IRPOX Fees and Costs — Delaware Ivy Strategic Income Fund, Class R6
Data updated: 2023-08-29
The net expense ratio is 0.67%: a 0.68% management fee plus 0.20% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $4K in broker commissions, 0.0014% of average net assets, and portfolio turnover was 57%.
IRPOX Fees and Expenses
Annual operating expenses and sales charges of IRPOX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.67% |
| 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 |
IRPOX Costs Over Time
On $10,000 invested in IRPOX, assuming 5% a year before costs, total costs come to $423 over 5 years, cutting the return by 0.70% 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 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $70 | $232 | $423 |
| Value after costs | $10,430 | $11,345 | $12,340 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
IRPOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0014%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $243.4M
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $8.7M
- Net income from securities lending: $114K (0.045% of average net assets)
IRPOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $995 | 27.16% |
| ADVANTAGE SECURITIES LLC | $701 | 19.14% |
| MORGAN STANLEY & CO. LLC | $626 | 17.09% |
| SANFORD C. BERNSTEIN & CO., LLC | $465 | 12.69% |
| BARCLAYS CAPITAL, INC. | $397 | 10.84% |
| J.P. Morgan Securities LLC | $395 | 10.78% |
| HSBC SECURITIES (USA) INC. | $84 | 2.29% |
IRPOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $49.4M | 27.79% |
| Amherst Pierpont Securities LLC | $18.8M | 10.58% |
| BOFA SECURITIES, INC. | $17.5M | 9.84% |
| DEUTSCHE BANK SECURITIES, INC. | $17.4M | 9.79% |
| J.P. Morgan Securities LLC | $16.2M | 9.11% |
| CitiGroup Global Markets Inc. | $14.6M | 8.20% |
| BARCLAYS CAPITAL, INC. | $13.6M | 7.62% |
| HSBC SECURITIES (USA), INC. | $12.0M | 6.73% |
| MORGAN STANLEY & CO. LLC | $9.2M | 5.18% |
| STATE STREET GLOBAL MARKETS, LLC | $9.2M | 5.17% |
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.