ICNZX Fees and Costs — ICON Fund, Class S
Data updated: 2020-08-27
The net expense ratio is 1.23%: a 0.75% management fee plus 0.47% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $18K in broker commissions, 0.0414% of average net assets, and portfolio turnover was 31%.
ICNZX Fees and Expenses
Annual operating expenses and sales charges of ICNZX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.47% |
| Gross expense ratio | 1.23% |
| Fee waiver | — |
| Net expense ratio | 1.23% |
| 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 |
ICNZX Costs Over Time
On $10,000 invested in ICNZX, assuming 5% a year before costs, total costs come to $791 over 5 years, cutting the return by 1.33% 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 1.23%) | $129 | $402 | $695 |
| Trading costs (broker commissions) | $4 | $14 | $23 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $133 | $436 | $791 |
| Value after costs | $10,367 | $11,140 | $11,972 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
ICNZX 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)
ICNZX 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.