# Destiny Tech100 Inc. (DXYZ): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dxyz for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2024-03-26 Destiny Tech100, Inc. functions as a specialized investment entity, structured as a non-diversified, closed-end management company. This firm was established on November 18, 2020, and its primary corporate office is located in Austin, Texas. ## Key Facts | Metric | Value | |---|---| | Price | $24.37 | | Expense Ratio | 4.53% | | Market Value | $1.16B | | NAV | Not on file (no daily NAV for this closed-end fund) | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $19.71 – $72.87 | | Beta | 5.69 | ## Frequently Asked Questions ### What does DXYZ invest in? Destiny Tech100, Inc. functions as a specialized investment entity, structured as a non-diversified, closed-end management company. This firm was established on November 18, 2020, and its primary corporate office is located in Austin, Texas. ### What is the expense ratio of DXYZ? Destiny Tech100 Inc. (DXYZ) charges an expense ratio of 4.53%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is DXYZ? Destiny Tech100 Inc. (DXYZ) has a market value of $1.16B: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is DXYZ actively managed or an index fund? DXYZ is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (DXYZ's is 4.53%) in exchange for the discretion to over- or under-weight positions. ### When was DXYZ launched? Destiny Tech100 Inc. (DXYZ) launched in March 2024 and is managed by the fund issuer. ### How has DXYZ performed? DXYZ's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does DXYZ pay a dividend? Destiny Tech100 Inc. (DXYZ) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DXYZ pay dividends? Destiny Tech100 Inc. pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DXYZ's dividend yield? DXYZ's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is DXYZ's next ex-dividend date? DXYZ hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will DXYZ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 4.53% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DXYZ charge its expense ratio? The expense ratio is deducted in tiny daily slices from DXYZ's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DXYZ cost more than a fund like VOO? DXYZ is actively managed (current expense ratio 4.53%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether DXYZ's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to DXYZ? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as DXYZ (4.53%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/dxyz - Distribution history: https://www.dividenddata.com/funds/dxyz/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dxyz/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dxyz/expenses - Peer comparison: https://www.dividenddata.com/funds/dxyz/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.