DALCX Fees and Costs — Dean Mid Cap Value Fund
Data updated: 2026-08-24
The net expense ratio is 0.85%: a 0.75% management fee plus 0.21% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $40K in broker commissions, 0.0184% of average net assets, and portfolio turnover was 111%.
DALCX Fees and Expenses
Annual operating expenses and sales charges of DALCX. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.21% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.85% |
| 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 |
DALCX Costs Over Time
On $10,000 invested in DALCX, assuming 5% a year before costs, total costs come to $545 over 5 years, cutting the return by 0.91% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $299 | $545 |
| Value after costs | $10,409 | $11,277 | $12,218 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
DALCX 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): 0.0184%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 111%
- Securities lending: none during the year
DALCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD & CO. INCORPORATED | $21K | 52.94% |
| BLOOMBERG TRADEBOOK LLC | $10K | 24.83% |
| J. P. MORGAN SECURITIES LLC | $9K | 22.24% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.