IGJIX Fees and Costs — Delaware Ivy Government Securities Fund, Class I
Data updated: 2024-05-28
The net expense ratio is 0.63%: a 0.50% management fee plus 0.18% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 136%.
IGJIX Fees and Expenses
Annual operating expenses and sales charges of IGJIX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.63% |
| 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 |
IGJIX Costs Over Time
On $10,000 invested in IGJIX, assuming 5% a year before costs, total costs come to $398 over 5 years, cutting the return by 0.66% 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 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $218 | $398 |
| Value after costs | $10,434 | $11,358 | $12,365 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
IGJIX 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)
IGJIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADVANTAGE SECURITIES LLC | $3K | 77.56% |
| CitiGroup Global Markets Inc. | $764 | 22.44% |
IGJIX 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.