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Trending ETFs

Name

As of 03/26/2024

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

$3.49

$644 M

0.00%

2.18%

Vitals

YTD Return

8.7%

1 yr return

35.3%

3 Yr Avg Return

-7.0%

5 Yr Avg Return

5.1%

Net Assets

$644 M

Holdings in Top 10

55.1%

52 WEEK LOW AND HIGH

$3.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.18%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 40.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$750

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

$3.49

$644 M

0.00%

2.18%

IATCX - Profile

Distributions

  • YTD Total Return 8.7%
  • 3 Yr Annualized Total Return -7.0%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Delaware Ivy Accumulative Fund
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Feb 23, 2018
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    W. Alexander Ely

Fund Description

Delaware Ivy Accumulative Fund seeks to achieve its objective to provide capital growth and appreciation by investing primarily in a diversified portfolio of common stocks of US companies that Delaware Management Company (Manager) believes have long-term capital appreciation potential and are expected to grow faster than the US economy.

The Fund will invest primarily in growth-oriented companies. A stock has growth potential if, in the Manager’s opinion, the revenue, earnings, and/or cash flow of the company are likely to grow faster than the economy. The Fund will invest primarily in large- and medium-sized companies in any industry.

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 for the Fund in companies that it 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 in companies that it 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.

The Fund typically holds a limited number of stocks (generally 35 to 50), 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 Fund may invest in real estate investment trusts (REITs).

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.

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IATCX - Performance

Return Ranking - Trailing

Period IATCX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.7% -9.6% 28.7% 80.70%
1 Yr 35.3% -11.6% 75.4% 77.72%
3 Yr -7.0%* -26.6% 33.9% 97.10%
5 Yr 5.1%* -14.4% 30.8% 98.96%
10 Yr N/A* -5.3% 19.1% 99.33%

* Annualized

Return Ranking - Calendar

Period IATCX Return Category Return Low Category Return High Rank in Category (%)
2023 35.4% -74.1% 72.4% 40.21%
2022 -77.1% -85.9% 4.7% 99.65%
2021 -8.0% -52.4% 60.5% 85.50%
2020 34.4% -34.3% 145.0% 24.36%
2019 17.3% -21.8% 49.4% 87.02%

Total Return Ranking - Trailing

Period IATCX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.7% -9.6% 28.7% 80.70%
1 Yr 35.3% -11.6% 75.4% 77.72%
3 Yr -7.0%* -26.6% 33.9% 97.10%
5 Yr 5.1%* -14.4% 30.8% 98.96%
10 Yr N/A* -5.3% 19.1% 99.33%

* Annualized

Total Return Ranking - Calendar

Period IATCX Return Category Return Low Category Return High Rank in Category (%)
2023 35.4% -4.6% 72.4% 59.54%
2022 -50.6% -61.7% 5.6% 96.77%
2021 10.4% -39.8% 118.1% 88.42%
2020 42.9% 2.8% 149.2% 26.10%
2019 29.8% -5.2% 49.4% 77.60%

NAV & Total Return History


IATCX - Holdings

Concentration Analysis

IATCX Category Low Category High IATCX % Rank
Net Assets 644 M 242 K 222 B 63.45%
Number of Holdings 41 1 3217 76.98%
Net Assets in Top 10 345 M 104 K 111 B 59.78%
Weighting of Top 10 55.11% 0.7% 205.0% 27.47%

Top 10 Holdings

  1. Microsoft Corp 12.43%
  2. Apple Inc 7.01%
  3. Alphabet Inc 5.74%
  4. Amazon.com Inc 5.27%
  5. Visa Inc 4.95%
  6. NVIDIA Corp 4.82%
  7. UnitedHealth Group Inc 4.05%
  8. VeriSign Inc 3.69%
  9. CoStar Group Inc 3.66%
  10. Intuit Inc 3.49%

Asset Allocation

Weighting Return Low Return High IATCX % Rank
Stocks
100.11% 0.00% 130.05% 3.04%
Cash
0.00% -1.50% 173.52% 94.10%
Preferred Stocks
0.00% 0.00% 7.84% 58.35%
Other
0.00% -43.49% 59.52% 59.36%
Convertible Bonds
0.00% 0.00% 1.94% 51.52%
Bonds
0.00% 0.00% 104.15% 53.71%

Stock Sector Breakdown

Weighting Return Low Return High IATCX % Rank
Technology
40.07% 0.00% 65.70% 29.90%
Healthcare
24.23% 0.00% 39.76% 1.94%
Consumer Cyclical
21.90% 0.00% 62.57% 11.74%
Industrials
7.32% 0.00% 30.65% 36.99%
Communication Services
6.48% 0.00% 66.40% 82.09%
Utilities
0.00% 0.00% 16.07% 65.54%
Real Estate
0.00% 0.00% 16.05% 84.29%
Financial Services
0.00% 0.00% 43.06% 99.32%
Energy
0.00% 0.00% 41.09% 76.94%
Consumer Defense
0.00% 0.00% 25.50% 92.91%
Basic Materials
0.00% 0.00% 18.91% 86.57%

Stock Geographic Breakdown

Weighting Return Low Return High IATCX % Rank
US
100.11% 0.00% 130.05% 2.53%
Non US
0.00% 0.00% 78.10% 67.37%

IATCX - Expenses

Operational Fees

IATCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.18% 0.01% 19.54% 5.16%
Management Fee 0.70% 0.00% 1.50% 68.08%
12b-1 Fee 1.00% 0.00% 1.00% 89.42%
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

IATCX 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% 53.33%

Trading Fees

IATCX 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.

IATCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 0.00% 316.74% 59.35%

IATCX - Distributions

Dividend Yield Analysis

IATCX Category Low Category High IATCX % Rank
Dividend Yield 0.00% 0.00% 28.41% 72.30%

Dividend Distribution Analysis

IATCX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually SemiAnnual Annual

Net Income Ratio Analysis

IATCX Category Low Category High IATCX % Rank
Net Income Ratio -1.53% -6.13% 3.48% 97.07%

Capital Gain Distribution Analysis

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

Distributions History

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IATCX - Fund Manager Analysis

Managers

W. Alexander Ely


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

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 8.21 3.08