FINNX Fees and Costs — Delaware Tax-Free New Jersey Fund, Class R6
Data updated: 2023-08-28
The net expense ratio is 0.66%: a 0.55% management fee plus 0.38% other expenses, less a 0.27% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 44%.
FINNX Fees and Expenses
Annual operating expenses and sales charges of FINNX. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.93% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.66% |
| 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 |
FINNX Costs Over Time
On $10,000 invested in FINNX, assuming 5% a year before costs, total costs come to $416 over 5 years, cutting the return by 0.69% 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 0.66%) | $69 | $217 | $378 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $228 | $416 |
| Value after costs | $10,431 | $11,349 | $12,347 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
FINNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $21.2M
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
FINNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4.6M | 24.70% |
| MORGAN STANLEY & CO. LLC | $3.6M | 19.68% |
| CitiGroup Global Markets Inc. | $1.7M | 9.44% |
| MURIEL SIEBERT & CO INC. | $1.6M | 8.59% |
| BOFA SECURITIES, INC. | $1.6M | 8.49% |
| Stifel, Nicolaus & Company, Incorporated | $1.5M | 8.05% |
| KEYBANC CAPITAL MARKETS, INC. | $1.3M | 6.88% |
| PNC INVESTMENTS | $912K | 4.94% |
| HEADLANDS TECH GLOBAL MARKETS, LLC | $867K | 4.70% |
| CANTOR FITZGERALD & CO. | $835K | 4.53% |
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.