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Trending ETFs

Name

As of 03/10/2023

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

$8.81

$215 M

0.00%

$0.00

1.31%

Vitals

YTD Return

-1.6%

1 yr return

-20.4%

3 Yr Avg Return

0.9%

5 Yr Avg Return

-5.4%

Net Assets

$215 M

Holdings in Top 10

9.5%

52 WEEK LOW AND HIGH

$8.9
$8.81
$11.17

Expenses

OPERATING FEES

Expense Ratio 1.31%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 70.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/10/2023

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

$8.81

$215 M

0.00%

$0.00

1.31%

DFBRX - Profile

Distributions

  • YTD Total Return -1.6%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return -4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.52%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Delaware Strategic Allocation Fund
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Jun 02, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stefan Löwenthal

Fund Description

The Fund seeks to achieve its objectives by investing in a combination of underlying securities representing a variety of asset classes and investment styles. In striving to meet its objectives, the Fund will typically target about 60% of its net assets in equity securities and equity equivalent securities (including derivatives and exchange-traded funds (ETFs)) and about 40% of its net assets in fixed income securities and fixed income equivalent securities (including derivatives and ETFs). Allocations for the Fund may vary within the ranges shown in the table below. The Fund may invest 10% to 60% of net assets in foreign securities, inclusive of up to 15% of net assets in emerging market securities. Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), one of the Fund’s sub-advisors, uses a dynamic asset-allocation framework to determine the proportion of the Fund’s assets that will be allocated to the various asset classes, based on the market assessment and portfolio risk contribution for such asset classes. The framework is intended to reduce riskier assets in times of market volatility and provide additional downside protection. Following are the strategic policy weights for the Fund’s net assets, as they may be invested in broad and narrow asset classes, and various investment styles, and the permitted range of variation around those weights.

Equity asset class: 60% policy weight (40-70% range)

•US equity asset class: 30% policy weight (10-40% range) 

•International equity asset class: 22.5% policy weight (10-40% range) 

•Global real estate equity asset class: 0% policy weight (0-15% range)  

•Emerging markets asset class: 7.5% policy weight (0-15% range) 

Fixed income asset class: 40% policy weight (30-60% range)

•Diversified fixed income asset class: 40% policy weight (30-60% range) 

•Diversified fixed income: 38% policy weight (20-50% range)  

•Money market/cash equivalents: 2% policy weight (0-15% range)  

In connection with its dynamic asset-allocation framework, MIMAK will also manage a tactical / completion sleeve and such sleeve will typically vary from 0% to 20% of the Fund’s total assets and primarily hold derivatives and ETFs. If applicable, the derivatives and ETFs within the tactical / completion sleeve will also be counted towards the asset class ranges defined above.

The Fund may use a wide range of derivative instruments, typically including forward foreign currency contracts, options, futures contracts, options on futures contracts, and credit default swaps. The Fund will use derivatives for both hedging and non-hedging purposes; as a substitute for purchasing or selling securities; and to manage the Fund’s portfolio characteristics. For example, the Fund may invest in: futures and options to manage duration and for defensive purposes, such as to protect gains or hedge against potential losses in the portfolio without actually selling a security, or to stay fully invested; forward foreign currency contracts to manage foreign currency exposure; and credit default swaps to hedge against a credit event, to gain exposure to certain securities or markets, or to enhance total return.

As determined by MIMAK from time to time, Macquarie Investment Management Global Limited (MIMGL) is responsible for managing real estate investment trust securities and other equity asset classes to which MIMAK may allocate assets. In addition, MIMAK may seek investment advice and recommendations relating to fixed income securities from the Manager’s affiliates: Macquarie Investment Management Europe Limited (MIMEL) and MIMGL. MIMAK may also permit MIMGL and Macquarie Funds Management Hong Kong Limited (MFMHKL) to execute Fund equity security trades on behalf of MIMAK. MIMAK may also permit MIMEL and MIMGL to exercise investment discretion and perform trading for fixed income securities in certain markets where MIMAK believes it will be beneficial to utilize MIMEL’s or MIMGL’s specialized market knowledge, and MIMAK may also seek quantitative support from MIMGL.

