DFMLX Fees and Costs — Df Dent Midcap Growth Fund, Institutional Plus Shares
Data updated: 2026-08-26
The net expense ratio is 0.79%: a 0.75% management fee plus 0.20% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $113K in broker commissions, 0.0356% of average net assets, and portfolio turnover was 59%.
DFMLX Fees and Expenses
Annual operating expenses and sales charges of DFMLX. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.16% |
| 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 |
DFMLX Costs Over Time
On $10,000 invested in DFMLX, assuming 5% a year before costs, total costs come to $518 over 5 years, cutting the return by 0.87% 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 | $450 |
| Trading costs (broker commissions) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $87 | $284 | $518 |
| Value after costs | $10,413 | $11,292 | $12,245 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
DFMLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0356%
- Total broker commissions: $113K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
DFMLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD & CO. INCORPORATED | $46K | 40.69% |
| RAYMOND JAMES & ASSOCIATES, INC. | $38K | 34.08% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $15K | 13.71% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $12K | 10.85% |
| J.P. MORGAN SECURITIES LLC | $765 | 0.68% |
Df Dent Midcap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DFMLX | Institutional Plus Shares | 0.79% | — |
| DFMGX | Institutional Shares | 0.85% | — |
| DFDMX | Investor Shares | 0.93% | — |
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.