FIIGX Fees and Costs — Delaware Investment Grade Fund, Class A
Data updated: 2021-08-30
The net expense ratio is 0.92%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.27% other expenses, less a 0.10% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 241%.
FIIGX Fees and Expenses
Annual operating expenses and sales charges of FIIGX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.92% |
| 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 |
FIIGX Costs Over Time
On $10,000 invested in FIIGX, assuming 5% a year before costs, total costs come to $1,125 over 5 years, cutting the return by 1.92% 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 0.92%) | $92 | $288 | $500 |
| Lost growth on money paid in costs | $23 | $85 | $175 |
| Total costs | $565 | $823 | $1,125 |
| Value after costs | $9,935 | $10,753 | $11,638 |
| Impact on return, per year | 5.65% | 2.55% | 1.92% |
FIIGX 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): $1.6B
- Portfolio turnover (prospectus): 241%
- Securities lending: none during the year
FIIGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America Corporation | $221.5M | 18.18% |
| CitiGroup Global Markets Inc. | $210.4M | 17.27% |
| BARCLAYS CAPITAL, INC. | $197.8M | 16.24% |
| JP MORGAN SECURITIES INC. | $170.8M | 14.02% |
| MORGAN STANLEY & CO. LLC | $111.4M | 9.14% |
| WELLS FARGO SECURITIES, LLC | $84.8M | 6.96% |
| GOLDMAN SACHS & CO. LLC | $80.1M | 6.57% |
| BNP PARIBAS SECURITIES CORP. | $51.2M | 4.20% |
| RBC CAPITAL MARKETS LLC | $45.9M | 3.77% |
| GLEACHER & COMPANY SECURITIES, INC. | $44.5M | 3.65% |
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.