DDZRX Fees and Costs — Nomura Value Fund, Class R6
Data updated: 2026-07-27
The net expense ratio is 0.65%: a 0.58% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $974K in broker commissions, 0.0403% of average net assets, and portfolio turnover was 46%.
DDZRX Fees and Expenses
Annual operating expenses and sales charges of DDZRX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DDZRX Costs Over Time
On $10,000 invested in DDZRX, assuming 5% a year before costs, total costs come to $434 over 5 years, cutting the return by 0.72% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $72 | $238 | $434 |
| Value after costs | $10,428 | $11,338 | $12,328 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
DDZRX 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): 0.0403%
- Total broker commissions: $974K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
DDZRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $116K | 17.16% |
| BARCLAYS CAPITAL, INC. | $95K | 14.03% |
| J.P. Morgan Securities LLC | $88K | 12.99% |
| BOFA SECURITIES, INC. | $74K | 10.94% |
| CitiGroup Global Markets Inc. | $58K | 8.61% |
| UBS Securities LLC | $58K | 8.53% |
| TD SECURITIES (USA) LLC | $57K | 8.45% |
| GOLDMAN SACHS & CO. LLC | $56K | 8.28% |
| BTIG, LLC | $38K | 5.64% |
| VIRTU AMERICAS LLC | $36K | 5.38% |
Nomura Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DDZRX | Class R6 | 0.65% | none |
| DDVIX | Institutional Class | 0.70% | none |
| DDVAX | Class A | 0.95% | 5.75% |
| DDVRX | Class R | 1.20% | none |
| DDVCX | Class C | 1.70% | 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.