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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$19.38

$758 M

3.21%

$0.62

1.08%

Vitals

YTD Return

5.0%

1 yr return

13.0%

3 Yr Avg Return

-7.5%

5 Yr Avg Return

4.0%

Net Assets

$758 M

Holdings in Top 10

37.1%

52 WEEK LOW AND HIGH

$19.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.08%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 38.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$19.38

$758 M

3.21%

$0.62

1.08%

IPOIX - Profile

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return -7.5%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.93%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Delaware Ivy Systematic Emerging Markets Equity Fund
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Apr 04, 2007
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Benjamin Leung

Fund Description

Delaware Ivy Systematic Emerging Markets Equity Fund invests, under normal circumstances, at least 80% of its net assets in equity securities, primarily common stock, of companies (i) from countries considered to be emerging market countries or (ii) that are economically linked to emerging market countries. Emerging market countries include, but are not limited to, those considered to be developing by the International Monetary Fund, the World Bank, the International Finance Corporation or one of the leading global investment banks. Delaware Management Company (Manager), the Fund’s investment manager, has broad discretion to identify other countries that it considers to qualify as emerging market countries. The majority of these countries are likely to be located in Asia, Latin America, the Middle East, Central and Eastern Europe, and Africa. The Fund may invest in companies of any size and market capitalization and in companies in any industry. The issuer of a security or other investment generally is deemed to be economically linked to a particular country if: (a) the security or other investment is issued or guaranteed by the government of that country or any of its agencies, authorities or instrumentalities; (b) the issuer is organized under the laws of, and maintains a principal office in, that country; (c) the issuer has its principal securities trading market in that country; (d) the issuer derives 50% or more of its total revenues from goods sold or services performed in that country; (e) the issuer has 50% or more of its assets in that country; or (f) the issuer is included in an index which is representative of that country.

The Fund may invest up to 100% of its total assets in foreign securities and may invest in depositary receipts of foreign issuers. The Fund also may invest up to 20% of its net assets in companies that are not located in, or economically linked to, emerging market countries: (1) if the Fund’s portfolio managers believe that the performance of a company or its industry will be influenced by opportunities in the emerging markets; (2) to maintain exposure to industry segments where the portfolio managers believe there are not satisfactory investment opportunities in emerging market countries; and/or (3) if the portfolio managers believe there is the potential for benefit to the Fund.

The Fund may invest in “A-Shares” of certain Chinese companies through various “connect programs” with local stock exchanges in China.

For the purposes of this section, a reference to the Manager may also include Macquarie Investment Management Global Limited (MIMGL), an affiliate of the Manager, with respect to its role as sub-advisor of the Fund.

Using a systematic bottom-up approach, the Fund seeks to select securities that have (1) solid earnings appreciation with trending price action, (2) demonstrated business quality, as seen through superior profitability, balance sheet strength, earnings stability, and corporate sustainability, and (3) reasonable company valuations relative to their current growth prospects, and their peer group. All of these factors give insight into the outlook for a company, and identify companies poised for sustainable growth. Sustainable growth, if it occurs, may result in price appreciation for the company’s stock. The Manager may sell a security if it no longer believes that the security is likely to contribute to meeting the investment objective of the Fund or if there are other opportunities that appear more attractive.

In determining whether to sell a security, the Manager generally considers whether the security has failed to meet its growth expectations, whether its valuation has exceeded its target, whether there has been a change in political regime, or whether it has lost confidence in management. The Manager also may sell a security to reduce the Fund’s holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash.

In addition, the Manager may permit MIMGL to execute Fund security trades on behalf of the Manager. The Manager may also seek quantitative support from MIMGL.

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IPOIX - Performance

Return Ranking - Trailing

Period IPOIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -6.1% 14.4% 20.75%
1 Yr 13.0% -6.1% 41.9% 37.60%
3 Yr -7.5%* -22.7% 9.1% 67.86%
5 Yr 4.0%* -7.2% 11.5% 32.28%
10 Yr 4.8%* -2.3% 6.8% 13.81%

* Annualized

Return Ranking - Calendar

Period IPOIX Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% -6.5% 35.5% 60.05%
2022 -36.2% -50.1% -2.4% 94.44%
2021 -5.2% -33.1% 22.5% 49.78%
2020 34.1% -22.1% 80.1% 9.98%
2019 22.4% -0.7% 42.0% 26.48%

Total Return Ranking - Trailing

Period IPOIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -6.1% 14.4% 20.75%
1 Yr 13.0% -6.1% 41.9% 37.60%
3 Yr -7.5%* -22.7% 9.1% 67.86%
5 Yr 4.0%* -7.2% 11.5% 32.28%
10 Yr 4.8%* -2.3% 6.8% 13.81%

* Annualized

Total Return Ranking - Calendar

Period IPOIX Return Category Return Low Category Return High Rank in Category (%)
2023 11.1% -2.7% 42.0% 49.12%
2022 -27.0% -42.2% 1.9% 79.69%
2021 -4.4% -32.5% 33.1% 70.93%
2020 35.6% -20.0% 81.6% 8.91%
2019 23.8% 2.3% 42.0% 29.82%

