IIIRX Fees and Costs — Delaware Ivy Proshares Interest Rate Hedged High Yield Index Fund, Class I
Data updated: 2022-08-26
The net expense ratio is 0.65%: a 0.50% management fee plus 0.72% other expenses, less a 0.57% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $3K in broker commissions, 0.0079% of average net assets, and portfolio turnover was 54%.
IIIRX Fees and Expenses
Annual operating expenses and sales charges of IIIRX. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.72% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.57% |
| Net expense ratio | 0.65% |
| 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 |
IIIRX Costs Over Time
On $10,000 invested in IIIRX, assuming 5% a year before costs, total costs come to $414 over 5 years, cutting the return by 0.69% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $227 | $414 |
| Value after costs | $10,431 | $11,349 | $12,348 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
IIIRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0079%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $68.5M
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
IIIRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets | $3K | 100.00% |
IIIRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $27.9M | 42.93% |
| MarketAxess Corp. | $9.0M | 13.86% |
| Merrill Lynch, Pierce, Fenner, and Smith Inc. | $5.4M | 8.37% |
| Citigroup Global Markets Inc. | $4.0M | 6.09% |
| Goldman Sachs and Co. LLC | $3.9M | 5.93% |
| Morgan Stanley Smith and Barney LLC | $3.7M | 5.67% |
| J.P. Morgan Securities Inc. | $3.6M | 5.51% |
| Jane Street Capital, LLC | $3.4M | 5.26% |
| Jefferies and Company Inc. | $2.4M | 3.70% |
| Barclays Capital Inc. | $1.7M | 2.69% |
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.