DURPX Fees and Costs — U.S. High Relative Profitability Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.22%: a 0.19% management fee plus 0.04% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $77K in broker commissions, 0.0014% of average net assets, and portfolio turnover was 13%.
DURPX Fees and Expenses
Annual operating expenses and sales charges of DURPX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| Gross expense ratio | 0.23% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.22% |
| 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 | Yes |
DURPX Costs Over Time
On $10,000 invested in DURPX, assuming 5% a year before costs, total costs come to $141 over 5 years, cutting the return by 0.23% 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 0.22%) | $23 | $73 | $127 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $23 | $77 | $141 |
| Value after costs | $10,477 | $11,500 | $12,622 |
| Impact on return, per year | 0.23% | 0.23% | 0.23% |
DURPX 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): 0.0014%
- Total broker commissions: $77K
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $44.9M
- Net income from securities lending: $49K (0.001% of average net assets)
DURPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $19K | 24.50% |
| Jefferies LLC | $18K | 22.66% |
| Nomura Securities International, Inc. | $12K | 15.67% |
| BofA Securities, Inc. | $10K | 13.04% |
| Goldman Sachs & Co. LLC | $8K | 9.81% |
| BNY Capital Markets, LLC | $8K | 9.75% |
| UBS Securities LLC | $2K | 2.31% |
| Stifel, Nicolaus & Company, Incorporated | $2K | 2.14% |
| JonesTrading Institutional Services LLC | $97 | 0.13% |
DURPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.8B | 100.00% |
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.