IBIAX Fees and Costs — Delaware Global Equity Fund II, Class A
Data updated: 2024-08-27
The net expense ratio is 1.17%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.38% other expenses, less a 0.16% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $183K in broker commissions, 0.0645% of average net assets, and portfolio turnover was 25%.
IBIAX Fees and Expenses
Annual operating expenses and sales charges of IBIAX. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.33% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.17% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
IBIAX Costs Over Time
On $10,000 invested in IBIAX, assuming 5% a year before costs, total costs come to $1,458 over 5 years, cutting the return by 2.52% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.17%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $29 | $109 | $225 |
| Total costs | $726 | $1,065 | $1,458 |
| Value after costs | $9,774 | $10,512 | $11,305 |
| Impact on return, per year | 7.26% | 3.32% | 2.52% |
IBIAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0645%
- Total broker commissions: $183K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
IBIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $106K | 65.13% |
| MORGAN STANLEY & CO. LLC | $11K | 6.92% |
| BOFA SECURITIES, INC. | $9K | 5.37% |
| JEFFERIES LLC | $7K | 4.50% |
| UBS Securities LLC | $7K | 4.29% |
| J.P. Morgan Securities LLC | $7K | 4.28% |
| BARCLAYS CAPITAL, INC. | $5K | 2.94% |
| CREDIT AGRICOLE SECURITIES (USA), INC. | $4K | 2.39% |
| TD SECURITIES (USA) LLC | $4K | 2.21% |
| GOLDMAN SACHS & CO. LLC | $3K | 1.97% |
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.