FRCEX Fees and Costs — Delaware Covered Call Strategy Fund, Class R6
Data updated: 2024-05-28
The net expense ratio is 0.98%: a 0.80% management fee plus 0.19% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $179K in broker commissions, 0.1794% of average net assets, and portfolio turnover was 10%.
FRCEX Fees and Expenses
Annual operating expenses and sales charges of FRCEX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.98% |
| 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 |
FRCEX Costs Over Time
On $10,000 invested in FRCEX, assuming 5% a year before costs, total costs come to $723 over 5 years, cutting the return by 1.22% 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 0.98%) | $103 | $321 | $555 |
| Trading costs (broker commissions) | $19 | $59 | $102 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $122 | $398 | $723 |
| Value after costs | $10,378 | $11,178 | $12,040 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
FRCEX 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): 0.1794%
- Total broker commissions: $179K
- Bought from dealers (principal trades, not a cost): $63K
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
FRCEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $52K | 29.30% |
| STONEX FINANCIAL INC. | $39K | 21.74% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $34K | 19.03% |
| Raymond James & Associates, Inc. | $18K | 10.02% |
| DASH FINANCIAL TECHNOLOGIES LLC | $14K | 7.92% |
| EXANE, INC. | $11K | 6.37% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $8K | 4.71% |
| SUSQUEHANNA INVESTMENT GROUP | $2K | 0.90% |
FRCEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Dash Financial Technologies LLC | $63K | 100.00% |
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.