FIOBX Fees and Costs — Delaware International Opportunities Bond Fund, Class A
Data updated: 2021-05-20
The net expense ratio is 1.15%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.62% other expenses, less a 0.47% fee waiver. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2020 the fund paid $3K in broker commissions, 0.0055% of average net assets, and portfolio turnover was 281%.
FIOBX Fees and Expenses
Annual operating expenses and sales charges of FIOBX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.62% |
| Gross expense ratio | 1.62% |
| Fee waiver | −0.47% |
| Net expense ratio | 1.15% |
| 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 |
FIOBX Costs Over Time
On $10,000 invested in FIOBX, assuming 5% a year before costs, total costs come to $1,262 over 5 years, cutting the return by 2.16% 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 1.15%) | $115 | $359 | $622 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $23 | $89 | $188 |
| Total costs | $588 | $900 | $1,262 |
| Value after costs | $9,912 | $10,676 | $11,500 |
| Impact on return, per year | 5.88% | 2.79% | 2.16% |
FIOBX 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): 0.0055%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $307.4M
- Portfolio turnover (prospectus): 281%
- Securities lending: none during the year
FIOBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADVANTAGE FUTURES LLC | $3K | 76.62% |
| HSBC SECURITIES (USA) INC. | $813 | 23.38% |
FIOBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $51.1M | 19.43% |
| HSBC SECURITIES (USA), INC. | $33.4M | 12.70% |
| DAIWA SECURITIES AMERICA, INC. | $28.6M | 10.85% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $27.8M | 10.55% |
| The Toronto-Dominion Bank | $26.0M | 9.88% |
| GREENWICH PARTNERS LLC | $23.5M | 8.92% |
| JP MORGAN SECURITIES INC. | $21.5M | 8.18% |
| CitiGroup Global Markets Inc. | $19.6M | 7.46% |
| Bank of America Corporation | $17.9M | 6.79% |
| BARCLAYS CAPITAL, INC. | $13.8M | 5.25% |
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.