IRFAX Fees and Costs — Cohen & Steers International Realty Fund, Inc., Class A
Data updated: 2026-08-28
The net expense ratio is 1.35%: a 0.95% management fee, a 0.25% 12b-1 fee plus 0.34% other expenses, less a 0.19% fee waiver. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2025 the fund paid $357K in broker commissions, 0.1398% of average net assets, and portfolio turnover was 84%.
IRFAX Fees and Expenses
Annual operating expenses and sales charges of IRFAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.54% |
| Fee waiver | −0.19% |
| Net expense ratio | 1.35% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
IRFAX Costs Over Time
On $10,000 invested in IRFAX, assuming 5% a year before costs, total costs come to $1,456 over 5 years, cutting the return by 2.51% 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 | $450 | $450 | $450 |
| Fund expenses (net expense ratio 1.35%) | $135 | $420 | $725 |
| Trading costs (broker commissions) | $14 | $44 | $75 |
| Lost growth on money paid in costs | $22 | $94 | $206 |
| Total costs | $622 | $1,008 | $1,456 |
| Value after costs | $9,878 | $10,569 | $11,307 |
| Impact on return, per year | 6.22% | 3.14% | 2.51% |
IRFAX 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): 0.1398%
- Total broker commissions: $357K
- Bought from dealers (principal trades, not a cost): $122.0M
- Portfolio turnover (prospectus): 84%
- Securities lending: none during the year
IRFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $44K | 16.20% |
| UBS Securities LLC | $35K | 12.99% |
| Jefferies LLC | $35K | 12.83% |
| Citigroup Global Markets Inc. | $33K | 12.08% |
| BofA Securities, Inc. | $28K | 10.55% |
| Nomura Securities International, Inc. | $28K | 10.26% |
| SG Americas Securities, LLC | $19K | 6.91% |
| Daiwa Capital Markets America Inc. | $18K | 6.86% |
| Mizuho Securities USA LLC | $16K | 5.87% |
| Goldman Sachs & Co. LLC | $15K | 5.45% |
IRFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $117.2M | 96.06% |
| J.P. Morgan Securities LLC | $2.2M | 1.81% |
| Van Lanschot Kempen (USA) Inc. | $849K | 0.70% |
| Morgan Stanley & Co. LLC | $642K | 0.53% |
| SG Americas Securities, LLC | $565K | 0.46% |
| Carnegie, Inc. | $539K | 0.44% |
Cohen & Steers International Realty Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IRFFX | Class F | 1.00% | none |
| IRFIX | Class I | 1.00% | none |
| IRFZX | Class Z | 1.00% | none |
| IRFAX | Class A | 1.35% | 4.50% |
| IRFRX | Class R | 1.50% | none |
| IRFCX | Class C | 2.00% | 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.