DELAWARE SELECT GROWTH FUND
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.0%
1 yr return
24.5%
3 Yr Avg Return
-12.1%
5 Yr Avg Return
1.7%
Net Assets
$219 M
Holdings in Top 10
55.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.00%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 32.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DVECX - Profile
Distributions
- YTD Total Return 6.0%
- 3 Yr Annualized Total Return -12.1%
- 5 Yr Annualized Total Return 1.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.84%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameDELAWARE SELECT GROWTH FUND
-
Fund Family NameDelaware Funds by Macquarie
-
Inception DateJun 30, 1998
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerW. Alexander Ely
Fund Description
The Fund invests primarily in common stocks of companies that its Manager believes have long-term capital appreciation potential and are expected to grow faster than the US economy. The Manager will primarily invest in large- and medium-sized companies.
In selecting securities for the Fund, the Manager begins its investment process by screening companies based on profitability (capital returns and margins) and growth (sales and earnings), while simultaneously utilizing fundamental analysis to assess any unique business attributes that validate those financial characteristics. The Manager uses a bottom-up (researching individual issuers) strategy in selecting securities for the Fund. The Manager seeks to invest the Fund in companies that the Manager believes possess a structural competitive advantage or durable market leadership position. The Manager looks for companies which serve large addressable markets with a demonstrated ability to sustain unit growth and high profitability. The Manager also seeks to invest the Fund in companies that the Manager believes have improving growth prospects or improving levels of profitability and returns.
The Manager’s process for selecting stocks is based primarily on fundamental research, but does utilize quantitative analysis during the screening process. From a quantitative standpoint, the Manager concentrates on the level of profitability, capital intensity, cash flow and capital allocation measures, as well as earnings growth rates and valuations. The Manager’s fundamental research effort tries to identify those companies that it believes possess a sustainable competitive advantage, an important characteristic which typically enables a company to generate above-average levels of profitability and the ability to sustain growth over the long term.
Under normal circumstances, the Fund generally holds 35-50 stocks, although from time to time the Fund may hold more or fewer names depending on the Manager’s assessment of the investment opportunities available.
The Manager typically invests the Fund in a mix of different stocks, representing a wide array of industries and a mix of large- and medium-sized companies.
The Manager may permit its affiliate, Macquarie Investment Management Global Limited (MIMGL), to execute Fund security trades on behalf of the Manager. The Manager may also seek quantitative support from MIMGL.
DVECX - Performance
Return Ranking - Trailing
Period | DVECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.0% | -10.2% | 20.4% | 75.15% |
1 Yr | 24.5% | -22.2% | 66.3% | 81.10% |
3 Yr | -12.1%* | -29.7% | 22.3% | 97.71% |
5 Yr | 1.7%* | -16.2% | 27.8% | 99.62% |
10 Yr | 5.4%* | -5.6% | 18.7% | 99.38% |
* Annualized
Return Ranking - Calendar
Period | DVECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 35.8% | -74.1% | 72.4% | 39.19% |
2022 | -50.8% | -85.9% | 4.7% | 94.91% |
2021 | -10.9% | -52.4% | 60.5% | 88.90% |
2020 | -13.3% | -34.3% | 145.0% | 99.72% |
2019 | 10.9% | -21.8% | 49.4% | 94.31% |
Total Return Ranking - Trailing
Period | DVECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.0% | -10.2% | 20.4% | 75.15% |
1 Yr | 24.5% | -22.2% | 66.3% | 81.10% |
3 Yr | -12.1%* | -29.7% | 22.3% | 97.71% |
5 Yr | 1.7%* | -16.2% | 27.8% | 99.62% |
10 Yr | 5.4%* | -5.6% | 18.7% | 99.38% |
* Annualized
Total Return Ranking - Calendar
