FIIPX Fees and Costs — Delaware International Fund, Institutional Class
Data updated: 2021-08-30
The net expense ratio is 1.18%: a 0.85% management fee plus 0.33% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $284K in broker commissions, 0.0803% of average net assets, and portfolio turnover was 127%.
FIIPX Fees and Expenses
Annual operating expenses and sales charges of FIIPX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.18% |
| Fee waiver | — |
| Net expense ratio | 1.18% |
| 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 |
FIIPX Costs Over Time
On $10,000 invested in FIIPX, 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 1.18%) | $124 | $386 | $667 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| 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% |
FIIPX 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): 0.0803%
- Total broker commissions: $284K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 127%
- Securities lending: none during the year
FIIPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $60K | 22.15% |
| CITIGROUP GLOBAL MARKETS INC. | $58K | 21.38% |
| CREDIT SUISSE SECURITIES (USA) LLC | $57K | 21.29% |
| J.P. Morgan Securities LLC | $30K | 11.04% |
| UBS Securities LLC | $20K | 7.30% |
| LIQUIDNET, INC. | $19K | 7.21% |
| HSBC SECURITIES (USA) INC. | $8K | 3.07% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $8K | 2.91% |
| NORTHERN TRUST SECURITIES, INC. | $5K | 1.96% |
| MACQUARIE CAPITAL (USA), INC. | $5K | 1.70% |
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.