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Trending ETFs

Name

As of 05/03/2024

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

$6.56

$193 M

1.17%

$0.08

1.30%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$193 M

Holdings in Top 10

30.6%

52 WEEK LOW AND HIGH

$6.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.30%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 34.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/03/2024

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

$6.56

$193 M

1.17%

$0.08

1.30%

FIISX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.94%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Delaware Global Equity Fund
  • Fund Family Name
    First Investors
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Gowlland

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities.The Fund invests in a portfolio of common stocks of companies that are located throughout the world, including the United States. The Fund may rely on the country where the issuer is incorporated, is headquartered or has its principal place of business in determining the location of an issuer. Additionally, in pursuing its investment strategies, the Fund may hold significant investments (25% or more of its assets) in a specific market sector, including the consumer staples sector. The Fund is a nondiversified fund.

Under normal circumstances, the Fund invests at least 40% (or, if the portfolio manager deems it warranted by market conditions, at least 30%) of its total assets in foreign securities. The Fund may invest up to 80% of its total assets in foreign securities, including securities denominated in currencies other than the US dollar. The Fund may invest up to 20% of its net assets in emerging markets securities.

The investment process is bottom-up, research-driven. The aim is to produce attractive risk-adjusted long-term returns by investing in understandable, quality businesses with mispriced earnings power. Understandable and quality businesses are reasonably straightforward and void of excessive complexity, excessive debt and relative margin instability. Mispricings occur when shorter term market fluctuations lead to a discount between a stock’s price and its fair value. Fair value is derived from such factors as the long term sales and future earnings potential of a business. Stock selection rests on an assessment of each company and its risk-return profile. Research is centered on understanding the nature and sustainability of how the company creates value, including the associated risks. Businesses identified as attractive are likely to display one or more of these favorable characteristics: solid earnings power and free cash flow generation, sustainable business models and competitive advantages, ability to reinvest at rates above the cost of capital, flexibility to restructure inefficiencies, potential to benefit from consolidation within their industries, and ability to gain market share from competitors.

Screening is a method used for idea generation. A typical screen may exclude stocks under a certain market cap and then further applying numerous valuation, quality and growth metrics hurdles that would effectively reduce the universe further. Survivors would become candidates for fundamental research whereas in-depth analysis occurs to ultimately determine the attractiveness of a stock for potential portfolio admission.

As an overlay to its bottom-up analysis, the Fund’s investment manager, Delaware Management Company (Manager), may consider factors such as the geographical economic environment, the political environment, regulatory policy, geopolitical risk and currency risk. Many of the companies in which the Fund may invest have diverse operations, with products or services in foreign markets. Therefore, the Fund may have indirect exposure to various foreign markets through investments in these companies, even if the Fund is not invested directly in such markets.

Generally, in determining whether to sell a security, the Manager uses the same type of analysis that it uses in buying securities. For example, the Manager may sell a security issued by a company if it believes the company has experienced a fundamental breakdown of its sustainable competitive advantage or no longer offers significant growth potential, if it believes the management of the company has weakened or its margin and/or its valuation appears unsustainable, if it believes there are macro-economic factors that override a company’s fundamentals, and/or there exists political or economic instability in the issuer’s country. The Manager also may sell a security to reduce the Fund’s holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash.

The Fund's 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.

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FIISX - Performance

Return Ranking - Trailing

Period FIISX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -35.6% 29.2% 83.89%
1 Yr N/A 17.3% 252.4% 97.27%
3 Yr N/A* -3.5% 34.6% 92.70%
5 Yr N/A* 0.1% 32.7% 81.21%
10 Yr N/A* -6.9% 18.3% 79.04%

* Annualized

Return Ranking - Calendar

Period FIISX Return Category Return Low Category Return High Rank in Category (%)
2023 12.1% -24.3% 957.1% 79.20%
2022 -13.4% -38.3% 47.1% 98.86%
2021 -5.5% -54.2% 0.6% 90.85%
2020 2.7% -76.0% 54.1% 73.06%
2019 4.0% -26.1% 47.8% 58.53%

