IOCZX Fees and Costs — ICON Risk-Managed Balanced Fund, Class S
Data updated: 2020-08-27
The net expense ratio is 1.30% (1.61% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $13K in broker commissions, 0.0463% of average net assets, and portfolio turnover was 66%.
IOCZX Fees and Expenses
Annual operating expenses and sales charges of IOCZX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.76% |
| Gross expense ratio | 1.61% |
| Fee waiver | −0.31% |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | Yes |
IOCZX Costs Over Time
On $10,000 invested in IOCZX, assuming 5% a year before costs, total costs come to $836 over 5 years, cutting the return by 1.41% 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 1.30%) | $136 | $424 | $733 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $461 | $836 |
| Value after costs | $10,359 | $11,115 | $11,927 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
IOCZX 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): 0.0463%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $12.2M
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $343K
- Net income from securities lending: $820 (0.003% of average net assets)
IOCZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bloomberg Tradebook LLC | $3K | 24.76% |
| The Benchmark Company LLC | $3K | 23.79% |
| Capital Institutional Services Inc. | $2K | 18.64% |
| RBC Capital Markets LLC | $2K | 13.67% |
| HSBC Securities (USA) Inc. | $2K | 13.06% |
| Steven M. Ferretti | $612 | 4.68% |
| Weeden & Co. | $169 | 1.29% |
| GOLDMAN SACHS & CO. LLC | $13 | 0.10% |
IOCZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Cantor Fitzgerald & Co. | $8.6M | 70.75% |
| Robert W. Baird & Co. Incorporated | $1.6M | 13.01% |
| Raymond James and Associates Inc. | $1.5M | 12.28% |
| SAMUEL A RAMIREZ & CO., INC. | $481K | 3.96% |
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.