DGFFX Fees and Costs — Destinations Global Fixed Income Opportunities Fund, Class I
Data updated: 2026-07-20
The net expense ratio is 1.08% (1.16% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $90K in broker commissions, 0.0128% of average net assets, and portfolio turnover was 104%.
DGFFX Fees and Expenses
Annual operating expenses and sales charges of DGFFX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.08% |
| 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 | No |
DGFFX Costs Over Time
On $10,000 invested in DGFFX, assuming 5% a year before costs, total costs come to $682 over 5 years, cutting the return by 1.15% 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 1.08%) | $113 | $353 | $612 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $375 | $682 |
| Value after costs | $10,385 | $11,201 | $12,081 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
DGFFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0128%
- Total broker commissions: $90K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 104%
- Securities on loan, average value: $9.6M
- Net income from securities lending: $206K (0.029% of average net assets)
DGFFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $29K | 32.45% |
| Goldman Sachs & Co, LLC | $17K | 18.97% |
| RAYMOND JAMES (USA) LTD. | $13K | 13.87% |
| TD Securities (USA) LLC. | $9K | 9.93% |
| Mizuho Securities USA LLC | $7K | 8.26% |
| BNY MELLON CAPITAL MARKETS, LLC | $7K | 7.88% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY | $4K | 4.01% |
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $3K | 3.31% |
| BNP Paribas Securities Corp. | $1K | 1.18% |
| Cantor Fitzgerald & Co. | $124 | 0.14% |
DGFFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $175.1M | 18.40% |
| J.P. MORGAN SECURITIES LLC | $131.7M | 13.84% |
| Goldman Sachs & Co, LLC | $125.9M | 13.23% |
| Citigroup Global Markets Inc. | $114.0M | 11.98% |
| BARCLAYS CAPITAL INC. | $84.2M | 8.85% |
| MORGAN STANLEY & CO. LLC | $82.9M | 8.71% |
| Jefferies LLC | $73.3M | 7.70% |
| Jane Street Execution Services, Llc | $64.5M | 6.78% |
| MARKETAXESS CORPORATION | $51.2M | 5.38% |
| Wells Fargo Securities LLC | $48.8M | 5.12% |
Destinations Global Fixed Income Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DGFZX | Class Z | 0.93% | — |
| DGFFX | Class I | 1.08% | — |
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.