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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$7.78

$456 M

3.25%

$0.25

0.64%

Vitals

YTD Return

0.9%

1 yr return

-4.5%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

-1.5%

Net Assets

$456 M

Holdings in Top 10

17.2%

52 WEEK LOW AND HIGH

$7.8
$7.60
$8.15

Expenses

OPERATING FEES

Expense Ratio 0.64%

SALES FEES

Front Load 2.75%

Deferred Load N/A

TRADING FEES

Turnover 205.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$7.78

$456 M

3.25%

$0.25

0.64%

DTRIX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return -1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.48%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Delaware Limited-Term Diversified Income Fund
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Nov 25, 1985
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Daniela Mardarovici

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 investment grade fixed income securities, including, but not limited to, fixed income securities issued or guaranteed by the US government, its agencies or instrumentalities, and by US corporations (80% policy). Investment grade fixed income securities are securities rated BBB- or higher by Standard & Poor’s Financial Services LLC (S&P) and Baa3 or higher by Moody’s Investors Service, Inc. (Moody’s), or similarly rated by another nationally recognized statistical rating organization (NRSRO), or those that are deemed to be of comparable quality. The Fund will maintain an average effective duration from one to three years. The Fund’s investment manager, Delaware Management Company (Manager), will determine how much of the Fund’s assets to allocate among the different types of fixed income securities in which the Fund may invest based on the Manager’s evaluation of economic and market conditions and its assessment of the returns and potential for appreciation that can be achieved from various sectors of the fixed income market.

The Manager may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), Macquarie Investment Management Europe Limited (MIMEL), and Macquarie Investment Management Global Limited (MIMGL) (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 the Manager believes it will be beneficial to utilize an Affiliated Sub-Advisor’s specialized market knowledge.

The corporate debt obligations in which the Fund may invest include bonds, notes, debentures, and commercial paper of US companies and, subject to the limitations described below, non-US companies. The Fund may also invest in a variety of securities that are issued or guaranteed as to the payment of principal and interest by the US government, and by various agencies or instrumentalities, which have been established or are sponsored by the US government, and, subject to the limitations described below, securities issued by foreign governments.

Additionally, the Fund may invest in mortgage-backed securities issued or guaranteed by the US government, its agencies or instrumentalities, government-sponsored corporations, and mortgage-backed securities issued by certain private, nongovernment entities. The Fund may also invest in securities that are backed by assets such as receivables on home equity and credit card loans, automobile, mobile home, recreational vehicle and other loans, wholesale dealer floor plans, and leases.

The Fund may invest up to 20% of its net assets in below-investment-grade securities (also known as high yield or “junk” bonds).

The Fund may also invest up to 30% of its net assets in foreign securities, including up to 10% of its net assets in securities of issuers located in emerging markets. The Fund’s total non-US dollar currency exposure will be limited, in the aggregate, to no more than 10% of its net assets.

The Fund may use a wide range of derivatives instruments, typically including options, futures contracts, options on futures contracts, forward foreign currency contracts, and swaps. The Fund will use derivatives for both hedging and nonhedging purposes. For example, the Fund may invest in: futures and options to manage duration and for defensive purposes, such as to protect gains or hedge against potential losses in the portfolio without actually selling a security, or to stay fully invested; forward foreign currency contracts to manage foreign currency exposure; interest rate swaps to neutralize the impact of interest rate changes; credit default swaps to hedge against a credit event, to gain exposure to certain securities or markets, or to enhance total return; and index swaps to enhance return or to effect diversification. The Fund will not use derivatives for reasons inconsistent with its investment objective and will limit its investments in derivatives instruments to 20% of its net assets.

The Fund’s 80% policy is nonfundamental and may be changed without shareholder approval. Fund shareholders would be given at least 60 days’ notice prior to any such change.

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DTRIX - Performance

Return Ranking - Trailing

Period DTRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -9.6% 7.0% 64.15%
1 Yr -4.5% -13.4% 0.1% 42.30%
3 Yr -2.2%* -6.4% 2.4% 58.14%
5 Yr -1.5%* -10.8% 3.5% 85.48%
10 Yr -1.2%* -12.1% 2.3% 84.71%

* Annualized

Return Ranking - Calendar

Period DTRIX Return Category Return Low Category Return High Rank in Category (%)
2022 -6.5% -17.7% 17.8% 41.78%
2021 -1.1% -20.8% 2.9% 82.25%
2020 0.7% -2.8% 4.6% 41.94%
2019 0.4% -50.6% 3.0% 68.75%
2018 -0.8% -3.7% 0.4% 98.36%

Total Return Ranking - Trailing

Period DTRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -9.6% 7.0% 68.34%
1 Yr -4.5% -13.4% 0.1% 41.62%
3 Yr -2.2%* -6.4% 2.4% 58.14%
5 Yr -1.5%* -8.3% 3.5% 86.71%
10 Yr -1.2%* -10.6% 2.3% 89.41%

