IATIX Fees and Costs — Delaware Ivy Accumulative Fund, Class I
Data updated: 2024-05-28
The net expense ratio is 0.79%: a 0.70% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $453K in broker commissions, 0.0631% of average net assets, and portfolio turnover was 95%.
IATIX Fees and Expenses
Annual operating expenses and sales charges of IATIX. Prospectus, as of June 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| 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 |
IATIX Costs Over Time
On $10,000 invested in IATIX, assuming 5% a year before costs, total costs come to $535 over 5 years, cutting the return by 0.90% 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 0.79%) | $83 | $259 | $450 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $294 | $535 |
| Value after costs | $10,410 | $11,282 | $12,228 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
IATIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0631%
- Total broker commissions: $453K
- Bought from dealers (principal trades, not a cost): $639K
- Portfolio turnover (prospectus): 95%
- Securities on loan, average value: $49.6M
- Net income from securities lending: $93K (0.013% of average net assets)
IATIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $47K | 14.04% |
| CREDIT SUISSE SECURITIES (USA) LLC | $46K | 13.99% |
| GOLDMAN SACHS & CO. LLC | $35K | 10.46% |
| BOFA SECURITIES, INC. | $33K | 10.00% |
| BARCLAYS CAPITAL, INC. | $33K | 9.82% |
| PIPER SANDLER & CO. | $32K | 9.54% |
| J.P. Morgan Securities LLC | $30K | 8.97% |
| MORGAN STANLEY & CO. LLC | $29K | 8.62% |
| UBS Securities LLC | $26K | 7.73% |
| DASH FINANCIAL TECHNOLOGIES LLC | $23K | 6.83% |
IATIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $639K | 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.