Delaware Ivy Securian Real Estt Secs B
Name
As of 12/10/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
32.4%
3 Yr Avg Return
11.9%
5 Yr Avg Return
9.0%
Net Assets
$375 M
Holdings in Top 10
43.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.49%
SALES FEES
Front Load N/A
Deferred Load 5.00%
TRADING FEES
Turnover 76.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$750
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
IRSBX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 11.1%
- 5 Yr Annualized Total Return 8.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.21%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Semi-Annually
Fund Details
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Legal NameDelaware Ivy Securian Real Estate Securities Fund
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Fund Family NameDelaware Funds by Macquarie
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Inception DateDec 08, 2003
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Shares OutstandingN/A
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Share ClassB
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CurrencyUSD
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Domiciled CountryUnited States
Fund Description
The Fund seeks to achieve its objective to provide total return through capital appreciation and current income by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in the securities of companies in the real estate or real estate-related industries (80% policy). The 80% policy is nonfundamental and may be changed without shareholder approval, but the Fund will provide shareholders with at least 60 days' notice before changing this 80% policy. The Fund does not invest directly in real estate. The Fund may invest in securities of issuers of any size, including issuers with small, mid or large market capitalizations, although the Fund generally tends to focus on mid- and large-capitalization issuers.
“Real estate” securities include securities offered by issuers that receive at least 50% of their gross revenue from the construction, ownership, leasing, management, financing or sale of residential, commercial or industrial real estate. Real estate securities issuers typically include REITs, REOCs, real estate brokers and developers, real estate managers, hotel franchisers, real estate holding companies and publicly-traded limited partnerships.
“Real estate-related” securities include securities issued by companies primarily engaged in businesses that sell or offer products or services that are closely related to the real estate industry. Real estate-related securities issuers typically include construction and related building companies, manufacturers and distributors of building supplies, brokers, financial institutions that issue or service mortgages and resort companies.
The Fund’s investment strategy utilizes a three-step bottom-up approach (researching individual issuers) with a strong focus on quality, risk and a valuation-based stock selection methodology, supported by a top-down (assessing the market environment) overlay as a check and a balance. The Macquarie Global Listed Real Estate Team (the “Team”) seeks to identify and capitalize on investment opportunities through an integrated approach to individual security-level analysis and long-term trends impacting real estate markets and cycles. The Team applies combined research sources in a disciplined and systematic manner, taking account of mis-pricing opportunities, long term value creation and the level of risk these assets bring to the Fund in both absolute and relative terms. The Team looks to manage risk by allocating capital where it believes it will have the most potential to drive returns which is ultimately in bottom-up stock and sector selection (as further described below) over and above top-down country and regional selection, where the Team feels performance is far harder to derive consistently.
Most of the Fund’s real estate securities portfolio consists of securities issued by REITs and REOCs that are listed on a securities exchange or traded over-the-counter. A REIT is a corporation (or trust or association that otherwise would be taxable as such) that invests in real estate, mortgages on real estate or shares issued by other REITs. REITs may be characterized as equity REITs (that is, REITs that primarily invest in land and improvements thereon), mortgage REITs (that is, REITs that primarily invest in mortgages on real estate and other real estate debt) or hybrid REITs, which invest in both land and improvements thereon and real estate mortgages. The Fund primarily invests in shares of equity REITs but also invests lesser portions of its assets in shares of mortgage REITs and hybrid REITs.
The Fund may invest up to 25% of its total assets in foreign securities and may invest up to 20% of its net assets in securities issued by companies outside of the real estate industry.
The Fund also may invest in an ETF to replicate a REIT or real estate stock index or a basket of REITs or real estate stocks, as well as in an ETF that attempts to provide enhanced performance, or inverse performance, on such indexes or baskets. The Fund may invest in companies that are offered in IPOs.
An investment in the Fund may encounter the risk of greater volatility, due to the limited number of issuers of real estate and real estate-related securities, than an investment in a portfolio of securities selected from a greater number of issuers.
