ICONX Fees and Costs — ICON Opportunities Fund
Data updated: 2020-08-27
The net expense ratio is 1.31%: a 0.75% management fee plus 0.70% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $28K in broker commissions, 0.1618% of average net assets, and portfolio turnover was 41%.
ICONX Fees and Expenses
Annual operating expenses and sales charges of ICONX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.70% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.31% |
| 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 |
ICONX Costs Over Time
On $10,000 invested in ICONX, assuming 5% a year before costs, total costs come to $912 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 |
| Fund expenses (net expense ratio 1.31%) | $138 | $427 | $737 |
| Trading costs (broker commissions) | $17 | $53 | $91 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $155 | $504 | $912 |
| Value after costs | $10,345 | $11,073 | $11,851 |
| Impact on return, per year | 1.55% | 1.55% | 1.55% |
ICONX 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): 0.1618%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 41%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $6K (0.037% of average net assets)
ICONX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Steven M. Ferretti | $12K | 42.28% |
| Weeden & Co. | $5K | 18.18% |
| Capital Institutional Services Inc. | $4K | 14.48% |
| The Benchmark Company LLC | $3K | 10.68% |
| HSBC Securities (USA) Inc. | $3K | 10.29% |
| Bloomberg Tradebook LLC | $1K | 3.99% |
| RBC Capital Markets LLC | $28 | 0.10% |
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.