Expense Ratio History

PWDAX expense ratio history

DF Tactical Dividend Fund, DF Tactical Dividend Fund Class A

Fund company
Northern Trust
Type
Mutual fund

1.88%

In basis points
188 basis points
Yearly cost per $10,000
$188
Prospectus dated
28 October 2025, filed with the SEC; rounded to 0.01%
Last change
Cut from 2.27% on 28 October 2025

Fee over time

PWDAX expense ratio: 1.72% until 28 Oct 2014, then 1.76%; 1.76% until 28 Oct 2015, then 1.51%; 1.51% until 28 Oct 2016, then 1.61%; 1.61% until 30 Oct 2017, then 1.45%; 1.45% until 30 Oct 2018, then 1.44%; 1.44% until 28 Oct 2019, then 1.56%; 1.56% until 28 Oct 2020, then 1.67%; 1.67% until 28 Oct 2021, then 1.85%; 1.85% until 28 Oct 2022, then 1.81%; 1.81% until 30 Oct 2023, then 2.04%; 2.04% until 28 Oct 2024, then 2.27%; 2.27% until 28 Oct 2025, then 1.88%; read at 1.88% on 28 Oct 2025.0.00%1.00%2.00%3.00%Oct 2013Nov 2015Dec 2017Jan 2020Feb 2022Mar 20241.72% before1.88% from 28 Oct 2025
PWDAX expense ratio: 1.72% until 28 Oct 2014, then 1.76%; 1.76% until 28 Oct 2015, then 1.51%; 1.51% until 28 Oct 2016, then 1.61%; 1.61% until 30 Oct 2017, then 1.45%; 1.45% until 30 Oct 2018, then 1.44%; 1.44% until 28 Oct 2019, then 1.56%; 1.56% until 28 Oct 2020, then 1.67%; 1.67% until 28 Oct 2021, then 1.85%; 1.85% until 28 Oct 2022, then 1.81%; 1.81% until 30 Oct 2023, then 2.04%; 2.04% until 28 Oct 2024, then 2.27%; 2.27% until 28 Oct 2025, then 1.88%; read at 1.88% on 28 Oct 2025.0.00%1.00%2.00%3.00%Oct 2013Nov 2017Dec 20211.72% before1.88% from 28 Oct 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 4 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
— — 2.36% — 28 Oct 2015
PWDAX (this page) DF Tactical Dividend Fund Class A 1.88% — 28 Oct 2025
PWDIX DF Tactical Dividend Fund Class I 1.58% — 28 Oct 2025
PWDCX DF Tactical Dividend Fund Class C 2.63% — 28 Oct 2025

Every figure we've recorded

DateFeeWhat happened
28 Oct 2025 1.88% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-10-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Oct 2025 1.88% Cut from 2.27% to 1.88%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-10-27
28 Oct 2024 2.27% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-10-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Oct 2024 2.27% Raised from 2.04% to 2.27%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-10-25
30 Oct 2023 2.04% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-10-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Oct 2023 2.04% Raised from 1.81% to 2.04%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-10-26
28 Oct 2022 1.81% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-10-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Oct 2022 1.81% Cut from 1.85% to 1.81%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-10-25
28 Oct 2021 1.85% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-10-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Oct 2021 1.85% Raised from 1.67% to 1.85%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-11-15
28 Oct 2020 1.67% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-10-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Oct 2020 1.67% Raised from 1.56% to 1.67%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-11-04
28 Oct 2019 1.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-10-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Oct 2019 1.56% Raised from 1.44% to 1.56%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-11-01
3 Sep 2019 1.44% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-09-03 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Oct 2018 1.44% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-10-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Oct 2018 1.44% Cut from 1.45% to 1.44%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-11-02
30 Oct 2017 1.45% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-10-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Oct 2017 1.45% Cut from 1.61% to 1.45%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-11-03
28 Oct 2016 1.61% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-10-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Oct 2016 1.61% Raised from 1.51% to 1.61%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-11-02
28 Oct 2015 1.51% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-10-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Oct 2015 1.51% Cut from 1.76% to 1.51%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2015-11-18
28 Oct 2014 1.76% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-10-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Oct 2014 1.76% Raised from 1.72% to 1.76%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2014-11-20
11 Oct 2013 1.72% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-10-11 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.88% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$2,217 in fees over 10 years

After fees, $10,000 grows to $13,535.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$193
3 years$596
5 years$1,025
10 years$2,217

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 14 prospectuses for this share class since 2013. Each one is listed above with a link to the filing.

How we read fees

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