Period | DVECX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 35.8% | -4.6% | 72.4% | 57.61% |
2022 | -50.8% | -61.7% | 5.6% | 96.93% |
2021 | 2.4% | -39.8% | 118.1% | 96.00% |
2020 | 44.9% | 2.8% | 149.2% | 22.08% |
2019 | 26.5% | -5.2% | 49.4% | 93.53% |
NAV & Total Return History
DVECX - Holdings
Concentration Analysis
DVECX | Category Low | Category High | DVECX % Rank | |
---|---|---|---|---|
Net Assets | 219 M | 242 K | 269 B | 75.55% |
Number of Holdings | 37 | 1 | 3211 | 82.43% |
Net Assets in Top 10 | 116 M | 109 K | 111 B | 75.30% |
Weighting of Top 10 | 55.35% | 0.7% | 205.0% | 26.64% |
Top 10 Holdings
- Microsoft Corp 12.82%
- Apple Inc 6.56%
- NVIDIA Corp 5.85%
- Alphabet Inc 5.63%
- Amazon.com Inc 5.26%
- Visa Inc 5.07%
- UnitedHealth Group Inc 3.85%
- VeriSign Inc 3.46%
- Intuit Inc 3.44%
- CoStar Group Inc 3.41%
Asset Allocation
Weighting | Return Low | Return High | DVECX % Rank | |
---|---|---|---|---|
Stocks | 99.43% | 0.00% | 130.05% | 28.27% |
Cash | 0.57% | -1.50% | 173.52% | 67.74% |
Preferred Stocks | 0.00% | 0.00% | 7.84% | 63.84% |
Other | 0.00% | -43.49% | 50.04% | 64.86% |
Convertible Bonds | 0.00% | 0.00% | 1.94% | 57.99% |
Bonds | 0.00% | 0.00% | 104.29% | 60.44% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DVECX % Rank | |
---|---|---|---|---|
Technology | 39.28% | 0.00% | 65.70% | 33.33% |
Healthcare | 26.36% | 0.00% | 39.76% | 1.19% |
Consumer Cyclical | 24.30% | 0.00% | 62.57% | 6.89% |
Industrials | 7.62% | 0.00% | 30.65% | 31.72% |
Communication Services | 2.44% | 0.00% | 66.40% | 95.66% |
Utilities | 0.00% | 0.00% | 16.07% | 69.81% |
Real Estate | 0.00% | 0.00% | 16.05% | 86.48% |
Financial Services | 0.00% | 0.00% | 43.06% | 99.49% |
Energy | 0.00% | 0.00% | 41.09% | 79.68% |
Consumer Defense | 0.00% | 0.00% | 25.50% | 94.39% |
Basic Materials | 0.00% | 0.00% | 18.91% | 87.41% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DVECX % Rank | |
---|---|---|---|---|
US | 99.43% | 0.00% | 130.05% | 20.46% |
Non US | 0.00% | 0.00% | 78.10% | 70.88% |
DVECX - Expenses
Operational Fees
DVECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.00% | 0.01% | 28.71% | 7.32% |
Management Fee | 0.75% | 0.00% | 1.50% | 82.18% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 90.75% |
Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
DVECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 8.50% | N/A |
Deferred Load | 1.00% | 1.00% | 5.00% | 58.96% |
Trading Fees
DVECX 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.
DVECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 32.00% | 0.00% | 316.74% | 51.77% |
DVECX - Distributions
Dividend Yield Analysis
DVECX | Category Low | Category High | DVECX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 27.63% | 76.11% |
Dividend Distribution Analysis
DVECX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annual | Annual |
Net Income Ratio Analysis
DVECX | Category Low | Category High | DVECX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.84% | -6.13% | 3.48% | 99.05% |
Capital Gain Distribution Analysis
DVECX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 06, 2021 | $2.125 | OrdinaryDividend |
Dec 06, 2019 | $2.585 | OrdinaryDividend |
DVECX - Fund Manager Analysis
Managers
W. Alexander Ely
Start Date
Tenure
Tenure Rank
Jul 31, 2020
1.83
1.8%
Alex Ely Senior Vice President, Chief Investment Officer — Small/Mid-Cap Growth Equity Alex Ely joined Macquarie Investment Management (MIM) in February 2016 as part of the firm’s acquisition of Bennett Lawrence Management, LLC, a New York¬–based US growth equity manager. Prior to joining the firm as CIO of Small/Mid-Cap Growth Equity, he was portfolio manager and chief portfolio strategist at Bennett Lawrence. Ely joined Bennett Lawrence in 1997 as a portfolio analyst, and in 2002 he was promoted to portfolio manager. Before joining Bennett Lawrence, he was an equity product manager at Oppenheimer Management. From 1988 to 1989, he was a strategy clerk at the Boston Stock Exchange. Ely earned a bachelor’s degree in economics from the University of New Hampshire.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 54.45 | 8.22 | 2.92 |