FIODX Fees and Costs — Delaware International Opportunities Bond Fund, Institutional Class
Data updated: 2021-05-20
The net expense ratio is 0.90%: a 0.75% management fee plus 0.61% other expenses, less a 0.46% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $3K in broker commissions, 0.0055% of average net assets, and portfolio turnover was 281%.
FIODX Fees and Expenses
Annual operating expenses and sales charges of FIODX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.61% |
| Gross expense ratio | 1.36% |
| Fee waiver | −0.46% |
| Net expense ratio | 0.90% |
| 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 |
FIODX Costs Over Time
On $10,000 invested in FIODX, assuming 5% a year before costs, total costs come to $567 over 5 years, cutting the return by 0.95% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $95 | $312 | $567 |
| Value after costs | $10,405 | $11,265 | $12,195 |
| Impact on return, per year | 0.95% | 0.95% | 0.95% |
FIODX 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
FIODX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADVANTAGE FUTURES LLC | $3K | 76.62% |
| HSBC SECURITIES (USA) INC. | $813 | 23.38% |
FIODX 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.