IPREX Fees and Costs — Delaware Ivy ProShares S&P 500 Bond Index Fund, Class E
Data updated: 2022-08-26
The net expense ratio is 0.59%: a 0.20% management fee, a 0.25% 12b-1 fee plus 0.38% other expenses, less a 0.24% 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%. Portfolio turnover was 65%.
IPREX Fees and Expenses
Annual operating expenses and sales charges of IPREX. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.59% |
| 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 |
IPREX Costs Over Time
On $10,000 invested in IPREX, assuming 5% a year before costs, total costs come to $682 over 5 years, cutting the return by 1.15% 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 0.59%) | $60 | $189 | $330 |
| Lost growth on money paid in costs | $13 | $49 | $102 |
| Total costs | $425 | $488 | $682 |
| Value after costs | $10,075 | $11,088 | $12,081 |
| Impact on return, per year | 4.25% | 1.50% | 1.15% |
IPREX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $245.3M
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $478K
- Net income from securities lending: $1K (0.001% of average net assets)
IPREX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $50.3M | 23.97% |
| MarketAxess Corp. | $34.4M | 16.41% |
| Goldman Sachs and Co. LLC | $28.4M | 13.51% |
| Jane Street Capital, LLC | $25.3M | 12.04% |
| Morgan Stanley Smith and Barney LLC | $17.6M | 8.37% |
| Barclays Capital Inc. | $13.9M | 6.63% |
| J.P. Morgan Securities Inc. | $11.2M | 5.34% |
| Susquehanna Brokerage, LP | $10.6M | 5.06% |
| Citigroup Global Markets Inc. | $9.7M | 4.65% |
| Merrill Lynch, Pierce, Fenner, and Smith Inc. | $8.5M | 4.04% |
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.