DUTMX Fees and Costs — Taxable Municipal Bond Series
Data updated: 2026-10-13
The net expense ratio is 1.34%: a 0.50% management fee plus 0.84% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 13%.
DUTMX Fees and Expenses
Annual operating expenses and sales charges of DUTMX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.84% |
| Gross expense ratio | 1.34% |
| Fee waiver | — |
| Net expense ratio | 1.34% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DUTMX Costs Over Time
On $10,000 invested in DUTMX, assuming 5% a year before costs, total costs come to $832 over 5 years, cutting the return by 1.41% 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 1.34%) | $141 | $437 | $756 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $459 | $832 |
| Value after costs | $10,359 | $11,117 | $11,930 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
DUTMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $773K
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
DUTMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Raymond James and Associates, Inc. | $108K | 16.50% |
| Bank of Oklahoma Financial Services, Inc. | $102K | 15.56% |
| Ramirez | $100K | 15.21% |
| Stifel Nicholaus and Company, Inc. | $100K | 15.20% |
| FTN Financial | $87K | 13.26% |
| UBS Financial Services Inc. | $68K | 10.27% |
| First Tryon Securities, LLC | $67K | 10.23% |
| Crews and Associates | $25K | 3.78% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.