IVSYX Fees and Costs — Nomura Global Bond Fund, Class Y
Data updated: 2026-08-26
The net expense ratio is 0.92%: a 0.63% management fee, a 0.25% 12b-1 fee plus 0.27% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $103K in broker commissions, 0.0232% of average net assets, and portfolio turnover was 141%.
IVSYX Fees and Expenses
Annual operating expenses and sales charges of IVSYX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.15% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.92% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
IVSYX Costs Over Time
On $10,000 invested in IVSYX, assuming 5% a year before costs, total costs come to $591 over 5 years, cutting the return by 0.99% 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 0.92%) | $97 | $302 | $523 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $324 | $591 |
| Value after costs | $10,401 | $11,252 | $12,172 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
IVSYX 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): 0.0232%
- Total broker commissions: $103K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 141%
- Securities lending: none during the year
IVSYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $54K | 52.11% |
| ADVANTAGE SECURITIES LLC | $24K | 23.73% |
| ARCHR LLP | $19K | 17.98% |
| DEUTSCHE BANK SECURITIES INC. | $2K | 2.36% |
| J.P. Morgan Securities LLC | $2K | 2.26% |
| BOSTON PARTNERS SECURITIES, L.L.C. | $2K | 1.48% |
| HSBC SECURITIES (USA) INC. | $93 | 0.09% |
IVSYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $618.9M | 42.84% |
| GOLDMAN SACHS & CO. LLC | $148.7M | 10.29% |
| CITADEL SECURITIES LLC | $119.0M | 8.23% |
| BOFA SECURITIES, INC. | $116.3M | 8.05% |
| MORGAN STANLEY & CO. LLC | $110.3M | 7.64% |
| CitiGroup Global Markets Inc. | $98.9M | 6.84% |
| SANTANDER INVESTMENT SECURITIES INC. | $69.2M | 4.79% |
| J.P. Morgan Securities LLC | $64.7M | 4.48% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $50.0M | 3.46% |
| DEUTSCHE BANK SECURITIES, INC. | $48.9M | 3.38% |
Nomura Global Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IVBDX | Class R6 | 0.56% | none |
| IVSIX | Institutional Class | 0.67% | none |
| IVSAX | Class A | 0.92% | 4.50% |
| IVSYX | Class Y | 0.92% | none |
| IYGOX | Class R | 1.17% | none |
| IVSCX | Class C | 1.67% | 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.