DUSIX Fees and Costs — Macquarie Tax-Free USA Intermediate Fund, Institutional Class
Data updated: 2026-07-27
The net expense ratio is 0.50%: a 0.48% management fee plus 0.15% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 30%.
DUSIX Fees and Expenses
Annual operating expenses and sales charges of DUSIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.63% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.50% |
| 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 |
DUSIX Costs Over Time
On $10,000 invested in DUSIX, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% 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 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
DUSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
DUSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $428.5M | 37.64% |
| WELLS FARGO SECURITIES, LLC | $201.8M | 17.73% |
| BOFA SECURITIES, INC. | $100.7M | 8.85% |
| J.P. Morgan Securities LLC | $100.3M | 8.81% |
| MORGAN STANLEY & CO. LLC | $89.4M | 7.86% |
| GOLDMAN SACHS & CO. LLC | $62.9M | 5.53% |
| RBC CAPITAL MARKETS, LLC | $53.3M | 4.68% |
| PIPER SANDLER & CO. | $42.1M | 3.69% |
| ESTRADA HINOJOSA & COMPANY, INC | $33.7M | 2.96% |
| BARCLAYS CAPITAL, INC. | $25.6M | 2.25% |
Macquarie Tax-Free USA Intermediate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DUSIX | Institutional Class | 0.50% | none |
| DMUSX | Class A | 0.75% | 2.75% |
| DUICX | Class C | 1.50% | 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.