NAV & Total Return History


IPOIX - Holdings

Concentration Analysis

IPOIX Category Low Category High IPOIX % Rank
Net Assets 758 M 653 K 96.1 B 40.80%
Number of Holdings 121 10 6829 40.00%
Net Assets in Top 10 290 M 299 K 17.9 B 36.93%
Weighting of Top 10 37.06% 2.9% 122.2% 34.58%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 7.81%
  2. Samsung Electronics Co Ltd 6.66%
  3. Tencent Holdings Ltd 4.20%
  4. ICICI Bank Ltd 3.43%
  5. Kia Corp 2.97%
  6. NetEase Inc 2.62%
  7. Bajaj Auto Ltd 2.43%
  8. Infosys Ltd 2.37%
  9. Bank Rakyat Indonesia Persero Tbk PT 2.30%
  10. Tata Consultancy Services Ltd 2.28%

Asset Allocation

Weighting Return Low Return High IPOIX % Rank
Stocks
99.13% 0.00% 103.65% 17.87%
Preferred Stocks
1.01% 0.00% 10.17% 43.60%
Other
0.00% -1.64% 50.31% 41.47%
Convertible Bonds
0.00% 0.00% 7.40% 19.60%
Cash
0.00% -2.03% 20.51% 95.73%
Bonds
0.00% 0.00% 94.30% 30.27%

Stock Sector Breakdown

Weighting Return Low Return High IPOIX % Rank
Technology
22.62% 0.00% 47.50% 45.61%
Consumer Cyclical
17.37% 0.00% 48.94% 13.77%
Communication Services
16.51% 0.00% 39.29% 2.56%
Financial Services
15.60% 0.00% 48.86% 83.40%
Consumer Defense
7.01% 0.00% 25.90% 34.28%
Energy
6.40% 0.00% 24.80% 18.89%
Industrials
6.20% 0.00% 43.53% 46.15%
Basic Materials
3.37% 0.00% 30.03% 83.27%
Real Estate
2.88% 0.00% 17.15% 20.92%
Healthcare
2.04% 0.00% 16.53% 77.60%
Utilities
0.00% 0.00% 39.12% 75.98%

Stock Geographic Breakdown

Weighting Return Low Return High IPOIX % Rank
Non US
96.63% 0.00% 100.18% 7.87%
US
2.49% 0.00% 101.58% 86.13%

IPOIX - Expenses

Operational Fees

IPOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.03% 24.48% 70.28%
Management Fee 0.92% 0.00% 2.00% 57.01%
12b-1 Fee N/A 0.00% 1.00% 5.23%
Administrative Fee N/A 0.01% 0.85% 2.05%

Sales Fees

IPOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IPOIX 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.

IPOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.00% 0.00% 189.00% 41.34%

IPOIX - Distributions

Dividend Yield Analysis

IPOIX Category Low Category High IPOIX % Rank
Dividend Yield 3.21% 0.00% 9.88% 18.13%

Dividend Distribution Analysis

IPOIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

IPOIX Category Low Category High IPOIX % Rank
Net Income Ratio 0.93% -1.98% 17.62% 43.15%

Capital Gain Distribution Analysis

IPOIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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IPOIX - Fund Manager Analysis

Managers

Benjamin Leung


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

Benjamin Leung, CFA Managing Director, Co-Head of Systematic Investments, Head of Research Benjamin Leung is the co-head of the Macquarie Systematic Investments (MSI) team, a role he assumed in August 2014. In addition to the day-to-day management of the global portfolios, he is also the head of research, responsible for driving the continual evolution of the systematic investment process. Leung joined the MSI team in May 2005 as a quantitative analyst, where his responsibilities included the development and maintenance of various quantitative models. Following his successful efforts to expand the quantitative capability to international markets, he formed the foundation of the current systematic investment approach. Prior to joining the MSI team, he worked as a software engineer for Macquarie’s Investment Banking Group Information Services Division in Sydney. Leung received a Bachelor of Engineering with Honours and a Masters in Commerce from the University of New South Wales.

Scot Thompson


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

Scot Thompson Managing Director, Co-Head of Systematic Investments, Portfolio Manager Scot Thompson is the co-head of the Macquarie Systematic Investments (MSI) team, a role he assumed in August 2014. His responsibilities include the day-to-day management of the global portfolios, oversight of the trading function, development of new strategies, and client engagement. From June 2003 to August 2014, Thompson was the equities head of product, responsible for product design, development, and client relationships for the firm’s Australian and global equities product range. Before that, he was a member of the firm’s private equity fund-of-fund and performance analytics teams. Prior to joining Macquarie in November 2001 as a quantitative performance analyst, he worked on the performance analytics team for Cogent Investment Administration, where he was responsible for investment performance and attribution reporting for a variety of clients over all asset classes. Thompson also work in civil engineering before moving to finance, working for several Australian companies as a project manager focusing on underground installations, quarrying, and mining. He received a Bachelor of Civil Engineering from the University of Sydney and a Master of Applied Finance from Macquarie University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.53 13.42