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Trending ETFs

Name

As of 07/23/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.22

$67.2 M

9.90%

$0.71

0.59%

Vitals

YTD Return

1.1%

1 yr return

14.9%

3 Yr Avg Return

7.5%

5 Yr Avg Return

7.0%

Net Assets

$67.2 M

Holdings in Top 10

10.6%

52 WEEK LOW AND HIGH

$7.2
$7.08
$7.80

Expenses

OPERATING FEES

Expense Ratio 0.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 127.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 07/23/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.22

$67.2 M

9.90%

$0.71

0.59%

DPHYX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return 7.5%
  • 5 Yr Annualized Total Return 7.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.07%
DIVIDENDS
  • Dividend Yield 9.9%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Macquarie Pooled Trust High Yield Bond Portfolio
  • Fund Family Name
    Macquarie Investment Management
  • Inception Date
    Dec 02, 1996
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John McCarthy

Fund Description

The Portfolio will primarily invest its assets at the time of purchase in: (1) below investment grade corporate bonds rated BB or lower by S&P or similarly rated by another NRSRO; (2) securities issued or guaranteed by the US government, its agencies or instrumentalities; or (3) commercial paper of companies rated A-1 or A-2 by S&P or rated P-1 or P-2 by Moody’s or that may be unrated but considered to be of comparable quality. Of these categories of securities, the Manager anticipates investing primarily in corporate bonds. The Portfolio may also invest in income-producing securities, including common stocks and preferred stocks, some of which may have convertible features or attached warrants and that may be speculative. The Portfolio may invest up to 40% of its net assets in foreign securities; however, the Portfolio’s total non-US-dollar currency exposure will be limited, in the aggregate, to no more than 25% of the Portfolio’s net assets, and investments in emerging market securities will be limited to 20% of the Portfolio’s net assets. The Portfolio may hold cash or invest in short-term debt securities and other money market instruments when, in the Manager’s opinion, such holdings are prudent given then prevailing market conditions. Except when the Manager believes a temporary defensive approach is appropriate, the Portfolio normally will not hold more than 5% of its total assets in cash or such short-term investments.

Under normal circumstances, the Portfolio will invest at least 80% of its net assets, plus any borrowings for investment purposes, in high yield, fixed income securities (80% Policy). The Portfolio’s 80% Policy may be changed without shareholder approval. However, shareholders will be given notice at least 60 days prior to any such change.

High yield, fixed income securities, or high yield bonds, are generally considered to be those rated lower than BBB- by S&P and lower than Baa3 by Moody’s, or similarly rated by another NRSRO. The Portfolio will generally focus its investments on bonds in the BB/Ba or B/B ratings categories and in unrated bonds of similar quality.

With respect to US government securities, the Portfolio may invest only in securities issued or guaranteed as to the payment of principal and interest by the US government, and those of its agencies or instrumentalities that are backed by the full faith and credit of the US.

The Manager does not normally intend to respond to short-term market fluctuations or to acquire securities for the purpose of short-term trading; however, the Manager may take advantage of short-term opportunities that are consistent with the Portfolio’s investment objective.

The Portfolio may invest in privately placed securities, including those that are eligible for resale only among certain institutional buyers without registration, which are commonly known as “Rule 144A Securities.” Restricted securities that are determined to be illiquid may not exceed the Portfolio’s limit on investments in illiquid investments.

In addition, the Manager may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Europe Limited, Macquarie Investment Management Austria Kapitalanlage AG, and Macquarie Investment Management Global Limited (together, the “Affiliated Sub-Advisors”). The Manager may also permit these Affiliated Sub-Advisors to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where DMC believes it will be beneficial to utilize an Affiliated Sub-Advisor’s specialized market knowledge.

