FSIFX Fees and Costs — Delaware Strategic Income II Fund, Class A
Data updated: 2021-08-30
The net expense ratio is 1.14%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.34% other expenses. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 244%.
FSIFX Fees and Expenses
Annual operating expenses and sales charges of FSIFX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.14% |
| Fee waiver | — |
| Net expense ratio | 1.14% |
| 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 |
FSIFX Costs Over Time
On $10,000 invested in FSIFX, assuming 5% a year before costs, total costs come to $1,253 over 5 years, cutting the return by 2.15% 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 1.14%) | $114 | $356 | $617 |
| Lost growth on money paid in costs | $23 | $89 | $187 |
| Total costs | $587 | $895 | $1,253 |
| Value after costs | $9,913 | $10,682 | $11,509 |
| Impact on return, per year | 5.87% | 2.78% | 2.15% |
FSIFX 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): $453.6M
- Portfolio turnover (prospectus): 244%
- Securities lending: none during the year
FSIFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GREENWICH PARTNERS LLC | $49.4M | 15.17% |
| Bank of America Corporation | $48.8M | 15.00% |
| CitiGroup Global Markets Inc. | $48.0M | 14.73% |
| Amherst Pierpont Securities LLC | $34.3M | 10.54% |
| BARCLAYS CAPITAL, INC. | $30.5M | 9.38% |
| GOLDMAN SACHS & CO. LLC | $30.4M | 9.34% |
| J.P. Morgan Securities LLC | $30.3M | 9.32% |
| MORGAN STANLEY & CO. LLC | $26.5M | 8.14% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $13.9M | 4.27% |
| DEUTSCHE BANK SECURITIES, INC. | $13.4M | 4.11% |
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.