ICDAX Fees and Costs — Delaware International Equity Fund II, Class A
Data updated: 2024-06-11
The net expense ratio is 1.04%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.54% other expenses, less a 0.75% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $115K in broker commissions, 0.1058% of average net assets, and portfolio turnover was 36%.
ICDAX Fees and Expenses
Annual operating expenses and sales charges of ICDAX. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.54% |
| Gross expense ratio | 1.79% |
| Fee waiver | −0.75% |
| Net expense ratio | 1.04% |
| 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 |
ICDAX Costs Over Time
On $10,000 invested in ICDAX, assuming 5% a year before costs, total costs come to $1,407 over 5 years, cutting the return by 2.43% 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 1.04%) | $103 | $321 | $555 |
| Trading costs (broker commissions) | $10 | $33 | $56 |
| Lost growth on money paid in costs | $29 | $108 | $221 |
| Total costs | $717 | $1,036 | $1,407 |
| Value after costs | $9,783 | $10,540 | $11,355 |
| Impact on return, per year | 7.17% | 3.23% | 2.43% |
ICDAX 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): 0.1058%
- Total broker commissions: $115K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
ICDAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $58K | 58.59% |
| MORGAN STANLEY & CO. LLC | $8K | 7.96% |
| UBS Securities LLC | $6K | 6.27% |
| BOFA SECURITIES, INC. | $5K | 5.46% |
| J.P. Morgan Securities LLC | $5K | 4.82% |
| RBC CAPITAL MARKETS, LLC | $4K | 3.97% |
| BARCLAYS CAPITAL, INC. | $4K | 3.64% |
| GOLDMAN SACHS & CO. LLC | $3K | 3.46% |
| JEFFERIES LLC | $3K | 3.01% |
| CREDIT AGRICOLE SECURITIES (USA), INC. | $3K | 2.83% |
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.