DDDIX Fees and Costs — 13D Activist Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 1.51%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $144K in broker commissions, 0.1161% of average net assets, and portfolio turnover was 88%.
DDDIX Fees and Expenses
Annual operating expenses and sales charges of DDDIX. Prospectus, as of April 14, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.51% |
| Fee waiver | — |
| Net expense ratio | 1.51% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DDDIX Costs Over Time
On $10,000 invested in DDDIX, assuming 5% a year before costs, total costs come to $1,004 over 5 years, cutting the return by 1.71% 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 1.51%) | $159 | $491 | $847 |
| Trading costs (broker commissions) | $12 | $38 | $65 |
| Lost growth on money paid in costs | $0 | $26 | $93 |
| Total costs | $171 | $556 | $1,004 |
| Value after costs | $10,329 | $11,021 | $11,758 |
| Impact on return, per year | 1.71% | 1.71% | 1.71% |
DDDIX 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): 0.1161%
- Total broker commissions: $144K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 88%
- Securities lending: none during the year
DDDIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen Group | $144K | 100.00% |
13D Activist Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DDDIX | Class I | 1.51% | none |
| DDDAX | Class A | 1.76% | 5.75% |
| DDDCX | Class C | 2.51% | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.