INIVX Fees and Costs — International Investors Gold Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.31%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.41% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $522K in broker commissions, 0.0502% of average net assets, and portfolio turnover was 30%.
INIVX Fees and Expenses
Annual operating expenses and sales charges of INIVX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.31% |
| Fee waiver | — |
| Net expense ratio | 1.31% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
INIVX Costs Over Time
On $10,000 invested in INIVX, assuming 5% a year before costs, total costs come to $1,530 over 5 years, cutting the return by 2.65% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.31%) | $130 | $403 | $696 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $29 | $111 | $232 |
| Total costs | $738 | $1,105 | $1,530 |
| Value after costs | $9,762 | $10,471 | $11,233 |
| Impact on return, per year | 7.38% | 3.45% | 2.65% |
INIVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0502%
- Total broker commissions: $522K
- Bought from dealers (principal trades, not a cost): $351.6M
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $58.6M
- Net income from securities lending: $212K (0.020% of average net assets)
INIVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $102K | 20.46% |
| BMO Capital Markets Corp. | $99K | 19.86% |
| Scotia Capital (USA) Inc. | $76K | 15.28% |
| RBC Capital Markets, LLC | $66K | 13.28% |
| CIBC World Markets Corp. | $52K | 10.44% |
| National Bank of Canada Financial Inc. | $49K | 9.86% |
| TD Securities (USA) LLC | $16K | 3.19% |
| Fidelity Brokerage Services LLC | $15K | 3.05% |
| Stifel, Nicolaus & Company, Incorporated | $12K | 2.49% |
| BofA Securities, Inc. | $10K | 2.09% |
INIVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $322.7M | 91.79% |
| National Bank of Canada Financial Inc. | $8.6M | 2.46% |
| BMO Capital Markets Corp. | $6.7M | 1.90% |
| Citigroup Global Markets Inc. | $5.1M | 1.45% |
| Stifel, Nicolaus & Company, Incorporated | $3.7M | 1.04% |
| Canaccord Genuity LLC | $2.4M | 0.69% |
| Fidelity Brokerage Services LLC | $2.3M | 0.65% |
International Investors Gold Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| INIIX | Class I | 1.00% | none |
| INIYX | Class Y | 1.03% | none |
| INIVX | Class A | 1.31% | 5.75% |
| IIGCX | Class C | 2.12% | 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.