FNYFX Fees and Costs — Delaware Tax-Free New York II Fund, Class A
Data updated: 2020-11-25
The net expense ratio is 0.86%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.20% other expenses, less a 0.14% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 27%.
FNYFX Fees and Expenses
Annual operating expenses and sales charges of FNYFX. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.86% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
FNYFX Costs Over Time
On $10,000 invested in FNYFX, assuming 5% a year before costs, total costs come to $1,089 over 5 years, cutting the return by 1.86% 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 | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.86%) | $86 | $269 | $468 |
| Lost growth on money paid in costs | $23 | $84 | $172 |
| Total costs | $559 | $804 | $1,089 |
| Value after costs | $9,941 | $10,773 | $11,673 |
| Impact on return, per year | 5.59% | 2.49% | 1.86% |
FNYFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $21.5M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
FNYFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $5.7M | 27.43% |
| Mesirow Financial Inc. | $4.2M | 19.98% |
| WELLS FARGO SECURITIES, LLC | $3.3M | 15.89% |
| Advisors Asset Management, Inc. | $2.8M | 13.67% |
| Southwest Business Corporation | $1.2M | 5.84% |
| STIFEL, NICOLAUS & COMPANY, INC. | $1.0M | 5.05% |
| Robert W. Baird & Co. Incorporated | $706K | 3.40% |
| COWEN EXECUTION SERVICES LLC | $638K | 3.07% |
| WEDBUSH SECURITIES, INC. | $593K | 2.85% |
| The GMS Group | $585K | 2.82% |
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.