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DDVAX Delaware Value® A

  • Fund
  • DDVAX
  • Price as of: Jul 15, 2019
  • $21.95 - $0.05 - 0.23%
  • Category
  • Large Cap Value Equities

DDVAX - Profile

Vitals

  • YTD Return 12.0%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 4.4%
  • Net Assets $14.5 B
  • Holdings in Top 10 32.6%

52 WEEK LOW AND HIGH

$21.95
$18.46
$23.41

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.93%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return 12.0%
  • 3 Yr Annualized Total Return 6.0%
  • 5 Yr Annualized Total Return 6.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.44%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Delaware Value® Fund
  • Fund Family Name Delaware Funds by Macquarie
  • Inception Date Sep 14, 1998
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Robert A. Vogel

Fund Description

Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of large-capitalization companies (the 80% policy). It invests primarily in securities of large-capitalization companies that the Manager believes have long-term capital appreciation potential. The fund's advisor currently defines large-capitalization stocks as those with market capitalizations of $5 billion or greater at the time of purchase.

DDVAX - Performance

Return Ranking - Trailing

Period DDVAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.0% -4.3% 29.1% 92.27%
1 Yr -1.8% -33.3% 14.0% 36.53%
3 Yr 3.7%* -15.3% 15.1% 48.05%
5 Yr 4.4%* -28.8% 11.8% 12.17%
10 Yr 10.7%* -10.6% 12.4% 5.32%

* Annualized


Return Ranking - Calendar

Period DDVAX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.8% -38.8% 15.7% 7.36%
2017 9.1% -17.9% 37.3% 54.21%
2016 11.8% -7.3% 28.2% 33.33%
2015 -3.5% -47.3% 0.6% 7.84%
2014 11.8% -46.4% 75.9% 4.99%

Total Return Ranking - Trailing

Period DDVAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.0% -4.3% 29.1% 92.27%
1 Yr -1.4% -33.3% 14.4% 59.85%
3 Yr 6.0%* -11.5% 15.9% 67.04%
5 Yr 6.7%* -9.9% 13.5% 30.42%
10 Yr 13.0%* -4.0% 14.9% 9.32%

* Annualized


Total Return Ranking - Calendar

Period DDVAX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.8% -32.1% 15.7% 16.58%
2017 13.4% -7.9% 38.3% 66.16%
2016 14.4% -7.3% 29.2% 35.10%
2015 -0.5% -26.2% 4.7% 6.95%
2014 13.4% -45.2% 78.4% 8.92%

NAV & Total Return History

DDVAX - Holdings

Concentration Analysis

DDVAX Category Low Category High DDVAX % Rank
Net Assets 14.5 B 1.47 M 118 B 9.34%
Number of Holdings 39 18 1796 89.91%
Net Assets in Top 10 4.5 B 81.8 K 32.2 B 7.60%
Weighting of Top 10 32.61% 8.7% 73.6% 25.40%

Top 10 Holdings

  1. Waste Management Inc 3.40%

  2. Equity Residential 3.37%

  3. Marsh & McLennan Companies Inc 3.33%

  4. Mondelez International Inc Class A 3.32%

  5. American International Group Inc 3.31%

  6. Northrop Grumman Corp 3.24%

  7. Quest Diagnostics Inc 3.22%

  8. Abbott Laboratories 3.21%

  9. Cisco Systems Inc 3.11%

  10. Allstate Corp 3.10%


Asset Allocation

Weighting Return Low Return High DDVAX % Rank
Stocks
98.89% 6.24% 118.00% 28.02%
Cash
0.89% -18.00% 40.48% 73.60%
Other
0.22% -0.31% 2.43% 2.86%
Preferred Stocks
0.00% 0.00% 16.57% 30.14%
Convertible Bonds
0.00% 0.00% 77.39% 21.92%
Bonds
0.00% -0.04% 44.69% 30.39%

