IRUEX Fees and Costs — Delaware Ivy ProShares Russell 2000 Dividend Growers Index Fund, Class E
Data updated: 2022-08-26
The net expense ratio is 0.67%: a 0.40% management fee, a 0.25% 12b-1 fee plus 0.48% other expenses, less a 0.46% 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%. In fiscal 2021 the fund paid $15K in broker commissions, 0.0162% of average net assets, and portfolio turnover was 56%.
IRUEX Fees and Expenses
Annual operating expenses and sales charges of IRUEX. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.13% |
| Fee waiver | −0.46% |
| Net expense ratio | 0.67% |
| 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 |
IRUEX Costs Over Time
On $10,000 invested in IRUEX, assuming 5% a year before costs, total costs come to $740 over 5 years, cutting the return by 1.25% 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 0.67%) | $69 | $215 | $374 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $12 | $50 | $108 |
| Total costs | $434 | $520 | $740 |
| Value after costs | $10,066 | $11,056 | $12,023 |
| Impact on return, per year | 4.34% | 1.60% | 1.25% |
IRUEX 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): 0.0162%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $9.5M
- Portfolio turnover (prospectus): 56%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $4K (0.004% of average net assets)
IRUEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Brokerage, LP | $15K | 100.00% |
IRUEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $9.5M | 100.00% |
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.