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DPHYX - Performance

Return Ranking - Trailing

Period DPHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -69.0% 12.3% 44.66%
1 Yr 14.9% -14.1% 50.8% 48.53%
3 Yr 7.5%* -11.6% 17.7% 17.03%
5 Yr 7.0%* -5.3% 13.9% 27.27%
10 Yr 6.1%* 1.4% 9.9% 28.60%

* Annualized

Return Ranking - Calendar

Period DPHYX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.3% -75.1% 399.1% 78.45%
2022 9.3% -56.9% 226.1% 14.83%
2021 -11.2% -61.3% -0.4% 92.30%
2020 0.0% -49.0% 18.8% 81.57%
2019 7.0% -25.2% 28.6% 62.61%

Total Return Ranking - Trailing

Period DPHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -69.0% 12.3% 44.91%
1 Yr 14.9% -16.7% 57.3% 41.73%
3 Yr 7.5%* -11.6% 16.5% 16.47%
5 Yr 7.0%* -5.3% 13.2% 25.69%
10 Yr 6.1%* 1.4% 9.9% 26.36%

* Annualized

Total Return Ranking - Calendar

Period DPHYX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.3% -75.1% 399.1% 78.45%
2022 9.3% -56.9% 23.9% 16.92%
2021 -4.4% -61.3% 1.3% 19.70%
2020 7.6% -49.0% 18.8% 6.53%
2019 13.4% -25.2% 39.0% 10.23%

NAV & Total Return History


DPHYX - Holdings

Concentration Analysis

DPHYX Category Low Category High DPHYX % Rank
Net Assets 67.2 M 3.71 M 29.6 B 86.96%
Number of Holdings 232 1 2442 67.12%
Net Assets in Top 10 7.13 M -493 M 3.93 B 81.76%
Weighting of Top 10 10.60% 2.5% 100.0% 60.63%

Top 10 Holdings

  1. Applied Systems Term Loan 1.49%
  2. Applied Systems Term Loan 1.49%
  3. Applied Systems Term Loan 1.49%
  4. Applied Systems Term Loan 1.49%
  5. Applied Systems Term Loan 1.49%
  6. Applied Systems Term Loan 1.49%
  7. Applied Systems Term Loan 1.49%
  8. Applied Systems Term Loan 1.49%
  9. Applied Systems Term Loan 1.49%
  10. Applied Systems Term Loan 1.49%

Asset Allocation

Weighting Return Low Return High DPHYX % Rank
Bonds
92.26% 0.00% 147.88% 64.02%
Cash
4.35% -44.84% 100.00% 28.54%
Other
1.84% -52.60% 32.06% 6.95%
Convertible Bonds
1.09% 0.00% 19.02% 66.25%
Preferred Stocks
0.47% 0.00% 19.22% 28.91%
Stocks
0.00% -10.91% 31.60% 73.33%

Bond Sector Breakdown

Weighting Return Low Return High DPHYX % Rank
Corporate
95.57% 0.00% 100.00% 47.33%
Cash & Equivalents
4.43% 0.00% 100.00% 33.54%
Derivative
0.00% 0.00% 46.55% 30.06%
Securitized
0.00% 0.00% 95.33% 46.96%
Municipal
0.00% 0.00% 11.44% 12.05%
Government
0.00% 0.00% 71.25% 40.00%

Bond Geographic Breakdown

Weighting Return Low Return High DPHYX % Rank
US
76.74% 0.00% 123.46% 68.11%
Non US
15.52% 0.00% 97.21% 27.05%

DPHYX - Expenses

Operational Fees

DPHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.01% 4.79% 76.40%
Management Fee 0.45% 0.00% 1.84% 16.91%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

DPHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

DPHYX 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.

DPHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 127.00% 0.00% 349.00% 89.41%

DPHYX - Distributions

Dividend Yield Analysis

DPHYX Category Low Category High DPHYX % Rank
Dividend Yield 9.90% 0.00% 3.95% 13.14%

Dividend Distribution Analysis

DPHYX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Quarterly Monthly Monthly

Net Income Ratio Analysis

DPHYX Category Low Category High DPHYX % Rank
Net Income Ratio 5.07% -2.17% 10.53% 44.88%

Capital Gain Distribution Analysis

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

Distributions History

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DPHYX - Fund Manager Analysis

Managers

John McCarthy


Start Date

Tenure

Tenure Rank

Dec 04, 2012

8.58

8.6%

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

6.65

6.7%

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
0.06 36.88 6.8 2.0