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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

$4.74

$127 M

3.40%

$0.16

0.68%

Vitals

YTD Return

-1.2%

1 yr return

0.0%

3 Yr Avg Return

-3.4%

5 Yr Avg Return

-0.9%

Net Assets

$127 M

Holdings in Top 10

45.0%

52 WEEK LOW AND HIGH

$4.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.68%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.00%

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

$4.74

$127 M

3.40%

$0.16

0.68%

IGJIX - Profile

Distributions

  • YTD Total Return -1.2%
  • 3 Yr Annualized Total Return -3.4%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.84%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Delaware Ivy Government Securities Fund
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Oct 13, 2017
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Eric Frei

Fund Description

Delaware Ivy Government Securities Fund seeks to achieve its objective by investing at least 80% of its net assets, plus any borrowings for investment purposes, in US government securities (80% policy). US government securities include: US Treasury (Treasury) obligations, such as bills, bonds and notes; obligations issued or guaranteed as to principal and interest by the Treasury, and certain US government agencies or instrumentalities, such as Government National Mortgage Association (Ginnie Mae); obligations of issuers that are supported by the ability of the issuer to borrow from the US Treasury; and obligations of US government-sponsored entities that are neither issued nor guaranteed by the US government, such as the Federal Home Loan Mortgage Corporation (Freddie Mac) and Federal National Mortgage Association (Fannie Mae). The Fund will use derivatives for both hedging and nonhedging purposes. 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; interest rate swaps to neutralize the impact of interest rate changes; credit default swaps to hedge against a credit event, to gain exposure to certain securities or markets, or to enhance total return; and index swaps to enhance return or to effect diversification. The Fund will not use derivatives for reasons inconsistent with its investment objective. The Fund may invest in mortgage-backed securities issued by US government-sponsored entities or agencies or instrumentalities of US government agencies. The Fund has no limitations on the range of maturities of the debt securities in which it may invest.

The Manager may look at a number of factors in selecting securities for the Fund’s portfolio. These include utilizing economic research and analyzing interest rate trends to determine which types of securities to emphasize at a given time. The Manager attempts to enhance Fund performance by utilizing opportunities presented by the shape and slope of the yield curve.

Generally, in determining whether to sell a security, the Manager uses the same type of analysis that it uses when buying securities to determine whether the security continues to be a desired investment for the Fund. 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.

The Manager may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), Macquarie Investment Management Europe Limited (MIMEL), and Macquarie Investment Management Global Limited (MIMGL) (together, the “Affiliated Sub-Advisors”). The Manager may also permit these Affiliated Sub-Advisors to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where the Manager believes it will be beneficial to utilize an Affiliated Sub-Advisor’s specialized market knowledge.

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IGJIX - Performance

Return Ranking - Trailing

Period IGJIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.2% -2.1% 9.6% 84.14%
1 Yr 0.0% -2.8% 36.8% 75.33%
3 Yr -3.4%* -7.8% 11.7% 71.24%
5 Yr -0.9%* -5.4% 3.4% 79.44%
10 Yr N/A* -1.9% 3.4% 87.83%

* Annualized

Return Ranking - Calendar

Period IGJIX Return Category Return Low Category Return High Rank in Category (%)
2023 0.6% -1.0% 22.1% 70.61%
2022 -13.6% -20.4% -5.8% 58.59%
2021 -3.0% -7.1% 16.6% 46.85%
2020 3.8% -1.3% 8.8% 47.91%
2019 3.8% 0.3% 7.1% 27.36%

Total Return Ranking - Trailing

Period IGJIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.2% -2.1% 9.6% 84.14%
1 Yr 0.0% -2.8% 36.8% 75.33%
3 Yr -3.4%* -7.8% 11.7% 71.24%
5 Yr -0.9%* -5.4% 3.4% 79.44%
10 Yr N/A* -1.9% 3.4% 82.58%

* Annualized

Total Return Ranking - Calendar

Period IGJIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% -0.5% 28.8% 67.11%
2022 -12.2% -18.5% -3.3% 61.67%
2021 -1.6% -4.5% 25.3% 49.55%
2020 5.4% -1.3% 13.0% 64.19%
2019 5.9% 1.8% 11.3% 51.89%

