DELIX Fees and Costs — Macquarie Tax-Free Pennsylvania Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 0.83%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.15% other expenses, less a 0.12% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 30%.
DELIX Fees and Expenses
Annual operating expenses and sales charges of DELIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.83% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DELIX Costs Over Time
On $10,000 invested in DELIX, assuming 5% a year before costs, total costs come to $1,072 over 5 years, cutting the return by 1.83% 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 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.83%) | $83 | $260 | $452 |
| Lost growth on money paid in costs | $23 | $84 | $170 |
| Total costs | $556 | $794 | $1,072 |
| Value after costs | $9,944 | $10,782 | $11,691 |
| Impact on return, per year | 5.56% | 2.46% | 1.83% |
DELIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $300.1M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
DELIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $53.0M | 23.62% |
| BOFA SECURITIES, INC. | $27.8M | 12.40% |
| PIPER SANDLER & CO. | $24.3M | 10.83% |
| J.P. Morgan Securities LLC | $24.0M | 10.71% |
| WELLS FARGO SECURITIES, LLC | $23.9M | 10.65% |
| MORGAN STANLEY & CO. LLC | $22.6M | 10.07% |
| RBC CAPITAL MARKETS, LLC | $22.0M | 9.81% |
| B. C. ZIEGLER AND COMPANY | $10.2M | 4.52% |
| GOLDMAN SACHS & CO. LLC | $8.5M | 3.77% |
| UBS SECURITIES LLC | $8.1M | 3.60% |
Macquarie Tax-Free Pennsylvania Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DTPIX | Institutional Class | 0.58% | none |
| DELIX | Class A | 0.83% | 4.50% |
| DPTCX | Class C | 1.58% | 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.