Stock Sector Breakdown

Weighting Return Low Return High DDVAX % Rank
Healthcare
23.89% 0.00% 25.25% 0.62%
Financial Services
15.65% 0.89% 40.80% 81.27%
Technology
11.80% 0.00% 35.17% 30.21%
Energy
10.85% 0.00% 21.28% 18.85%
Industrials
9.59% 0.00% 37.45% 44.69%
Consumer Defense
9.33% 0.00% 27.68% 25.09%
Communication Services
5.84% 0.00% 12.01% 28.21%
Real Estate
3.37% 0.00% 33.69% 43.82%
Utilities
3.06% 0.00% 72.94% 68.66%
Consumer Cyclical
2.79% 0.00% 46.05% 93.38%
Basic Materials
0.00% 0.00% 17.14% 93.13%

Stock Geographic Breakdown

Weighting Return Low Return High DDVAX % Rank
US
98.89% 0.12% 118.00% 3.36%
Non US
0.00% 0.00% 99.44% 97.14%

DDVAX - Expenses

Operational Fees

DDVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.93% 0.03% 8.83% 59.98%
Management Fee 0.51% 0.00% 1.20% 34.62%
12b-1 Fee 0.25% 0.00% 1.00% 25.86%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

DDVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.00% 5.75% 10.71%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

DDVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

DDVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 258.00% 19.43%

DDVAX - Distributions

Dividend Yield Analysis

DDVAX Category Low Category High DDVAX % Rank
Dividend Yield 0.01% 0.00% 0.10% 64.76%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

DDVAX Category Low Category High DDVAX % Rank
Net Income Ratio 1.44% -2.85% 3.22% 46.51%

Capital Gain Distribution Analysis

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

DDVAX - Managers

Robert A. Vogel

Manager

Start Date

Tenure

Tenure Rank

Jul 30, 2004

14.93

14.9%

Robert A. Vogel Jr. is a senior portfolio manager for the firm's Large-Cap Value team. Prior to joining Delaware Investments in 2004 as vice president and senior portfolio manager, he worked at Merrill Lynch Investment Managers for more than seven years, where he rose to the position of director and portfolio manager within the U.S. Active Large-Cap Value team. He began his career in 1992 as a financial consultant at Merrill Lynch. Vogel graduated from Loyola University Maryland, earning both bachelor's and master's degrees in finance. He also earned an MBA with a concentration in finance from The Wharton School of the University of Pennsylvania. Vogel is a member of the New York Society of Security Analysts, the CFA Institute, and the CFA Society of Philadelphia.


D. Tysen Nutt

Manager

Start Date

Tenure

Tenure Rank

Jul 30, 2004

14.93

14.9%

D. Tysen Nutt Jr. Senior Vice President, Senior Portfolio Manager Ty Nutt is a senior portfolio manager for the firm’s Large-Cap Value team. Before joining Macquarie Investment Management (MIM) in 2004 as senior vice president and senior portfolio manager, Nutt led the US Active Large-Cap Value team within Merrill Lynch Investment Managers, where he managed mutual funds and separate accounts for institutions and private clients. Nutt earned his bachelor’s degree from Dartmouth College, and he is a member of the CFA Society New York and the CFA Institute.


Nikhil G. Lalvani

Manager

Start Date

Tenure

Tenure Rank

Oct 02, 2006

12.75

12.8%

Nikhil G. Lalvani, CFA Vice President, Senior Portfolio Manager, Team Leader — Large-Cap Value Equity Nikhil G. Lalvani is a senior portfolio manager for the firm’s Large-Cap Value team and assumed the role of Team Leader in October 2018. At Macquarie Investment Management (MIM) Lalvani has worked as both a fundamental and quantitative analyst. Prior to joining the firm in 1997 as an account analyst, he was a research associate with Bloomberg. Lalvani holds a bachelor’s degree in finance from The Pennsylvania State University. He is a member of the CFA Institute and the CFA Society of Philadelphia.


Kristen E. Bartholdson

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2008

10.5

10.5%

Kristen E. Bartholdson is a Senior Portfolio Manager for the firm’s Large-Cap Value team. Prior to joining Delaware Investments Fund Advisers in 2006 as an Associate Portfolio Manager, she worked at Susquehanna International Group from 2004 to 2006, where she was an equity research salesperson. From 2000 to 2004, Ms. Bartholdson worked in equity research at Credit Suisse, most recently as an Associate Analyst in investment strategy. Ms. Bartholdson earned her Bachelor’s degree in Economics from Princeton University.


Tenure Analysis

Category Low

0.17

Category High

31.98

Category Average

9.92

Category Mode

7.09