DCFZX Fees and Costs — Destinations Core Fixed Income Fund, Class Z
Data updated: 2026-07-20
The net expense ratio is 0.72%: a 0.65% management fee plus 0.10% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $24K in broker commissions, 0.0016% of average net assets, and portfolio turnover was 167%.
DCFZX Fees and Expenses
Annual operating expenses and sales charges of DCFZX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.75% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.72% |
| 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 | No |
DCFZX Costs Over Time
On $10,000 invested in DCFZX, assuming 5% a year before costs, total costs come to $454 over 5 years, cutting the return by 0.76% 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 0.72%) | $76 | $237 | $411 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $249 | $454 |
| Value after costs | $10,424 | $11,327 | $12,309 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
DCFZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0016%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $5.2B
- Portfolio turnover (prospectus): 167%
- Securities on loan, average value: $139K
- Net income from securities lending: $1K (0.000% of average net assets)
DCFZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $15K | 59.80% |
| Goldman Sachs & Co, LLC | $10K | 40.20% |
DCFZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $1.2B | 26.18% |
| Goldman Sachs & Co, LLC | $827.3M | 18.19% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $722.9M | 15.90% |
| J.P. MORGAN SECURITIES LLC | $657.0M | 14.45% |
| BARCLAYS CAPITAL INC. | $413.7M | 9.10% |
| Citigroup Global Markets Inc. | $274.6M | 6.04% |
| Wells Fargo Securities LLC | $134.2M | 2.95% |
| Nomura Holdings Inc. | $132.8M | 2.92% |
| GX CLARKE & CO | $99.0M | 2.18% |
| Mizuho Securities USA LLC | $95.8M | 2.11% |
Destinations Core Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DCFZX | Class Z | 0.72% | — |
| DCFFX | Class I | 0.87% | — |
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.