IGNIX Fees and Costs — Nomura Natural Resources Fund, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 0.95%: a 0.85% management fee plus 0.40% other expenses, less a 0.30% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $180K in broker commissions, 0.0920% of average net assets, and portfolio turnover was 65%.
IGNIX Fees and Expenses
Annual operating expenses and sales charges of IGNIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.25% |
| Fee waiver | −0.30% |
| Net expense ratio | 0.95% |
| 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 | No |
IGNIX Costs Over Time
On $10,000 invested in IGNIX, assuming 5% a year before costs, total costs come to $651 over 5 years, cutting the return by 1.09% 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 0.95%) | $100 | $311 | $539 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $109 | $358 | $651 |
| Value after costs | $10,391 | $11,218 | $12,112 |
| Impact on return, per year | 1.09% | 1.09% | 1.09% |
IGNIX 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): 0.0920%
- Total broker commissions: $180K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
IGNIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $23K | 16.98% |
| BMO CAPITAL MARKETS CORP. | $17K | 13.09% |
| BOFA SECURITIES, INC. | $17K | 12.51% |
| JEFFERIES LLC | $13K | 9.41% |
| J.P. Morgan Securities LLC | $12K | 9.04% |
| CitiGroup Global Markets Inc. | $12K | 9.03% |
| MORGAN STANLEY & CO. LLC | $11K | 8.63% |
| SG AMERICAS SECURITIES LLC | $11K | 8.33% |
| RBC CAPITAL MARKETS, LLC | $9K | 6.99% |
| NATIONAL FINANCIAL SERVICES LLC | $8K | 6.00% |
Nomura Natural Resources Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| INRSX | Class R6 | 0.82% | none |
| IGNIX | Institutional Class | 0.95% | none |
| IGNAX | Class A | 1.20% | 5.75% |
| IGNYX | Class Y | 1.20% | none |
| IGNRX | Class R | 1.45% | none |
| IGNCX | Class C | 1.95% | 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.