Delaware Floating Rate II R6
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$46.1 M
Holdings in Top 10
19.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.97%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 176.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FRFNX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.61%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDelaware Floating Rate II Fund
-
Fund Family NameFirst Investors
-
Inception DateOct 18, 2013
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAdam Brown
Fund Description
FRFNX - Performance
Return Ranking - Trailing
Period | FRFNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -1.0% | 4.8% | 83.96% |
1 Yr | N/A | -5.0% | 24.2% | 39.25% |
3 Yr | N/A* | -5.6% | 8.2% | 99.27% |
5 Yr | N/A* | -7.1% | 37.2% | 89.68% |
10 Yr | N/A* | -2.0% | 19.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | FRFNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -12.0% | 17.3% | 11.54% |
2022 | N/A | -22.9% | 5.1% | 100.00% |
2021 | N/A | -12.2% | 12.0% | 25.56% |
2020 | N/A | -14.1% | 289.8% | 55.81% |
2019 | N/A | -8.1% | 14.6% | 8.10% |
Total Return Ranking - Trailing
Period | FRFNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -1.0% | 4.8% | 81.85% |
1 Yr | N/A | -5.0% | 24.2% | 39.04% |
3 Yr | N/A* | -5.6% | 8.2% | 99.27% |
5 Yr | N/A* | -7.1% | 37.2% | 90.04% |
10 Yr | N/A* | -2.0% | 19.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FRFNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -12.0% | 30.3% | 11.89% |
2022 | N/A | -22.9% | 5.1% | 100.00% |
2021 | N/A | -10.2% | 19.4% | 25.56% |
2020 | N/A | -14.1% | 306.9% | 56.20% |
2019 | N/A | -3.6% | 23.8% | 17.81% |
NAV & Total Return History
FRFNX - Holdings
Concentration Analysis
FRFNX | Category Low | Category High | FRFNX % Rank | |
---|---|---|---|---|
Net Assets | 46.1 M | 29.9 M | 13.5 B | 98.88% |
Number of Holdings | 124 | 2 | 1605 | 91.88% |
Net Assets in Top 10 | 8.94 M | -191 M | 2.48 B | 97.42% |
Weighting of Top 10 | 19.53% | 5.2% | 100.8% | 29.26% |
Top 10 Holdings
- Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 2.67%
- Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 2.67%
- Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 2.67%
- Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 2.67%
- Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 2.67%
- Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 2.67%
- Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 2.67%
- Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 2.67%
- Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 2.67%
- Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 2.67%
Asset Allocation
Weighting | Return Low | Return High | FRFNX % Rank | |
---|---|---|---|---|
Bonds | 96.05% | 0.00% | 161.82% | 35.79% |
Cash | 7.80% | -61.90% | 18.85% | 22.14% |
Convertible Bonds | 0.49% | 0.00% | 5.51% | 9.29% |
Preferred Stocks | 0.39% | -3.99% | 6.42% | 9.59% |
Stocks | 0.00% | 0.00% | 100.78% | 91.14% |
Other | -4.72% | -52.39% | 26.58% | 98.15% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FRFNX % Rank | |
---|---|---|---|---|
Corporate | 91.77% | 0.00% | 141.23% | 39.78% |
Cash & Equivalents | 7.45% | 0.00% | 25.03% | 25.46% |
Securitized | 0.78% | 0.00% | 91.68% | 39.78% |
Derivative | 0.00% | -8.79% | 1.12% | 42.07% |
Municipal | 0.00% | 0.00% | 0.47% | 11.52% |
Government | 0.00% | 0.00% | 3.18% | 29.74% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FRFNX % Rank | |
---|---|---|---|---|
US | 96.05% | 0.00% | 144.71% | 23.99% |
Non US | 0.00% | 0.00% | 63.23% | 53.14% |
FRFNX - Expenses
Operational Fees
FRFNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.97% | 0.03% | 12.26% | 63.00% |
Management Fee | 0.50% | 0.00% | 1.89% | 12.95% |
12b-1 Fee | N/A | 0.00% | 1.00% | 7.84% |
Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
FRFNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
FRFNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
FRFNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 176.00% | 4.00% | 180.00% | 98.44% |
FRFNX - Distributions
Dividend Yield Analysis
FRFNX | Category Low | Category High | FRFNX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.27% | 27.60% |
Dividend Distribution Analysis
FRFNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
FRFNX | Category Low | Category High | FRFNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.61% | 1.77% | 9.82% | 16.17% |
Capital Gain Distribution Analysis
FRFNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.063 | OrdinaryDividend |
Feb 29, 2024 | $0.057 | OrdinaryDividend |
Jan 31, 2024 | $0.064 | OrdinaryDividend |
Dec 29, 2023 | $0.063 | OrdinaryDividend |
Nov 30, 2023 | $0.061 | OrdinaryDividend |
Oct 31, 2023 | $0.062 | OrdinaryDividend |
Sep 29, 2023 | $0.063 | OrdinaryDividend |
Aug 31, 2023 | $0.058 | OrdinaryDividend |
Jul 31, 2023 | $0.058 | OrdinaryDividend |
Jun 30, 2023 | $0.057 | OrdinaryDividend |
May 31, 2023 | $0.060 | OrdinaryDividend |
Apr 28, 2023 | $0.058 | OrdinaryDividend |
Mar 31, 2023 | $0.056 | OrdinaryDividend |
Feb 28, 2023 | $0.050 | OrdinaryDividend |
Jan 31, 2023 | $0.053 | OrdinaryDividend |
Dec 30, 2022 | $0.051 | OrdinaryDividend |
Nov 30, 2022 | $0.045 | OrdinaryDividend |
Oct 31, 2022 | $0.045 | OrdinaryDividend |
Sep 30, 2022 | $0.039 | OrdinaryDividend |
Aug 31, 2022 | $0.038 | OrdinaryDividend |
Jul 29, 2022 | $0.036 | OrdinaryDividend |
Jun 30, 2022 | $0.026 | OrdinaryDividend |
May 31, 2022 | $0.019 | OrdinaryDividend |
Apr 29, 2022 | $0.023 | OrdinaryDividend |
Mar 31, 2022 | $0.024 | OrdinaryDividend |
Feb 28, 2022 | $0.026 | OrdinaryDividend |
Jan 31, 2022 | $0.028 | OrdinaryDividend |
Dec 31, 2021 | $0.026 | OrdinaryDividend |
Nov 30, 2021 | $0.037 | OrdinaryDividend |
Oct 29, 2021 | $0.028 | OrdinaryDividend |
Sep 30, 2021 | $0.032 | OrdinaryDividend |
Aug 31, 2021 | $0.036 | OrdinaryDividend |
Jul 30, 2021 | $0.031 | OrdinaryDividend |
Jun 30, 2021 | $0.034 | OrdinaryDividend |
May 28, 2021 | $0.036 | OrdinaryDividend |
Apr 30, 2021 | $0.037 | OrdinaryDividend |
Mar 31, 2021 | $0.037 | OrdinaryDividend |
Feb 26, 2021 | $0.036 | OrdinaryDividend |
Jan 29, 2021 | $0.035 | OrdinaryDividend |
Dec 31, 2020 | $0.037 | OrdinaryDividend |
Dec 15, 2020 | $0.038 | OrdinaryDividend |
Nov 30, 2020 | $0.036 | OrdinaryDividend |
Oct 30, 2020 | $0.036 | OrdinaryDividend |
Sep 30, 2020 | $0.034 | OrdinaryDividend |
Aug 31, 2020 | $0.028 | OrdinaryDividend |
Jul 31, 2020 | $0.028 | OrdinaryDividend |
Jun 30, 2020 | $0.028 | OrdinaryDividend |
May 29, 2020 | $0.034 | OrdinaryDividend |
May 01, 2020 | $0.034 | OrdinaryDividend |
Apr 30, 2020 | $0.034 | OrdinaryDividend |
Mar 31, 2020 | $0.030 | OrdinaryDividend |
Feb 28, 2020 | $0.035 | OrdinaryDividend |
Jan 31, 2020 | $0.029 | OrdinaryDividend |
Dec 18, 2019 | $0.026 | OrdinaryDividend |
Nov 25, 2019 | $0.029 | OrdinaryDividend |
Oct 23, 2019 | $0.031 | OrdinaryDividend |
Oct 02, 2019 | $0.043 | OrdinaryDividend |
Sep 05, 2019 | $0.045 | OrdinaryDividend |
Aug 05, 2019 | $0.037 | OrdinaryDividend |
Jul 05, 2019 | $0.025 | DailyAccrualFund |
Jun 05, 2019 | $0.025 | DailyAccrualFund |
May 06, 2019 | $0.034 | OrdinaryDividend |
May 05, 2019 | $0.034 | DailyAccrualFund |
Apr 05, 2019 | $0.036 | DailyAccrualFund |
Mar 05, 2019 | $0.035 | DailyAccrualFund |
Feb 05, 2019 | $0.033 | DailyAccrualFund |
Jan 05, 2019 | $0.037 | DailyAccrualFund |
Dec 05, 2018 | $0.039 | DailyAccrualFund |
Nov 05, 2018 | $0.034 | DailyAccrualFund |
Sep 05, 2018 | $0.033 | DailyAccrualFund |
Aug 06, 2018 | $0.032 | DailyAccrualFund |
Jul 05, 2018 | $0.033 | DailyAccrualFund |
Jun 05, 2018 | $0.029 | DailyAccrualFund |
May 04, 2018 | $0.027 | DailyAccrualFund |
Apr 05, 2018 | $0.027 | DailyAccrualFund |
Mar 05, 2018 | $0.032 | DailyAccrualFund |
Feb 05, 2018 | $0.027 | DailyAccrualFund |
Jan 05, 2018 | $0.028 | DailyAccrualFund |
Dec 05, 2017 | $0.027 | DailyAccrualFund |
Nov 06, 2017 | $0.029 | DailyAccrualFund |
