FISSX Fees and Costs — Delaware Special Situations Fund, Class A
Data updated: 2021-08-30
The net expense ratio is 1.27%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.31% other expenses, less a 0.04% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2020 the fund paid $192K in broker commissions, 0.0516% of average net assets, and portfolio turnover was 129%.
FISSX Fees and Expenses
Annual operating expenses and sales charges of FISSX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.27% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
FISSX Costs Over Time
On $10,000 invested in FISSX, assuming 5% a year before costs, total costs come to $1,508 over 5 years, cutting the return by 2.61% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.27%) | $126 | $391 | $675 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $29 | $111 | $230 |
| Total costs | $735 | $1,093 | $1,508 |
| Value after costs | $9,765 | $10,484 | $11,255 |
| Impact on return, per year | 7.35% | 3.41% | 2.61% |
FISSX 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): 0.0516%
- Total broker commissions: $192K
- Bought from dealers (principal trades, not a cost): $832K
- Portfolio turnover (prospectus): 129%
- Securities lending: none during the year
FISSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $38K | 25.05% |
| CREDIT SUISSE SECURITIES (USA) LLC | $31K | 20.69% |
| LIQUIDNET, INC. | $22K | 14.64% |
| Robert W. Baird & Co. Incorporated | $11K | 7.45% |
| CITIGROUP GLOBAL MARKETS INC. | $10K | 6.64% |
| GLEACHER & COMPANY SECURITIES, INC. | $10K | 6.46% |
| PIPER SANDLER & CO. | $8K | 5.29% |
| RBC CAPITAL MARKETS, LLC | $8K | 5.14% |
| GOLDMAN SACHS & CO. LLC | $7K | 4.66% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $6K | 3.98% |
FISSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $832K | 100.00% |
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.