DLCZX Fees and Costs — Destinations Large Cap Equity Fund, Class Z
Data updated: 2026-07-20
The net expense ratio is 0.70%: a 0.75% management fee plus 0.10% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $858K in broker commissions, 0.0237% of average net assets, and portfolio turnover was 98%.
DLCZX Fees and Expenses
Annual operating expenses and sales charges of DLCZX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.85% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.70% |
| 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 |
DLCZX Costs Over Time
On $10,000 invested in DLCZX, assuming 5% a year before costs, total costs come to $455 over 5 years, cutting the return by 0.76% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $2 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $250 | $455 |
| Value after costs | $10,424 | $11,327 | $12,308 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
DLCZX 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): 0.0237%
- Total broker commissions: $858K
- Bought from dealers (principal trades, not a cost): $2.5M
- Portfolio turnover (prospectus): 98%
- Securities on loan, average value: $5.7M
- Net income from securities lending: $21K (0.001% of average net assets)
DLCZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $101K | 18.98% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $85K | 15.91% |
| PIPER JAFFRAY & CO. | $69K | 12.88% |
| Cantor Fitzgerald & Co. | $62K | 11.63% |
| BTIG, LLC | $47K | 8.86% |
| Goldman Sachs & Co, LLC | $42K | 7.82% |
| Jefferies LLC | $34K | 6.27% |
| JONESTRADING INSTITUTIONAL SERVICES | $33K | 6.09% |
| BERNSTEIN INSTITUTIONAL SERVIC | $31K | 5.87% |
| Virtu Americas LLC | $30K | 5.69% |
DLCZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $2.5M | 100.00% |
Destinations Large Cap 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 |
|---|---|---|---|
| DLCZX | Class Z | 0.70% | — |
| DLCFX | Class I | 0.85% | — |
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.