DLTAX Fees and Costs — Nomura Ultrashort Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.40%: a 0.29% management fee, a 0.25% 12b-1 fee plus 0.40% other expenses, less a 0.54% fee waiver. This share class carries a maximum front-end sales load of 2.00%. Portfolio turnover was 72%.
DLTAX Fees and Expenses
Annual operating expenses and sales charges of DLTAX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.40% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.54% |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | 2.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DLTAX Costs Over Time
On $10,000 invested in DLTAX, assuming 5% a year before costs, total costs come to $503 over 5 years, cutting the return by 0.84% 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 |
| Sales charges | $200 | $200 | $200 |
| Fund expenses (net expense ratio 0.40%) | $41 | $129 | $226 |
| Lost growth on money paid in costs | $10 | $38 | $78 |
| Total costs | $251 | $367 | $503 |
| Value after costs | $10,249 | $11,209 | $12,259 |
| Impact on return, per year | 2.51% | 1.12% | 0.84% |
DLTAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
DLTAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $458.9M | 43.13% |
| BOFA SECURITIES, INC. | $155.6M | 14.63% |
| BARCLAYS CAPITAL, INC. | $132.5M | 12.45% |
| WELLS FARGO SECURITIES, LLC | $130.4M | 12.25% |
| J.P. Morgan Securities LLC | $102.5M | 9.64% |
| Mizuho Securities USA LLC | $29.1M | 2.74% |
| CitiGroup Global Markets Inc. | $17.9M | 1.68% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $13.7M | 1.29% |
| MUFG SECURITIES AMERICAS INC. | $12.2M | 1.14% |
| RBC CAPITAL MARKETS, LLC | $11.2M | 1.05% |
Nomura Ultrashort Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DULTX | Institutional Class | 0.35% | — |
| DLTAX | Class A | 0.40% | 2.00% |
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.