IPNIX Fees and Costs — Delaware Ivy High Yield Fund, Class I
Data updated: 2024-05-28
The net expense ratio is 0.72%: a 0.62% management fee plus 0.51% other expenses, less a 0.41% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 42%.
IPNIX Fees and Expenses
Annual operating expenses and sales charges of IPNIX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.13% |
| Fee waiver | −0.41% |
| Net expense ratio | 0.72% |
| 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 |
IPNIX Costs Over Time
On $10,000 invested in IPNIX, assuming 5% a year before costs, total costs come to $453 over 5 years, cutting the return by 0.76% 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 0.72%) | $76 | $237 | $411 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $76 | $248 | $453 |
| Value after costs | $10,424 | $11,328 | $12,310 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
IPNIX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $41.5M
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $776K
- Net income from securities lending: $8K (0.023% of average net assets)
IPNIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $4.5M | 13.68% |
| BOFA SECURITIES, INC. | $4.2M | 12.93% |
| GOLDMAN SACHS & CO. LLC | $3.9M | 12.00% |
| MORGAN STANLEY & CO. LLC | $3.7M | 11.31% |
| J.P. Morgan Securities LLC | $3.7M | 11.24% |
| CitiGroup Global Markets Inc. | $3.0M | 9.21% |
| BARCLAYS CAPITAL, INC. | $2.6M | 8.05% |
| TRADEWEB DIRECT LLC | $2.6M | 8.03% |
| Jane Street Execution Services, LLC | $2.4M | 7.34% |
| WELLS FARGO SECURITIES, LLC | $2.0M | 6.21% |
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.