IOEZX Fees and Costs — ICON Equity Income Fund, Institutional Class
Data updated: 2026-08-31
The net expense ratio is 1.23%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $43K in broker commissions, 0.1442% of average net assets, and portfolio turnover was 26%.
IOEZX Fees and Expenses
Annual operating expenses and sales charges of IOEZX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.23% |
| Fee waiver | — |
| Net expense ratio | 1.23% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
IOEZX Costs Over Time
On $10,000 invested in IOEZX, assuming 5% a year before costs, total costs come to $853 over 5 years, cutting the return by 1.44% 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 1.23%) | $129 | $401 | $693 |
| Trading costs (broker commissions) | $15 | $47 | $81 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $144 | $471 | $853 |
| Value after costs | $10,356 | $11,106 | $11,910 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
IOEZX 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): 0.1442%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): $2.8M
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $978K
- Net income from securities lending: $8K (0.027% of average net assets)
IOEZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER | $16K | 36.94% |
| ROYAL BANK OF CANADA CAPITAL MARKETS | $13K | 29.18% |
| FERRETTI GROUP | $8K | 18.84% |
| CAPITAL INSTITUTIONAL SERVICES (CAPIS) | $4K | 9.44% |
| HSBC SECURITIES | $1K | 3.28% |
| THE BENCHMARK COMPANY LLC | $900 | 2.08% |
| BLOOMBERG | $104 | 0.24% |
IOEZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD | $1.2M | 44.50% |
| ROBERT W. BAIRD & CO. | $785K | 28.52% |
| OPPENHEIMER & CO | $742K | 26.98% |
ICON Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IOEZX | Institutional Class | 1.23% | — |
| IEQAX | Investor Class | 1.48% | — |
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.