Delaware Ivy International Core Eq E
Name
As of 06/10/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-15.1%
1 yr return
-11.5%
3 Yr Avg Return
7.1%
5 Yr Avg Return
2.7%
Net Assets
$1.68 B
Holdings in Top 10
22.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.17%
SALES FEES
Front Load 2.50%
Deferred Load N/A
TRADING FEES
Turnover 71.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/10/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
IICEX - Profile
Distributions
- YTD Total Return -15.1%
- 3 Yr Annualized Total Return 6.2%
- 5 Yr Annualized Total Return 2.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.91%
- Dividend Yield 2.9%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameDelaware Ivy International Core Equity Fund
-
Fund Family NameDelaware Funds by Macquarie
-
Inception DateApr 02, 2007
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerCharles John
Fund Description
Delaware Ivy International Core Equity Fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities. Such companies primarily will be located in, or principally traded in, developed European and Asian/Pacific Basin markets. In seeking to enhance potential return, the Fund also may invest in issuers located or doing business in emerging market countries, which generally will include the more developed of the emerging market countries. The Fund also may invest in depositary receipts of foreign issuers.
The Manager believes that there are often dislocations and valuation discrepancies in the international financial markets and, therefore, it seeks to find and invest in what it believes are mispriced countries, sectors, currencies, and, ultimately, stocks with attractive valuations relative to their potential and to their global peer group. The Manager uses a disciplined approach while looking for investment opportunities around the world, preferring companies that it believes to have strong and growing competitive positions and reasonable valuations.
The Manager begins its investment process by establishing a top-down global macro view which is built by constantly assessing developments in global gross domestic product, business and product cycles, foreign exchange, relative valuations and politics around the world. It then overlays its long-term investment themes on top of the macro view in an effort to identify sectors, countries and currencies that the Manager believes will benefit under its macro view. The Manager next follows a bottom-up approach to its stock selection and evaluates individual companies based on various factors, including: free cash flow, sales growth, financial leverage, and return on invested capital along with various valuation metrics. The Manager uses various data and screening services as part of its stock-selection process, primarily to assess return on invested capital and relative valuation.
Although the Fund primarily invests in securities issued by large-capitalization companies (typically, companies with capitalizations of at least $10 billion at the time of acquisition), it may invest in securities issued by companies of any size. The Fund may invest up to 100% of its total assets in foreign securities. In an effort to manage foreign currency exposure, the Fund may use forward contracts to either increase or decrease exposure to a given currency.
Generally, in determining whether to sell a security, the Manager uses the same type of analysis that it uses in buying securities of that type. For example, the Manager may sell a security if it had a change in its top-down view, if it believes the security no longer offers significant return potential, if there exists political or economic instability in the issuer’s country, if it believes the security is showing signs of deteriorating fundamentals, if there is weak cash flow to support shareholder returns, and/or if there is a change in the Manager’s macroeconomic perspective. 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 Manager may permit its affiliates, Macquarie Investment Management Global Limited (MIMGL) and Macquarie Funds Management Hong Kong Limited, to execute Fund security trades on behalf of the Manager. The Manager may also seek quantitative support from MIMGL.
IICEX - Performance
Return Ranking - Trailing
Period | IICEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -15.1% | -46.6% | 132.7% | 18.77% |
1 Yr | -11.5% | -37.6% | 32.3% | 43.95% |
3 Yr | 7.1%* | -20.2% | 14.5% | 39.24% |
5 Yr | 2.7%* | -13.2% | 9.3% | 84.95% |
10 Yr | 6.8%* | 2.1% | 10.7% | 45.92% |
* Annualized
Return Ranking - Calendar
Period | IICEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.3% | -29.1% | 19.9% | 4.26% |
2022 | 6.0% | -39.9% | 992.1% | 67.13% |
2021 | 15.6% | -21.3% | 38.8% | 85.69% |
2020 | -24.7% | -50.2% | 0.0% | 87.05% |
2019 | 21.5% | -2.4% | 38.4% | 70.89% |
Total Return Ranking - Trailing
Period | IICEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -15.1% | -46.6% | 132.7% | 10.60% |
1 Yr | -13.7% | -38.0% | 32.2% | 63.12% |
3 Yr | 6.2%* | -20.2% | 14.5% | 59.25% |
5 Yr | 2.2%* | -13.2% | 9.3% | 87.97% |
10 Yr | 6.5%* | 0.5% | 10.7% | 55.83% |
* Annualized
Total Return Ranking - Calendar
Period | IICEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.3% | -29.1% | 19.9% | 4.26% |
