DULTX Fees and Costs — Nomura Ultrashort Fund, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 0.35%: a 0.30% management fee plus 0.26% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 72%.
DULTX Fees and Expenses
Annual operating expenses and sales charges of DULTX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.56% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.35% |
| 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 |
DULTX Costs Over Time
On $10,000 invested in DULTX, assuming 5% a year before costs, total costs come to $222 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $121 | $222 |
| Value after costs | $10,463 | $11,455 | $12,541 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
DULTX 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
DULTX 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% |
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.