IRERX Fees and Costs — Delaware Global Real Estate Fund, Class R
Data updated: 2024-06-11
The net expense ratio is 1.54%: a 0.95% management fee, a 0.50% 12b-1 fee plus 0.73% other expenses, less a 0.64% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $31K in broker commissions, 0.1078% of average net assets, and portfolio turnover was 109%.
IRERX Fees and Expenses
Annual operating expenses and sales charges of IRERX. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.73% |
| Gross expense ratio | 2.18% |
| Fee waiver | −0.64% |
| Net expense ratio | 1.54% |
| 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 |
IRERX Costs Over Time
On $10,000 invested in IRERX, assuming 5% a year before costs, total costs come to $1,017 over 5 years, cutting the return by 1.73% 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 1.54%) | $162 | $501 | $863 |
| Trading costs (broker commissions) | $11 | $35 | $60 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $173 | $563 | $1,017 |
| Value after costs | $10,327 | $11,013 | $11,745 |
| Impact on return, per year | 1.73% | 1.73% | 1.73% |
IRERX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1078%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $441K
- Portfolio turnover (prospectus): 109%
- Securities lending: none during the year
IRERX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4K | 17.74% |
| MORGAN STANLEY & CO. LLC | $4K | 15.31% |
| UBS Securities LLC | $3K | 13.00% |
| JEFFERIES LLC | $3K | 11.12% |
| CitiGroup Global Markets Inc. | $2K | 9.57% |
| BOFA SECURITIES, INC. | $2K | 8.49% |
| CREDIT AGRICOLE SECURITIES (USA), INC. | $2K | 8.19% |
| DBS Vickers Securities (USA) Inc. | $2K | 6.37% |
| BTIG, LLC | $1K | 5.25% |
| BMO CAPITAL MARKETS CORP. | $1K | 4.93% |
IRERX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $297K | 67.39% |
| CitiGroup Global Markets Inc. | $77K | 17.37% |
| MUFG SECURITIES AMERICAS INC. | $54K | 12.20% |
| UBS SECURITIES LLC | $13K | 3.04% |
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.