DGMIX Fees and Costs — DGHM MicroCap Value Fund, Institutional Class
Data updated: 2021-05-14
The net expense ratio is 1.19% (1.57% before fee waivers). This share class carries a redemption fee of 1.00%. In fiscal 2021 the fund paid $76K in broker commissions, 0.2608% of average net assets, and portfolio turnover was 35%.
DGMIX Fees and Expenses
Annual operating expenses and sales charges of DGMIX. Prospectus, as of June 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.57% |
| Fee waiver | −0.38% |
| Net expense ratio | 1.19% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DGMIX Costs Over Time
On $10,000 invested in DGMIX, assuming 5% a year before costs, total costs come to $899 over 5 years, cutting the return by 1.52% 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 1.19%) | $125 | $388 | $670 |
| Trading costs (broker commissions) | $27 | $85 | $147 |
| Lost growth on money paid in costs | $0 | $23 | $83 |
| Total costs | $152 | $497 | $899 |
| Value after costs | $10,348 | $11,080 | $11,863 |
| Impact on return, per year | 1.52% | 1.52% | 1.52% |
DGMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.2608%
- Total broker commissions: $76K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
DGMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| COWEN AND COMPANY | $25K | 35.64% |
| RBC CAPITAL MARKETS, LLC | $18K | 25.63% |
| ITG INC. | $8K | 11.88% |
| LIQUIDNET, INC. | $8K | 11.01% |
| INSTINET, LLC | $6K | 8.18% |
| Stephens Inc. | $1K | 1.84% |
| ISI Group Equities | $1K | 1.61% |
| Wolfe Research Securities | $1K | 1.60% |
| Jefferies LLC | $1K | 1.48% |
| Keybanc Capital Markets, Inc. | $793 | 1.13% |
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.