IICAX Fees and Costs — Large Cap Equity Fund, Class AMF
Data updated: 2026-09-15
The net expense ratio is 1.89%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.98% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1K in broker commissions, 0.0023% of average net assets, and portfolio turnover was 7%.
IICAX Fees and Expenses
Annual operating expenses and sales charges of IICAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.98% |
| Gross expense ratio | 1.89% |
| Fee waiver | — |
| Net expense ratio | 1.89% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
IICAX Costs Over Time
On $10,000 invested in IICAX, assuming 5% a year before costs, total costs come to $1,163 over 5 years, cutting the return by 1.99% 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 1.89%) | $198 | $613 | $1,054 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $31 | $108 |
| Total costs | $199 | $645 | $1,163 |
| Value after costs | $10,301 | $10,931 | $11,600 |
| Impact on return, per year | 1.99% | 1.99% | 1.99% |
IICAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0023%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
IICAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NORTHERN TRUST SECURITIES, INC. | $1K | 100.00% |
Large Cap Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IICHX | Class H | 1.65% | — |
| IICAX | Class AMF | 1.89% | — |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.