FHELX Fees and Costs — Delaware Hedged U.S. Equity Opportunities Fund, Class R6
Data updated: 2024-05-28
The net expense ratio is 1.23%: a 1.15% management fee plus 0.30% other expenses, less a 0.22% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $18K in broker commissions, 0.0301% of average net assets, and portfolio turnover was 50%.
FHELX Fees and Expenses
Annual operating expenses and sales charges of FHELX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.45% |
| Fee waiver | −0.22% |
| Net expense ratio | 1.23% |
| 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 |
FHELX Costs Over Time
On $10,000 invested in FHELX, assuming 5% a year before costs, total costs come to $784 over 5 years, cutting the return by 1.32% 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 1.23%) | $129 | $402 | $695 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $432 | $784 |
| Value after costs | $10,368 | $11,144 | $11,979 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
FHELX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0301%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $1.3M
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
FHELX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $4K | 31.54% |
| J.P. Morgan Securities LLC | $2K | 12.66% |
| BOFA SECURITIES, INC. | $2K | 11.12% |
| GOLDMAN SACHS & CO. LLC | $1K | 10.64% |
| JEFFERIES LLC | $1K | 7.77% |
| UBS Securities LLC | $904 | 6.60% |
| BARCLAYS CAPITAL, INC. | $847 | 6.19% |
| RBC CAPITAL MARKETS, LLC | $732 | 5.35% |
| CITIGROUP GLOBAL MARKETS INC. | $579 | 4.23% |
| BMO CAPITAL MARKETS CORP. | $535 | 3.91% |
FHELX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $643K | 50.57% |
| BARCLAYS CAPITAL, INC. | $206K | 16.20% |
| CitiGroup Global Markets Inc. | $195K | 15.32% |
| RBC CAPITAL MARKETS LLC | $115K | 9.03% |
| GOLDMAN SACHS & CO. LLC | $103K | 8.10% |
| MORGAN STANLEY & CO. LLC | $7K | 0.52% |
| JEFFERIES LLC | $3K | 0.27% |
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.