DLMIX Fees and Costs — Delaware Mid Cap Value Fund, Institutional Class
Data updated: 2023-03-28
The net expense ratio is 0.89%: a 0.75% management fee plus 0.48% other expenses, less a 0.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $11K in broker commissions, 0.0178% of average net assets, and portfolio turnover was 26%.
DLMIX Fees and Expenses
Annual operating expenses and sales charges of DLMIX. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.34% |
| Net expense ratio | 0.89% |
| 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 |
DLMIX Costs Over Time
On $10,000 invested in DLMIX, assuming 5% a year before costs, total costs come to $569 over 5 years, cutting the return by 0.95% 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 0.89%) | $93 | $292 | $507 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $95 | $312 | $569 |
| Value after costs | $10,405 | $11,264 | $12,194 |
| Impact on return, per year | 0.95% | 0.95% | 0.95% |
DLMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0178%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
DLMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $2K | 17.97% |
| UBS Securities LLC | $1K | 17.24% |
| MORGAN STANLEY & CO. LLC | $1K | 14.01% |
| CREDIT SUISSE SECURITIES (USA) LLC | $983 | 11.31% |
| GOLDMAN SACHS & CO. LLC | $856 | 9.85% |
| BOFA SECURITIES, INC. | $749 | 8.62% |
| BARCLAYS CAPITAL, INC. | $683 | 7.86% |
| EVERCORE GROUP LLC | $441 | 5.07% |
| WELLS FARGO SECURITIES, LLC | $352 | 4.05% |
| RBC CAPITAL MARKETS, LLC | $349 | 4.02% |
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.