IGJAX Fees and Costs — Delaware Ivy Government Securities Fund, Class A
Data updated: 2024-05-28
The net expense ratio is 0.88%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses, less a 0.13% fee waiver. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2023 the fund paid $3K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 136%.
IGJAX Fees and Expenses
Annual operating expenses and sales charges of IGJAX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.88% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
IGJAX Costs Over Time
On $10,000 invested in IGJAX, assuming 5% a year before costs, total costs come to $1,102 over 5 years, cutting the return by 1.88% 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 | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.88%) | $88 | $276 | $479 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $23 | $85 | $173 |
| Total costs | $561 | $811 | $1,102 |
| Value after costs | $9,939 | $10,765 | $11,660 |
| Impact on return, per year | 5.61% | 2.51% | 1.88% |
IGJAX 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): 0.0021%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $462.8M
- Portfolio turnover (prospectus): 136%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $5K (0.003% of average net assets)
IGJAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADVANTAGE SECURITIES LLC | $3K | 77.56% |
| CitiGroup Global Markets Inc. | $764 | 22.44% |
IGJAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $68.7M | 17.26% |
| STATE STREET GLOBAL MARKETS, LLC | $55.4M | 13.90% |
| JANNEY MONTGOMERY SCOTT LLC | $47.0M | 11.80% |
| BMO CAPITAL MARKETS CORP. | $46.3M | 11.62% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $45.4M | 11.41% |
| J.P. Morgan Securities LLC | $41.7M | 10.48% |
| TD SECURITIES (USA) LLC | $32.7M | 8.22% |
| WELLS FARGO SECURITIES, LLC | $21.8M | 5.47% |
| BOFA SECURITIES, INC. | $20.9M | 5.26% |
| GOLDMAN SACHS & CO. LLC | $18.2M | 4.58% |
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.