2022 | 6.0% | -39.9% | 992.1% | 67.13% |
2021 | 15.6% | -21.3% | 38.8% | 85.69% |
2020 | -17.9% | -50.2% | 0.0% | 57.19% |
2019 | 22.7% | -0.1% | 38.4% | 78.25% |
NAV & Total Return History
IICEX - Holdings
Concentration Analysis
IICEX | Category Low | Category High | IICEX % Rank | |
---|---|---|---|---|
Net Assets | 1.68 B | 1.02 M | 369 B | 29.66% |
Number of Holdings | 78 | 1 | 10801 | 67.04% |
Net Assets in Top 10 | 412 M | 0 | 34.5 B | 27.16% |
Weighting of Top 10 | 22.89% | 1.6% | 100.0% | 52.34% |
Top 10 Holdings
- Merck KGaA 3.00%
- Merck KGaA 3.00%
- Merck KGaA 3.00%
- Merck KGaA 3.00%
- Merck KGaA 3.00%
- Merck KGaA 3.00%
- Merck KGaA 3.00%
- Merck KGaA 3.00%
- Merck KGaA 3.00%
- Merck KGaA 3.00%
Asset Allocation
Weighting | Return Low | Return High | IICEX % Rank | |
---|---|---|---|---|
Stocks | 98.86% | 0.00% | 122.60% | 37.73% |
Cash | 1.14% | -65.15% | 100.00% | 58.64% |
Preferred Stocks | 0.00% | 0.00% | 1.87% | 53.70% |
Other | 0.00% | -16.47% | 17.36% | 68.15% |
Convertible Bonds | 0.00% | 0.00% | 4.18% | 49.63% |
Bonds | 0.00% | -10.79% | 71.30% | 54.25% |
Stock Sector Breakdown
Weighting | Return Low | Return High | IICEX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 17.34% | 0.00% | 36.36% | 4.40% |
Financial Services | 16.87% | 0.00% | 47.75% | 59.92% |
Industrials | 16.77% | 4.32% | 99.49% | 21.86% |
Technology | 11.28% | 0.00% | 36.32% | 55.03% |
Healthcare | 11.08% | 0.00% | 21.35% | 61.81% |
Energy | 10.77% | 0.00% | 16.89% | 1.51% |
Consumer Defense | 8.16% | 0.00% | 32.29% | 70.85% |
Communication Services | 3.43% | 0.00% | 21.69% | 88.57% |
Basic Materials | 2.31% | 0.00% | 23.86% | 94.60% |
Utilities | 2.00% | 0.00% | 33.27% | 65.83% |
Real Estate | 0.00% | 0.00% | 14.59% | 86.18% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | IICEX % Rank | |
---|---|---|---|---|
Non US | 95.63% | 0.00% | 133.15% | 48.89% |
US | 3.23% | -31.34% | 68.98% | 29.75% |
IICEX - Expenses
Operational Fees
IICEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.17% | 0.01% | 4.40% | 27.45% |
Management Fee | 0.83% | 0.00% | 1.60% | 84.40% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 39.55% |
Administrative Fee | N/A | 0.01% | 1.00% | 9.43% |
Sales Fees
IICEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 2.50% | 0.00% | 5.75% | 85.22% |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
IICEX 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.
IICEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 71.00% | 0.00% | 247.00% | 79.82% |
IICEX - Distributions
Dividend Yield Analysis
IICEX | Category Low | Category High | IICEX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.90% | 0.00% | 16.94% | 25.77% |
Dividend Distribution Analysis
IICEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
IICEX | Category Low | Category High | IICEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.91% | -1.40% | 6.38% | 77.21% |
Capital Gain Distribution Analysis
IICEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 16, 2021 | $0.515 | OrdinaryDividend |
Dec 10, 2020 | $0.190 | OrdinaryDividend |
Dec 12, 2019 | $0.419 | OrdinaryDividend |
Dec 13, 2018 | $0.033 | OrdinaryDividend |
Oct 31, 2018 | $0.315 | OrdinaryDividend |
Dec 14, 2017 | $0.196 | OrdinaryDividend |
Dec 08, 2016 | $0.254 | OrdinaryDividend |
Dec 10, 2015 | $0.106 | OrdinaryDividend |
Dec 11, 2014 | $0.200 | OrdinaryDividend |
Dec 12, 2013 | $0.334 | OrdinaryDividend |
Dec 13, 2012 | $0.211 | OrdinaryDividend |
Dec 09, 2010 | $0.149 | OrdinaryDividend |
Dec 10, 2009 | $0.123 | OrdinaryDividend |
Dec 11, 2008 | $0.093 | OrdinaryDividend |
IICEX - Fund Manager Analysis
Managers
Charles John
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
Charles John works at Ivy Investments, Waddell & Reed as a Global Equity Investment Analyst responsible for investment opportunities in the Semiconductor, Semiconductor Equipment and Communications Equipment Sectors across all market cap ranges and serves as a portfolio manager for the International Core Equity.
Aditya Kapoor
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
Mr. Kapoor joined Ivy Investment Management Company in 2008 as an equity investment analyst. He has served as Assistant Vice President and assistant portfolio manager for other investment companies managed by IICO since 2013. He earned a Bachelor of Technology in Production and Industrial Engineering from the Indian Institute of Technology (IIT-Delhi), and holds an MBA from The Johnson School at Cornell University. Mr. Kapoor is a Chartered Financial Analyst.
F. Chace Brundige
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
Mr. Brundige joined Ivy Investment Management Company as an assistant portfolio manager for the Large Cap Growth equity team, and became a portfolio manager in Feb. 2006. He is Senior Vice President of IICO, Vice President of the Trust, and Vice President of and portfolio manager for other investment companies for which IICO serves as investment manager. Mr. Brundige holds a BS degree in Finance from Kansas State University, and has earned an MBA with an emphasis in Finance and Accounting from the University of Chicago Graduate School of Business. Mr. Brundige is a Chartered Financial Analyst.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.35 | 5.83 | 0.41 |