FIUTX Fees and Costs — Delaware Equity Income Fund, Class A
Data updated: 2023-02-27
The net expense ratio is 1.02%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.22% 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 $55K in broker commissions, 0.0197% of average net assets, and portfolio turnover was 23%.
FIUTX Fees and Expenses
Annual operating expenses and sales charges of FIUTX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.02% |
| 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 |
FIUTX Costs Over Time
On $10,000 invested in FIUTX, assuming 5% a year before costs, total costs come to $1,346 over 5 years, cutting the return by 2.32% 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 1.02%) | $101 | $315 | $546 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $29 | $107 | $215 |
| Total costs | $707 | $1,002 | $1,346 |
| Value after costs | $9,793 | $10,574 | $11,416 |
| Impact on return, per year | 7.07% | 3.12% | 2.32% |
FIUTX 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): 0.0197%
- Total broker commissions: $55K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
FIUTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $8K | 17.54% |
| GOLDMAN SACHS & CO. LLC | $7K | 15.70% |
| BMO CAPITAL MARKETS CORP. | $6K | 12.06% |
| MIZUHO SECURITIES (USA) INC. | $5K | 10.63% |
| BTIG, LLC | $4K | 9.01% |
| JEFFERIES LLC | $4K | 8.21% |
| J.P. Morgan Securities LLC | $4K | 7.62% |
| UBS Securities LLC | $4K | 7.59% |
| MKM PARTNERS LLC | $3K | 5.89% |
| BARCLAYS CAPITAL, INC. | $3K | 5.76% |
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.