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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

$6.97

$1.37 B

0.00%

2.28%

Vitals

YTD Return

10.3%

1 yr return

18.5%

3 Yr Avg Return

-3.9%

5 Yr Avg Return

5.9%

Net Assets

$1.37 B

Holdings in Top 10

25.8%

52 WEEK LOW AND HIGH

$7.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.28%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 40.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$750

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

$6.97

$1.37 B

0.00%

2.28%

WRGCX - Profile

Distributions

  • YTD Total Return 10.3%
  • 3 Yr Annualized Total Return -3.9%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.62%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Delaware Ivy Small Cap Growth Fund
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Mar 27, 2000
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Timothy Miller

Fund Description

Delaware Ivy Small Cap Growth Fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in common stocks of small-capitalization companies. For purposes of this Fund, small-capitalization companies typically are companies with market capitalizations similar to those of issuers included in the Russell 2000® Growth Index over the last 13 months at the time of acquisition. As of June 30, 2023 (the quarter-end closest to the index’s rebalance), this range of market capitalizations was between approximately $1.85 million and $13.15 billion. The Fund emphasizes smaller companies positioned in new or emerging industries where Delaware Management Company (Manager), the Fund’s investment manager, believes there is opportunity for higher growth than in established companies or industries. The Fund’s investments in equity securities may include common stocks that are offered in initial public offerings (IPOs).

The Manager utilizes a bottom-up (researching individual issuers) stock-picking process that considers quality of management and superior financial characteristics (e.g., return on assets, return on equity, operating margin) in its search for companies, thereby focusing on what it believes are higher-quality companies with sustainable growth prospects. The Manager seeks companies that it believes exhibit successful and scalable business models by having one or more of the following characteristics: serving markets that are growing at rates substantially in excess of the average industry and/or the general economy; a company that is a leader in its industry and that possesses an identifiable competitive advantage; that features strong and effective management; that demonstrates a strong commitment to shareholders; that is serving a large and/or fast-growing market opportunity; that is experiencing upward margin momentum, a growth in earnings, growth in revenue and sales and/or positive cash flows; that is increasing market share and/or creating increasing barriers to entry either through technological advancement, marketing, distribution or some other innovative means; or that emphasizes organic growth. The Manager believes that such companies generally have a replicable business model that allows for sustained growth.

Generally, in determining whether to sell a security, the Manager uses the same type of analysis that it uses in buying securities. For example, the Manager may sell a security if it believes that the stock no longer offers significant growth potential, which may be due to a change in the business or management of the company or a change in the industry or sector of the company. The Manager also may sell a security to reduce the Fund’s holding in that security, if its analysis reveals evidence of a meaningful deterioration in operating trends, if it anticipates a decrease in the company’s ability to grow, if it loses confidence in the management of the company and/or the company’s founder departs, 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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WRGCX - Performance

Return Ranking - Trailing

Period WRGCX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -2.7% 19.7% 14.16%
1 Yr 18.5% -0.7% 53.5% 54.56%
3 Yr -3.9%* -21.1% 62.1% 65.05%
5 Yr 5.9%* -3.0% 46.3% 87.79%
10 Yr 7.5%* 1.5% 24.5% 68.18%

* Annualized

Return Ranking - Calendar

Period WRGCX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -20.5% 54.6% 98.60%
2022 -34.5% -82.1% 32.2% 70.92%
2021 -38.6% -90.6% 300.1% 97.67%
2020 21.0% -63.0% 127.9% 77.78%
2019 12.2% -7.7% 42.9% 87.60%

Total Return Ranking - Trailing

Period WRGCX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -2.7% 19.7% 14.16%
1 Yr 18.5% -0.7% 53.5% 54.56%
3 Yr -3.9%* -21.1% 62.1% 65.05%
5 Yr 5.9%* -3.0% 46.3% 87.79%
10 Yr 7.5%* 1.5% 24.5% 68.18%

* Annualized

Total Return Ranking - Calendar

Period WRGCX Return Category Return Low Category Return High Rank in Category (%)
2023 12.5% -19.0% 136.8% 76.05%
2022 -28.2% -59.9% 44.3% 50.35%
2021 3.1% -22.7% 411.9% 78.71%
2020 37.5% 1.5% 150.8% 52.41%
2019 22.8% 5.5% 55.3% 85.50%

