IOBAX Fees and Costs — ICON Flexible Bond Fund, Investor Class
Data updated: 2026-08-31
The net expense ratio is 1.20%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $190K in broker commissions, 0.0527% of average net assets, and portfolio turnover was 158%.
IOBAX Fees and Expenses
Annual operating expenses and sales charges of IOBAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.20% |
| Fee waiver | — |
| Net expense ratio | 1.20% |
| 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 | Yes |
IOBAX Costs Over Time
On $10,000 invested in IOBAX, assuming 5% a year before costs, total costs come to $780 over 5 years, cutting the return by 1.32% 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 1.20%) | $126 | $392 | $678 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $430 | $780 |
| Value after costs | $10,368 | $11,147 | $11,983 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
IOBAX 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): 0.0527%
- Total broker commissions: $190K
- Bought from dealers (principal trades, not a cost): $263.6M
- Portfolio turnover (prospectus): 158%
- Securities on loan, average value: $4.0M
- Net income from securities lending: $58K (0.016% of average net assets)
IOBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BLOOMBERG | $188K | 99.24% |
| GOLDMAN SACHS & CO. LLC | $1K | 0.76% |
IOBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| OPPENHEIMER & CO | $80.2M | 30.41% |
| RAYMOND JAMES | $66.9M | 25.38% |
| ROBERT W. BAIRD & CO. | $55.6M | 21.08% |
| CANTOR FITZGERALD | $43.4M | 16.45% |
| R. SEELAUS & CO | $7.1M | 2.71% |
| BLOOMBERG | $6.2M | 2.36% |
| US BANCORP | $4.2M | 1.61% |
ICON Flexible Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IOBZX | Institutional Class | 0.95% | — |
| IOBAX | Investor Class | 1.20% | — |
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.