NAV & Total Return History


IGJIX - Holdings

Concentration Analysis

IGJIX Category Low Category High IGJIX % Rank
Net Assets 127 M 9.79 M 113 B 85.53%
Number of Holdings 84 18 12861 93.86%
Net Assets in Top 10 63.7 M 5.49 M 43.7 B 84.65%
Weighting of Top 10 45.02% 6.3% 115.2% 21.49%

Top 10 Holdings

  1. United States Treasury Note/Bond 8.04%
  2. United States Treasury Note/Bond 6.63%
  3. United States Treasury Note/Bond 6.62%
  4. United States Treasury Note/Bond 5.28%
  5. Freddie Mac Multifamily Structured Pass Through Certificates 3.72%
  6. Fannie Mae-Aces 3.55%
  7. Freddie Mac Pool 3.03%
  8. United States Treasury Note/Bond 2.97%
  9. United States Treasury Note/Bond 2.76%
  10. Fannie Mae Pool 2.43%

Asset Allocation

Weighting Return Low Return High IGJIX % Rank
Bonds
99.56% 0.08% 167.02% 51.32%
Other
0.24% -26.81% 18.17% 55.70%
Cash
0.20% -29.69% 22.63% 85.96%
Stocks
0.00% 0.00% 96.75% 56.58%
Preferred Stocks
0.00% 0.00% 0.10% 54.82%
Convertible Bonds
0.00% 0.00% 3.29% 55.26%

Bond Sector Breakdown

Weighting Return Low Return High IGJIX % Rank
Government
63.68% 0.00% 100.00% 17.54%
Securitized
31.53% 0.00% 99.79% 74.56%
Derivative
0.24% -20.68% 6.72% 23.68%
Cash & Equivalents
0.15% -29.63% 33.75% 78.51%
Corporate
0.00% 0.00% 9.48% 68.42%
Municipal
0.00% 0.00% 5.24% 62.28%

Bond Geographic Breakdown

Weighting Return Low Return High IGJIX % Rank
US
99.56% 0.08% 167.02% 51.32%
Non US
0.00% 0.00% 12.01% 56.14%

IGJIX - Expenses

Operational Fees

IGJIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.03% 3.55% 49.78%
Management Fee 0.50% 0.00% 0.85% 85.09%
12b-1 Fee N/A 0.00% 1.00% 6.56%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

IGJIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

IGJIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

IGJIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 3.35% 948.00% 18.75%

IGJIX - Distributions

Dividend Yield Analysis

IGJIX Category Low Category High IGJIX % Rank
Dividend Yield 3.40% 0.00% 4.67% 57.46%

Dividend Distribution Analysis

IGJIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

IGJIX Category Low Category High IGJIX % Rank
Net Income Ratio 0.84% -0.80% 2.96% 43.61%

Capital Gain Distribution Analysis

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

Distributions History

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IGJIX - Fund Manager Analysis

Managers

Eric Frei


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

Eric Frei, CMT Vice President, Sovereign Trader, Portfolio Manager. Eric Frei joined Macquarie Investment Management (MIM) in April 2011 as part of the firm’s integration of Macquarie Allegiance Capital. He is responsible for portfolio management and asset allocation of the firm’s low-duration product. In addition, Frei manages sector rotation and security selection between Treasurys and agencies. He began his career in the financial services industry in 1997 as a mutual fund trader with CNA Trust, later joining Macquarie Allegiance in 1999. He earned a bachelor’s degree in management science from the University of California at San Diego.

Brian Scotto


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

Brian M. Scotto is a Vice President and Government and Agency Trader and is a member of the fixed income trading team responsible for trading government and agency securities, as well as interest rate futures and options. He joined Macquarie Investment Management, which includes the former Delaware Investments, in 2002, and prior to moving to the fixed income department, he was vice president and product manager for the firm’s value, international, and core mutual funds. Mr. Scotto received his bachelor’s degree in accounting and an M.B.A. with a concentration in finance from La Salle University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.39 7.35