Total Return Ranking - Trailing

Period FIISX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -35.6% 29.2% 84.23%
1 Yr N/A 11.4% 252.4% 99.55%
3 Yr N/A* -3.5% 34.6% 97.57%
5 Yr N/A* 0.1% 32.7% 88.72%
10 Yr N/A* -6.9% 18.3% 83.67%

* Annualized

Total Return Ranking - Calendar

Period FIISX Return Category Return Low Category Return High Rank in Category (%)
2023 14.2% -24.3% 957.1% 79.20%
2022 -13.4% -33.1% 47.1% 99.12%
2021 -5.5% -44.4% 1.8% 41.45%
2020 2.7% -6.5% 54.1% 41.00%
2019 8.6% -14.4% 47.8% 73.52%

NAV & Total Return History


FIISX - Holdings

Concentration Analysis

FIISX Category Low Category High FIISX % Rank
Net Assets 193 M 199 K 133 B 59.98%
Number of Holdings 56 1 9075 81.17%
Net Assets in Top 10 56.2 M -18 M 37.6 B 55.18%
Weighting of Top 10 30.57% 9.1% 100.0% 29.86%

Top 10 Holdings

  1. Microsoft Corp 4.82%
  2. Amazon.com Inc 3.72%
  3. Apple Inc 3.12%
  4. Costco Wholesale Corp 2.95%
  5. L'Oreal SA 2.93%
  6. Alphabet Inc 2.69%
  7. Casey's General Stores Inc 2.67%
  8. Alimentation Couche-Tard Inc 2.65%
  9. Taiwan Semiconductor Manufacturing Co Ltd 2.52%
  10. Nestle SA 2.51%

Asset Allocation

Weighting Return Low Return High FIISX % Rank
Stocks
98.23% 61.84% 125.47% 10.90%
Cash
1.77% -174.70% 23.12% 95.59%
Preferred Stocks
0.00% -0.01% 5.28% 78.63%
Other
0.00% -13.98% 19.14% 7.93%
Convertible Bonds
0.00% 0.00% 4.46% 76.65%
Bonds
0.00% -1.50% 161.67% 77.31%

Stock Sector Breakdown

Weighting Return Low Return High FIISX % Rank
Consumer Defense
39.83% 0.00% 73.28% 0.33%
Healthcare
25.19% 0.00% 35.42% 19.60%
Consumer Cyclical
12.54% 0.00% 40.94% 74.34%
Industrials
11.43% 0.00% 44.06% 13.00%
Basic Materials
4.03% 0.00% 38.60% 53.74%
Technology
3.15% 0.00% 49.87% 96.59%
Communication Services
2.54% 0.00% 57.66% 52.20%
Financial Services
1.20% 0.00% 38.42% 97.36%
Energy
0.04% 0.00% 21.15% 64.87%
Utilities
0.03% 0.00% 29.12% 68.61%
Real Estate
0.03% 0.00% 39.48% 74.01%

Stock Geographic Breakdown

Weighting Return Low Return High FIISX % Rank
US
63.17% 0.13% 103.82% 97.03%
Non US
35.05% 0.58% 99.46% 2.42%

FIISX - Expenses

Operational Fees

FIISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.30% 0.01% 44.27% 36.49%
Management Fee 0.85% 0.00% 1.82% 86.54%
12b-1 Fee 0.25% 0.00% 1.00% 46.78%
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

FIISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 29.60%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FIISX 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.

FIISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 34.00% 0.00% 395.00% 94.72%

FIISX - Distributions

Dividend Yield Analysis

FIISX Category Low Category High FIISX % Rank
Dividend Yield 1.17% 0.00% 3.26% 76.59%

Dividend Distribution Analysis

FIISX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

FIISX Category Low Category High FIISX % Rank
Net Income Ratio 0.94% -4.27% 12.65% 46.48%

Capital Gain Distribution Analysis

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

Distributions History

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FIISX - Fund Manager Analysis

Managers

Christopher Gowlland


Start Date

Tenure

Tenure Rank

Oct 04, 2019

2.66

2.7%

Chris Gowlland is the head of equity quantitative research, a role he assumed in July 2019. As part of his role, he also serves as portfolio manager for certain portfolios managed by the Global Equity team and for several different strategies in multi-asset class offerings of Delaware Management Company. Previously, he was a senior quantitative analyst for the firm's equity department. Prior to joining Macquarie Investment Management in May 2007, he spent seven years working in fundamental equity research and corporate finance for Morgan Stanley and Commerzbank Securities, followed by two years as a quantitative strategist at Morgan Stanley and at State Street Global Markets. Gowlland holds a bachelor's degree in Chinese and Spanish from the University of Leeds (U.K.), a master's degree in development studies from Brown University, and another master's degree in international management from Thunderbird. He also spent several years in a Ph.D. program in political economy at Harvard University. Gowlland is a member of the CFA Institute, the CFA Society New York, the CFA Society of Philadelphia, and the Society of Quantitative Analysts.

Klaus Petersen


Start Date

Tenure

Tenure Rank

Oct 04, 2019

2.66

2.7%

Klaus Petersen is a portfolio manager for the firm’s Global Equity team. He joined Macquarie Investment Management (MIM) in June 2018. Petersen has been a portfolio manager since 2006. Previously, he worked for ATP, Denmark’s largest pension fund, beginning in 1999 as a senior portfolio manager and later in the role as team leader of the technology, media, and telecommunications team. He joined Codan Bank in 1996, first as a senior sales analyst and later as a senior portfolio manager.

Åsa Annerstedt


Start Date

Tenure

Tenure Rank

Oct 04, 2019

2.66

2.7%

Åsa Annerstedt is a portfolio manager for the firm’s Global Equity team. She joined Macquarie Investment Management (MIM) in June 2018. Annerstedt has been a portfolio manager since 2013. Prior to that, she was a member of the investment committee of a European Union fund dedicated to the financing of companies. Between 1999 and 2009, she managed award-winning European Small Cap and Global Equity portfolios at SEB Asset Management in Denmark. She started her career in 1996 as a business controller and consultant in Sweden. Annerstedt attended Ecole Supérieur de Commerce in Paris and Marseille and earned a master’s degree in finance and international trade from Lund University in Sweden.

Jens Hansen


Start Date

Tenure

Tenure Rank

Oct 04, 2019

2.66

2.7%

Jens Hansen heads the firm’s Global Equity team and is a portfolio manager for the team’s strategies. He joined Macquarie Investment Management (MIM) in June 2018. Hansen has been a portfolio manager since 2001. Hansen started his career in 1982 with Spar Nord Bank, where he worked as an analyst and trader of bonds, equities, and derivatives. In 1994, he joined Nykredit Bank, where he worked as a bond trader. He attended the Aarhus School of Business where he gained a graduate diploma in business administration within finance and international trade.

Claus Juul


Start Date

Tenure

Tenure Rank

Oct 04, 2019

2.66

2.7%

Claus Juul is a portfolio manager for the firm’s Global Equity team. He joined Macquarie Investment Management (MIM) in June 2018. Juul has been a portfolio manager since 2004. Prior to that, he was an equity analyst at Spar Nord Bank before becoming vice president of the research department in 2001. He started his career in 1998 with Sydbank as an equity analyst. He attended the Aarhus School of Business where he gained a master’s degree in economics and business administration.

Allan Jensen


Start Date

Tenure

Tenure Rank

May 19, 2020

2.03

2.0%

Allan Saustrup Jensen joined Macquarie Investment Management (MIM) in May 2020 as a portfolio manager for the firm’s Global Equity team. He has more than 20 years of experience in the asset management industry. Prior to joining MIM, he spent five years at European Capital Partners as a fund manager. From 2010 to 2015, Jensen was a trader at European Value Partners. Prior to that, he spent four years at UBS Wealth Management as a portfolio manager. He began his investment career at Nordea Bank. Jensen attended Copenhagen Business School where he earned a Graduate Diploma in finance.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25