FITRX Fees and Costs — Delaware Total Return Fund, Class A
Data updated: 2023-05-23
The net expense ratio is 1.04%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.24% other expenses, less a 0.10% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2022 the fund paid $92K in broker commissions, 0.0205% of average net assets, and portfolio turnover was 57%.
FITRX Fees and Expenses
Annual operating expenses and sales charges of FITRX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.04% |
| 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 |
FITRX Costs Over Time
On $10,000 invested in FITRX, assuming 5% a year before costs, total costs come to $1,358 over 5 years, cutting the return by 2.34% 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 1.04%) | $103 | $321 | $556 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $29 | $107 | $216 |
| Total costs | $709 | $1,009 | $1,358 |
| Value after costs | $9,791 | $10,567 | $11,405 |
| Impact on return, per year | 7.09% | 3.14% | 2.34% |
FITRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0205%
- Total broker commissions: $92K
- Bought from dealers (principal trades, not a cost): $428.8M
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
FITRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $18K | 24.28% |
| MORGAN STANLEY & CO. LLC | $12K | 16.46% |
| GOLDMAN SACHS & CO. LLC | $9K | 12.40% |
| J.P. Morgan Securities LLC | $7K | 9.84% |
| BMO CAPITAL MARKETS CORP. | $7K | 8.92% |
| SIG BROKERAGE, LP | $6K | 7.57% |
| BARCLAYS CAPITAL, INC. | $5K | 6.90% |
| CREDIT SUISSE SECURITIES (USA) LLC | $4K | 4.89% |
| BOFA SECURITIES, INC. | $3K | 4.39% |
| MIZUHO SECURITIES (USA) INC. | $3K | 4.35% |
FITRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $217.5M | 51.04% |
| STATE STREET GLOBAL MARKETS, LLC | $60.4M | 14.18% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $33.5M | 7.87% |
| GOLDMAN SACHS & CO. LLC | $27.3M | 6.41% |
| BOFA SECURITIES, INC. | $23.5M | 5.53% |
| BARCLAYS CAPITAL, INC. | $21.2M | 4.97% |
| J.P. Morgan Securities LLC | $16.5M | 3.87% |
| MORGAN STANLEY & CO. LLC | $9.5M | 2.22% |
| BMO CAPITAL MARKETS CORP. | $8.8M | 2.07% |
| JANNEY MONTGOMERY SCOTT LLC | $7.8M | 1.84% |
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.