TILDX Fees and Costs — DCMINNOVA High Equity Income Innovation Fund
Data updated: 2024-07-01
The net expense ratio is 0.73% (3.81% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $25K in broker commissions, 0.3166% of average net assets, and portfolio turnover was 220%.
TILDX Fees and Expenses
Annual operating expenses and sales charges of TILDX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.03% |
| Gross expense ratio | 3.81% |
| Fee waiver | −3.08% |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
TILDX Costs Over Time
On $10,000 invested in TILDX, assuming 5% a year before costs, total costs come to $654 over 5 years, cutting the return by 1.10% 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 0.73%) | $77 | $239 | $414 |
| Trading costs (broker commissions) | $33 | $104 | $180 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $360 | $654 |
| Value after costs | $10,390 | $11,217 | $12,109 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
TILDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.3166%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $74K
- Portfolio turnover (prospectus): 220%
- Securities lending: none during the year
TILDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $9K | 36.83% |
| STRATEGAS SECURITIES, LLC | $9K | 34.26% |
| J.P. MORGAN SECURITIES LLC | $4K | 14.78% |
| INSTINET LLC | $2K | 7.65% |
| CLSA CAPITAL PARTNERS | $2K | 6.47% |
TILDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANK | $61K | 82.80% |
| INCOME INNOVATION | $13K | 17.18% |
| J.P. MORGAN SECURITIES LLC | $21 | 0.03% |
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.