DHIRX: Delaware High Yield Opportunities Fund - MutualFunds.com

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Delaware High-Yield Opportunities R

DHIRX - Snapshot

Vitals

  • YTD Return -1.8%
  • 3 Yr Annualized Return 3.6%
  • 5 Yr Annualized Return 5.3%
  • Net Assets $168 M
  • Holdings in Top 10 10.6%

52 WEEK LOW AND HIGH

$3.75
$3.00
$3.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.41%

SALES FEES

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

BROKERAGE FEES

  • Turnover 108.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Compare DHIRX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$5.83

-0.17%

$27.23 B

5.43%

$0.32

-2.18%

0.23%

$84.12

-0.88%

$25.71 B

5.17%

$4.39

-4.30%

0.49%

$7.49

-0.13%

$24.81 B

5.75%

$0.43

-3.60%

0.60%

$5.32

-0.38%

$19.52 B

6.21%

$0.33

-4.66%

0.80%

$9.70

-0.10%

$16.70 B

6.42%

$0.63

-3.77%

0.72%

DHIRX - Profile

Distributions

  • YTD Total Return -1.8%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 4.84%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Delaware High Yield Opportunities 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
    John McCarthy

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 fixed income securities rated at the time of purchase lower than BBB- by Standard & Poor's Financial Services LLC, Baa3 by Moody's Investors Services, Inc. (Moody's), or similarly rated by another nationally recognized statistical rating organization (NRSRO). It may also invest in U.S. and foreign government securities and corporate bonds of foreign issuers. The fund may invest up to 40% of its net assets in foreign securities.


DHIRX - Performance

Return Ranking - Trailing

Period DHIRX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.8% -52.4% 374.3% 19.39%
1 Yr 3.2% -51.6% 10.0% 19.05%
3 Yr 3.6%* -20.4% 8.3% 30.71%
5 Yr 5.3%* -0.7% 9.5% 54.95%
10 Yr 5.2%* 1.0% 9.4% 66.19%

* Annualized

Return Ranking - Calendar

Period DHIRX Return Category Return Low Category Return High Rank in Category (%)
2019 9.8% -10.3% 226.1% 8.49%
2018 -10.1% -18.4% -0.2% 88.15%
2017 1.8% -9.5% 18.8% 27.45%
2016 6.7% -9.1% 28.6% 65.90%
2015 -12.1% -34.3% 3.5% 81.31%

Total Return Ranking - Trailing

Period DHIRX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.8% -52.4% 374.3% 19.39%
1 Yr 3.2% -51.6% 10.0% 15.48%
3 Yr 3.6%* -20.4% 8.3% 27.37%
5 Yr 5.3%* -1.0% 9.5% 47.72%
10 Yr 5.2%* 1.0% 9.4% 59.27%

* Annualized

Total Return Ranking - Calendar

Period DHIRX Return Category Return Low Category Return High Rank in Category (%)
2019 9.8% -8.1% 23.9% 10.79%
2018 -10.1% -18.4% 1.3% 91.19%
2017 1.8% -8.5% 18.8% 43.76%
2016 6.7% -9.1% 39.0% 73.00%
2015 -12.1% -32.4% 3.5% 83.24%

NAV & Total Return History


DHIRX - Holdings

Concentration Analysis

DHIRX Category Low Category High DHIRX % Rank
Net Assets 168 M 3.48 M 27.2 B 69.59%
Number of Holdings 221 1 2037 70.34%
Net Assets in Top 10 18.2 M -476 M 2.87 B 72.65%
Weighting of Top 10 10.62% 3.0% 100.0% 60.64%

Top 10 Holdings

  1. Popular, Inc. 6.12% 1.35%
  2. CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5% 1.16%
  3. T-Mobile US, Inc. 7.88% 1.14%
  4. Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 1.12%
  5. Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 1.12%
  6. Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 1.12%
  7. Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 1.12%
  8. Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 1.12%
  9. Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 1.12%
  10. Applied Systems Term Loan 2nd Lien - Libor 3m + 700 (100 Bps Floor) 1.12%

Asset Allocation

Weighting Return Low Return High DHIRX % Rank
Bonds
94.36% 0.00% 137.50% 54.15%
Convertible Bonds
2.27% 0.00% 19.96% 18.10%
Cash
2.18% -39.51% 100.00% 67.21%
Other
1.19% -2.78% 58.14% 6.12%
Stocks
0.00% -28.46% 28.23% 67.48%
Preferred Stocks
0.00% 0.00% 6.39% 44.35%

Bond Sector Breakdown

Weighting Return Low Return High DHIRX % Rank
Corporate
97.80% 0.00% 100.00% 17.17%
Cash & Equivalents
2.20% 0.00% 100.00% 72.62%
Derivative
0.00% 0.00% 51.02% 25.07%
Securitized
0.00% 0.00% 95.69% 44.28%
Municipal
0.00% 0.00% 16.25% 12.94%
Government
0.00% 0.00% 71.97% 44.01%

Bond Geographic Breakdown

Weighting Return Low Return High DHIRX % Rank
US
69.15% 0.00% 128.94% 82.31%
Non US
25.21% -28.02% 97.08% 12.52%

DHIRX - Expenses

Operational Fees

DHIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.41% 0.04% 20.17% 29.11%
Management Fee 0.65% 0.00% 1.84% 71.00%
12b-1 Fee 0.50% 0.00% 1.00% 61.50%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

DHIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

DHIRX 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.

DHIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 108.00% 1.00% 349.00% 91.24%

DHIRX - Distributions

Dividend Yield Analysis

DHIRX Category Low Category High DHIRX % Rank
Dividend Yield 0.00% 0.00% 7.18% 15.45%

Dividend Distribution Analysis

DHIRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

DHIRX Category Low Category High DHIRX % Rank
Net Income Ratio 4.84% -0.81% 10.03% 66.34%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

DHIRX - Fund Manager Analysis

Managers

John McCarthy


Start Date

Tenure

Tenure Rank

Dec 04, 2012

7.83

7.8%

John P. McCarthy is a senior portfolio manager for Delaware Management Company's high yield strategies, a role he assumed in July 2016. He is also co-head of credit research on the firm’s taxable fixed income team. McCarthy rejoined Delaware Investments in March 2007 as a senior research analyst after he worked in the firm’s fixed income area from 1990 to 2000 as a senior high yield analyst and high yield trader, and from 2001 to 2002 as a municipal bond trader. Prior to rejoining Delaware Investments, he was a senior high yield analyst/trader at Chartwell Investment Partners. McCarthy earned a bachelor’s degree in business administration from Babson College, and he is a member of the CFA Society of Philadelphia.

Adam Brown


Start Date

Tenure

Tenure Rank

Nov 06, 2014

5.9

5.9%

Adam H. Brown, CFA , is a senior portfolio manager on the Macquarie Investment Management Business Trust. He manages the bank loan portfolios and is a co-portfolio manager for the high yield, fixed rate multisector, and core plus strategies. Brown joined Macquarie Investment Management (MIM), which includes the former Delaware Investments, in April 2011 as part of the firm’s integration of Macquarie Four Corners Capital Management, where he had worked since 2002. At Four Corners, he was a co-portfolio manager on four collateralized loan obligations (CLOs) and a senior research analyst supporting noninvestment grade portfolios. Before that, Brown was with the predecessor of Wells Fargo Securities, where he worked in the leveraged finance group arranging senior secured bank loans and high yield bond financings for financial sponsors and corporate issuers. He earned a bachelor’s degree in accounting from the University of Florida and an MBA from the A.B. Freeman School of Business at Tulane University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 36.13 6.43 1.25