DCMEX Fees and Costs — DuPont Capital Emerging Markets Fund, Class I
Data updated: 2021-07-09
The net expense ratio is 1.28%: a 1.05% management fee plus 1.31% other expenses, less a 1.09% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2021 the fund paid $34K in broker commissions, 0.1378% of average net assets, and portfolio turnover was 53%.
DCMEX Fees and Expenses
Annual operating expenses and sales charges of DCMEX. Prospectus, as of August 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.31% |
| Gross expense ratio | 2.37% |
| Fee waiver | −1.09% |
| Net expense ratio | 1.28% |
| 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 |
DCMEX Costs Over Time
On $10,000 invested in DCMEX, assuming 5% a year before costs, total costs come to $879 over 5 years, cutting the return by 1.49% 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 1.28%) | $134 | $418 | $721 |
| Trading costs (broker commissions) | $14 | $45 | $78 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $149 | $485 | $879 |
| Value after costs | $10,351 | $11,091 | $11,883 |
| Impact on return, per year | 1.49% | 1.49% | 1.49% |
DCMEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1378%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
DCMEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $12K | 35.46% |
| CREDIT SUISSE SECURITIES (USA) LLC | $7K | 19.59% |
| CREDIT AGRICOLE SECURITIES (USA), INC. | $7K | 19.53% |
| Itau Unibanco S.A. | $5K | 13.80% |
| UBS Securities LLC | $2K | 5.43% |
| HSBC SECURITIES (USA) INC. | $1K | 4.12% |
| XTELLUS CAPITAL PARTNERS, INC. | $523 | 1.54% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $160 | 0.47% |
| SANFORD C. BERNSTEIN & CO., LLC | $17 | 0.05% |
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.