IYAIX Fees and Costs — Delaware Ivy Value Fund, Class I
Data updated: 2024-08-27
The net expense ratio is 0.83%: a 0.69% management fee plus 0.17% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $167K in broker commissions, 0.0291% of average net assets, and portfolio turnover was 103%.
IYAIX Fees and Expenses
Annual operating expenses and sales charges of IYAIX. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.83% |
| 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 |
IYAIX Costs Over Time
On $10,000 invested in IYAIX, assuming 5% a year before costs, total costs come to $539 over 5 years, cutting the return by 0.90% 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $296 | $539 |
| Value after costs | $10,410 | $11,280 | $12,224 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
IYAIX 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): 0.0291%
- Total broker commissions: $167K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 103%
- Securities lending: none during the year
IYAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $27K | 19.93% |
| J.P. Morgan Securities LLC | $21K | 15.24% |
| GOLDMAN SACHS & CO. LLC | $18K | 12.84% |
| BARCLAYS CAPITAL, INC. | $13K | 9.41% |
| BOFA SECURITIES, INC. | $13K | 9.40% |
| CitiGroup Global Markets Inc. | $12K | 8.97% |
| UBS Securities LLC | $10K | 7.30% |
| EVERCORE GROUP LLC | $8K | 6.17% |
| JEFFERIES LLC | $8K | 5.69% |
| RBC CAPITAL MARKETS, LLC | $7K | 5.05% |
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.