IRSBX - Performance
Return Ranking - Trailing
Period | IRSBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -46.4% | 89.8% | 36.04% |
1 Yr | 32.4% | -43.9% | 97.7% | 1.05% |
3 Yr | 11.9%* | -20.6% | 29.9% | 1.15% |
5 Yr | 9.0%* | -13.7% | 14.9% | 2.16% |
10 Yr | 9.3%* | -9.3% | 11.5% | 3.29% |
* Annualized
Return Ranking - Calendar
Period | IRSBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 33.4% | -86.3% | 54.6% | 44.84% |
2022 | -5.3% | -21.3% | 31.3% | 64.12% |
2021 | 12.4% | -0.3% | 41.4% | 3.95% |
2020 | -12.2% | -26.4% | 1.0% | 98.31% |
2019 | -7.3% | -7.3% | 7.8% | 100.00% |
Total Return Ranking - Trailing
Period | IRSBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -46.4% | 89.8% | 34.42% |
1 Yr | 27.4% | -43.9% | 97.7% | 2.07% |
3 Yr | 11.1%* | -20.6% | 29.9% | 1.89% |
5 Yr | 8.7%* | -15.3% | 18.2% | 2.55% |
10 Yr | 9.3%* | -9.3% | 14.8% | 5.19% |
* Annualized
Total Return Ranking - Calendar
Period | IRSBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 33.4% | -86.3% | 54.6% | 44.84% |
2022 | -5.3% | -21.3% | 31.3% | 64.12% |
2021 | 12.4% | -0.3% | 41.4% | 3.95% |
2020 | -6.6% | -26.4% | 1.0% | 95.36% |
2019 | 4.3% | -2.9% | 8.2% | 4.63% |
NAV & Total Return History
IRSBX - Holdings
Concentration Analysis
IRSBX | Category Low | Category High | IRSBX % Rank | |
---|---|---|---|---|
Net Assets | 375 M | 1.28 M | 78.4 B | 49.81% |
Number of Holdings | 45 | 3 | 642 | 42.57% |
Net Assets in Top 10 | 157 M | 4.22 K | 35.2 B | 55.45% |
Weighting of Top 10 | 43.59% | 15.9% | 99.8% | 77.03% |
Top 10 Holdings
- Prologis Inc 8.11%
- Equinix Inc 5.90%
- Public Storage 5.09%
- AvalonBay Communities Inc 3.87%
- Digital Realty Trust Inc 3.82%
- Invitation Homes Inc 3.73%
- Alexandria Real Estate Equities Inc 3.73%
- Welltower Inc 3.45%
- UDR Inc 3.38%
- American Tower Corp 3.30%
Asset Allocation
Weighting | Return Low | Return High | IRSBX % Rank | |
---|---|---|---|---|
Stocks | 97.93% | 0.00% | 106.94% | 69.97% |
Cash | 2.07% | -98.06% | 49.73% | 24.75% |
Preferred Stocks | 0.00% | -0.12% | 33.96% | 15.18% |
Other | 0.00% | -1.70% | 94.17% | 24.09% |
Convertible Bonds | 0.00% | 0.00% | 10.95% | 6.93% |
Bonds | 0.00% | -3.17% | 97.45% | 14.52% |
Stock Sector Breakdown
Weighting | Return Low | Return High | IRSBX % Rank | |
---|---|---|---|---|
Real Estate | 100.00% | 34.46% | 100.00% | 0.35% |
Utilities | 0.00% | 0.00% | 9.09% | 2.80% |
Technology | 0.00% | 0.00% | 12.02% | 22.38% |
Industrials | 0.00% | 0.00% | 7.39% | 8.39% |
Healthcare | 0.00% | 0.00% | 0.53% | 3.50% |
Financial Services | 0.00% | 0.00% | 37.05% | 13.64% |
Energy | 0.00% | 0.00% | 33.11% | 3.50% |
Communication Services | 0.00% | 0.00% | 11.61% | 12.24% |
Consumer Defense | 0.00% | 0.00% | 1.53% | 1.40% |
Consumer Cyclical | 0.00% | 0.00% | 45.29% | 40.91% |
Basic Materials | 0.00% | 0.00% | 13.69% | 6.64% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | IRSBX % Rank | |
---|---|---|---|---|
US | 97.93% | 0.00% | 101.17% | 52.48% |
Non US | 0.00% | 0.00% | 44.90% | 45.21% |
IRSBX - Expenses
Operational Fees
IRSBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.49% | 0.07% | 4.72% | 3.97% |
Management Fee | 0.90% | 0.00% | 1.50% | 79.26% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 79.72% |
Administrative Fee | N/A | 0.01% | 0.45% | 4.73% |
Sales Fees
IRSBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | 5.00% | 1.00% | 5.00% | 2.63% |
Trading Fees
IRSBX 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.
IRSBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 76.00% | 0.11% | 380.00% | 73.80% |
IRSBX - Distributions
Dividend Yield Analysis
IRSBX | Category Low | Category High | IRSBX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 27.83% | 82.12% |
Dividend Distribution Analysis
IRSBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Semi-Annually | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
IRSBX | Category Low | Category High | IRSBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.21% | -1.14% | 6.05% | 85.57% |
Capital Gain Distribution Analysis
IRSBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 11, 2020 | $0.009 | OrdinaryDividend |
Dec 12, 2019 | $1.990 | OrdinaryDividend |
Jun 13, 2019 | $0.032 | OrdinaryDividend |
Jun 14, 2018 | $0.014 | OrdinaryDividend |
Jun 16, 2016 | $0.074 | OrdinaryDividend |
Mar 11, 2010 | $0.005 | OrdinaryDividend |
Dec 10, 2009 | $0.003 | OrdinaryDividend |
Jun 11, 2009 | $0.002 | OrdinaryDividend |
Mar 12, 2009 | $0.052 | OrdinaryDividend |
Jun 12, 2008 | $0.012 | OrdinaryDividend |
Mar 13, 2008 | $0.012 | OrdinaryDividend |
Dec 16, 2004 | $0.082 | OrdinaryDividend |
Dec 18, 2003 | $0.165 | OrdinaryDividend |