IVHEX Fees and Costs — Nomura High Income Fund, Class E
Data updated: 2026-08-26
The net expense ratio is 1.04%: a 0.53% management fee, a 0.25% 12b-1 fee plus 0.43% other expenses, less a 0.17% 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%. Portfolio turnover was 34%.
IVHEX Fees and Expenses
Annual operating expenses and sales charges of IVHEX. Prospectus, as of March 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.21% |
| Fee waiver | −0.17% |
| Net expense ratio | 1.04% |
| 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 |
IVHEX Costs Over Time
On $10,000 invested in IVHEX, assuming 5% a year before costs, total costs come to $953 over 5 years, cutting the return by 1.62% 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 1.04%) | $106 | $332 | $576 |
| Lost growth on money paid in costs | $12 | $56 | $127 |
| Total costs | $470 | $638 | $953 |
| Value after costs | $10,030 | $10,938 | $11,810 |
| Impact on return, per year | 4.70% | 1.97% | 1.62% |
IVHEX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
IVHEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $245.7M | 21.25% |
| CitiGroup Global Markets Inc. | $204.2M | 17.66% |
| BOFA SECURITIES, INC. | $123.4M | 10.67% |
| WELLS FARGO SECURITIES, LLC | $113.8M | 9.84% |
| MORGAN STANLEY & CO. LLC | $101.9M | 8.81% |
| BARCLAYS CAPITAL, INC. | $100.3M | 8.67% |
| GOLDMAN SACHS & CO. LLC | $78.5M | 6.78% |
| RBC CAPITAL MARKETS, LLC | $65.8M | 5.69% |
| JEFFERIES LLC | $63.9M | 5.53% |
| DEUTSCHE BANK SECURITIES, INC. | $59.0M | 5.10% |
Nomura High 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 |
|---|---|---|---|
| IHIFX | Class R6 | 0.54% | none |
| IVHIX | Institutional Class | 0.62% | none |
| WHIAX | Class A | 0.87% | 4.50% |
| WHIYX | Class Y | 0.87% | none |
| IVHEX | Class E | 1.04% | 2.50% |
| IYHIX | Class R | 1.12% | none |
| WRHIX | Class C | 1.62% | 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.