DFSLX Fees and Costs — Df Dent Small Cap Growth Fund
Data updated: 2026-08-26
The net expense ratio is 0.85%: a 0.85% management fee plus 0.30% other expenses, less a 0.31% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $122K in broker commissions, 0.0712% of average net assets, and portfolio turnover was 36%.
DFSLX Fees and Expenses
Annual operating expenses and sales charges of DFSLX. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.31% |
| Net expense ratio | 0.85% |
| 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 |
DFSLX Costs Over Time
On $10,000 invested in DFSLX, assuming 5% a year before costs, total costs come to $577 over 5 years, cutting the return by 0.97% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $7 | $23 | $41 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $577 |
| Value after costs | $10,403 | $11,259 | $12,186 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
DFSLX 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): 0.0712%
- Total broker commissions: $122K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
DFSLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $39K | 31.70% |
| RAYMOND JAMES & ASSOCIATES, INC. | $36K | 29.35% |
| ROBERT W. BAIRD & CO. INCORPORATED | $31K | 25.18% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $13K | 10.76% |
| STEPHENS, INC. | $3K | 2.80% |
| ROSENBLATT (RICHARD A) & COMPANY | $250 | 0.20% |
Df Dent Small Cap 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 |
|---|---|---|---|
| DFSLX | C000256263 | 0.85% | — |
| DFSGX | Institutional Shares | 0.95% | — |
| DFDSX | Investor Shares | 1.05% | — |
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.