DAADX Fees and Costs — Emerging Markets ex China Core Equity Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.43%: a 0.33% management fee plus 0.12% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $409K in broker commissions, 0.0364% of average net assets, and portfolio turnover was 27%.
DAADX Fees and Expenses
Annual operating expenses and sales charges of DAADX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | — |
| Other expenses | 0.12% |
| Gross expense ratio | 0.45% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.43% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DAADX Costs Over Time
On $10,000 invested in DAADX, assuming 5% a year before costs, total costs come to $295 over 5 years, cutting the return by 0.49% 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 0.43%) | $45 | $142 | $247 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $161 | $295 |
| Value after costs | $10,451 | $11,415 | $12,468 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
DAADX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0364%
- Total broker commissions: $409K
- Bought from dealers (principal trades, not a cost): $2.7M
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $45.3M
- Net income from securities lending: $1.5M (0.133% of average net assets)
DAADX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $122K | 29.87% |
| Nomura Securities International, Inc. | $118K | 28.80% |
| Virtu Americas LLC | $113K | 27.64% |
| UBS Securities LLC | $40K | 9.75% |
| Citigroup Global Markets Inc. | $13K | 3.23% |
| Loop Capital Markets LLC | $2K | 0.38% |
| Goldman Sachs & Co. LLC | $1K | 0.25% |
| J.P. Morgan Securities LLC | $350 | 0.09% |
DAADX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $7 | 70.74% |
| Loop Capital Markets LLC | $3 | 29.26% |
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.