DAACX Fees and Costs — Diversified Equity Fund
Data updated: 2026-10-14
The net expense ratio is 0.73%: a 0.20% management fee plus 0.53% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $14K in broker commissions, 0.0038% of average net assets, and portfolio turnover was 92%.
DAACX Fees and Expenses
Annual operating expenses and sales charges of DAACX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
DAACX Costs Over Time
On $10,000 invested in DAACX, assuming 5% a year before costs, total costs come to $461 over 5 years, cutting the return by 0.77% 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 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $253 | $461 |
| Value after costs | $10,423 | $11,323 | $12,301 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
DAACX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0038%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $5.1M
- Portfolio turnover (prospectus): 92%
DAACX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $4K | 29.69% |
| UBS SECURITIES | $2K | 15.24% |
| CITIGROUP | $2K | 15.06% |
| BARCLAY BANK PLC | $2K | 12.83% |
| GOLDMAN, SACHS & CO. | $2K | 11.94% |
| MORGAN STANLEY & CO, INC | $2K | 11.48% |
| BAML | $187 | 1.33% |
| JEFFERIES LLC | $122 | 0.87% |
| SOCIETE GENERALE | $120 | 0.85% |
| FIDELITY CAPITAL MARKETS | $99 | 0.71% |
DAACX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $5.0M | 98.03% |
| MORGAN STANLEY & CO, INC | $68K | 1.33% |
| BARCLAY BANK PLC | $26K | 0.51% |
| CITIGROUP | $7K | 0.14% |
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.