DCRE Fees and Costs — DoubleLine Commercial Real Estate ETF
Data updated: 2026-08-20
The net expense ratio is 0.39%. There are no sales loads or redemption fees. Portfolio turnover was 66%.
DCRE Fees and Expenses
Annual operating expenses and sales charges of DCRE. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| 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 |
DCRE Costs Over Time
On $10,000 invested in DCRE, assuming 5% a year before costs, total costs come to $247 over 5 years, cutting the return by 0.41% 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 0.39%) | $41 | $129 | $224 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $135 | $247 |
| Value after costs | $10,459 | $11,441 | $12,516 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
DCRE 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): $703.2M
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
DCRE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $409.5M | 64.58% |
| Morgan Stanley & Co. LLC | $42.6M | 6.71% |
| StoneX Financial, Inc | $33.8M | 5.33% |
| Goldman Sachs & Co. LLC | $32.9M | 5.19% |
| Wells Fargo Securities, LLC | $29.2M | 4.60% |
| BofA Securities, Inc. | $21.1M | 3.32% |
| Barclays Capital, Inc. | $19.7M | 3.10% |
| BMO Nesbitt Burns Securities Ltd. | $18.0M | 2.84% |
| Deutsche Bank Securities Inc. | $14.0M | 2.21% |
| BNP Paribas Securities Corp. | $13.4M | 2.11% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.