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DDVAX Delaware Value® A

  • Fund
  • DDVAX
  • Price as of: Dec 08, 2016
  • $19.76
  • - $0.06
  • - 0.30%
  • Category
  • Large Cap Value Equities

DDVAX - Profile

Vitals

  • YTD Return 12.3%
  • 3 Yr Annualized Return 8.9%
  • 5 Yr Annualized Return 14.6%
  • Net Assets $13.8 B
  • Holdings in Top 10 32.4%

52 WEEK LOW AND HIGH

$19.76
$15.93
$19.82

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.98%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 12.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2016-10-10

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return 13.7%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return 13.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.63%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Delaware Value® Fund
  • Fund Family Name Delaware Investments
  • Inception Date Sep 14, 1998
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Nikhil G. Lalvani

Fund Description

Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of large-capitalization companies (the 80% policy). It invests primarily in securities of large-capitalization companies that the Manager believes have long-term capital appreciation potential. The fund's advisor currently defines large-capitalization stocks as those with market capitalizations of $5 billion or greater at the time of purchase.

DDVAX - Performance

Return Ranking - Trailing

Period DDVAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.3% -75.5% 192.5% 50.05% 3
1 Yr 11.0% -47.2% 27.7% 24.26% 2
3 Yr 8.9% * -15.3% 14.2% 6.69% 1
5 Yr 14.6% * -0.1% 17.6% 11.09% 1
10 Yr 6.7% * -0.9% 8.9% 15.19% 1

* Annualized


Return Ranking - Calendar

Period DDVAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.5% -47.3% 0.6% 6.71% 1
2014 11.8% -46.4% 14.8% 3.78% 1
2013 31.0% -13.6% 45.0% 24.92% 2
2012 12.7% -22.7% 35.8% 47.82% 3
2011 7.1% -34.9% 13.0% 1.69% 1

Total Return Ranking - Trailing

Period DDVAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 13.7% -75.5% 199.7% 48.79% 3
1 Yr 4.6% -51.7% 110.4% 70.25% 4
3 Yr 6.8% * -11.2% 19.9% 42.39% 3
5 Yr 13.2% * -0.1% 17.6% 36.55% 2
10 Yr 6.0% * -0.9% 8.9% 27.78% 2

* Annualized


Total Return Ranking - Calendar

Period DDVAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.6% -26.0% 5.6% 8.79% 1
2014 14.2% -14.3% 39.5% 21.32% 2
2013 36.4% 0.0% 289.2% 64.17% 4
2012 16.3% 0.0% 528.1% 73.42% 4
2011 10.6% -84.2% 231.9% 5.36% 1

NAV & Total Return History

DDVAX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

DDVAX Category Low Category High DDVAX % Rank Quintile
Net Assets 13.8 B 273 K 84.6 B 1.71% 1
Number of Holdings 40 1 999 13.61% 5
Net Assets in Top 10 4.26 B 0 24.7 B 1.24% 1
Weighting of Top 10 32.4% 0.0% 100.1% 9.80% 2

Top 10 Holdings

  1. Mondelez International Inc Class A 3.20%
  2. Occidental Petroleum Corp 3.18%
  3. ConocoPhillips 3.33%
  4. Halliburton Co 3.36%
  5. Chevron Corp 3.23%
  6. Bank of New York Mellon Corp 3.30%
  7. Northrop Grumman Corp 3.26%
  8. Waste Management Inc 3.17%
  9. Edison International 3.16%
  10. BB&T Corp 3.15%

Asset Allocation

Weighting Category Low Category High DDVAX % Rank Quintile
Stocks
95.61% 0.00% 132.93% 17.98% 4
Cash
3.08% -32.93% 100.00% 9.80% 2
Other
1.32% -2.64% 25.55% 2.66% 1
Convertible Bonds
0.00% 0.00% 6.90% 1.14% 5
Preferred Stocks
0.00% 0.00% 18.87% 3.43% 5
Bonds
0.00% -0.12% 75.03% 4.57% 5

Stock Sector Breakdown

Weighting Category Low Category High DDVAX % Rank Quintile
Healthcare
23.28% 0.00% 29.91% 0.76% 1
Energy
14.39% 0.00% 29.15% 2.38% 1
Financial Services
12.40% 0.00% 38.34% 25.74% 5
Technology
11.56% 0.00% 29.49% 14.11% 3
Industrials
9.46% 0.00% 31.48% 17.35% 3
Consumer Defense
9.44% -1.44% 25.28% 9.53% 2
Communication Services
5.90% -0.70% 10.47% 4.19% 1
Utilities
3.16% -0.70% 78.64% 14.59% 3
Basic Materials
3.12% 0.00% 14.96% 11.92% 3
Consumer Cyclical
2.89% 0.00% 34.71% 25.83% 5
Real Estate
0.00% 0.00% 19.44% 18.30% 5

