DEURX: Delaware US Growth R

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DEURX Delaware US Growth R

  • Fund
  • DEURX
  • Price as of: Oct 18, 2019
  • $20.75 - $0.15 - 0.72%

DEURX - Profile

Vitals

  • YTD Return 20.8%
  • 3 Yr Annualized Return -2.6%
  • 5 Yr Annualized Return -2.4%
  • Net Assets $2.39 B
  • Holdings in Top 10 51.2%

52 WEEK LOW AND HIGH

$20.75
$16.02
$24.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.37%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 20.8%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.56%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Delaware U.S. Growth Fund
  • Fund Family Name Delaware Funds by Macquarie
  • Inception Date Jun 02, 2003
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Jeffrey S. Van Harte

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 U.S. investments (80% policy). It invests primarily in common stocks of companies that its portfolio managers believe have long-term capital appreciation potential and are expected to grow faster than the U.S. economy.

DEURX - Performance

Return Ranking - Trailing

Period DEURX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.8% -34.6% 52.7% 55.42%
1 Yr -12.1% -68.2% 18.4% 90.95%
3 Yr -2.6%* -39.5% 25.4% 92.95%
5 Yr -2.4%* -31.8% 16.5% 89.19%
10 Yr 6.1%* -14.4% 16.7% 73.18%

* Annualized


Return Ranking - Calendar

Period DEURX Return Category Return Low Category Return High Rank in Category (%)
2018 -24.3% -65.5% 13.4% 91.78%
2017 12.0% -46.3% 37.5% 81.41%
2016 -12.7% -43.3% 13.0% 89.59%
2015 -7.3% -38.0% 11.4% 73.84%
2014 9.2% -52.4% 105.4% 14.94%

Total Return Ranking - Trailing

Period DEURX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.8% -34.6% 52.7% 55.42%
1 Yr -12.1% -68.2% 24.7% 93.00%
3 Yr 4.4%* -39.5% 25.4% 89.94%
5 Yr 4.8%* -31.8% 16.9% 82.71%
10 Yr 10.0%* -14.4% 16.7% 73.68%

* Annualized


Total Return Ranking - Calendar

Period DEURX Return Category Return Low Category Return High Rank in Category (%)
2018 -24.3% -65.5% 16.5% 94.63%
2017 27.5% -28.2% 51.5% 40.66%
2016 -5.6% -43.3% 15.6% 90.05%
2015 4.7% -38.0% 17.3% 31.56%
2014 12.2% -52.4% 120.7% 26.00%

NAV & Total Return History

DEURX - Holdings

Concentration Analysis

DEURX Category Low Category High DEURX % Rank
Net Assets 2.39 B 1.15 M 186 B 34.16%
Number of Holdings 34 7 2101 87.48%
Net Assets in Top 10 1.25 B 409 K 53.6 B 31.61%
Weighting of Top 10 51.23% 12.2% 100.0% 7.96%

Top 10 Holdings

  1. Microsoft Corp 9.78%

  2. IQVIA Holdings Inc 6.19%

  3. Dollar Tree Inc 5.38%

  4. KKR & Co Inc 4.90%

  5. Ball Corp 4.35%

  6. Charter Communications Inc A 4.26%

  7. Hasbro Inc 4.26%

  8. PayPal Holdings Inc 4.10%

  9. Mastercard Inc A 4.07%

  10. Visa Inc Class A 3.93%


Asset Allocation

Weighting Return Low Return High DEURX % Rank
Stocks
97.13% 80.50% 102.01% 71.79%
Cash
2.95% -2.02% 16.25% 23.49%
Preferred Stocks
0.00% 0.00% 5.34% 33.08%
Convertible Bonds
0.00% 0.00% 0.10% 23.34%
Bonds
0.00% 0.00% 3.50% 26.66%
Other
-0.08% -2.29% 3.74% 98.61%

Stock Sector Breakdown

Weighting Return Low Return High DEURX % Rank
Technology
26.11% 4.65% 61.68% 80.91%
Financial Services
22.30% 0.00% 34.35% 3.55%
Healthcare
14.23% 0.15% 38.98% 42.27%
Consumer Cyclical
13.17% 0.00% 34.54% 74.65%
Consumer Defense
11.35% 0.00% 18.48% 2.47%
Communication Services
8.22% 0.00% 14.37% 1.78%
Real Estate
1.75% 0.00% 10.67% 49.38%
Utilities
0.00% -0.50% 7.63% 46.52%
Industrials
0.00% 0.00% 27.83% 95.98%
Energy
0.00% -0.01% 11.07% 65.46%
Basic Materials
0.00% 0.00% 11.38% 84.85%

Stock Geographic Breakdown

Weighting Return Low Return High DEURX % Rank
US
91.64% 79.62% 101.52% 62.60%
Non US
5.49% 0.00% 17.37% 38.49%

DEURX - Expenses

Operational Fees

DEURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.37% 0.00% 218.39% 30.94%
Management Fee 0.57% 0.00% 1.40% 31.48%
12b-1 Fee 0.50% 0.00% 1.00% 65.78%
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

DEURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 25.00% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

DEURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 5.00% 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.

DEURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 0.00% 536.00% 45.32%

DEURX - Distributions

Dividend Yield Analysis

DEURX Category Low Category High DEURX % Rank
Dividend Yield 0.00% 0.00% 15.89% 50.15%

Dividend Distribution Analysis

DEURX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

DEURX Category Low Category High DEURX % Rank
Net Income Ratio -0.56% -7.55% 1.83% 81.02%

Capital Gain Distribution Analysis

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

DEURX - Managers

Jeffrey S. Van Harte

Manager

Start Date

Tenure

Tenure Rank

Apr 14, 2005

14.47

14.5%

Jeffrey S. Van Harte, Chairman and the chief investment officer, joined JSP in April 2014. Previously, he was a senior vice president and the chief investment officer at Delaware, and was the chief investment officer for its Focus Growth Equity team (2005 to 2014). Prior to that, he was a principal and executive vice president at Transamerica Investment Management (1980 to 2005). He received his bachelor’s degree in finance from California State University at Fullerton.


Daniel J. Prislin

Manager

Start Date

Tenure

Tenure Rank

Apr 14, 2005

14.47

14.5%

Daniel J. Prislin, CFA Portfolio Manager, Research Analyst Daniel J. Prislin became a member of Jackson Square, at its inception in May 2014, as a portfolio manager and research analyst. Prior to joining Jackson Square, he was a portfolio manager and equity analyst on the Delaware Investments Focus Growth Equity team from April 2005 to April 2014. The Focus Growth Equity team managed large-cap growth, smid-cap growth, all-cap growth and global growth portfolios. Prior to joining Delaware Investments, he was a principal and portfolio manager at Transamerica Investment Management, where he also managed sub-advised funds and institutional separate accounts. Prior to joining Transamerica in 1998, he was a portfolio manager with The Franklin Templeton Group. Prislin received an MBA and bachelor’s degree in business administration from the University of California at Berkeley.


Christopher J. Bonavico

Manager

Start Date

Tenure

Tenure Rank

Apr 14, 2005

14.47

14.5%

Christopher J. Bonavico, CFA Portfolio Manager, Research Analyst Christopher J. Bonavico became a member of Jackson Square, at its inception in May 2014, as a portfolio manager and research analyst. Prior to joining Jackson Square, he was a portfolio manager and equity analyst on the Delaware Investments Focus Growth Equity team from April 2005 to April 2014. The Focus Growth Equity team managed large-cap growth, smid-cap growth, all-cap growth and global growth portfolios. Prior to joining Delaware Investments, he was a principal and portfolio manager at Transamerica Investment Management, where he managed sub-advised funds and institutional separate accounts. Before joining Transamerica in 1993, he was a research analyst for Salomon Brothers. Bonavico received his bachelor’s degree in economics from the University of Delaware.


Christopher M. Ericksen

Manager

Start Date

Tenure

Tenure Rank

Sep 01, 2005

14.09

14.1%

Christopher M. Ericksen, CFA Portfolio Manager, Research Analyst Christopher M. Ericksen became a member of Jackson Square, at its inception in May 2014, as a portfolio manager and research analyst. Prior to joining Jackson Square, he was a portfolio manager and equity analyst on the Delaware Investments Focus Growth Equity team from April 2005 to April 2014. The Focus Growth Equity team managed large-cap growth, smid-cap growth, all-cap growth and global growth portfolios. Prior to joining Delaware Investments, he was a portfolio manager at Transamerica Investment Management, where he also managed institutional separate accounts. Before joining Transamerica in 2004, he was a vice president at Goldman Sachs. During his 10 years there, he worked in investment banking as well as investment management. Ericksen received his bachelor’s degree from Carnegie Mellon University, with majors in industrial management, economics and political science.


William Montana

Manager

Start Date

Tenure

Tenure Rank

Jan 07, 2019

0.73

0.7%


Tenure Analysis

Category Low

0.0

Category High

51.78

Category Average

8.16

Category Mode

0.42