IBJIX Fees and Costs — Delaware Ivy Corporate Bond Fund, Class I
Data updated: 2023-12-11
The net expense ratio is 0.61%: a 0.47% management fee plus 0.25% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 52%.
IBJIX Fees and Expenses
Annual operating expenses and sales charges of IBJIX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.72% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.61% |
| 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 |
IBJIX Costs Over Time
On $10,000 invested in IBJIX, assuming 5% a year before costs, total costs come to $385 over 5 years, cutting the return by 0.64% 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 0.61%) | $64 | $201 | $349 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $385 |
| Value after costs | $10,436 | $11,366 | $12,378 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
IBJIX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $424.4M
- Portfolio turnover (prospectus): 52%
- Securities on loan, average value: $3.2M
- Net income from securities lending: $4K (0.001% of average net assets)
IBJIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $48.2M | 15.78% |
| GOLDMAN SACHS & CO. LLC | $43.3M | 14.18% |
| BARCLAYS CAPITAL, INC. | $42.9M | 14.05% |
| MORGAN STANLEY & CO. LLC | $36.2M | 11.85% |
| J.P. Morgan Securities LLC | $34.2M | 11.19% |
| CitiGroup Global Markets Inc. | $30.7M | 10.06% |
| Jane Street Execution Services, LLC | $26.2M | 8.56% |
| RBC CAPITAL MARKETS LLC | $18.3M | 5.99% |
| BNP PARIBAS SECURITIES CORP. | $13.0M | 4.25% |
| STATE STREET GLOBAL MARKETS, LLC | $12.5M | 4.08% |
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.