ICNAX Fees and Costs — ICON Fund, Class A
Data updated: 2020-08-27
The net expense ratio is 1.51%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.72% other expenses, less a 0.22% 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 $18K in broker commissions, 0.0414% of average net assets, and portfolio turnover was 31%.
ICNAX Fees and Expenses
Annual operating expenses and sales charges of ICNAX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.72% |
| Gross expense ratio | 1.73% |
| Fee waiver | −0.22% |
| Net expense ratio | 1.51% |
| 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 |
ICNAX Costs Over Time
On $10,000 invested in ICNAX, assuming 5% a year before costs, total costs come to $1,638 over 5 years, cutting the return by 2.85% 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 1.51%) | $149 | $464 | $799 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $29 | $114 | $242 |
| Total costs | $855 | $1,166 | $1,638 |
| Value after costs | $9,645 | $10,411 | $11,124 |
| Impact on return, per year | 8.55% | 3.65% | 2.85% |
ICNAX 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): 0.0414%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $889K
- Net income from securities lending: $8K (0.018% of average net assets)
ICNAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Steven M. Ferretti | $6K | 34.45% |
| The Benchmark Company LLC | $4K | 24.64% |
| Weeden & Co. | $2K | 13.91% |
| HSBC Securities (USA) LLC | $2K | 12.63% |
| Bloomberg Tradebook LLC | $1K | 5.80% |
| CAPITAL INSTITUTIONAL SERVICES, INC. | $813 | 4.55% |
| RBC CAPITAL MARKETS, LLC | $720 | 4.03% |
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.