FSIFX: Delaware Strategic Income II Fund - MutualFunds.com

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First Investors Strategic Income A

FSIFX - Snapshot

Vitals

  • YTD Return 1.3%
  • 3 Yr Annualized Return 3.1%
  • 5 Yr Annualized Return 3.7%
  • Net Assets $99.2 M
  • Holdings in Top 10 17.4%

52 WEEK LOW AND HIGH

$9.52
$7.74
$9.57

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.59%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 40.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification


Compare FSIFX to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.75

0.00%

$125.18 B

5.67%

$0.67

-2.41%

1.09%

$10.10

0.00%

$32.57 B

3.48%

$0.35

1.30%

0.74%

$8.08

-0.12%

$18.31 B

4.03%

$0.33

-0.62%

0.79%

$9.76

-0.10%

$17.55 B

6.71%

$0.66

-8.96%

0.92%

$12.41

0.00%

$15.03 B

3.51%

$0.44

1.06%

0.97%

FSIFX - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.55%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Delaware Strategic Income II Fund
  • Fund Family Name
    First Investors
  • Inception Date
    Apr 03, 2013
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    J. Hillmeyer

Fund Description

Under normal circumstances, the fund's investment manager, Delaware Management Company (Manager), will invest at least 80% of the fund's net assets, plus the amount of any borrowings for investment purposes, in U.S. and foreign debt securities, including those in emerging markets (80% policy). The fund may invest up to 100% of its net assets in foreign securities, including emerging markets securities. Its total non-U.S. dollar currency exposure may reach 100% of net assets.


FSIFX - Performance

Return Ranking - Trailing

Period FSIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -38.9% 302.3% 32.95%
1 Yr 4.9% -30.9% 18.8% 25.28%
3 Yr 3.1%* -11.8% 8.1% 45.17%
5 Yr 3.7%* -15.5% 10.9% 55.36%
10 Yr N/A* -1.4% 11.8% N/A

* Annualized

Return Ranking - Calendar

Period FSIFX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -35.1% 15.3% 48.06%
2018 -5.4% -48.0% 3.1% 56.54%
2017 1.1% -14.8% 11.2% 62.11%
2016 2.3% -11.2% 10.7% 59.85%
2015 -6.0% -51.1% 4.8% 63.22%

Total Return Ranking - Trailing

Period FSIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -38.9% 302.3% 33.24%
1 Yr 0.2% -33.3% 18.8% 64.64%
3 Yr 1.6%* -13.6% 8.1% 74.17%
5 Yr 2.8%* -16.5% 10.9% 74.17%
10 Yr N/A* -1.4% 11.8% N/A

* Annualized

Total Return Ranking - Calendar

Period FSIFX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -35.1% 15.3% 49.46%
2018 -5.4% -48.0% 8.0% 67.91%
2017 1.1% -14.8% 15.2% 76.14%
2016 2.3% -11.2% 17.7% 72.20%
2015 -5.9% -51.1% 5.4% 71.15%

NAV & Total Return History


FSIFX - Holdings

Concentration Analysis

FSIFX Category Low Category High FSIFX % Rank
Net Assets 99.2 M 2.71 M 125 B 79.38%
Number of Holdings 197 3 7722 73.03%
Net Assets in Top 10 18 M -3.22 B 29.7 B 73.46%
Weighting of Top 10 17.40% 4.9% 100.0% 68.20%

Top 10 Holdings

  1. 10 Year Treasury Note Future Sept 20 3.47%
  2. 10 Year Treasury Note Future Sept 20 3.47%
  3. 10 Year Treasury Note Future Sept 20 3.47%
  4. 10 Year Treasury Note Future Sept 20 3.47%
  5. 10 Year Treasury Note Future Sept 20 3.47%
  6. 10 Year Treasury Note Future Sept 20 3.47%
  7. 10 Year Treasury Note Future Sept 20 3.47%
  8. 10 Year Treasury Note Future Sept 20 3.47%
  9. 10 Year Treasury Note Future Sept 20 3.47%
  10. 10 Year Treasury Note Future Sept 20 3.47%

Asset Allocation

Weighting Return Low Return High FSIFX % Rank
Bonds
93.61% -256.79% 258.37% 34.12%
Convertible Bonds
4.97% -0.08% 160.39% 16.85%
Cash
0.93% -164.01% 356.79% 77.53%
Preferred Stocks
0.52% 0.00% 28.52% 26.12%
Stocks
0.00% -65.68% 160.07% 68.52%
Other
-0.04% -14.86% 100.67% 90.87%

Bond Sector Breakdown

Weighting Return Low Return High FSIFX % Rank
Corporate
58.52% 0.00% 99.47% 21.91%
Securitized
29.22% 0.00% 98.82% 34.41%
Government
10.00% 0.00% 99.16% 52.39%
Cash & Equivalents
2.26% 0.00% 100.00% 88.06%
Derivative
0.00% 0.00% 68.51% 66.15%
Municipal
0.00% 0.00% 41.64% 51.40%

Bond Geographic Breakdown

Weighting Return Low Return High FSIFX % Rank
US
62.87% -256.79% 241.12% 59.83%
Non US
30.74% -23.27% 123.13% 26.12%

FSIFX - Expenses

Operational Fees

FSIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.01% 24.26% 91.85%
Management Fee 0.55% 0.00% 2.25% 31.91%
12b-1 Fee 0.25% 0.00% 1.00% 25.62%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

FSIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.00% 6.50% 22.76%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FSIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

FSIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 0.00% 493.00% 21.93%

FSIFX - Distributions

Dividend Yield Analysis

FSIFX Category Low Category High FSIFX % Rank
Dividend Yield 0.00% 0.00% 6.29% 27.47%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FSIFX Category Low Category High FSIFX % Rank
Net Income Ratio 3.55% -1.55% 18.14% 49.64%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FSIFX - Fund Manager Analysis

Managers

J. Hillmeyer


Start Date

Tenure

Tenure Rank

Oct 04, 2019

0.99

1.0%

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.

Daniela Mardarovici


Start Date

Tenure

Tenure Rank

Oct 04, 2019

0.99

1.0%

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,

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 29.4 5.45 1.53