DIHRX Fees and Costs — International High Relative Profitability Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.29%: a 0.25% management fee plus 0.05% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $102K in broker commissions, 0.0063% of average net assets, and portfolio turnover was 14%.
DIHRX Fees and Expenses
Annual operating expenses and sales charges of DIHRX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.30% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.29% |
| 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 |
DIHRX Costs Over Time
On $10,000 invested in DIHRX, assuming 5% a year before costs, total costs come to $188 over 5 years, cutting the return by 0.31% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $31 | $103 | $188 |
| Value after costs | $10,469 | $11,474 | $12,575 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
DIHRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0063%
- Total broker commissions: $102K
- Bought from dealers (principal trades, not a cost): $3.8M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $78.2M
- Net income from securities lending: $534K (0.033% of average net assets)
DIHRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $34K | 32.82% |
| Jefferies LLC | $29K | 28.51% |
| Virtu Americas LLC | $23K | 22.53% |
| UBS Securities LLC | $12K | 11.74% |
| Citigroup Global Markets Inc. | $3K | 2.51% |
| Goldman Sachs & Co. LLC | $1K | 1.07% |
| Loop Capital Markets LLC | $843 | 0.83% |
DIHRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $130K | 47.29% |
| State Street Bank and Trust Company | $86K | 31.42% |
| Macquarie Capital (USA) Inc. | $58K | 21.29% |
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.