IMAIX Fees and Costs — Delaware Ivy Multi-Asset Income Fund, Class I
Data updated: 2025-05-29
The net expense ratio is 0.76%: a 0.70% management fee plus 0.58% other expenses, less a 0.53% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $32K in broker commissions, 0.0344% of average net assets, and portfolio turnover was 53%.
IMAIX Fees and Expenses
Annual operating expenses and sales charges of IMAIX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.29% |
| Fee waiver | −0.53% |
| Net expense ratio | 0.76% |
| 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 |
IMAIX Costs Over Time
On $10,000 invested in IMAIX, assuming 5% a year before costs, total costs come to $499 over 5 years, cutting the return by 0.83% 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 0.76%) | $80 | $250 | $434 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $83 | $274 | $499 |
| Value after costs | $10,417 | $11,303 | $12,264 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
IMAIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0344%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $104.8M
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
IMAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $5K | 18.34% |
| GOLDMAN SACHS & CO. LLC | $4K | 13.63% |
| J.P. Morgan Securities LLC | $3K | 10.92% |
| JEFFERIES LLC | $3K | 10.73% |
| CitiGroup Global Markets Inc. | $3K | 10.54% |
| BOFA SECURITIES, INC. | $3K | 9.94% |
| BARCLAYS CAPITAL, INC. | $2K | 8.54% |
| UBS Securities LLC | $2K | 6.69% |
| BNP Paribas Securities Corp. | $2K | 5.80% |
| TD SECURITIES (USA) LLC | $1K | 4.86% |
IMAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $40.4M | 46.49% |
| MORGAN STANLEY & CO. LLC | $11.0M | 12.66% |
| BOFA SECURITIES, INC. | $7.2M | 8.31% |
| GOLDMAN SACHS & CO. LLC | $6.1M | 7.01% |
| CitiGroup Global Markets Inc. | $5.1M | 5.84% |
| J.P. Morgan Securities LLC | $4.9M | 5.69% |
| BARCLAYS CAPITAL, INC. | $4.9M | 5.65% |
| BMO CAPITAL MARKETS CORP. | $3.5M | 3.98% |
| DEUTSCHE BANK SECURITIES, INC. | $2.2M | 2.52% |
| Jane Street Execution Services, LLC | $1.6M | 1.86% |
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.