DCMT Fees and Costs — DoubleLine Commodity Strategy ETF
Data updated: 2026-08-20
The net expense ratio is 0.66%. There are no sales loads or redemption fees. Portfolio turnover was 82%.
DCMT Fees and Expenses
Annual operating expenses and sales charges of DCMT. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DCMT Costs Over Time
On $10,000 invested in DCMT, assuming 5% a year before costs, total costs come to $416 over 5 years, cutting the return by 0.69% 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 0.66%) | $69 | $217 | $378 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $228 | $416 |
| Value after costs | $10,431 | $11,349 | $12,347 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
DCMT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $155.3M
- Portfolio turnover (prospectus): 82%
- Securities lending: none during the year
DCMT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $101.5M | 65.36% |
| Bank of Montreal | $23.2M | 14.92% |
| Nomura Securities International, Inc. | $12.0M | 7.74% |
| Citadel Securities LLC | $9.9M | 6.36% |
| Deutsche Bank Securities Inc. | $6.5M | 4.21% |
| BofA Securities, Inc. | $2.2M | 1.41% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.