Oct 05, 2017 | $0.026 | DailyAccrualFund |
Sep 05, 2017 | $0.027 | DailyAccrualFund |
Aug 04, 2017 | $0.027 | DailyAccrualFund |
Jul 05, 2017 | $0.027 | DailyAccrualFund |
Jun 05, 2017 | $0.027 | DailyAccrualFund |
May 05, 2017 | $0.027 | DailyAccrualFund |
Apr 05, 2017 | $0.027 | DailyAccrualFund |
Mar 06, 2017 | $0.027 | DailyAccrualFund |
Feb 06, 2017 | $0.027 | DailyAccrualFund |
Jan 05, 2017 | $0.043 | DailyAccrualFund |
Dec 05, 2016 | $0.027 | DailyAccrualFund |
Nov 04, 2016 | $0.027 | DailyAccrualFund |
Oct 05, 2016 | $0.027 | DailyAccrualFund |
Sep 06, 2016 | $0.027 | DailyAccrualFund |
Aug 05, 2016 | $0.027 | DailyAccrualFund |
Jul 05, 2016 | $0.027 | DailyAccrualFund |
Jun 06, 2016 | $0.026 | DailyAccrualFund |
May 05, 2016 | $0.026 | DailyAccrualFund |
Apr 04, 2016 | $0.026 | DailyAccrualFund |
Mar 04, 2016 | $0.026 | DailyAccrualFund |
Feb 05, 2016 | $0.026 | DailyAccrualFund |
Jan 05, 2016 | $0.030 | DailyAccrualFund |
Dec 04, 2015 | $0.026 | DailyAccrualFund |
Nov 05, 2015 | $0.026 | DailyAccrualFund |
Oct 05, 2015 | $0.028 | DailyAccrualFund |
Sep 04, 2015 | $0.028 | DailyAccrualFund |
Aug 05, 2015 | $0.028 | DailyAccrualFund |
Jul 06, 2015 | $0.028 | DailyAccrualFund |
Jun 05, 2015 | $0.028 | DailyAccrualFund |
May 05, 2015 | $0.028 | DailyAccrualFund |
Apr 06, 2015 | $0.028 | DailyAccrualFund |
Mar 05, 2015 | $0.028 | DailyAccrualFund |
Feb 05, 2015 | $0.028 | DailyAccrualFund |
Jan 05, 2015 | $0.028 | DailyAccrualFund |
Dec 05, 2014 | $0.028 | DailyAccrualFund |
Nov 05, 2014 | $0.028 | DailyAccrualFund |
Oct 06, 2014 | $0.028 | DailyAccrualFund |
Sep 05, 2014 | $0.028 | DailyAccrualFund |
Aug 05, 2014 | $0.028 | DailyAccrualFund |
Jul 07, 2014 | $0.028 | DailyAccrualFund |
Jun 05, 2014 | $0.028 | DailyAccrualFund |
May 05, 2014 | $0.028 | DailyAccrualFund |
Apr 07, 2014 | $0.026 | DailyAccrualFund |
Mar 05, 2014 | $0.024 | DailyAccrualFund |
Feb 05, 2014 | $0.022 | DailyAccrualFund |
Jan 06, 2014 | $0.022 | DailyAccrualFund |
Dec 05, 2013 | $0.018 | DailyAccrualFund |
FRFNX - Fund Manager Analysis
Managers
Adam Brown
Start Date
Tenure
Tenure Rank
Oct 04, 2019
1.91
1.9%
Adam H. Brown, CFA , is a senior portfolio manager on the Macquarie Investment Management Business Trust. He manages the bank loan portfolios and is a co-portfolio manager for the high yield, fixed rate multisector, and core plus strategies. Brown joined Macquarie Investment Management (MIM), which includes the former Delaware Investments, in April 2011 as part of the firm’s integration of Macquarie Four Corners Capital Management, where he had worked since 2002. At Four Corners, he was a co-portfolio manager on four collateralized loan obligations (CLOs) and a senior research analyst supporting noninvestment grade portfolios. Before that, Brown was with the predecessor of Wells Fargo Securities, where he worked in the leveraged finance group arranging senior secured bank loans and high yield bond financings for financial sponsors and corporate issuers. He earned a bachelor’s degree in accounting from the University of Florida and an MBA from the A.B. Freeman School of Business at Tulane University.
John McCarthy
Start Date
Tenure
Tenure Rank
Oct 04, 2019
1.91
1.9%
John P. McCarthy is a senior portfolio manager for Delaware Management Company's high yield strategies, a role he assumed in July 2016. He is also co-head of credit research on the firm’s taxable fixed income team. McCarthy rejoined Delaware Investments in March 2007 as a senior research analyst after he worked in the firm’s fixed income area from 1990 to 2000 as a senior high yield analyst and high yield trader, and from 2001 to 2002 as a municipal bond trader. Prior to rejoining Delaware Investments, he was a senior high yield analyst/trader at Chartwell Investment Partners. McCarthy earned a bachelor’s degree in business administration from Babson College, and he is a member of the CFA Society of Philadelphia.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 21.18 | 6.01 | 3.25 |