IDAAX Fees and Costs — Delaware Sustainable Equity Income Fund, Class A
Data updated: 2024-05-28
The net expense ratio is 0.74%: a 0.35% management fee, a 0.25% 12b-1 fee plus 0.37% other expenses, less a 0.23% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2023 the fund paid $121K in broker commissions, 0.1368% of average net assets, and portfolio turnover was 160%.
IDAAX Fees and Expenses
Annual operating expenses and sales charges of IDAAX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.37% |
| Gross expense ratio | 0.97% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.74% |
| 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 |
IDAAX Costs Over Time
On $10,000 invested in IDAAX, assuming 5% a year before costs, total costs come to $1,252 over 5 years, cutting the return by 2.15% 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 0.74%) | $73 | $229 | $397 |
| Trading costs (broker commissions) | $14 | $42 | $73 |
| Lost growth on money paid in costs | $29 | $104 | $206 |
| Total costs | $691 | $950 | $1,252 |
| Value after costs | $9,809 | $10,626 | $11,511 |
| Impact on return, per year | 6.91% | 2.95% | 2.15% |
IDAAX 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): 0.1368%
- Total broker commissions: $121K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 160%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $1K (0.002% of average net assets)
IDAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $13K | 12.51% |
| DASH FINANCIAL TECHNOLOGIES LLC | $12K | 10.87% |
| J.P. Morgan Securities LLC | $11K | 10.70% |
| GOLDMAN SACHS & CO. LLC | $11K | 10.18% |
| MORGAN STANLEY & CO. LLC | $11K | 9.97% |
| BARCLAYS CAPITAL, INC. | $10K | 9.80% |
| BOFA SECURITIES, INC. | $10K | 9.79% |
| UBS Securities LLC | $10K | 9.36% |
| EVERCORE GROUP L.L.C. | $9K | 8.56% |
| BTIG, LLC | $9K | 8.27% |
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.