FLDLX Fees and Costs — Delaware Limited Duration Bond Fund, Institutional Class
Data updated: 2021-08-30
The net expense ratio is 0.49%: a 0.50% management fee plus 0.32% other expenses, less a 0.33% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 162%.
FLDLX Fees and Expenses
Annual operating expenses and sales charges of FLDLX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.33% |
| Net expense ratio | 0.49% |
| 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 |
FLDLX Costs Over Time
On $10,000 invested in FLDLX, assuming 5% a year before costs, total costs come to $310 over 5 years, cutting the return by 0.51% 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 0.49%) | $51 | $161 | $281 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $169 | $310 |
| Value after costs | $10,449 | $11,407 | $12,453 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
FLDLX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $827.7M
- Portfolio turnover (prospectus): 162%
- Securities lending: none during the year
FLDLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America Corporation | $107.4M | 20.72% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $72.4M | 13.97% |
| HSBC SECURITIES INC | $58.7M | 11.33% |
| CitiGroup Global Markets Inc. | $52.1M | 10.06% |
| GOLDMAN SACHS & CO. LLC | $51.5M | 9.93% |
| J.P. Morgan Securities LLC | $45.6M | 8.80% |
| MORGAN STANLEY & CO. LLC | $37.0M | 7.14% |
| SEAPORT SECURITIES CORP. | $35.5M | 6.85% |
| State Street Bank & Trust Co. | $30.5M | 5.89% |
| The Toronto-Dominion Bank | $27.5M | 5.31% |
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.