DVCTX Fees and Costs — Macquarie Tax-Free Colorado Fund, Class C
Data updated: 2026-07-27
The net expense ratio is 1.57%: a 0.55% management fee, a 1.00% 12b-1 fee plus 0.18% other expenses, less a 0.16% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 20%.
DVCTX Fees and Expenses
Annual operating expenses and sales charges of DVCTX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 1.73% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.57% |
| 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 |
DVCTX Costs Over Time
On $10,000 invested in DVCTX, assuming 5% a year before costs, total costs come to $971 over 5 years, cutting the return by 1.65% 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 1.57%) | $165 | $511 | $881 |
| Lost growth on money paid in costs | $0 | $25 | $90 |
| Total costs | $268 | $537 | $971 |
| Value after costs | $10,232 | $11,040 | $11,792 |
| Impact on return, per year | 2.68% | 1.65% | 1.65% |
DVCTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $161.0M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
DVCTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $56.8M | 38.71% |
| PIPER SANDLER & CO. | $25.2M | 17.16% |
| WELLS FARGO SECURITIES, LLC | $18.1M | 12.34% |
| RBC CAPITAL MARKETS, LLC | $15.3M | 10.41% |
| STIFEL FINANCIAL CORP. | $9.4M | 6.42% |
| GOLDMAN SACHS & CO. LLC | $7.8M | 5.30% |
| Mesirow Financial Inc. | $5.2M | 3.55% |
| BOFA SECURITIES, INC. | $3.2M | 2.21% |
| JEFFERIES LLC | $3.1M | 2.14% |
| SIEBERT WILLIAMS SHANK & CO LLC | $2.6M | 1.76% |
Macquarie Tax-Free Colorado Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DCOIX | Institutional Class | 0.57% | none |
| VCTFX | Class A | 0.82% | 4.50% |
| DVCTX | Class C | 1.57% | none |
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.