IICEX Fees and Costs — Nomura International Core Equity Fund, Class E
Data updated: 2026-08-26
The net expense ratio is 1.17%: a 0.83% management fee, a 0.25% 12b-1 fee plus 0.49% other expenses, less a 0.40% fee waiver. This share class carries a maximum front-end sales load of 2.50% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $2.7M in broker commissions, 0.1892% of average net assets, and portfolio turnover was 108%.
IICEX Fees and Expenses
Annual operating expenses and sales charges of IICEX. Prospectus, as of March 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.57% |
| Fee waiver | −0.40% |
| Net expense ratio | 1.17% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| 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 | No |
IICEX Costs Over Time
On $10,000 invested in IICEX, assuming 5% a year before costs, total costs come to $1,142 over 5 years, cutting the return by 1.95% 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 | $351 | $250 | $250 |
| Fund expenses (net expense ratio 1.17%) | $120 | $372 | $643 |
| Trading costs (broker commissions) | $19 | $60 | $104 |
| Lost growth on money paid in costs | $12 | $61 | $145 |
| Total costs | $503 | $743 | $1,142 |
| Value after costs | $9,997 | $10,833 | $11,621 |
| Impact on return, per year | 5.03% | 2.30% | 1.95% |
IICEX 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): 0.1892%
- Total broker commissions: $2.7M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 108%
- Securities lending: none during the year
IICEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $329K | 15.89% |
| J.P. Morgan Securities LLC | $311K | 15.01% |
| CitiGroup Global Markets Inc. | $285K | 13.74% |
| BOFA SECURITIES, INC. | $248K | 11.95% |
| UBS Securities LLC | $245K | 11.81% |
| JEFFERIES LLC | $242K | 11.67% |
| GOLDMAN SACHS & CO. LLC | $142K | 6.83% |
| VIRTU AMERICAS LLC | $98K | 4.71% |
| TD SECURITIES (USA) LLC | $90K | 4.36% |
| BARCLAYS CAPITAL, INC. | $84K | 4.04% |
Nomura International Core 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 |
|---|---|---|---|
| IINCX | Class R6 | 0.66% | none |
| ICEIX | Institutional Class | 0.76% | none |
| IVIAX | Class A | 1.01% | 5.75% |
| IVVYX | Class Y | 1.01% | none |
| IICEX | Class E | 1.17% | 2.50% |
| IYITX | Class R | 1.26% | none |
| IVIFX | Class C | 1.76% | 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.