DLDFX Fees and Costs — Destinations Low Duration Fixed Income Fund, Class I
Data updated: 2026-07-20
The net expense ratio is 1.00%: a 0.70% management fee plus 0.34% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $44K in broker commissions, 0.0153% of average net assets, and portfolio turnover was 76%.
DLDFX Fees and Expenses
Annual operating expenses and sales charges of DLDFX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.05% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.00% |
| 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 |
DLDFX Costs Over Time
On $10,000 invested in DLDFX, assuming 5% a year before costs, total costs come to $635 over 5 years, cutting the return by 1.07% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $107 | $349 | $635 |
| Value after costs | $10,393 | $11,227 | $12,128 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
DLDFX 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): 0.0153%
- Total broker commissions: $44K
- Bought from dealers (principal trades, not a cost): $424.3M
- Portfolio turnover (prospectus): 76%
- Securities on loan, average value: $2.9M
- Net income from securities lending: $92K (0.032% of average net assets)
DLDFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $14K | 32.15% |
| Mizuho Securities USA LLC | $10K | 22.45% |
| BNY MELLON CAPITAL MARKETS, LLC | $7K | 16.16% |
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $4K | 9.55% |
| Goldman Sachs & Co, LLC | $4K | 9.04% |
| TD Securities (USA) LLC. | $2K | 4.99% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY | $2K | 4.80% |
| Cantor Fitzgerald & Co. | $372 | 0.84% |
| Citigroup Global Markets Inc. | $7 | 0.02% |
DLDFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $67.5M | 19.80% |
| J.P. MORGAN SECURITIES LLC | $58.3M | 17.10% |
| BNY MELLON CAPITAL MARKETS, LLC | $43.7M | 12.81% |
| Wells Fargo Securities LLC | $34.5M | 10.13% |
| Citigroup Global Markets Inc. | $32.2M | 9.44% |
| ROYAL BANK OF CANADA | $26.1M | 7.66% |
| Goldman Sachs & Co, LLC | $22.7M | 6.65% |
| BARCLAYS CAPITAL INC. | $20.2M | 5.93% |
| MORGAN STANLEY & CO. LLC | $18.5M | 5.44% |
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $17.1M | 5.02% |
Destinations Low Duration Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DLDZX | Class Z | 0.85% | — |
| DLDFX | Class I | 1.00% | — |
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.