DDJIX Fees and Costs — Polen Opportunistic High Yield Fund, Class Y
Data updated: 2026-09-22
The net expense ratio is 0.79%: a 0.70% management fee plus 0.11% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $16 in broker commissions, and portfolio turnover was 74%.
DDJIX Fees and Expenses
Annual operating expenses and sales charges of DDJIX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | — |
| Other expenses | 0.11% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.79% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DDJIX Costs Over Time
On $10,000 invested in DDJIX, assuming 5% a year before costs, total costs come to $496 over 5 years, cutting the return by 0.83% 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 0.79%) | $83 | $259 | $451 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $272 | $496 |
| Value after costs | $10,417 | $11,304 | $12,267 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
DDJIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $16
- Bought from dealers (principal trades, not a cost): $404.4M
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
DDJIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $16 | 100.00% |
DDJIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $56.5M | 16.95% |
| MORGAN STANLEY & CO. LLC | $52.2M | 15.65% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $51.3M | 15.38% |
| JP MORGAN SECURITIES LLC | $39.6M | 11.87% |
| JEFFERIES LLC | $38.1M | 11.44% |
| CitiGroup Global Markets Inc. | $26.3M | 7.89% |
| BARCLAYS CAPITAL, INC. | $18.5M | 5.56% |
| DEUTSCHE BANK SECURITIES, INC. | $18.1M | 5.43% |
| WELLS FARGO SECURITIES, LLC | $17.2M | 5.16% |
| UBS SECURITIES LLC | $15.6M | 4.67% |
Polen Opportunistic High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DDJIX | Class Y | 0.79% | — |
| DDJCX | Institutional Class | 0.89% | — |
| DDJRX | Investor Class | 1.14% | — |
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.