IIQAX Fees and Costs — ICON International Equity Fund, Class A
Data updated: 2020-05-27
The net expense ratio is 1.81%: a 1.00% management fee, a 0.25% 12b-1 fee plus 1.89% other expenses, less a 1.34% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2019 the fund paid $38K in broker commissions, 0.1082% of average net assets, and portfolio turnover was 40%.
IIQAX Fees and Expenses
Annual operating expenses and sales charges of IIQAX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.89% |
| Gross expense ratio | 3.15% |
| Fee waiver | −1.34% |
| Net expense ratio | 1.81% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 | Yes |
IIQAX Costs Over Time
On $10,000 invested in IIQAX, assuming 5% a year before costs, total costs come to $1,844 over 5 years, cutting the return by 3.23% 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 | $672 | $575 | $575 |
| Fund expenses (net expense ratio 1.81%) | $179 | $554 | $951 |
| Trading costs (broker commissions) | $11 | $33 | $57 |
| Lost growth on money paid in costs | $29 | $120 | $262 |
| Total costs | $891 | $1,282 | $1,844 |
| Value after costs | $9,609 | $10,295 | $10,919 |
| Impact on return, per year | 8.91% | 4.03% | 3.23% |
IIQAX 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): 0.1082%
- Total broker commissions: $38K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $610K
- Net income from securities lending: $6K (0.018% of average net assets)
IIQAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $17K | 43.11% |
| Capital Institutional Services Inc. | $10K | 26.10% |
| Macquarie Capital (USA) Inc. | $5K | 12.02% |
| RBC Capital Markets LLC | $3K | 7.18% |
| Weeden & Co. | $2K | 5.16% |
| The Benchmark Company LLC | $2K | 4.67% |
| Steven M. Ferretti | $600 | 1.56% |
| Bloomberg Tradebook LLC | $72 | 0.19% |
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.