Delaware Ivy International Small Cap I
Name
As of 08/30/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.5%
1 yr return
3.7%
3 Yr Avg Return
3.6%
5 Yr Avg Return
2.5%
Net Assets
$30.5 M
Holdings in Top 10
23.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.40%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 47.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 08/30/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
IVJIX - Profile
Distributions
- YTD Total Return -0.5%
- 3 Yr Annualized Total Return 3.6%
- 5 Yr Annualized Total Return 2.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.96%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameDelaware Ivy International Small Cap Fund
-
Fund Family NameDelaware Funds by Macquarie
-
Inception DateJan 10, 2017
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJoseph Devine
Fund Description
Delaware Ivy International Small Cap Fund seeks to achieve its objective to provide capital growth and appreciation by investing, under normal circumstances, at least 80% of its net assets in common stocks of small-capitalization companies located throughout the world. The Fund considers small-cap market capitalization companies to be companies with market capitalizations within the range of companies in the MSCI ACWI ex USA Small Cap Index at the time of purchase. As of December 31, 2022, this range of market capitalizations was between $16.13 million and $6.86 billion. This range is subject to change with market fluctuations. The Fund may continue to hold securities of a company even if its current market cap later exceeds the market cap range of the MSCI ACWI ex USA Small Cap Index.
The Manager currently invests primarily in companies domiciled outside of the United States, although the Fund also may invest in companies located in emerging markets. The Fund also may invest in depositary receipts (e.g., American depositary receipts, European depositary receipts, and global depositary receipts) of foreign issuers. The Fund may invest up to 100% of its total assets in foreign securities, including securities denominated in currencies other than the US dollar.
The Fund may focus a portion of its investments in a particular sector or sectors of the economy. 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 additional foreign markets through investments in these companies, even if the Fund is not invested directly in such markets. Using a bottom-up approach, the Manager will seek to select securities of companies that it believes are undergoing positive fundamental change, which may lead to better-than-expected earnings growth. The Manager believes that the magnitude and duration of growth driven by positive fundamental change is often underestimated and that the shares of companies experiencing such a change typically will continue to experience relative price strength and continue to outperform the broader market. The Manager may sell a security if it no longer believes that the security is likely to contribute to meeting the investment objective of the Fund or if there are other opportunities that appear more attractive.
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.
IVJIX - Performance
Return Ranking - Trailing
Period | IVJIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -15.1% | 18.0% | 96.32% |
1 Yr | 3.7% | -16.1% | 18.8% | 90.44% |
3 Yr | 3.6%* | -23.7% | 0.4% | 22.22% |
5 Yr | 2.5%* | -13.3% | 3.9% | 61.02% |
10 Yr | N/A* | -10.8% | 4.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | IVJIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -33.1% | -46.4% | -21.4% | 61.48% |
2022 | -6.7% | -30.6% | 16.4% | 77.52% |
2021 | 14.1% | -1.5% | 62.8% | 68.22% |
2020 | 21.6% | 9.7% | 44.0% | 66.94% |
2019 | -20.3% | -51.1% | -3.5% | 38.98% |
Total Return Ranking - Trailing
Period | IVJIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -15.0% | 18.0% | 96.32% |
1 Yr | 3.7% | -16.0% | 18.8% | 90.44% |
3 Yr | 3.6%* | -23.5% | 3.3% | 22.22% |
5 Yr | 2.5%* | -8.2% | 6.2% | 61.02% |
10 Yr | N/A* | 1.4% | 8.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | IVJIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -25.6% | -46.4% | -18.5% | 28.89% |
2022 | 30.0% | -30.6% | 24.7% | 10.08% |
2021 | 14.7% | 1.6% | 68.3% | 79.07% |
2020 | 24.2% | 9.7% | 44.0% | 73.39% |
2019 | -18.8% | -31.8% | -3.2% | 61.02% |
NAV & Total Return History
IVJIX - Holdings
Concentration Analysis
IVJIX | Category Low | Category High | IVJIX % Rank | |
---|---|---|---|---|
Net Assets | 30.5 M | 1.52 M | 26.9 B | 81.43% |
Number of Holdings | 119 | 30 | 1618 | 37.14% |
Net Assets in Top 10 | 15.3 M | 398 K | 1.22 B | 74.29% |
Weighting of Top 10 | 23.02% | 5.3% | 48.4% | 47.14% |
Top 10 Holdings
- Uniphar PLC 5.06%
- Uniphar PLC 5.06%
- Uniphar PLC 5.06%
- Uniphar PLC 5.06%
- Uniphar PLC 5.06%
- Uniphar PLC 5.06%
- Uniphar PLC 5.06%
- Uniphar PLC 5.06%
- Uniphar PLC 5.06%
- Uniphar PLC 5.06%
Asset Allocation
Weighting | Return Low | Return High | IVJIX % Rank | |
---|---|---|---|---|
Stocks | 98.39% | 82.89% | 99.66% | 20.00% |
Cash | 1.61% | 0.00% | 17.11% | 72.14% |
Preferred Stocks | 0.00% | 0.00% | 0.67% | 35.71% |
Other | 0.00% | -0.34% | 1.87% | 40.71% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 34.29% |
Bonds | 0.00% | 0.00% | 0.13% | 35.71% |
IVJIX - Expenses
Operational Fees
IVJIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.40% | 0.01% | 22.37% | 49.23% |
Management Fee | 1.00% | 0.00% | 1.75% | 64.29% |
12b-1 Fee | N/A | 0.00% | 1.00% | 6.06% |
Administrative Fee | N/A | 0.05% | 0.26% | N/A |
Sales Fees
IVJIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
IVJIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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.
IVJIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 47.00% | 8.00% | 316.00% | 62.07% |
IVJIX - Distributions
Dividend Yield Analysis
IVJIX | Category Low | Category High | IVJIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 1.84% | 47.86% |
Dividend Distribution Analysis
IVJIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
IVJIX | Category Low | Category High | IVJIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.96% | -1.81% | 1.51% | 6.67% |
Capital Gain Distribution Analysis
IVJIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 10, 2020 | $0.081 | OrdinaryDividend |
Dec 12, 2019 | $0.260 | OrdinaryDividend |
Dec 13, 2018 | $0.176 | OrdinaryDividend |
IVJIX - Fund Manager Analysis
Managers
Joseph Devine
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
Joseph Devine, Senior Vice President, Chief Investment Officer - Global Ex-US Equity, joined Macquarie Investment Management (MIM) in March 2016 as head of the Global Ex-US Equity team. Previously, he worked at UBS Asset Management from July 2007 to February 2016, first as senior portfolio manager and then as head of the Global ex-US Growth Equities team. Prior to UBS, Devine worked at Nicholas-Applegate Capital Management from July 2005 to July 2007 as lead portfolio manager for the Emerging Markets and Pacific Rim portfolios of the International Growth team. Prior to that, he was an Asian equity analyst at Duncan-Hurst Capital Management. Devine was also responsible for the firm's Global Emerging Markets portfolio. He previously held trading positions at Peregrine Investment Holdings in the Philippines and Singapore, and at Credit Suisse First Boston in Hong Kong and Singapore. Devine earned a bachelor's degree at the University of Southern California and an MBA at the Marshall School of Business at the University of Southern California.
Stephan Maikkula
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
Vice President, Senior Portfolio Manager Stephan Maikkula joined Delaware Investments in March 2016 as a member of the Global Ex-U.S. Equity team. He is the lead portfolio manager for the firm’s International Small Cap Strategy. Previously, he worked at UBS Asset Management from July 2007 to February 2016 in various investment roles, leaving the firm as a portfolio manager on the Global ex-U.S. Growth Equities team. Prior to UBS, Maikkula worked at Nicholas-Applegate Capital Management as a generalist on the firm’s International Growth team, where he covered Europe. Previously, he was an analyst and portfolio manager with the Employees Retirement System of Texas. Prior to that, Maikkula was a portfolio manager for the MBA Investment Fund and an investment analyst intern at the Teacher Retirement System of Texas. He also worked for Cargill for six years in various commodity merchandising roles, providing fundamental and technical analysis of commodity markets. Maikkula earned a bachelor’s degree at St. John’s University and an MBA at the University of Texas at Austin. He is a member of the CFA Institute and the Market Technicians Association.
Gabriel Wallach
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
Gabriel Wallach Vice President, Portfolio Manager Gabriel Wallach joined Delaware Investments in August 2016 as a portfolio manager for the Global Ex-U.S. Equity team. Previously, Wallach was a portfolio manager at North Grove Capital, a company he founded in August 2014 focused on emerging markets equities. From April 2004 to May 2014, he was CIO, global emerging markets equities at BNP Paribas Investment Partners managing several strategies, including global emerging markets equities, frontier markets equities, and regional funds investing in Latin America, Asia, and Europe, the Middle East, and Africa (EMEA), respectively. Before that, Wallach worked at Baring Asset Management from 1997 to 2003, first as head of Latin American equities and leaving the firm as a senior portfolio manager with the U.S. Equity team. Previously, he was a senior analyst at Fiduciary Trust Company, where he primarily focused on Latin America. Wallach earned his bachelor’s degree in economics from Hampshire College.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.17 | 28.52 | 5.42 | 0.17 |