CDCDX Fees and Costs — The Community Development Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.00%: a 0.30% management fee, a 0.25% 12b-1 fee plus 0.49% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 29%.
CDCDX Fees and Expenses
Annual operating expenses and sales charges of CDCDX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
CDCDX Costs Over Time
On $10,000 invested in CDCDX, assuming 5% a year before costs, total costs come to $626 over 5 years, cutting the return by 1.05% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $344 | $626 |
| Value after costs | $10,395 | $11,232 | $12,137 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
CDCDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0007%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $254.5M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
CDCDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC | $2K | 100.00% |
CDCDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $47.4M | 23.03% |
| WELLS FARGO | $31.9M | 15.50% |
| MORGAN STANLEY & CO, INC | $26.0M | 12.63% |
| J P MORGAN CHASE BANK | $23.4M | 11.39% |
| STIFEL NICOLAUS & CO., INC. | $18.5M | 8.99% |
| PNC CAPITAL MARKETS | $13.9M | 6.75% |
| BARCLAY BANK PLC | $11.9M | 5.79% |
| BNP PARIBAS | $11.4M | 5.52% |
| MIZUHO SECURITIES | $11.0M | 5.34% |
| CITIGROUP | $10.4M | 5.05% |
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.