Investment in the Fund does not in any way provide an indication of future performance or a guarantee of positive returns.

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DFBRX - Performance

Return Ranking - Trailing

Period DFBRX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -24.7% 108.5% 46.45%
1 Yr -20.4% -24.4% 116.0% 85.89%
3 Yr 0.9%* -7.8% 25.3% 77.53%
5 Yr -5.4%* -9.9% 22.9% 89.44%
10 Yr -3.1%* -5.4% 8.4% 96.86%

* Annualized

Return Ranking - Calendar

Period DFBRX Return Category Return Low Category Return High Rank in Category (%)
2023 -23.2% -39.0% 92.4% 87.87%
2022 -0.1% -6.1% 39.6% 83.54%
2021 2.5% -21.9% 14.5% 50.59%
2020 1.7% -15.9% 6.3% 93.92%
2019 -2.5% -12.6% 61.5% 61.53%

Total Return Ranking - Trailing

Period DFBRX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -24.7% 108.5% 46.58%
1 Yr -20.4% -24.4% 116.0% 86.35%
3 Yr 0.9%* -7.8% 25.3% 78.21%
5 Yr -4.5%* -9.9% 22.9% 85.26%
10 Yr 0.6%* -5.4% 10.6% 77.66%

* Annualized

Total Return Ranking - Calendar

Period DFBRX Return Category Return Low Category Return High Rank in Category (%)
2023 -23.2% -39.0% 92.4% 87.87%
2022 -0.1% -6.1% 39.6% 83.54%
2021 2.5% -21.9% 14.5% 50.59%
2020 1.7% -11.5% 6.3% 93.92%
2019 -1.6% -12.6% 61.5% 48.24%

NAV & Total Return History


DFBRX - Holdings

Concentration Analysis

DFBRX Category Low Category High DFBRX % Rank
Net Assets 215 M 658 K 207 B 72.99%
Number of Holdings 988 2 15351 14.40%
Net Assets in Top 10 20.4 M -6.38 M 48.5 B 87.79%
Weighting of Top 10 9.54% 8.4% 100.0% 99.32%

Top 10 Holdings

  1. 10 Year Treasury Note Future June 21 3.09%
  2. 10 Year Treasury Note Future June 21 3.09%
  3. 10 Year Treasury Note Future June 21 3.09%
  4. 10 Year Treasury Note Future June 21 3.09%
  5. 10 Year Treasury Note Future June 21 3.09%
  6. 10 Year Treasury Note Future June 21 3.09%
  7. 10 Year Treasury Note Future June 21 3.09%
  8. 10 Year Treasury Note Future June 21 3.09%
  9. 10 Year Treasury Note Future June 21 3.09%
  10. 10 Year Treasury Note Future June 21 3.09%

Asset Allocation

Weighting Return Low Return High DFBRX % Rank
Stocks
63.49% 0.00% 99.40% 24.42%
Bonds
35.11% -82.31% 116.75% 44.22%
Cash
1.01% -16.75% 158.07% 85.99%
Convertible Bonds
0.39% 0.00% 23.84% 69.15%
Preferred Stocks
0.00% 0.00% 27.92% 85.99%
Other
0.00% -6.69% 48.03% 79.95%

Stock Sector Breakdown

Weighting Return Low Return High DFBRX % Rank
Technology
20.33% 0.00% 48.68% 42.27%
Financial Services
14.44% 0.00% 60.22% 51.68%
Healthcare
13.45% 0.00% 39.78% 57.35%
Industrials
11.73% 0.00% 33.21% 26.68%
Consumer Cyclical
9.87% 0.00% 20.19% 48.20%
Communication Services
8.37% 0.00% 100.00% 24.48%
Consumer Defense
7.14% 0.00% 22.62% 39.05%
Basic Materials
4.98% 0.00% 33.35% 22.81%
Energy
4.66% 0.00% 85.65% 52.96%
Real Estate
2.84% 0.00% 65.01% 62.50%
Utilities
2.20% 0.00% 99.55% 78.87%

