DSGEX Fees and Costs — Delaware Small Cap Growth Fund, Class C
Data updated: 2024-06-11
The net expense ratio is 1.89%: a 0.75% management fee, a 1.00% 12b-1 fee plus 0.37% other expenses, less a 0.23% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2024 the fund paid $102K in broker commissions, 0.0858% of average net assets, and portfolio turnover was 122%.
DSGEX Fees and Expenses
Annual operating expenses and sales charges of DSGEX. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.37% |
| Gross expense ratio | 2.12% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.89% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DSGEX Costs Over Time
On $10,000 invested in DSGEX, assuming 5% a year before costs, total costs come to $1,212 over 5 years, cutting the return by 2.07% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.89%) | $198 | $613 | $1,052 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $32 | $112 |
| Total costs | $310 | $673 | $1,212 |
| Value after costs | $10,190 | $10,904 | $11,551 |
| Impact on return, per year | 3.10% | 2.07% | 2.07% |
DSGEX 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): 0.0858%
- Total broker commissions: $102K
- Bought from dealers (principal trades, not a cost): $1.4M
- Portfolio turnover (prospectus): 122%
- Securities lending: none during the year
DSGEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $11K | 15.43% |
| BOFA SECURITIES, INC. | $10K | 13.86% |
| MORGAN STANLEY & CO. LLC | $8K | 12.29% |
| GOLDMAN SACHS & CO. LLC | $7K | 10.56% |
| J.P. Morgan Securities LLC | $7K | 10.17% |
| JEFFERIES LLC | $6K | 8.76% |
| BARCLAYS CAPITAL, INC. | $5K | 7.83% |
| RBC CAPITAL MARKETS, LLC | $5K | 7.78% |
| DASH FINANCIAL TECHNOLOGIES LLC | $5K | 7.43% |
| UBS Securities LLC | $4K | 5.90% |
DSGEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $566K | 39.33% |
| GOLDMAN SACHS & CO. LLC | $368K | 25.59% |
| RBC CAPITAL MARKETS LLC | $318K | 22.15% |
| JEFFERIES LLC | $186K | 12.94% |
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.