FPIKX Fees and Costs — Delaware Premium Income Fund, Class A
Data updated: 2024-05-28
The net expense ratio is 1.30%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.36% other expenses, less a 0.11% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2023 the fund paid $52K in broker commissions, 0.1264% of average net assets, and portfolio turnover was 22%.
FPIKX Fees and Expenses
Annual operating expenses and sales charges of FPIKX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.41% |
| Fee waiver | −0.11% |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FPIKX Costs Over Time
On $10,000 invested in FPIKX, assuming 5% a year before costs, total costs come to $1,568 over 5 years, cutting the return by 2.72% 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 | $673 | $575 | $575 |
| Fund expenses (net expense ratio 1.30%) | $129 | $400 | $690 |
| Trading costs (broker commissions) | $13 | $39 | $67 |
| Lost growth on money paid in costs | $29 | $112 | $236 |
| Total costs | $842 | $1,126 | $1,568 |
| Value after costs | $9,658 | $10,450 | $11,195 |
| Impact on return, per year | 8.42% | 3.52% | 2.72% |
FPIKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1264%
- Total broker commissions: $52K
- Bought from dealers (principal trades, not a cost): $143K
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
FPIKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $19K | 36.61% |
| DASH FINANCIAL TECHNOLOGIES LLC | $9K | 16.42% |
| MORGAN STANLEY & CO. LLC | $7K | 13.05% |
| STONEX FINANCIAL INC. | $5K | 8.92% |
| WELLS FARGO SECURITIES, LLC | $4K | 7.98% |
| Raymond James & Associates, Inc. | $3K | 6.00% |
| EXANE, INC. | $2K | 4.25% |
| SUSQUEHANNA INVESTMENT GROUP | $2K | 3.85% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $2K | 2.91% |
FPIKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Dash Financial Technologies LLC | $78K | 54.61% |
| RAYMOND JAMES & ASSOCIATES, INC. | $65K | 45.39% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $0 | 0.00% |
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.