DFELX Fees and Costs — Enhanced U.s. Large Company Portfolio, Portfolio Shares
Data updated: 2026-09-24
The net expense ratio is 0.15%: a 0.12% management fee plus 0.06% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0058% of average net assets, and portfolio turnover was 86%.
DFELX Fees and Expenses
Annual operating expenses and sales charges of DFELX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.18% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.15% |
| 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 |
DFELX Costs Over Time
On $10,000 invested in DFELX, assuming 5% a year before costs, total costs come to $99 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $16 | $54 | $99 |
| Value after costs | $10,484 | $11,522 | $12,664 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
DFELX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0058%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $784.0M
- Portfolio turnover (prospectus): 86%
- Securities on loan, average value: $489K
- Net income from securities lending: $3K (0.001% of average net assets)
DFELX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $13K | 100.00% |
DFELX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $86.7M | 14.74% |
| Barclays Capital Inc. | $76.6M | 13.01% |
| RBC Capital Markets, LLC | $69.4M | 11.79% |
| Wells Fargo Securities, LLC | $66.5M | 11.29% |
| Mizuho Securities USA LLC | $66.2M | 11.25% |
| Citigroup Global Markets Inc. | $60.0M | 10.20% |
| BofA Securities, Inc. | $58.8M | 10.00% |
| Goldman Sachs & Co. LLC | $44.3M | 7.52% |
| Morgan Stanley & Co. LLC | $40.6M | 6.89% |
| MarketAxess Corporation | $19.4M | 3.30% |
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.