ISTIX Fees and Costs — Nomura Science and Technology Fund, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 0.91%: a 0.79% management fee plus 0.13% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.4M in broker commissions, 0.0220% of average net assets, and portfolio turnover was 58%.
ISTIX Fees and Expenses
Annual operating expenses and sales charges of ISTIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.91% |
| 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 | No |
| Waived fees subject to recoupment | No |
ISTIX Costs Over Time
On $10,000 invested in ISTIX, assuming 5% a year before costs, total costs come to $584 over 5 years, cutting the return by 0.98% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $98 | $321 | $584 |
| Value after costs | $10,402 | $11,256 | $12,179 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
ISTIX 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): 0.0220%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): $1.8M
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
ISTIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $374K | 33.42% |
| J.P. Morgan Securities LLC | $162K | 14.42% |
| BARCLAYS CAPITAL, INC. | $158K | 14.09% |
| MORGAN STANLEY & CO. LLC | $97K | 8.65% |
| UBS SECURITIES LLC | $93K | 8.30% |
| JEFFERIES LLC | $58K | 5.13% |
| LIQUIDNET, INC. | $47K | 4.17% |
| RBC CAPITAL MARKETS, LLC | $46K | 4.10% |
| BOFA SECURITIES, INC. | $44K | 3.88% |
| CitiGroup Global Markets Inc. | $43K | 3.83% |
ISTIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $1.8M | 100.00% |
Nomura Science and Technology Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ISTNX | Class R6 | 0.84% | none |
| ISTIX | Institutional Class | 0.91% | none |
| WSTAX | Class A | 1.16% | 5.75% |
| WSTYX | Class Y | 1.16% | none |
| WSTRX | Class R | 1.41% | none |
| WSTCX | Class C | 1.91% | 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.