C000212991 Fees and Costs — Delaware VIP Covered Call Strategy Series, Standard Class
Data updated: 2020-11-25
The net expense ratio is 1.23%: a 0.75% management fee plus 0.48% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $5K in broker commissions, 0.0228% of average net assets, and portfolio turnover was 56%.
C000212991 Fees and Expenses
Annual operating expenses and sales charges of C000212991. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.23% |
| Fee waiver | — |
| Net expense ratio | 1.23% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 |
C000212991 Costs Over Time
On $10,000 invested in C000212991, assuming 5% a year before costs, total costs come to $780 over 5 years, cutting the return by 1.32% 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 1.23%) | $129 | $402 | $695 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $430 | $780 |
| Value after costs | $10,368 | $11,147 | $11,983 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
C000212991 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0228%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $548K
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
C000212991 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $2K | 36.47% |
| MORGAN STANLEY & CO. LLC | $1K | 29.99% |
| WELLS FARGO SECURITIES, LLC | $1K | 26.63% |
| DASH FINANCIAL TECHNOLOGIES LLC | $327 | 6.91% |
C000212991 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Dash Financial Technologies LLC | $540K | 98.49% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $8K | 1.51% |
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.