impact on return, per year | 1.89% | 1.89% | 1.89% |
ICLEX 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): 0.2981%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 192%
- Securities on loan, average value: $907K
- Net income from securities lending: $2K (0.020% of average net assets)
ICLEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Steven M Ferretti | $9K | 34.06% |
| Bloomberg Tradebook LLC | $7K | 27.83% |
| The Benchmark Company LLC | $6K | 21.46% |
| RBC Capital Markets LLC | $3K | 11.06% |
| MACQUARIE CAPITAL (USA) INC. | $424 | 1.60% |
| HSBC SECURITIES (USA) INC. | $404 | 1.53% |
| Weeden & Co. | $350 | 1.32% |
| Capital Institutional Services Inc. | $192 | 0.72% |
| Morgan Stanley & Co LLC | $108 | 0.41% |
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.