DCZRX Fees and Costs — Nomura Small Cap Core Fund, Class R6
Data updated: 2026-07-27
The net expense ratio is 0.69%: a 0.63% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.7M in broker commissions, 0.0380% of average net assets, and portfolio turnover was 26%.
DCZRX Fees and Expenses
Annual operating expenses and sales charges of DCZRX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DCZRX Costs Over Time
On $10,000 invested in DCZRX, assuming 5% a year before costs, total costs come to $458 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $4 | $12 | $22 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $251 | $458 |
| Value after costs | $10,424 | $11,325 | $12,305 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
DCZRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0380%
- Total broker commissions: $2.7M
- Bought from dealers (principal trades, not a cost): $58.0M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
DCZRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $372K | 19.75% |
| MORGAN STANLEY & CO. LLC | $278K | 14.76% |
| J.P. Morgan Securities LLC | $226K | 12.02% |
| CITIGROUP GLOBAL MARKETS INC. | $198K | 10.52% |
| GOLDMAN SACHS & CO. LLC | $196K | 10.39% |
| RBC CAPITAL MARKETS, LLC | $169K | 8.97% |
| UBS Securities LLC | $154K | 8.16% |
| JEFFERIES LLC | $117K | 6.20% |
| TD SECURITIES (USA) LLC | $91K | 4.83% |
| BTIG, LLC | $83K | 4.39% |
DCZRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $29.0M | 50.10% |
| MORGAN STANLEY & CO. LLC | $9.5M | 16.44% |
| BOFA SECURITIES, INC. | $8.7M | 15.00% |
| BARCLAYS CAPITAL, INC. | $8.1M | 13.96% |
| GOLDMAN SACHS & CO. LLC | $2.6M | 4.51% |
Nomura Small Cap Core Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DCZRX | Class R6 | 0.69% | none |
| DCCIX | Institutional Class | 0.79% | none |
| DCCAX | Class A | 1.04% | 5.75% |
| DCCRX | Class R | 1.29% | none |
| DCCCX | Class C | 1.79% | none |
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.