DFRIX Fees and Costs — Delaware Mid Cap Growth Equity Fund, Class R
Data updated: 2024-06-11
The net expense ratio is 1.29%: a 0.69% management fee, a 0.50% 12b-1 fee plus 0.21% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $310K in broker commissions, 0.0227% of average net assets.
DFRIX Fees and Expenses
Annual operating expenses and sales charges of DFRIX. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.40% |
| Fee waiver | −0.11% |
| Net expense ratio | 1.29% |
| 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 |
DFRIX Costs Over Time
On $10,000 invested in DFRIX, assuming 5% a year before costs, total costs come to $816 over 5 years, cutting the return by 1.38% 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 1.29%) | $135 | $421 | $728 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $138 | $450 | $816 |
| Value after costs | $10,362 | $11,126 | $11,947 |
| Impact on return, per year | 1.38% | 1.38% | 1.38% |
DFRIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0227%
- Total broker commissions: $310K
- Bought from dealers (principal trades, not a cost): $6.1M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
DFRIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $46K | 18.69% |
| J.P. Morgan Securities LLC | $42K | 17.12% |
| BOFA SECURITIES, INC. | $39K | 15.77% |
| UBS Securities LLC | $36K | 14.49% |
| RBC CAPITAL MARKETS, LLC | $16K | 6.32% |
| BARCLAYS CAPITAL, INC. | $16K | 6.30% |
| GOLDMAN SACHS & CO. LLC | $15K | 6.26% |
| BMO CAPITAL MARKETS CORP. | $14K | 5.59% |
| CITIGROUP GLOBAL MARKETS INC. | $13K | 5.25% |
| LIQUIDNET, INC. | $10K | 4.20% |
DFRIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $3.8M | 61.20% |
| GOLDMAN SACHS & CO. LLC | $2.4M | 38.80% |
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.