DPRFX Fees and Costs — Nomura Diversified Income Fund, Class R
Data updated: 2026-09-24
The net expense ratio is 0.92%: a 0.48% management fee, a 0.50% 12b-1 fee plus 0.16% other expenses, less a 0.22% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $130K in broker commissions, 0.0048% of average net assets, and portfolio turnover was 102%.
DPRFX Fees and Expenses
Annual operating expenses and sales charges of DPRFX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.22% |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
DPRFX Costs Over Time
On $10,000 invested in DPRFX, assuming 5% a year before costs, total costs come to $579 over 5 years, cutting the return by 0.97% 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 0.92%) | $97 | $302 | $524 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $318 | $579 |
| Value after costs | $10,403 | $11,258 | $12,183 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
DPRFX 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): 0.0048%
- Total broker commissions: $130K
- Bought from dealers (principal trades, not a cost): $7.9B
- Portfolio turnover (prospectus): 102%
- Securities lending: none during the year
DPRFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADVANTAGE SECURITIES LLC | $114K | 88.09% |
| CitiGroup Global Markets Inc. | $15K | 11.21% |
| HSBC SECURITIES (USA) INC. | $902 | 0.70% |
DPRFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $2.2B | 34.49% |
| BOFA SECURITIES, INC. | $844.8M | 13.48% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $544.7M | 8.70% |
| CitiGroup Global Markets Inc. | $441.8M | 7.05% |
| WELLS FARGO SECURITIES, LLC | $425.0M | 6.78% |
| MORGAN STANLEY & CO. LLC | $413.9M | 6.61% |
| GOLDMAN SACHS & CO. LLC | $408.4M | 6.52% |
| BARCLAYS CAPITAL, INC. | $381.7M | 6.09% |
| TD SECURITIES (USA) LLC | $339.2M | 5.41% |
| J.P. Morgan Securities LLC | $304.6M | 4.86% |
Nomura Diversified 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 |
|---|---|---|---|
| DPZRX | Class R6 | 0.32% | none |
| DPFFX | Institutional Class | 0.42% | none |
| DPDFX | Class A | 0.67% | 4.50% |
| DPRFX | Class R | 0.92% | none |
| DPCFX | Class C | 1.42% | 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.