ISGEX Fees and Costs — Nomura Small Cap Growth Fund, Class E
Data updated: 2026-08-26
The net expense ratio is 1.30%: a 0.83% management fee, a 0.25% 12b-1 fee plus 0.35% other expenses, less a 0.14% fee waiver. This share class carries a maximum front-end sales load of 2.50% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $729K in broker commissions, 0.0675% of average net assets, and portfolio turnover was 62%.
ISGEX Fees and Expenses
Annual operating expenses and sales charges of ISGEX. Prospectus, as of March 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.43% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
ISGEX Costs Over Time
On $10,000 invested in ISGEX, assuming 5% a year before costs, total costs come to $1,147 over 5 years, cutting the return by 1.96% 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 | $351 | $250 | $250 |
| Fund expenses (net expense ratio 1.30%) | $133 | $414 | $715 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $12 | $61 | $145 |
| Total costs | $503 | $746 | $1,147 |
| Value after costs | $9,997 | $10,830 | $11,616 |
| Impact on return, per year | 5.03% | 2.31% | 1.96% |
ISGEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0675%
- Total broker commissions: $729K
- Bought from dealers (principal trades, not a cost): $14.7M
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
ISGEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $99K | 18.97% |
| GOLDMAN SACHS & CO. LLC | $76K | 14.56% |
| J.P. Morgan Securities LLC | $75K | 14.26% |
| MORGAN STANLEY & CO. LLC | $70K | 13.30% |
| UBS SECURITIES LLC | $53K | 10.02% |
| JEFFERIES LLC | $37K | 7.01% |
| CitiGroup Global Markets Inc. | $34K | 6.54% |
| BTIG, LLC | $32K | 6.06% |
| TD SECURITIES (USA) LLC | $27K | 5.08% |
| VIRTU AMERICAS LLC | $22K | 4.21% |
ISGEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $3.7M | 25.07% |
| BOFA SECURITIES, INC. | $3.1M | 21.04% |
| JEFFERIES LLC | $2.9M | 19.97% |
| BARCLAYS CAPITAL, INC. | $2.1M | 14.34% |
| CANTOR FITZGERALD & CO. | $1.6M | 10.89% |
| Truist Securities, Inc. | $848K | 5.79% |
| J.P. Morgan Securities LLC | $406K | 2.77% |
| KEYBANC CAPITAL MARKETS, INC. | $19K | 0.13% |
Nomura Small Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IRGFX | Class R6 | 0.76% | none |
| IYSIX | Institutional Class | 0.85% | none |
| WSCYX | Class Y | 1.10% | none |
| WSGAX | Class A | 1.10% | 5.75% |
| ISGEX | Class E | 1.30% | 2.50% |
| WSGRX | Class R | 1.35% | none |
| WRGCX | Class C | 1.85% | 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.