DMCAX Fees and Costs — Power Dividend Mid-Cap Index Fund, Class A
Data updated: 2021-02-23
The net expense ratio is 2.26%. This share class carries a maximum front-end sales load of 5.00%. In fiscal 2020 the fund paid $20K in broker commissions, 0.0885% of average net assets, and portfolio turnover was 87%.
DMCAX Fees and Expenses
Annual operating expenses and sales charges of DMCAX. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.99% |
| Gross expense ratio | 2.26% |
| Fee waiver | — |
| Net expense ratio | 2.26% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DMCAX Costs Over Time
On $10,000 invested in DMCAX, assuming 5% a year before costs, total costs come to $1,997 over 5 years, cutting the return by 3.51% 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 | $500 | $500 | $500 |
| Fund expenses (net expense ratio 2.26%) | $225 | $694 | $1,186 |
| Trading costs (broker commissions) | $9 | $27 | $46 |
| Lost growth on money paid in costs | $25 | $115 | $264 |
| Total costs | $759 | $1,336 | $1,997 |
| Value after costs | $9,741 | $10,241 | $10,766 |
| Impact on return, per year | 7.59% | 4.20% | 3.51% |
DMCAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0885%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $52.8M
- Portfolio turnover (prospectus): 87%
- Securities lending: none during the year
DMCAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL LLC | $18K | 90.37% |
| JP MORGAN | $715 | 3.63% |
| Mischler Financial Group, Inc. | $588 | 2.98% |
| VIRTUS INVESTMENT PARTNERS | $492 | 2.50% |
| CITADEL SECURITIES LLC | $48 | 0.24% |
| COWEN & COMPANY | $47 | 0.24% |
| JANE STREET EXECUTION SERVICES, LLC | $8 | 0.04% |
DMCAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL LLC | $44.4M | 84.14% |
| Mischler Financial Group, Inc. | $3.7M | 7.00% |
| JP MORGAN | $2.4M | 4.61% |
| VIRTUS INVESTMENT PARTNERS | $1.8M | 3.40% |
| COWEN & COMPANY | $198K | 0.37% |
| CITADEL SECURITIES LLC | $158K | 0.30% |
| JANE STREET EXECUTION SERVICES, LLC | $89K | 0.17% |
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.