DEUIX Fees and Costs — Delaware U.S. Growth Fund, Institutional Class
Data updated: 2021-03-29
The net expense ratio is 0.84%: a 0.58% management fee plus 0.29% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $1.0M in broker commissions, 0.0422% of average net assets, and portfolio turnover was 54%.
DEUIX Fees and Expenses
Annual operating expenses and sales charges of DEUIX. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.84% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
DEUIX Costs Over Time
On $10,000 invested in DEUIX, assuming 5% a year before costs, total costs come to $553 over 5 years, cutting the return by 0.93% 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 0.84%) | $88 | $276 | $478 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $304 | $553 |
| Value after costs | $10,407 | $11,273 | $12,210 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
DEUIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0422%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $29.2M
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
DEUIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $153K | 19.52% |
| LIQUIDNET, INC. | $143K | 18.27% |
| MORGAN STANLEY & CO. LLC | $98K | 12.50% |
| Allen & Company LLC | $86K | 10.91% |
| JEFFERIES LLC | $79K | 10.08% |
| GOLDMAN SACHS & CO. LLC | $53K | 6.69% |
| SANFORD C. BERNSTEIN & CO., LLC | $50K | 6.40% |
| BMO CAPITAL MARKETS CORP. | $47K | 6.03% |
| BARCLAYS CAPITAL, INC. | $38K | 4.89% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $37K | 4.72% |
DEUIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $17.4M | 59.42% |
| BARCLAYS CAPITAL, INC. | $11.9M | 40.58% |
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.