IYEFX Fees and Costs — Nomura Climate Solutions Fund, Class R
Data updated: 2026-08-26
The net expense ratio is 1.49%: a 0.85% management fee, a 0.50% 12b-1 fee plus 0.52% other expenses, less a 0.38% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $53K in broker commissions, 0.0517% of average net assets, and portfolio turnover was 29%.
IYEFX Fees and Expenses
Annual operating expenses and sales charges of IYEFX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.87% |
| Fee waiver | −0.38% |
| Net expense ratio | 1.49% |
| 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 |
IYEFX Costs Over Time
On $10,000 invested in IYEFX, assuming 5% a year before costs, total costs come to $954 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 |
| Fund expenses (net expense ratio 1.49%) | $156 | $485 | $837 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $162 | $527 | $954 |
| Value after costs | $10,338 | $11,049 | $11,809 |
| Impact on return, per year | 1.62% | 1.62% | 1.62% |
IYEFX 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): 0.0517%
- Total broker commissions: $53K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
IYEFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $16K | 30.71% |
| UBS SECURITIES LLC | $8K | 16.63% |
| RBC CAPITAL MARKETS, LLC | $6K | 12.47% |
| BARCLAYS CAPITAL, INC. | $5K | 10.13% |
| CIBC WORLD MARKETS CORP. | $4K | 7.71% |
| GOLDMAN SACHS & CO. LLC | $3K | 6.57% |
| CitiGroup Global Markets Inc. | $3K | 6.43% |
| BOFA SECURITIES, INC. | $3K | 4.97% |
| BNP PARIBAS SECURITIES CORP. | $1K | 2.92% |
| J.P. Morgan Securities LLC | $747 | 1.46% |
Nomura Climate Solutions Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IENRX | Class R6 | 0.84% | none |
| IVEIX | Institutional Class | 0.99% | none |
| IEYAX | Class A | 1.24% | 5.75% |
| IEYYX | Class Y | 1.24% | none |
| IYEFX | Class R | 1.49% | none |
| IEYCX | Class C | 1.99% | 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.