ILTIX Fees and Costs — Delaware Ivy Limited-Term Bond Fund, Class I
Data updated: 2023-08-29
The net expense ratio is 0.52%: a 0.48% management fee plus 0.16% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $27K in broker commissions, 0.0037% of average net assets, and portfolio turnover was 120%.
ILTIX Fees and Expenses
Annual operating expenses and sales charges of ILTIX. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.64% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.52% |
| 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 |
ILTIX Costs Over Time
On $10,000 invested in ILTIX, assuming 5% a year before costs, total costs come to $331 over 5 years, cutting the return by 0.55% 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 0.52%) | $55 | $171 | $298 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $181 | $331 |
| Value after costs | $10,445 | $11,395 | $12,432 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
ILTIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0037%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 120%
- Securities on loan, average value: $18.6M
- Net income from securities lending: $84K (0.012% of average net assets)
ILTIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADVANTAGE SECURITIES LLC | $16K | 61.55% |
| CITIGROUP GLOBAL MARKETS INC. | $10K | 38.45% |
ILTIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL, INC. | $350.4M | 22.12% |
| BOFA SECURITIES, INC. | $255.1M | 16.11% |
| GOLDMAN SACHS & CO. LLC | $223.8M | 14.13% |
| JANNEY MONTGOMERY SCOTT LLC | $206.8M | 13.06% |
| TD SECURITIES (USA) LLC | $123.7M | 7.81% |
| STATE STREET GLOBAL MARKETS, LLC | $102.7M | 6.48% |
| HSBC SECURITIES (USA), INC. | $97.7M | 6.17% |
| CitiGroup Global Markets Inc. | $96.5M | 6.09% |
| BARCLAYS CAPITAL, INC. | $68.0M | 4.29% |
| Amherst Pierpont | $59.2M | 3.74% |
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.