DEDCX: Delaware Emerging Markets Debt C

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DEDCX Delaware Emerging Markets Debt C

  • Fund
  • DEDCX
  • Price as of: Oct 18, 2019
  • $8.70 + $0.01 + 0.12%

DEDCX - Profile

Vitals

  • YTD Return 10.0%
  • 3 Yr Annualized Return 5.0%
  • 5 Yr Annualized Return 4.4%
  • Net Assets $72.4 M
  • Holdings in Top 10 10.3%

52 WEEK LOW AND HIGH

$8.70
$7.89
$8.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.65%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 74.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return 10.8%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.13%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Delaware Emerging Markets Debt Fund
  • Fund Family Name Delaware Funds by Macquarie
  • Inception Date Sep 30, 2013
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Sean H. Simmons

Fund Description

Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in emerging markets debt instruments (80% policy). It may also use a wide variety of derivatives instruments, including credit linked notes, interest rate, index and credit default swaps, forward foreign currency contracts, futures, and options.

DEDCX - Performance

Return Ranking - Trailing

Period DEDCX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.0% -9.5% 11.8% 30.36%
1 Yr 11.1% -12.2% 12.2% 10.71%
3 Yr 5.0%* -6.8% 5.9% 17.02%
5 Yr 4.4%* -7.2% 4.9% 10.26%
10 Yr N/A* -5.5% 2.6% 100.00%

* Annualized


Return Ranking - Calendar

Period DEDCX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.7% -19.3% 0.0% 22.22%
2017 5.8% 0.0% 36.5% 69.57%
2016 6.6% -5.4% 13.0% 52.50%
2015 -5.6% -21.5% -5.4% 5.26%
2014 -4.2% -19.3% 2.3% 33.33%

Total Return Ranking - Trailing

Period DEDCX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.8% -9.5% 11.8% 17.86%
1 Yr 10.1% -12.2% 12.3% 25.00%
3 Yr 5.0%* -6.8% 5.9% 12.77%
5 Yr 4.4%* -6.6% 4.9% 7.69%
10 Yr N/A* -3.9% 3.0% 77.78%

* Annualized


Total Return Ranking - Calendar

Period DEDCX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.7% -19.3% 0.0% 31.48%
2017 11.5% 0.2% 37.0% 69.57%
2016 11.0% -5.4% 13.2% 52.50%
2015 -2.3% -18.5% -2.3% 2.63%
2014 1.0% -19.3% 3.0% 19.44%

NAV & Total Return History

DEDCX - Holdings

Concentration Analysis

DEDCX Category Low Category High DEDCX % Rank
Net Assets 72.4 M 31.4 K 1.09 B 64.41%
Number of Holdings 133 11 424 64.91%
Net Assets in Top 10 6.79 M -1.48 M 347 M 73.68%
Weighting of Top 10 10.27% 0.9% 133.6% 89.47%

Top 10 Holdings

  1. Greenko Solar (Mauritius) Limited 5.95% 1.15%

  2. Mong Duong Finance Holdings B V 5.12% 1.11%

  3. Saudi Electricity Global SUKUK Company 4 4.22% 1.10%

  4. El Puerto de Liverpool S.A.B. de C.V. 3.95% 1.07%

  5. DBS Group Holdings Ltd 4.52% 1.04%

  6. Shimao Property Holdings Ltd. 6.12% 0.98%

  7. BANISTMO S.A. 3.65% 0.97%

  8. Banco International Del Peru S.A.A. 3.38% 0.95%

  9. Itau Unibanco Holdings S.A. 5.5% 0.95%

  10. Cerro del Aguila S.A. 4.12% 0.95%


Asset Allocation

Weighting Return Low Return High DEDCX % Rank
Bonds
77.68% 0.76% 78.87% 8.77%
Cash
20.14% -10.98% 102.53% 36.84%
Other
1.24% -3.41% 6.29% 22.81%
Convertible Bonds
0.93% 0.00% 20.52% 7.02%
Stocks
0.00% -0.14% 78.51% 71.93%
Preferred Stocks
0.00% 0.00% 0.47% 31.58%

