EIITX Fees and Costs — Delaware Tax-Exempt Opportunities Fund, Class A
Data updated: 2020-11-25
The net expense ratio is 0.95%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.19% other expenses, less a 0.04% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 60%.
EIITX Fees and Expenses
Annual operating expenses and sales charges of EIITX. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
EIITX Costs Over Time
On $10,000 invested in EIITX, assuming 5% a year before costs, total costs come to $1,142 over 5 years, cutting the return by 1.95% 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 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.95%) | $95 | $297 | $516 |
| Lost growth on money paid in costs | $22 | $86 | $176 |
| Total costs | $568 | $833 | $1,142 |
| Value after costs | $9,932 | $10,743 | $11,620 |
| Impact on return, per year | 5.68% | 2.58% | 1.95% |
EIITX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $186.3M
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
EIITX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $43.4M | 32.19% |
| BARCLAY INVESTMENTS, INC. | $21.0M | 15.57% |
| WELLS FARGO SECURITIES, LLC | $17.0M | 12.62% |
| CitiGroup Global Markets Inc. | $10.9M | 8.09% |
| B.C. ZIEGLER AND COMPANY | $9.9M | 7.33% |
| MORGAN STANLEY & CO. LLC | $7.9M | 5.90% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $7.4M | 5.46% |
| PIPER JAFFRAY & CO. | $7.1M | 5.27% |
| RBC CAPITAL MARKETS LLC | $5.2M | 3.84% |
| The Toronto-Dominion Bank | $5.0M | 3.74% |
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.