DPREX Fees and Costs — Nomura Global Listed Real Assets Fund, Class A
Data updated: 2026-09-24
The net expense ratio is 1.16%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.46% other expenses, less a 0.31% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $25K in broker commissions, 0.0223% of average net assets, and portfolio turnover was 61%.
DPREX Fees and Expenses
Annual operating expenses and sales charges of DPREX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.47% |
| Fee waiver | −0.31% |
| Net expense ratio | 1.16% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
DPREX Costs Over Time
On $10,000 invested in DPREX, assuming 5% a year before costs, total costs come to $1,428 over 5 years, cutting the return by 2.46% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.16%) | $115 | $357 | $619 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $29 | $109 | $223 |
| Total costs | $721 | $1,048 | $1,428 |
| Value after costs | $9,779 | $10,528 | $11,334 |
| Impact on return, per year | 7.21% | 3.27% | 2.46% |
DPREX 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): 0.0223%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $6.6M
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
DPREX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $3K | 14.94% |
| GOLDMAN SACHS & CO. LLC | $2K | 13.33% |
| BOFA SECURITIES, INC. | $2K | 12.60% |
| CitiGroup Global Markets Inc. | $2K | 11.23% |
| RBC CAPITAL MARKETS, LLC | $2K | 10.15% |
| J.P. Morgan Securities LLC | $1K | 7.91% |
| BARCLAYS CAPITAL, INC. | $1K | 7.80% |
| BTIG, LLC | $1K | 7.46% |
| UBS Securities LLC | $1K | 7.44% |
| MKM PARTNERS LLC | $1K | 7.15% |
DPREX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $6.3M | 95.02% |
| GOLDMAN SACHS & CO. LLC | $329K | 4.98% |
Nomura Global Listed Real Assets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DPRDX | Class R6 | 0.81% | none |
| DPRSX | Institutional Class | 0.91% | none |
| DPREX | Class A | 1.16% | 5.75% |
| DPRRX | Class R | 1.41% | none |
| DPRCX | Class C | 1.91% | none |
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.