FIFIX Fees and Costs — Delaware Fund for Income, Class A
Data updated: 2021-08-30
The net expense ratio is 1.16%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 162%.
FIFIX Fees and Expenses
Annual operating expenses and sales charges of FIFIX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.16% |
| Fee waiver | — |
| Net expense ratio | 1.16% |
| 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 |
FIFIX Costs Over Time
On $10,000 invested in FIFIX, assuming 5% a year before costs, total costs come to $1,265 over 5 years, cutting the return by 2.17% 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 1.16%) | $116 | $362 | $627 |
| Lost growth on money paid in costs | $22 | $89 | $188 |
| Total costs | $589 | $901 | $1,265 |
| Value after costs | $9,911 | $10,675 | $11,498 |
| Impact on return, per year | 5.89% | 2.80% | 2.17% |
FIFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 162%
- Securities lending: none during the year
FIFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $231.3M | 19.28% |
| Bank of America Corporation | $183.3M | 15.28% |
| BARCLAYS CAPITAL, INC. | $166.4M | 13.87% |
| CitiGroup Global Markets Inc. | $135.2M | 11.27% |
| GOLDMAN SACHS & CO. LLC | $132.2M | 11.02% |
| MORGAN STANLEY & CO. LLC | $97.4M | 8.12% |
| CREDIT SUISSE SECURITIES (USA) LLC | $88.3M | 7.36% |
| WELLS FARGO SECURITIES, LLC | $69.8M | 5.82% |
| GLEACHER & COMPANY SECURITIES, INC. | $53.8M | 4.48% |
| STIFEL, NICHOLAS & COMPANY, INC. | $41.9M | 3.49% |
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.