Bond Sector Breakdown

Weighting Return Low Return High DEDCX % Rank
Corporate
67.24% 0.00% 67.24% 1.75%
Cash & Equivalents
20.14% -10.60% 92.97% 31.58%
Government
11.37% 0.00% 76.90% 73.68%
Derivative
0.00% -0.38% 11.67% 38.60%
Securitized
0.00% 0.00% 0.00% 19.30%
Municipal
0.00% 0.00% 0.00% 19.30%

Bond Geographic Breakdown

Weighting Return Low Return High DEDCX % Rank
Non US
74.08% 0.00% 121.13% 19.30%
US
3.60% -114.10% 30.46% 5.26%

DEDCX - Expenses

Operational Fees

DEDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.65% 1.02% 13.51% 7.14%
Management Fee 0.75% 0.50% 1.15% 18.64%
12b-1 Fee 1.00% 0.00% 1.00% 82.35%
Administrative Fee N/A 0.02% 0.25% N/A

Sales Fees

DEDCX 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% 1.00% 22.22%

Trading Fees

DEDCX 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.

DEDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 74.00% 13.69% 733.00% 39.29%

DEDCX - Distributions

Dividend Yield Analysis

DEDCX Category Low Category High DEDCX % Rank
Dividend Yield 1.74% 0.00% 5.50% 57.63%

Dividend Distribution Analysis

DEDCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

DEDCX Category Low Category High DEDCX % Rank
Net Income Ratio 4.13% -0.85% 8.39% 33.93%

Capital Gain Distribution Analysis

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

DEDCX - Managers

Sean H. Simmons

Manager

Start Date

Tenure

Tenure Rank

Jul 27, 2016

3.18

3.2%

Sean M. Simmons, CFA, is the trading specialist for Macquarie Investment Management's international bond group, where his responsibilities include non-dollar bonds and currencies. Prior to joining Macquarie Investment Management (MIM) in October 2007, he was a proprietary derivatives trader for Wolverine Trading from 2001 to 2005, and also worked as an options strategist for Susquehanna International Group from 2006 to 2007. Simmons received a bachelor’s degree in financial economics from Rutgers University and a master’s in finance from London Business School. He is a member of the CFA Society of Philadelphia.


Mansur Z. Rasul

Manager

Start Date

Tenure

Tenure Rank

Jul 27, 2016

3.18

3.2%

Mansur Z. Rasul is a senior portfolio manager for Macquarie Investment Management's emerging markets credit strategy, a role he assumed in July 2016. He rejoined the firm in April 2012 as head of emerging markets trading. During his previous time at Macquarie Investment Management (MIM) from 2004 to 2007, he was an analyst on the firm’s fixed income team. From May 2011 to December 2011, Rasul worked with ING Financial Markets, where he was responsible for emerging markets credit trading and structuring. Prior to that, he worked for Daiwa Capital Markets America as director of the firm’s fixed income syndicate, responsible for the placement of all fixed income products to US-based accounts from 2009 to 2011. Previously, he worked with Merrill Lynch as an associate responsible for Asian credit trading from 2007 to 2009. Rasul received his bachelor’s degree in economics, with a minor in political science, from Northwestern University.


Alexander V. Kozhemiakin

Manager

Start Date

Tenure

Tenure Rank

Sep 27, 2019

0.01

0.0%

Alexander Kozhemiakin, PhD, CFA Alexander is Managing Director and the Emerging Markets Debt Team Leader. He joined Standish from Putnam Investments, where he was Senior Vice President and Portfolio Manager for emerging market debt. Prior to that, he was Emerging Market Sovereign Analyst at Citibank in New York. Alexander received an Honors Diploma from Moscow State Institute for International Relations. He has a PhD in International Relations from the University of Illinois at Urbana - Champaign and was a post-doctoral fellow at Harvard University. He holds the CFA® designation and has 17 years of investment experience. Alexander's research on emerging market debt and other areas of fixed income has been published in the leading finance journals, including The Journal of Portfolio Management, The Journal of Fixed Income, and The Journal of Investing.


Tenure Analysis

Category Low

0.01

Category High

16.76

Category Average

5.15

Category Mode

8.09