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Trending ETFs

Name

As of 03/25/2024

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

$20.90

$1.29 B

2.15%

$0.45

1.51%

Vitals

YTD Return

5.5%

1 yr return

17.9%

3 Yr Avg Return

3.3%

5 Yr Avg Return

6.2%

Net Assets

$1.29 B

Holdings in Top 10

26.2%

52 WEEK LOW AND HIGH

$20.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 71.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/25/2024

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

$20.90

$1.29 B

2.15%

$0.45

1.51%

IYITX - Profile

Distributions

  • YTD Total Return 5.5%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.58%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Delaware Ivy International Core Equity Fund
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Dec 19, 2012
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Charles John

Fund Description

Delaware Ivy International Core Equity Fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities. The Fund will invest primarily in common stocks of non-U.S. companies, which may include companies located or operating in developed or emerging markets. The Fund’s investment in emerging market companies will not exceed the greater of (a) 35% of the Fund’s net assets or (b) the weight of emerging markets in the Fund’s benchmark index, the MSCI ACWI ex USA Index. The Fund also may invest in depositary receipts of foreign issuers.

Delaware Management Company (Manager), the Fund’s investment manager, believes that there are often dislocations and valuation discrepancies in the international financial markets and, therefore, it seeks to find and invest in what it believes are mispriced countries, sectors, currencies, and, ultimately, stocks with attractive valuations relative to their potential and to their global peer group. The Manager uses a disciplined approach while looking for investment opportunities around the world, preferring companies that it believes to have strong and growing competitive positions and reasonable valuations.

The Manager begins its investment process through bottom-up fundamental analysis with a global perspective which is built by constantly assessing developments in the global landscape, business and product cycles, relative valuations and an awareness of politics around the world. The Manager follows a bottom-up approach to its stock selection and evaluates individual companies based on various factors, including: free cash flow, sales growth, financial leverage, and return on invested capital along with various valuation metrics. The Manager uses various data and screening services as part of its stock-selection process, primarily to assess return on invested capital and relative valuation.

Although the Fund primarily invests in securities issued by large-capitalization companies (typically, companies with capitalizations of at least $10 billion at the time of acquisition), it may invest in securities issued by companies of any size. The Fund may invest up to 100% of its total assets in foreign securities. In an effort to manage foreign currency exposure, the Fund may use forward contracts to either increase or decrease exposure to a given currency.

Generally, in determining whether to sell a security, the Manager uses the same type of analysis that it uses in buying securities of that type. For example, the Manager may sell a security if it believes the security no longer offers significant return potential, if there exists political or economic instability in the issuer’s country, if it believes the security is showing signs of deteriorating fundamentals, if there is weak cash flow to support shareholder returns, and/or if there is a change in the Manager’s macroeconomic perspective. 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 permit its affiliate, Macquarie Investment Management Global Limited (MIMGL), to execute Fund security trades on behalf of the Manager. The Manager may also seek quantitative support from MIMGL.

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IYITX - Performance

Return Ranking - Trailing

Period IYITX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -1.4% 32.0% 38.27%
1 Yr 17.9% 0.7% 28.0% 37.70%
3 Yr 3.3%* -13.5% 48.7% 36.34%
5 Yr 6.2%* -33.8% 76.8% 64.31%
10 Yr 4.1%* -0.1% 16.8% 67.77%

* Annualized

Return Ranking - Calendar

Period IYITX Return Category Return Low Category Return High Rank in Category (%)
2023 13.8% -7.3% 22.0% 41.74%
2022 -16.1% -43.6% 71.3% 21.59%
2021 11.2% -28.5% 18.9% 4.75%
2020 6.0% -90.1% 992.1% 69.97%
2019 15.6% -2.2% 38.8% 86.69%

Total Return Ranking - Trailing

Period IYITX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -1.4% 32.0% 38.27%
1 Yr 17.9% 0.7% 28.0% 37.70%
3 Yr 3.3%* -13.5% 48.7% 36.34%
5 Yr 6.2%* -33.8% 76.8% 64.31%
10 Yr 4.1%* -0.1% 16.8% 67.77%

* Annualized

Total Return Ranking - Calendar

Period IYITX Return Category Return Low Category Return High Rank in Category (%)
2023 16.4% 3.2% 41.4% 48.53%
2022 -15.6% -43.6% 144.8% 49.63%
2021 13.6% -22.6% 56.0% 11.03%
2020 6.7% -89.7% 1010.8% 83.33%
2019 18.1% 4.3% 38.8% 91.35%

