IMWEX Fees and Costs — Delaware Ivy Proshares MSCI ACWI Index Fund, Class E
Data updated: 2022-08-26
The net expense ratio is 0.70%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.77% other expenses, less a 0.77% fee waiver. This share class carries a maximum front-end sales load of 2.50% and a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $12K in broker commissions, 0.0164% of average net assets, and portfolio turnover was 17%.
IMWEX Fees and Expenses
Annual operating expenses and sales charges of IMWEX. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.77% |
| Gross expense ratio | 1.47% |
| Fee waiver | −0.77% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
IMWEX Costs Over Time
On $10,000 invested in IMWEX, assuming 5% a year before costs, total costs come to $758 over 5 years, cutting the return by 1.28% 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 | $352 | $250 | $250 |
| Fund expenses (net expense ratio 0.70%) | $72 | $224 | $390 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $12 | $51 | $109 |
| Total costs | $437 | $530 | $758 |
| Value after costs | $10,063 | $11,046 | $12,004 |
| Impact on return, per year | 4.37% | 1.63% | 1.28% |
IMWEX 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): 0.0164%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $7.0M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $585K
- Net income from securities lending: $8K (0.011% of average net assets)
IMWEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities Inc. | $12K | 100.00% |
IMWEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $6.9M | 98.82% |
| J.P. Morgan Securities Inc. | $82K | 1.18% |
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.