Stock Geographic Breakdown

Weighting Return Low Return High DFBRX % Rank
US
34.20% -1.65% 98.67% 86.76%
Non US
29.29% -0.44% 56.67% 1.93%

Bond Sector Breakdown

Weighting Return Low Return High DFBRX % Rank
Securitized
37.65% 0.00% 92.13% 5.53%
Corporate
27.27% 0.00% 98.21% 62.85%
Government
19.30% 0.00% 97.26% 66.84%
Derivative
13.58% 0.00% 31.93% 3.34%
Cash & Equivalents
1.44% 0.14% 100.00% 98.07%
Municipal
0.76% 0.00% 25.26% 23.52%

Bond Geographic Breakdown

Weighting Return Low Return High DFBRX % Rank
US
28.22% -82.31% 80.50% 57.58%
Non US
6.89% 0.00% 84.73% 20.05%

DFBRX - Expenses

Operational Fees

DFBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.31% 0.06% 7.62% 25.95%
Management Fee 0.65% 0.00% 1.83% 79.37%
12b-1 Fee 0.50% 0.00% 1.00% 65.57%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

DFBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DFBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

DFBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.00% 0.00% 343.00% 75.18%

DFBRX - Distributions

Dividend Yield Analysis

DFBRX Category Low Category High DFBRX % Rank
Dividend Yield 0.00% 0.00% 11.31% 27.34%

Dividend Distribution Analysis

DFBRX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

DFBRX Category Low Category High DFBRX % Rank
Net Income Ratio 0.52% -2.34% 19.41% 80.35%

Capital Gain Distribution Analysis

DFBRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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DFBRX - Fund Manager Analysis

Managers

Stefan Löwenthal


Start Date

Tenure

Tenure Rank

Jan 25, 2019

3.35

3.4%

Stefan Löwenthal is the chief investment officer for Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), a role he assumed in February 2013. He heads the global multi asset team based in Vienna, which is responsible for all asset allocation and security selection decisions, the management of mutual funds, as well as the development of new investment strategies. In addition, Löwenthal oversees the investment policy committee, which is responsible for strategic investment decisions at MIMAK. He began his career with Macquarie in February 2008 as a portfolio manager. He holds a Master of Management Science from Vienna University of Economics and Business. Löwenthal is a lecturer for economics at the IMC University of applied sciences in Krems (Austria) and the Qiongzhou University in Sanya (China).

Jurgen Wurzer


Start Date

Tenure

Tenure Rank

Jan 25, 2019

3.35

3.4%

Jürgen Wurzer rejoined Macquarie Investment Management Austria Kapitalanlage AG (MIMAK) in April 2018 as deputy head of portfolio management for the firm’s global multi asset team based in Vienna. Prior to that, he worked at Erste Asset Management as a senior fund manager on the multi asset management team, where he worked from September 2016 to March 2018. Wurzer previously worked at MIMAK from January 2007 to August 2016, leaving the firm as senior investment manager on the global multi asset team. He graduated from University of Applied Sciences Wiener Neustadt with a master’s degree. Wurzer is a lecturer for asset allocation, quantitative finance, portfolio, and risk management at several educational institutions.

Aaron Young


Start Date

Tenure

Tenure Rank

May 20, 2022

0.03

0.0%

Mr. Young is Vice President of IICO and WRIMCO and Vice President of the Trust. He joined IICO in 2005 as a fixed-income analyst with an emphasis in credit research and derivative securities. Mr. Young joined the Asset Strategy team as an investment analyst in 2007. He has served as an assistant portfolio manager of investment companies managed by IICO and WRIMCO since 2012. Mr. Young earned a BA in Philosophy from the University of Missouri and holds an MBA with an emphasis in Finance and Strategy from the Olin School of Business at Washington University

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 34.51 6.26 2.41