NAV & Total Return History


IYITX - Holdings

Concentration Analysis

IYITX Category Low Category High IYITX % Rank
Net Assets 1.29 B 1.97 M 366 B 34.83%
Number of Holdings 63 1 10801 73.91%
Net Assets in Top 10 347 M 0 36.8 B 34.26%
Weighting of Top 10 26.24% 2.5% 111.6% 41.32%

Top 10 Holdings

  1. MercadoLibre Inc 3.00%
  2. Dollarama Inc 2.97%
  3. Banco do Brasil SA 2.88%
  4. Airbus SE 2.64%
  5. Deutsche Telekom AG 2.63%
  6. Mitsubishi UFJ Financial Group Inc 2.50%
  7. Taiwan Semiconductor Manufacturing Co Ltd 2.46%
  8. Thales SA 2.41%
  9. Samsung Electronics Co Ltd 2.39%
  10. Renesas Electronics Corp 2.36%

Asset Allocation

Weighting Return Low Return High IYITX % Rank
Stocks
95.39% 0.00% 122.60% 80.32%
Preferred Stocks
2.37% -0.01% 7.60% 6.27%
Cash
2.24% -22.43% 100.00% 39.65%
Other
0.00% -2.97% 43.01% 70.41%
Convertible Bonds
0.00% 0.00% 4.18% 61.99%
Bonds
0.00% -0.68% 71.30% 65.60%

Stock Sector Breakdown

Weighting Return Low Return High IYITX % Rank
Consumer Cyclical
17.34% 0.00% 36.36% 5.97%
Financial Services
16.87% 0.00% 47.75% 63.28%
Industrials
16.77% 5.17% 99.49% 23.73%
Technology
11.28% 0.00% 36.32% 55.82%
Healthcare
11.08% 0.00% 21.01% 61.94%
Energy
10.77% 0.00% 16.89% 2.24%
Consumer Defense
8.16% 0.00% 32.29% 71.04%
Communication Services
3.43% 0.00% 21.69% 88.21%
Basic Materials
2.31% 0.00% 23.86% 95.07%
Utilities
2.00% 0.00% 13.68% 66.57%
Real Estate
0.00% 0.00% 14.59% 91.19%

Stock Geographic Breakdown

Weighting Return Low Return High IYITX % Rank
Non US
81.93% 0.00% 121.07% 78.72%
US
13.46% 0.00% 103.55% 21.14%

IYITX - Expenses

Operational Fees

IYITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.51% 0.01% 18.22% 21.90%
Management Fee 0.84% 0.00% 1.65% 87.74%
12b-1 Fee 0.50% 0.00% 1.00% 73.16%
Administrative Fee N/A 0.01% 1.00% 10.00%

Sales Fees

IYITX 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

IYITX 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.

IYITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 2.00% 247.00% 80.33%

IYITX - Distributions

Dividend Yield Analysis

IYITX Category Low Category High IYITX % Rank
Dividend Yield 2.15% 0.00% 24.61% 51.96%

Dividend Distribution Analysis

IYITX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually SemiAnnual SemiAnnual

Net Income Ratio Analysis

IYITX Category Low Category High IYITX % Rank
Net Income Ratio 0.58% -0.93% 6.38% 87.46%

Capital Gain Distribution Analysis

IYITX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

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IYITX - Fund Manager Analysis

Managers

Charles John


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

Charles John works at Ivy Investments, Waddell & Reed as a Global Equity Investment Analyst responsible for investment opportunities in the Semiconductor, Semiconductor Equipment and Communications Equipment Sectors across all market cap ranges and serves as a portfolio manager for the International Core Equity.

Aditya Kapoor


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

Mr. Kapoor joined Ivy Investment Management Company in 2008 as an equity investment analyst. He has served as Assistant Vice President and assistant portfolio manager for other investment companies managed by IICO since 2013. He earned a Bachelor of Technology in Production and Industrial Engineering from the Indian Institute of Technology (IIT-Delhi), and holds an MBA from The Johnson School at Cornell University. Mr. Kapoor is a Chartered Financial Analyst.

F. Chace Brundige


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

Mr. Brundige joined Ivy Investment Management Company as an assistant portfolio manager for the Large Cap Growth equity team, and became a portfolio manager in Feb. 2006. He is Senior Vice President of IICO, Vice President of the Trust, and Vice President of and portfolio manager for other investment companies for which IICO serves as investment manager. Mr. Brundige holds a BS degree in Finance from Kansas State University, and has earned an MBA with an emphasis in Finance and Accounting from the University of Chicago Graduate School of Business. Mr. Brundige is a Chartered Financial Analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.22 3.25