DTRIX: Delaware Limited-Term Diversified Income Fund - MutualFunds.com

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Delaware Limited-Term Diversified Inc A

DTRIX - Snapshot

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return 2.2%
  • 5 Yr Annualized Return 2.1%
  • Net Assets $446 M
  • Holdings in Top 10 32.1%

52 WEEK LOW AND HIGH

$8.42
$7.95
$8.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.96%

SALES FEES

  • Front Load 2.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 123.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Compare DTRIX to Popular U.S. Short-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.00

+0.09%

$67.93 B

2.37%

$0.26

2.52%

0.20%

$82.84

+0.02%

$59.81 B

1.90%

$1.57

2.77%

0.05%

$10.86

0.00%

$59.81 B

-

$0.02

2.74%

0.15%

$4.19

0.00%

$55.37 B

2.99%

$0.13

-0.48%

0.60%

$82.96

-0.04%

$40.61 B

2.43%

$2.01

2.38%

0.05%

DTRIX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.58%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    Brian McDonnell

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 U.S. government, its agencies or instrumentalities, and by U.S. corporations. The fund may invest up to 20% of its net assets in below-investment-grade securities.


DTRIX - Performance

Return Ranking - Trailing

Period DTRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -8.5% 206.3% 45.44%
1 Yr 3.1% -5.2% 7.1% 52.46%
3 Yr 2.2%* -0.7% 4.6% 82.33%
5 Yr 2.1%* -0.8% 5.0% 63.29%
10 Yr 1.6%* 0.2% 4.2% 72.75%

* Annualized

Return Ranking - Calendar

Period DTRIX Return Category Return Low Category Return High Rank in Category (%)
2019 1.6% -2.4% 5.0% 69.34%
2018 -3.8% -50.6% 1.0% 98.84%
2017 -0.2% -1.6% 2.8% 65.54%
2016 0.6% -65.8% 7.1% 30.36%
2015 -1.1% -75.0% 3.0% 52.14%

Total Return Ranking - Trailing

Period DTRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -8.5% 206.3% 45.44%
1 Yr 0.3% -6.8% 7.1% 90.15%
3 Yr 1.2%* -0.7% 4.6% 96.36%
5 Yr 1.6%* -0.8% 5.0% 85.09%
10 Yr 1.3%* 0.2% 4.2% 81.27%

* Annualized

Total Return Ranking - Calendar

Period DTRIX Return Category Return Low Category Return High Rank in Category (%)
2019 1.6% -2.3% 7.2% 70.94%
2018 -3.8% -4.2% 6.5% 99.42%
2017 -0.2% -1.6% 5.9% 69.13%
2016 0.6% -65.2% 10.7% 41.52%
2015 -1.1% -7.0% 3.5% 60.48%

NAV & Total Return History


DTRIX - Holdings

Concentration Analysis

DTRIX Category Low Category High DTRIX % Rank
Net Assets 446 M 4.48 M 67.9 B 61.94%
Number of Holdings 351 3 4826 59.40%
Net Assets in Top 10 143 M -168 M 7.13 B 58.56%
Weighting of Top 10 32.12% 2.4% 100.0% 30.97%

Top 10 Holdings

  1. United States Treasury Notes 0.16% 12.57%
  2. United States Treasury Notes 0.62% 6.50%
  3. United States Treasury Notes 0.38% 6.12%
  4. United States Treasury Notes 0.25% 5.30%
  5. United States Treasury Notes 0.62% 4.47%
  6. US Treasury Note 0.25% 4.15%
  7. United States Treasury Notes 0.26% 3.20%
  8. United States Treasury Notes 0.22% 2.05%
  9. Citibank Credit Card Issuance Trust 0.49% 1.85%
  10. Chase Issuance Trust 0.71% 1.53%

Asset Allocation

Weighting Return Low Return High DTRIX % Rank
Bonds
90.58% 0.00% 177.64% 76.68%
Cash
8.20% -80.64% 100.00% 17.79%
Convertible Bonds
2.59% 0.00% 32.87% 31.38%
Stocks
0.00% 0.00% 6.71% 22.48%
Preferred Stocks
0.00% 0.00% 51.61% 29.70%
Other
-1.38% -2.01% 20.06% 98.99%

Bond Sector Breakdown

Weighting Return Low Return High DTRIX % Rank
Corporate
38.35% 0.00% 100.00% 51.85%
Securitized
28.69% 0.00% 90.75% 51.17%
Government
24.91% 0.00% 78.98% 33.89%
Cash & Equivalents
8.05% 0.00% 100.00% 32.55%
Derivative
0.00% 0.00% 27.60% 29.87%
Municipal
0.00% 0.00% 17.16% 61.24%

Bond Geographic Breakdown

Weighting Return Low Return High DTRIX % Rank
US
79.08% 0.00% 144.19% 57.72%
Non US
11.50% -22.36% 78.41% 53.36%

DTRIX - Expenses

Operational Fees

DTRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.01% 34.57% 34.49%
Management Fee 0.50% 0.00% 1.19% 86.64%
12b-1 Fee 0.25% 0.00% 1.00% 30.43%
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% 1.00% 5.75% 15.56%
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 123.00% 0.00% 496.37% 76.18%

DTRIX - Distributions

Dividend Yield Analysis

DTRIX Category Low Category High DTRIX % Rank
Dividend Yield 0.00% 0.00% 3.56% 20.70%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DTRIX Category Low Category High DTRIX % Rank
Net Income Ratio 2.58% -9.96% 4.42% 27.72%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

DTRIX - Fund Manager Analysis

Managers

Brian McDonnell


Start Date

Tenure

Tenure Rank

Apr 29, 2012

8.51

8.5%

Senior Vice President, Senior Portfolio Manager, Senior Structured Products Analyst Brian C. McDonnell is a member of the firm's taxable fixed income portfolio management team with primary responsibility for portfolio construction and strategic asset allocation. He also serves as lead analyst for residential mortgage-backed securities. He joined Macquarie Investment Management (MIM), which includes the former Delaware Investments, in March 2007 as a vice president and senior structured products analyst/trader, assuming portfolio management responsibilities in 2009. Prior to joining Delaware Investments, he was a managing director and head of fixed income trading at Sovereign Securities, where he was responsible for risk management and hedging of the firm’s holdings. Earlier in his career, he spent more than 10 years in various fixed income capacities with Prudential Securities in New York. McDonnell has a bachelor’s degree in finance from Boston College, and he is a member of the CFA Society of Philadelphia.

Daniela Mardarovici


Start Date

Tenure

Tenure Rank

Sep 30, 2020

0.08

0.1%

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

0.08

0.1%

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
0.04 27.75 5.89 0.83