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DCCAX Delaware Small Cap Core A

  • Fund
  • DCCAX
  • Price as of: Aug 16, 2019
  • $21.29 + $0.42 + 2.01%
  • Category
  • Small Cap Blend Equities

DCCAX - Profile

Vitals

  • YTD Return 13.7%
  • 3 Yr Annualized Return 1.9%
  • 5 Yr Annualized Return 1.6%
  • Net Assets $4.77 B
  • Holdings in Top 10 14.6%

52 WEEK LOW AND HIGH

$21.29
$17.58
$27.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.12%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 38.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Oct 22, 2018

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Small Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Blend

Distributions

  • YTD Total Return 13.7%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 5.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.19%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Delaware Small Cap Core Fund
  • Fund Family Name Delaware Funds by Macquarie
  • Inception Date Dec 29, 1998
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher S. Adams

DCCAX - Performance

Return Ranking - Trailing

Period DCCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.7% -5.3% 30.4% 24.39%
1 Yr -19.4% -64.6% 3.0% 41.19%
3 Yr 1.9%* -41.0% 21.9% 20.33%
5 Yr 1.6%* -36.3% 9.2% 17.50%
10 Yr 9.5%* -15.3% 17.6% 11.71%

* Annualized


Return Ranking - Calendar

Period DCCAX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.6% -67.3% 0.4% 41.19%
2017 5.4% -26.8% 36.3% 42.90%
2016 19.8% -36.7% 34.1% 25.28%
2015 -6.6% -59.6% 10.0% 28.06%
2014 3.0% -35.4% 76.2% 21.05%

Total Return Ranking - Trailing

Period DCCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.7% -5.3% 30.4% 24.39%
1 Yr -19.4% -42.6% 7.3% 59.08%
3 Yr 5.0%* -25.6% 21.9% 23.35%
5 Yr 5.2%* -25.2% 13.9% 19.72%
10 Yr 11.8%* -8.8% 20.0% 15.77%

* Annualized


Total Return Ranking - Calendar

Period DCCAX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.6% -47.8% 1.5% 62.06%
2017 13.9% -26.8% 52.6% 29.23%
2016 21.1% -24.6% 34.1% 31.94%
2015 -3.6% -59.6% 21.1% 26.67%
2014 8.6% -27.6% 76.2% 11.11%

NAV & Total Return History

DCCAX - Holdings

Concentration Analysis

DCCAX Category Low Category High DCCAX % Rank
Net Assets 4.77 B 2.77 M 92.9 B 4.62%
Number of Holdings 134 13 4244 54.74%
Net Assets in Top 10 699 M 958 K 3.42 B 3.52%
Weighting of Top 10 14.63% 2.6% 337.4% 54.47%

Top 10 Holdings

  1. Q2 Holdings Inc 1.70%

  2. Spire Inc 1.59%

  3. South Jersey Industries Inc 1.51%

  4. NorthWestern Corp 1.49%

  5. Essent Group Ltd 1.47%

  6. j2 Global Inc 1.47%

  7. Tetra Tech Inc 1.39%

  8. Steven Madden Ltd 1.34%

  9. Selective Insurance Group Inc 1.33%

  10. Repligen Corp 1.33%


Asset Allocation

Weighting Return Low Return High DCCAX % Rank
Stocks
97.54% 0.00% 101.25% 51.76%
Cash
2.20% -0.82% 42.98% 54.74%
Other
0.26% -11.67% 12.74% 8.13%
Preferred Stocks
0.00% 0.00% 2.98% 56.91%
Convertible Bonds
0.00% 0.00% 2.29% 57.72%
Bonds
0.00% -41.00% 105.80% 57.45%

Stock Sector Breakdown

Weighting Return Low Return High DCCAX % Rank
Industrials
18.30% 0.13% 52.49% 36.14%
Financial Services
17.84% 0.00% 39.50% 26.36%
Healthcare
15.55% 0.00% 23.37% 16.85%
Technology
15.40% 0.14% 40.59% 51.90%
Basic Materials
8.01% 0.00% 33.77% 9.78%
Real Estate
7.66% 0.00% 36.84% 39.67%
Consumer Cyclical
6.98% 0.00% 31.34% 92.39%
Utilities
4.60% 0.00% 7.52% 7.34%
Energy
1.66% 0.00% 15.27% 79.35%
Consumer Defense
1.03% 0.00% 13.34% 86.96%
Communication Services
0.51% 0.00% 10.54% 58.97%

Stock Geographic Breakdown

Weighting Return Low Return High DCCAX % Rank
US
97.54% 0.00% 101.13% 30.08%
Non US
0.00% 0.00% 93.92% 91.87%

DCCAX - Expenses

Operational Fees

DCCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.00% 3.96% 56.52%
Management Fee 0.66% 0.00% 1.50% 33.06%
12b-1 Fee 0.25% 0.00% 1.00% 51.57%
Administrative Fee N/A 0.00% 0.47% N/A

Sales Fees

DCCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.00% 5.75% 23.19%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DCCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Turnover 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.

DCCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.00% 3.00% 794.40% 39.67%

DCCAX - Distributions

Dividend Yield Analysis

DCCAX Category Low Category High DCCAX % Rank
Dividend Yield 0.11% 0.00% 0.04% 39.84%

Dividend Distribution Analysis

DCCAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

DCCAX Category Low Category High DCCAX % Rank
Net Income Ratio 0.19% -2.53% 2.35% 51.09%

Capital Gain Distribution Analysis

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

DCCAX - Managers

Christopher S. Adams

Manager

Start Date

Tenure

Tenure Rank

Nov 01, 2004

14.75

14.8%

Christopher S. Adams, CFA Vice President, is a senior portfolio manager on the Core Equity team at Delaware Management Company. He also performs analysis and research to support the portfolio management function. From 1995 to 1998, he was the firm’s vice president, strategic planning. Prior to joining Delaware Investments in 1995 as assistant vice president of strategic planning, Adams had approximately 10 years of experience in the financial services industry in the U.S. and U.K., including positions with Coopers & Lybrand, The Sumitomo Bank, Bank of America, and Lloyds Bank. Adams holds both bachelor’s and master’s degrees in history and economics from the University of Oxford, England, and received an MBA with dual concentrations in finance and insurance/risk management from The Wharton School of the University of Pennsylvania. He is a past president of the CFA Society of Philadelphia.


Francis X. Morris

Manager

Start Date

Tenure

Tenure Rank

Nov 01, 2004

14.75

14.8%

Francis X. Morris joined Delaware Investments in 1997 as a vice president and portfolio manager, and is currently the chief investment officer for Core Equity investments. Mr. Morris is also a member of the firm’s asset allocation committee, which is responsible for building and managing multi-asset class portfolios. In addition, Mr. Morris serves as a Trustee for the Delaware Management Holdings, Inc. (Delaware Investments) 401(k) and Retirement Plan. Prior to joining the firm, Mr. Morris was vice president and director of equity research at PNC Asset Management. Mr. Morris received a bachelor’s degree from Providence College and holds an MBA from Widener University. Mr. Morris is currently a member of the Business Advisory Council of the Providence College School of Business. Mr. Morris is a past president of the CFA Society of Philadelphia and is a member of the CFA Institute. Mr. Morris is a former officer of the National Association of Petroleum Investment Analysts.


Donald G. Padilla

Manager

Start Date

Tenure

Tenure Rank

Nov 01, 2004

14.75

14.8%

Donald G. Padilla,CFA Vice President, is currently a senior portfolio manager on the firm’s Core Equity team. He also performs analysis and research to support the portfolio management function. Padilla joined Delaware Investments in 1994 as assistant controller in the firm’s treasury function, responsible for managing corporate cash investments, developing financial models, and overseeing the financial operations of the Lincoln Life 401(k) annuities segment. Prior to joining Delaware Investments, he held various positions at The Vanguard Group. Padilla holds a bachelor’s degree in accounting from Lehigh University, and he is a member of the CFA Society of Philadelphia.


Michael S. Morris

Manager

Start Date

Tenure

Tenure Rank

Nov 01, 2004

14.75

14.8%

Michael S. Morris, who joined Delaware Investments in 1999 as assistant vice president and senior analyst, is currently a senior portfolio manager on the firm's Core Equity team. He also performs analysis and research to support the portfolio management function. Prior to joining the firm, he worked as a senior equity analyst at Newbold's Asset Management, covering financial stocks. Morris began his investment career in 1993 at Ohio Casualty. He earned his bachelor's degree in finance from Indiana University and an MBA from The Wharton School of the University of Pennsylvania. Morris is an adjunct professor in the finance department at the Villanova School of Business. He is a former member of the Bank and Financial Analysts Association.


David E. Reidinger

Manager

Start Date

Tenure

Tenure Rank

Oct 19, 2016

2.78

2.8%

David E. Reidinger joined Macquarie Investment Management (MIM), which includes the former Delaware Investments, in October 2016 as a senior portfolio manager on the firm’s Core Equity team. He also performs analysis and research to support the portfolio management function. From June 2004 to September 2016, Reidinger was a senior analyst and portfolio manager at Chartwell Investment Partners, where he worked on the firm’s small- and mid-cap growth strategies. Before that, Reidinger was a portfolio manager with Morgan Stanley Investment Management from 2000 to 2003, and a senior equity analyst with Tiger Management from 1998 to 2000. Reidinger began his career in 1993 as an equity research analyst with Goldman Sachs. With more than 20 years of experience as an analyst, he has covered a broad range of industries within the information technology, consumer, and industrial sectors. Reidinger earned bachelor’s degrees in both mathematics and economics from Fordham University, and an MBA from Columbia Business School.


Tenure Analysis

Category Low

0.0

Category High

27.92

Category Average

6.66

Category Mode

6.12