* Annualized

Total Return Ranking - Calendar

Period DTRIX Return Category Return Low Category Return High Rank in Category (%)
2022 -6.5% -17.7% 17.7% 40.07%
2021 -1.1% -20.8% 2.9% 82.25%
2020 0.7% -2.8% 4.6% 42.12%
2019 0.4% -28.6% 3.0% 71.21%
2018 -0.8% -1.0% 4.2% 98.98%

NAV & Total Return History


DTRIX - Holdings

Concentration Analysis

DTRIX Category Low Category High DTRIX % Rank
Net Assets 456 M 5.81 M 70.5 B 65.67%
Number of Holdings 348 4 4919 61.46%
Net Assets in Top 10 79.6 M -23.9 M 9.45 B 68.27%
Weighting of Top 10 17.16% 1.7% 100.0% 67.43%

Top 10 Holdings

  1. United States Treasury Notes 0.25% 11.42%
  2. United States Treasury Notes 0.625% 11.08%
  3. United States Treasury Notes 0.38% 10.68%
  4. United States Treasury Notes 0.75% 10.11%
  5. United States Treasury Notes 0.375% 10.03%
  6. United States Treasury Notes 1% 9.74%
  7. United States Treasury Notes 0.375% 9.71%
  8. United States Treasury Notes 0.25% 9.02%
  9. United States Treasury Notes 0.875% 8.83%
  10. United States Treasury Notes 0.38% 8.44%

Asset Allocation

Weighting Return Low Return High DTRIX % Rank
Bonds
91.52% 0.00% 194.71% 63.62%
Cash
6.33% -102.46% 100.00% 21.93%
Convertible Bonds
2.15% 0.00% 27.71% 51.50%
Stocks
0.00% -0.66% 11.31% 35.71%
Preferred Stocks
0.00% 0.00% 25.64% 39.70%
Other
0.00% -2.59% 10.19% 24.58%

Bond Sector Breakdown

Weighting Return Low Return High DTRIX % Rank
Corporate
59.68% 0.00% 100.00% 18.60%
Securitized
24.70% 0.00% 97.27% 52.82%
Government
9.29% 0.00% 73.63% 69.93%
Cash & Equivalents
6.33% 0.00% 100.00% 31.06%
Derivative
0.00% 0.00% 45.97% 36.54%
Municipal
0.00% 0.00% 17.46% 58.64%

Bond Geographic Breakdown

Weighting Return Low Return High DTRIX % Rank
US
74.81% 0.00% 165.96% 74.42%
Non US
16.71% 0.00% 72.71% 23.92%

DTRIX - Expenses

Operational Fees

DTRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.02% 2.48% 45.01%
Management Fee 0.50% 0.00% 1.19% 88.06%
12b-1 Fee 0.25% 0.00% 1.00% 33.66%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

DTRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.75% 0.50% 5.75% 20.00%
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

DTRIX 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.

DTRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 205.00% 0.00% 500.00% 84.76%

DTRIX - Distributions

Dividend Yield Analysis

DTRIX Category Low Category High DTRIX % Rank
Dividend Yield 3.25% 0.00% 14.66% 27.36%

Dividend Distribution Analysis

DTRIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

DTRIX Category Low Category High DTRIX % Rank
Net Income Ratio 0.48% -1.27% 4.98% 84.86%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DTRIX - Fund Manager Analysis

Managers

Daniela Mardarovici


Start Date

Tenure

Tenure Rank

Sep 30, 2020

1.67

1.7%

Ms. Mardarovici joined Macquarie Investment Management (MIM) in March 2019 as Senior Vice President and co-head of the firm’s multisector and core plus strategies. Prior to joining the firm, she spent more than 13 years at BMO Global Asset Management as a senior portfolio manager. Since 2014, she was a member of the management committee of TCH, BMO’s US fixed income group, and helped lead business strategy and development efforts. Mardarovici was also responsible for driving investment strategy and managing institutional portfolios and mutual funds across a wide spectrum of strategies,

J. Hillmeyer


Start Date

Tenure

Tenure Rank

Sep 30, 2020

1.67

1.7%

J. David Hillmeyer is head of multisector/global fixed income in the Americas. He is co-portfolio manager for the fixed rate diversified multisector, core plus, and investment grade corporate bond strategies. Prior to joining Delaware Investments in August 2007 as a vice president and corporate bond trader, he worked for more than 11 years in various roles at Hartford Investment Management Company, including senior corporate bond trader, high yield portfolio manager / trader, and quantitative analyst. He began his career as an investment advisor in January 1989 at Shawmut Bank, leaving the firm as an investment officer in November 1995. Hillmeyer earned his bachelor’s degree from Colorado State University, and he is a member of the CFA Society of Philadelphia and the Philadelphia Council for Business Economics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.1 2.41