ICKYX Fees and Costs — Delaware Ivy Crossover Credit Fund, Class Y
Data updated: 2023-08-29
The net expense ratio is 0.90%: a 0.51% management fee, a 0.25% 12b-1 fee plus 0.81% other expenses, less a 0.67% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 60%.
ICKYX Fees and Expenses
Annual operating expenses and sales charges of ICKYX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.81% |
| Gross expense ratio | 1.57% |
| Fee waiver | −0.67% |
| Net expense ratio | 0.90% |
| 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 |
ICKYX Costs Over Time
On $10,000 invested in ICKYX, assuming 5% a year before costs, total costs come to $564 over 5 years, cutting the return by 0.94% 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 0.90%) | $94 | $295 | $512 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $94 | $310 | $564 |
| Value after costs | $10,406 | $11,266 | $12,199 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
ICKYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $31.4M
- Portfolio turnover (prospectus): 60%
- Securities on loan, average value: $402K
- Net income from securities lending: $1K (0.003% of average net assets)
ICKYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $4.0M | 17.06% |
| BOFA SECURITIES, INC. | $3.6M | 15.54% |
| GOLDMAN SACHS & CO. LLC | $2.6M | 11.32% |
| J.P. Morgan Securities LLC | $2.6M | 11.01% |
| BARCLAYS CAPITAL, INC. | $2.1M | 9.15% |
| Jane Street Execution Services, LLC | $2.1M | 9.01% |
| CitiGroup Global Markets Inc. | $2.0M | 8.76% |
| DEUTSCHE BANK SECURITIES, INC. | $1.7M | 7.36% |
| MILLENNIUM ADVISORS, LLC | $1.4M | 6.08% |
| WELLS FARGO SECURITIES, LLC | $1.1M | 4.71% |
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.