NAV & Total Return History


WRGCX - Holdings

Concentration Analysis

WRGCX Category Low Category High WRGCX % Rank
Net Assets 1.37 B 183 K 28.5 B 31.26%
Number of Holdings 74 7 1188 72.02%
Net Assets in Top 10 355 M 57.4 K 2.83 B 34.72%
Weighting of Top 10 25.75% 7.1% 100.1% 39.79%

Top 10 Holdings

  1. CyberArk Software Ltd 3.72%
  2. CBIZ Inc 2.85%
  3. Parsons Corp 2.79%
  4. Progyny Inc 2.61%
  5. Sprout Social Inc 2.60%
  6. Federal Signal Corp 2.59%
  7. ATI Inc 2.18%
  8. Red Rock Resorts Inc 2.18%
  9. DoubleVerify Holdings Inc 2.15%
  10. SiteOne Landscape Supply Inc 2.08%

Asset Allocation

Weighting Return Low Return High WRGCX % Rank
Stocks
99.61% 77.88% 108.99% 12.78%
Cash
0.39% 0.00% 27.66% 81.69%
Preferred Stocks
0.00% 0.00% 4.08% 88.60%
Other
0.00% -0.22% 5.89% 88.43%
Convertible Bonds
0.00% 0.00% 1.57% 87.74%
Bonds
0.00% 0.00% 3.22% 87.74%

Stock Sector Breakdown

Weighting Return Low Return High WRGCX % Rank
Technology
28.56% 2.91% 75.51% 24.53%
Healthcare
20.85% 0.00% 47.90% 64.08%
Industrials
17.98% 0.00% 36.64% 38.86%
Consumer Cyclical
15.96% 0.00% 24.04% 16.23%
Financial Services
5.81% 0.00% 42.95% 61.31%
Communication Services
3.53% 0.00% 15.31% 27.29%
Consumer Defense
3.50% 0.00% 13.56% 58.03%
Energy
3.11% 0.00% 55.49% 39.38%
Real Estate
0.36% 0.00% 15.31% 71.68%
Basic Materials
0.33% 0.00% 9.24% 81.52%
Utilities
0.00% 0.00% 5.57% 92.57%

Stock Geographic Breakdown

Weighting Return Low Return High WRGCX % Rank
US
99.61% 30.27% 102.09% 12.44%
Non US
0.00% 0.00% 61.74% 90.85%

WRGCX - Expenses

Operational Fees

WRGCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.28% 0.05% 23.20% 5.36%
Management Fee 0.84% 0.05% 1.62% 63.84%
12b-1 Fee 1.00% 0.00% 1.00% 98.74%
Administrative Fee N/A 0.01% 0.40% 1.82%

Sales Fees

WRGCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 91.94%

Trading Fees

WRGCX 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.

WRGCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 3.00% 439.00% 35.32%

WRGCX - Distributions

Dividend Yield Analysis

WRGCX Category Low Category High WRGCX % Rank
Dividend Yield 0.00% 0.00% 7.17% 91.19%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

WRGCX Category Low Category High WRGCX % Rank
Net Income Ratio -1.62% -2.47% 1.10% 93.87%

Capital Gain Distribution Analysis

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

Distributions History

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WRGCX - Fund Manager Analysis

Managers

Timothy Miller


Start Date

Tenure

Tenure Rank

Apr 01, 2010

12.17

12.2%

Mr. Miller, CFA, is Senior Vice President of IICO, and Vice President of and portfolio manager for another investment company for which IICO serves as investment manager. He joined IICO in February 2008 and has served as the portfolio manager for investment companies managed by IICO (or its affiliates) since March 2008. Previous employment included serving as the Chief Investment Officer of Invesco Funds Group, Inc., and as the Chief Investment Officer of the Denver Investment Center of Invesco North America. Mr. Miller holds a BS degree in Business Administration from St. Louis University.

Kenneth McQuade


Start Date

Tenure

Tenure Rank

Oct 01, 2016

5.67

5.7%

Kenneth G. McQuade was named co portfolio manager of the small cap growth product suit in 2016. He was sole portfolio manager of Ivy VIP Small Growth from 2016 to 2016. Mr. McQuade joined Waddell & Reed in 1997 as an investment analyst. He was an assistant portfolio manager of separately managed small cap accounts from August 2003 until March 2010. Mr. McQuade is Senior Vice President of WRIMCO and IICO and Vice President of the Trust. He earned a BS degree in finance from Bradley University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.44 9.04 5.25