DIEZX Fees and Costs — Destinations International Equity Fund, Class Z
Data updated: 2026-07-20
The net expense ratio is 0.92%: a 1.00% management fee plus 0.13% other expenses, less a 0.22% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.2M in broker commissions, 0.0589% of average net assets, and portfolio turnover was 54%.
DIEZX Fees and Expenses
Annual operating expenses and sales charges of DIEZX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.22% |
| Net expense ratio | 0.92% |
| 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 |
DIEZX Costs Over Time
On $10,000 invested in DIEZX, assuming 5% a year before costs, total costs come to $613 over 5 years, cutting the return by 1.03% 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 0.92%) | $97 | $301 | $523 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $337 | $613 |
| Value after costs | $10,397 | $11,240 | $12,150 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
DIEZX 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): 0.0589%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 54%
- Securities on loan, average value: $20.1M
- Net income from securities lending: $131K (0.007% of average net assets)
DIEZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $154K | 17.77% |
| J.P. MORGAN SECURITIES LLC | $121K | 13.96% |
| Goldman Sachs & Co, LLC | $116K | 13.36% |
| UBS Securities LLC | $102K | 11.74% |
| Jefferies LLC | $96K | 11.10% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $71K | 8.23% |
| BNP Paribas Securities Corp. | $59K | 6.80% |
| INSTINET, LLC | $52K | 6.00% |
| CREDIT LYONNAIS | $52K | 5.95% |
| HSBC SECURITIES (USA) INC. | $44K | 5.09% |
DIEZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $1.8B | 89.57% |
| J.P. MORGAN SECURITIES LLC | $145.2M | 7.39% |
| MORGAN STANLEY & CO. LLC | $32.1M | 1.63% |
| Goldman Sachs & Co, LLC | $16.3M | 0.83% |
| BNY MELLON CAPITAL MARKETS, LLC | $8.9M | 0.45% |
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $1.9M | 0.10% |
| STATE STREET GLOBAL MARKETS, LLC | $522K | 0.03% |
| Mitsubishi UFJ Trust and Banking Corporation | $20K | 0.00% |
| Virtu Americas LLC | $19K | 0.00% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $1K | 0.00% |
Destinations International Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DIEZX | Class Z | 0.92% | — |
| DIEFX | Class I | 1.07% | — |
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.