IRBIX Fees and Costs — Delaware Ivy Total Return Bond Fund, Class I
Data updated: 2024-05-28
The net expense ratio is 0.95%: a 0.90% management fee plus 1.01% other expenses, less a 0.96% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $15K in broker commissions, 0.0246% of average net assets, and portfolio turnover was 127%.
IRBIX Fees and Expenses
Annual operating expenses and sales charges of IRBIX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.01% |
| Gross expense ratio | 1.91% |
| Fee waiver | −0.96% |
| Net expense ratio | 0.95% |
| 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 |
IRBIX Costs Over Time
On $10,000 invested in IRBIX, assuming 5% a year before costs, total costs come to $610 over 5 years, cutting the return by 1.02% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $335 | $610 |
| Value after costs | $10,398 | $11,241 | $12,153 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
IRBIX 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): 0.0246%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $275.1M
- Portfolio turnover (prospectus): 127%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $7K (0.012% of average net assets)
IRBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ARCHR LLP | $7K | 44.23% |
| CitiGroup Global Markets Inc. | $6K | 42.77% |
| ADVANTAGE SECURITIES LLC | $1K | 8.94% |
| HSBC SECURITIES (USA) INC. | $457 | 3.05% |
| J.P. Morgan Securities LLC | $151 | 1.01% |
| BOFA SECURITIES, INC. | $0 | 0.00% |
| GOLDMAN SACHS & CO. LLC | $0 | 0.00% |
IRBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $99.0M | 45.69% |
| GOLDMAN SACHS & CO. LLC | $19.4M | 8.97% |
| BARCLAYS CAPITAL, INC. | $16.9M | 7.80% |
| BOFA SECURITIES, INC. | $15.8M | 7.30% |
| J.P. Morgan Securities LLC | $12.2M | 5.64% |
| BMO CAPITAL MARKETS CORP. | $11.9M | 5.48% |
| CitiGroup Global Markets Inc. | $11.7M | 5.38% |
| BNP PARIBAS SECURITIES CORP. | $11.4M | 5.27% |
| MORGAN STANLEY & CO. LLC | $10.9M | 5.01% |
| DEUTSCHE BANK SECURITIES, INC. | $7.5M | 3.47% |
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.