DFEOX Fees and Costs — U.s. Core Equity 1 Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.15%: a 0.12% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $265K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 6%.
DFEOX Fees and Expenses
Annual operating expenses and sales charges of DFEOX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| 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 | No |
| Waived fees subject to recoupment | Yes |
DFEOX Costs Over Time
On $10,000 invested in DFEOX, assuming 5% a year before costs, total costs come to $96 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) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $96 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
DFEOX 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): 0.0007%
- Total broker commissions: $265K
- Bought from dealers (principal trades, not a cost): $3.0B
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $1.1B
- Net income from securities lending: $1.4M (0.004% of average net assets)
DFEOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $60K | 22.66% |
| Nomura Securities International, Inc. | $44K | 16.76% |
| Jefferies LLC | $42K | 15.86% |
| BofA Securities, Inc. | $42K | 15.81% |
| Goldman Sachs & Co. LLC | $36K | 13.52% |
| BNY Capital Markets, LLC | $23K | 8.67% |
| UBS Securities LLC | $6K | 2.41% |
| Stifel, Nicolaus & Company, Incorporated | $6K | 2.37% |
| JonesTrading Institutional Services LLC | $3K | 1.01% |
| BTIG, LLC | $2K | 0.93% |
DFEOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.9B | 99.86% |
| Jefferies LLC | $4.1M | 0.14% |
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.