Stock Geographic Breakdown

Weighting Category Low Category High DDVAX % Rank Quintile
US
95.61% 0.00% 132.93% 7.33% 2
Non US
0.00% 0.00% 98.98% 26.55% 5

DDVAX - Expenses

Operational Fees

DDVAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.98% 0.05% 21.67% 16.94% 2
Management Fee 0.52% 0.00% 1.20% 4.38% 2
12b-1 Fee 0.25% 0.00% 1.00% 2.03% 3
Administrative Fee N/A 0.00% 0.50% N/A N/A

Sales Fees

DDVAX Fees (% of AUM) Category Low Category High DDVAX Rank Quintile
Front Load 5.75% 1.00% 5.75% 0.59% 5
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

DDVAX Fees (% of AUM) Category Low Category High DDVAX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DDVAX Fees (% of AUM) Category Low Category High DDVAX Rank Quintile
Turnover 12.00% 0.00% 221.00% 14.56% 1

DDVAX - Distributions

Dividend Yield Analysis

DDVAX Category Low Category High DDVAX % Rank Quintile
Dividend Yield 0.3% 0.00% 3.58% 30.85% 2

Dividend Distribution Analysis

DDVAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

DDVAX Category Low Category High DDVAX % Rank Quintile
Net Income Ratio 1.63% -1.41% 3.83% 11.99% 2

Capital Gain Distribution Analysis

DDVAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

DDVAX - Managers

Nikhil G. Lalvani

Lead Manager

Start Date

Oct 02, 2006

Tenure

10.17

Tenure Rank

4.5%

Nikhil G. Lalvani, CFA Vice President, Portfolio Manager Nikhil G. Lalvani is a portfolio manager with the firm’s Large-Cap Value Focus team. At Delaware Investments, Lalvani has served as both a fundamental and quantitative analyst. Prior to joining the firm in 1997, he was a research associate with Bloomberg. Lalvani holds a bachelor’s degree in finance from The Pennsylvania State University and is a member of the CFA Society of Philadelphia.


Kristen E. Bartholdson

Lead Manager

Start Date

Dec 31, 2008

Tenure

7.92

Tenure Rank

5.7%

Kristen E. Bartholdson Vice President, Portfolio Manager Kristen E. Bartholdson is a portfolio manager with the firm’s Large-Cap Value Focus team. Prior to joining the firm in 2006, she worked at Susquehanna International Group from 2004 to 2006, where she was an equity research salesperson. From 2000 to 2004 she worked in equity research at Credit Suisse, most recently as an associate analyst in investment strategy. Bartholdson earned her bachelor’s degree in economics from Princeton University.


D. Tysen Nutt

Lead Manager

Start Date

Jul 30, 2004

Tenure

12.35

Tenure Rank

3.4%

D. Tysen Nutt Jr. is senior portfolio manager and team leader for the firm’s Large-Cap Value team. Before joining Delaware Investments in 2004 as senior vice president and senior portfolio manager, Nutt led the U.S. Active Large-Cap Value team within Merrill Lynch Investment Managers, where he managed mutual funds and separate accounts for institutions and private clients. He departed Merrill Lynch Investment Managers as a managing director. Prior to joining Merrill Lynch Investment Managers in 1994, Nutt was with Van Deventer & Hoch where he managed large-cap value portfolios for institutions and private clients. He began his investment career at Dean Witter Reynolds, where he eventually became vice president, investments. Nutt earned his bachelor’s degree from Dartmouth College, and he is a member of the New York Society of Security Analysts and the CFA Institute.


Robert A. Vogel

Lead Manager

Start Date

Jul 30, 2004

Tenure

12.35

Tenure Rank

3.4%

Robert A. Vogel Jr. is a senior portfolio manager for the firm's Large-Cap Value team. Prior to joining Delaware Investments in 2004 as vice president and senior portfolio manager, he worked at Merrill Lynch Investment Managers for more than seven years, where he rose to the position of director and portfolio manager within the U.S. Active Large-Cap Value team. He began his career in 1992 as a financial consultant at Merrill Lynch. Vogel graduated from Loyola University Maryland, earning both bachelor's and master's degrees in finance. He also earned an MBA with a concentration in finance from The Wharton School of the University of Pennsylvania. Vogel is a member of the New York Society of Security Analysts, the CFA Institute, and the CFA Society of Philadelphia.


Tenure Analysis

Category Low

0.0

Category High

38.3

Category Average

7

Category Mode

1.9