IVJRX Fees and Costs — Delaware Ivy International Small Cap Fund, Class R6
Data updated: 2023-08-29
The net expense ratio is 0.99%: a 1.00% management fee plus 0.48% other expenses, less a 0.49% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $71K in broker commissions, 0.0978% of average net assets, and portfolio turnover was 132%.
IVJRX Fees and Expenses
Annual operating expenses and sales charges of IVJRX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.48% |
| Fee waiver | −0.49% |
| Net expense ratio | 0.99% |
| 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 |
IVJRX Costs Over Time
On $10,000 invested in IVJRX, assuming 5% a year before costs, total costs come to $679 over 5 years, cutting the return by 1.14% 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 0.99%) | $104 | $324 | $561 |
| Trading costs (broker commissions) | $10 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $114 | $374 | $679 |
| Value after costs | $10,386 | $11,203 | $12,084 |
| Impact on return, per year | 1.14% | 1.14% | 1.14% |
IVJRX 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): 0.0978%
- Total broker commissions: $71K
- Bought from dealers (principal trades, not a cost): $193K
- Portfolio turnover (prospectus): 132%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $39K (0.054% of average net assets)
IVJRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $14K | 21.94% |
| HSBC SECURITIES (USA) INC. | $11K | 18.26% |
| CREDIT SUISSE SECURITIES (USA) LLC | $8K | 13.02% |
| MORGAN STANLEY & CO. LLC | $8K | 12.42% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $5K | 7.80% |
| CitiGroup Global Markets Inc. | $4K | 6.89% |
| BOFA SECURITIES, INC. | $3K | 5.62% |
| RBC CAPITAL MARKETS, LLC | $3K | 5.14% |
| UBS Securities LLC | $3K | 4.56% |
| LIQUIDNET, INC. | $3K | 4.36% |
IVJRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HSBC SECURITIES (USA), INC. | $185K | 95.84% |
| UBS SECURITIES LLC | $8K | 4.16% |
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.