DFFIX Fees and Costs — Delaware Strategic Allocation Fund, Institutional Class
Data updated: 2023-02-27
The net expense ratio is 0.85%: a 0.65% management fee plus 0.29% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $75K in broker commissions, 0.0302% of average net assets, and portfolio turnover was 70%.
DFFIX Fees and Expenses
Annual operating expenses and sales charges of DFFIX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.85% |
| 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 |
DFFIX Costs Over Time
On $10,000 invested in DFFIX, assuming 5% a year before costs, total costs come to $552 over 5 years, cutting the return by 0.92% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $92 | $303 | $552 |
| Value after costs | $10,408 | $11,273 | $12,211 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
DFFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0302%
- Total broker commissions: $75K
- Bought from dealers (principal trades, not a cost): $383.5M
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
DFFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC SECURITIES (USA) INC. | $29K | 41.44% |
| CITIGROUP GLOBAL MARKETS INC. | $13K | 19.01% |
| JP MORGAN SECURITIES LLC | $6K | 9.08% |
| UBS Securities LLC | $6K | 8.42% |
| CREDIT SUISSE SECURITIES (USA) LLC | $5K | 6.82% |
| MORGAN STANLEY & CO. LLC | $4K | 5.28% |
| BOFA SECURITIES, INC. | $2K | 2.94% |
| ADVANTAGE SECURITIES LLC | $2K | 2.81% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $2K | 2.17% |
| REDBURN (USA) LLC | $1K | 2.03% |
DFFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $152.9M | 43.13% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $48.3M | 13.64% |
| STATE STREET GLOBAL MARKETS, LLC | $35.8M | 10.11% |
| CitiGroup Global Markets Inc. | $27.0M | 7.63% |
| BOFA SECURITIES, INC. | $20.1M | 5.66% |
| JP MORGAN SECURITIES INC. | $18.3M | 5.15% |
| MORGAN STANLEY & CO. LLC | $16.1M | 4.56% |
| GOLDMAN SACHS & CO. LLC | $13.1M | 3.71% |
| BARCLAYS CAPITAL, INC. | $12.7M | 3.58% |
| BMO CAPITAL MARKETS CORP. | $10.1M | 2.84% |
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.