IECIX Fees and Costs — Delaware Ivy Emerging Markets Local Currency Debt Fund, Class I
Data updated: 2023-08-29
The net expense ratio is 0.80%: a 0.75% management fee plus 0.98% other expenses, less a 0.93% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $1K in broker commissions, 0.0036% of average net assets, and portfolio turnover was 63%.
IECIX Fees and Expenses
Annual operating expenses and sales charges of IECIX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.98% |
| Gross expense ratio | 1.73% |
| Fee waiver | −0.93% |
| Net expense ratio | 0.80% |
| 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 |
IECIX Costs Over Time
On $10,000 invested in IECIX, assuming 5% a year before costs, total costs come to $505 over 5 years, cutting the return by 0.84% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $277 | $505 |
| Value after costs | $10,416 | $11,299 | $12,258 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
IECIX 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): 0.0036%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $50.8M
- Portfolio turnover (prospectus): 63%
- Securities on loan, average value: $564K
- Net income from securities lending: $691 (0.002% of average net assets)
IECIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $824 | 65.09% |
| J.P. Morgan Securities LLC | $442 | 34.91% |
IECIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Banco Bilbao Vizcaya Argentaria (Portugal) S.A. | $9.5M | 19.04% |
| J.P. Morgan Securities LLC | $9.1M | 18.18% |
| STANDARD CHARTERED SECURITIES NORTH AMERICA LLC | $8.1M | 16.34% |
| HSBC SECURITIES (USA), INC. | $7.5M | 15.02% |
| CitiGroup Global Markets Inc. | $6.6M | 13.15% |
| ING FINANCIAL MARKETS LLC | $3.2M | 6.39% |
| BNP PARIBAS SECURITIES CORP. | $1.8M | 3.55% |
| MORGAN STANLEY & CO. LLC | $1.5M | 3.10% |
| GOLDMAN SACHS & CO. LLC | $1.5M | 3.04% |
| TD SECURITIES (USA) LLC | $1.1M | 2.21% |
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.