DCDEX Fees and Costs — DuPont Capital Emerging Markets Debt Fund, Class I
Data updated: 2021-03-19
The net expense ratio is 0.89%: a 0.60% management fee plus 3.07% other expenses, less a 2.78% fee waiver. This share class carries a redemption fee of 2.00%. Portfolio turnover was 5%.
DCDEX Fees and Expenses
Annual operating expenses and sales charges of DCDEX. Prospectus, as of August 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.07% |
| Gross expense ratio | 3.67% |
| Fee waiver | −2.78% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DCDEX Costs Over Time
On $10,000 invested in DCDEX, assuming 5% a year before costs, total costs come to $558 over 5 years, cutting the return by 0.93% 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 0.89%) | $93 | $292 | $507 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $306 | $558 |
| Value after costs | $10,407 | $11,270 | $12,205 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
DCDEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $489K
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
DCDEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $252K | 51.65% |
| BARCLAYS CAPITAL, INC. | $199K | 40.71% |
| DEUTSCHE BANK SECURITIES, INC. | $37K | 7.64% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.