DIDEX Fees and Costs — Driehaus International Developed Equity Fund
Data updated: 2026-08-26
The net expense ratio is 0.81%: a 0.70% management fee plus 3.15% other expenses, less a 3.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.1254% of average net assets, and portfolio turnover was 94%.
DIDEX Fees and Expenses
Annual operating expenses and sales charges of DIDEX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | — |
| Other expenses | 3.15% |
| Gross expense ratio | 3.86% |
| Fee waiver | −3.05% |
| Net expense ratio | 0.81% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DIDEX Costs Over Time
On $10,000 invested in DIDEX, assuming 5% a year before costs, total costs come to $586 over 5 years, cutting the return by 0.98% 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 0.81%) | $85 | $266 | $461 |
| Trading costs (broker commissions) | $13 | $41 | $71 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $322 | $586 |
| Value after costs | $10,402 | $11,254 | $12,177 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
DIDEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1254%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $5.2M
- Portfolio turnover (prospectus): 94%
- Securities lending: none during the year
DIDEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $790 | 27.10% |
| Cabrera Capital Markets LLC | $505 | 17.31% |
| J.P. Morgan Securities LLC | $369 | 12.67% |
| RBC CAPITAL MARKETS, LLC | $302 | 10.34% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $270 | 9.24% |
| MORGAN STANLEY & CO. LLC | $201 | 6.90% |
| NORTH SOUTH CAPITAL LLC | $171 | 5.88% |
| BARCLAYS CAPITAL INC. | $137 | 4.71% |
| JEFFERIES LLC. | $86 | 2.95% |
| ODDO BHF NEW YORK CORPORATION | $84 | 2.90% |
DIDEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $5.2M | 100.00% |
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.