IXDXX Fees and Costs — XD Treasury Money Market Fund, Institutional Class
Data updated: 2026-01-27
The net expense ratio is 0.37% (30.77% before fee waivers). There are no sales loads or redemption fees.
IXDXX Fees and Expenses
Annual operating expenses and sales charges of IXDXX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 30.41% |
| Gross expense ratio | 30.77% |
| Fee waiver | −30.40% |
| Net expense ratio | 0.37% |
| 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 | Yes |
IXDXX Costs Over Time
On $10,000 invested in IXDXX, assuming 5% a year before costs, total costs come to $234 over 5 years, cutting the return by 0.39% 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 0.37%) | $39 | $122 | $213 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $128 | $234 |
| Value after costs | $10,461 | $11,448 | $12,528 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
IXDXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $6.7M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
IXDXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of Montreal | $5.1M | 76.17% |
| R Seelaus & Co. | $908K | 13.52% |
| Barclays Capital, Inc. | $290K | 4.31% |
| Academy Securities | $240K | 3.57% |
| Daiwa Securities | $163K | 2.43% |
XD Treasury Money Market Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SXDXX | Select Class | 0.31% | none |
| IXDXX | Institutional Class | 0.37% | none |
| VXDXX | Investor Class | 0.62% | 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.