DCCAX: Delaware Small Cap Core A

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DCCAX Delaware Small Cap Core A

  • Fund
  • DCCAX
  • Price as of: Dec 11, 2019
  • $23.15
    - $0.03 - 0.13%

Profile

DCCAX - Profile

Vitals

  • YTD Return 23.6%
  • 3 Yr Annualized Return 8.2%
  • 5 Yr Annualized Return 8.4%
  • Net Assets $5.01 B
  • Holdings in Top 10 14.4%

52 WEEK LOW AND HIGH

$23.15
$17.58
$23.37

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

Fund Classification


Distributions

  • YTD Total Return 23.6%
  • 3 Yr Annualized Total Return 6.1%
  • 5 Yr Annualized Total Return 7.2%
  • 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

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Categories

Performance

DCCAX - Performance

Return Ranking - Trailing

Period DCCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.6% -94.0% 46.2% 15.59%
1 Yr 7.8% -95.2% 26.9% 27.73%
3 Yr 8.2%* -65.1% 21.5% 6.13%
5 Yr 8.4%* -45.7% 41.1% 5.04%
10 Yr 13.7%* -15.8% 18.8% 1.51%

* Annualized

Return Ranking - Calendar

Period DCCAX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.6% -59.5% 0.1% 45.63%
2017 5.4% -36.3% 36.3% 45.06%
2016 19.8% -36.7% 34.1% 29.61%
2015 -6.6% -48.0% 336.8% 28.27%
2014 3.0% -29.2% 15.7% 18.92%

Total Return Ranking - Trailing

Period DCCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.6% -94.0% 46.2% 15.59%
1 Yr 1.6% -95.2% 26.9% 69.17%
3 Yr 6.1%* -64.2% 21.5% 21.94%
5 Yr 7.2%* -42.7% 43.5% 22.78%
10 Yr 13.0%* -12.4% 20.8% 4.83%

* Annualized

Total Return Ranking - Calendar

Period DCCAX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.6% -44.3% 0.1% 65.51%
2017 13.9% -26.8% 52.6% 25.77%
2016 21.1% -24.6% 34.1% 35.20%
2015 -3.6% -48.0% 341.1% 28.69%
2014 8.6% -29.2% 15.7% 9.23%

NAV & Total Return History


Holdings

DCCAX - Holdings

Concentration Analysis

DCCAX Category Low Category High DCCAX % Rank
Net Assets 5.01 B 957 K 95.3 B 4.66%
Number of Holdings 134 9 2495 49.20%
Net Assets in Top 10 683 M 51.5 K 3.05 B 3.64%
Weighting of Top 10 14.35% 2.7% 244.2% 56.19%

Top 10 Holdings

  1. Spire Inc 1.83%
  2. South Jersey Industries Inc 1.65%
  3. Tetra Tech Inc 1.52%
  4. Steven Madden Ltd 1.47%
  5. NorthWestern Corp 1.47%
  6. First Industrial Realty Trust Inc 1.39%
  7. Federal Signal Corp 1.36%
  8. Kaiser Aluminum Corp 1.23%
  9. Conmed Corp 1.22%
  10. Great Western Bancorp Inc 1.22%

Asset Allocation

Weighting Return Low Return High DCCAX % Rank
Stocks
97.63% 87.29% 102.51% 60.12%
Cash
1.80% -89.32% 16.39% 48.91%
Other
0.57% -11.73% 23.33% 2.91%
Preferred Stocks
0.00% 0.00% 1.06% 55.17%
Convertible Bonds
0.00% 0.00% 2.54% 53.71%
Bonds
0.00% 0.00% 63.84% 55.46%

Stock Sector Breakdown

Weighting Return Low Return High DCCAX % Rank
Financial Services
18.34% 0.00% 41.84% 36.30%
Industrials
18.02% 0.13% 47.02% 45.63%
Healthcare
16.55% 0.10% 29.32% 11.52%
Technology
12.85% 0.00% 36.91% 63.85%
Real Estate
8.65% 0.00% 23.03% 38.34%
Consumer Cyclical
7.38% 0.11% 35.92% 93.73%
Basic Materials
7.11% 0.00% 23.88% 10.35%
Utilities
4.94% 0.00% 24.54% 14.29%
Communication Services
1.52% 0.00% 15.57% 47.81%
Consumer Defense
1.50% 0.00% 15.01% 88.63%
Energy
0.76% -0.10% 23.84% 91.69%

Stock Geographic Breakdown

Weighting Return Low Return High DCCAX % Rank
US
97.63% 81.05% 100.64% 30.57%
Non US
0.00% 0.00% 21.46% 92.72%

Expenses

DCCAX - Expenses

Operational Fees

DCCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.00% 586.45% 55.57%
Management Fee 0.66% 0.00% 1.50% 31.44%
12b-1 Fee 0.25% 0.00% 1.00% 53.45%
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% 24.24%
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

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% 0.00% 436.00% 39.21%

Distributions

DCCAX - Distributions

Dividend Yield Analysis

DCCAX Category Low Category High DCCAX % Rank
Dividend Yield 0.10% 0.00% 4.15% 37.26%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DCCAX Category Low Category High DCCAX % Rank
Net Income Ratio 0.19% -4.91% 2.35% 56.01%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

DCCAX - Fund Manager Analysis

Managers

Christopher S. Adams


Start Date

Tenure

Tenure Rank

Nov 01, 2004

15.09

15.1%

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


Start Date

Tenure

Tenure Rank

Nov 01, 2004

15.09

15.1%

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


Start Date

Tenure

Tenure Rank

Nov 01, 2004

15.09

15.1%

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


Start Date

Tenure

Tenure Rank

Nov 01, 2004

15.09

15.1%

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


Start Date

Tenure

Tenure Rank

Oct 19, 2016

3.12

3.1%

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 Category High Category Average Category Mode
0.0 47.11 6.3 0.08