Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-43.6%
1 yr return
-41.5%
3 Yr Avg Return
-19.5%
5 Yr Avg Return
-7.3%
Net Assets
$50.4 M
Holdings in Top 10
100.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.27%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 36.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
IVTNX - Profile
Distributions
- YTD Total Return -43.6%
- 3 Yr Annualized Total Return -19.5%
- 5 Yr Annualized Total Return -7.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.82%
- Dividend Yield 4.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDelaware Ivy Managed International Opportunities Fund
-
Fund Family NameDelaware Funds by Macquarie
-
Inception DateJul 05, 2017
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAaron Young
Fund Description
Delaware Ivy Managed International Opportunities Fund is a “fund-of-funds” that seeks to achieve its objective by providing investors a diversified portfolio of international stocks by investing primarily in Class R6 shares of certain Delaware Funds global/international mutual funds, as identified below. Each underlying Delaware Fund, in turn, invests in a diversified portfolio of foreign equity securities of issuers in developed as well as emerging markets, and, to a lesser extent, in US equity securities.
The Board, based upon the recommendation of Delaware Management Company (Manager), the Fund's investment manager, has authorized the following target allocation ranges for investment of the Fund’s assets in specific underlying funds, although the Manager expects the allocation will change over time.
Underlying Fund | Maximum Allocation | Minimum Allocation |
Delaware Ivy Systematic Emerging Markets Equity Fund | 60% | 0% |
Delaware Global Value Equity Fund | 60% | 0% |
Delaware Ivy Global Growth Fund | 60% | 0% |
Delaware Ivy International Small Cap Fund | 60% | 0% |
Delaware Ivy International Core Equity Fund | 60% | 0% |
Delaware Ivy International Value Fund | 60% | 0% |
For the purposes of this section, a reference to the Manager may also include Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), with respect to its role as sub-advisor of the Fund.
The Manager monitors the Fund’s holdings and cash flow and, in general, manages them as needed in order to maintain the Fund’s target allocations. The Manager does not intend to trade actively among the underlying funds nor does it intend to attempt to capture short-term market opportunities. However, in seeking to enhance performance, the Manager may change allocations within the stated ranges. The Manager may modify the above-specified target asset allocations for the Fund and also may modify, from time to time, the underlying funds selected for the Fund. In addition, the percentage specified at the high end of the investment range for an underlying fund is a target, and from time to time, the Manager or market movements (or a combination of both) may cause the Fund’s investment in an underlying fund to temporarily exceed its target percentage.
By owning shares of the underlying funds, the Fund indirectly holds primarily equity securities of international, including emerging market and, to a lesser extent, US companies of any size.
In addition, 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.
IVTNX - Performance
Return Ranking - Trailing
Period | IVTNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -43.6% | -43.6% | 26.4% | 100.00% |
1 Yr | -41.5% | -42.0% | 17.0% | 100.00% |
3 Yr | -19.5%* | -19.9% | 44.3% | 100.00% |
5 Yr | -7.3%* | -34.7% | 74.7% | 99.83% |
10 Yr | N/A* | -2.3% | 15.9% | 64.86% |
* Annualized
Return Ranking - Calendar
Period | IVTNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.2% | -7.3% | 22.0% | 83.56% |
2022 | -30.4% | -43.6% | 71.3% | 97.89% |
2021 | 5.8% | -28.5% | 18.9% | 39.85% |
2020 | 13.6% | -90.1% | 992.1% | 22.59% |
2019 | 13.2% | -1.9% | 38.8% | 92.98% |
Total Return Ranking - Trailing
Period | IVTNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -43.6% | -43.6% | 26.4% | 100.00% |
1 Yr | -41.5% | -42.0% | 17.0% | 100.00% |
3 Yr | -19.5%* | -19.9% | 44.3% | 100.00% |
5 Yr | -7.3%* | -34.7% | 74.7% | 99.83% |
10 Yr | N/A* | -2.3% | 15.9% | 61.64% |
* Annualized
Total Return Ranking - Calendar
Period | IVTNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.2% | 3.2% | 41.4% | 81.78% |
2022 | -19.1% | -43.6% | 144.8% | 84.79% |
2021 | 8.7% | -22.6% | 56.0% | 66.31% |
2020 | 14.7% | -89.7% | 1010.8% | 24.01% |
2019 | 20.9% | 4.3% | 38.8% | 71.24% |
NAV & Total Return History
IVTNX - Holdings
Concentration Analysis
IVTNX | Category Low | Category High | IVTNX % Rank | |
---|---|---|---|---|
Net Assets | 50.4 M | 2.56 M | 425 B | 89.50% |
Number of Holdings | 7 | 1 | 10801 | 97.51% |
Net Assets in Top 10 | 64.3 M | 0 | 41 B | 70.72% |
Weighting of Top 10 | 100.69% | 2.7% | 112.8% | 0.89% |
Top 10 Holdings
- Delaware Ivy International Core Equity Fund 60.86%
- Delaware Ivy Systematic Emerging Markets Equity Fund 20.02%
- Delaware International Equity Fund II 19.31%
- Goldman Sachs Financial Square Government Fund 0.13%
- MSILF Government Portfolio 0.13%
- BlackRock Liquidity FedFund 0.13%
- Fidelity Government Portfolio 0.13%
Asset Allocation
Weighting | Return Low | Return High | IVTNX % Rank | |
---|---|---|---|---|
Stocks | 100.19% | 0.00% | 122.60% | 2.20% |
Cash | 0.50% | -22.43% | 100.00% | 83.60% |
Preferred Stocks | 0.00% | -0.01% | 7.80% | 81.99% |
Other | 0.00% | -2.97% | 43.01% | 80.97% |
Convertible Bonds | 0.00% | 0.00% | 4.18% | 67.84% |
Bonds | 0.00% | -1.67% | 71.30% | 71.16% |
Stock Sector Breakdown
Weighting | Return Low | Return High | IVTNX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 16.34% | 0.00% | 36.36% | 7.50% |
Consumer Defense | 14.51% | 0.00% | 32.29% | 8.10% |
Industrials | 12.75% | 5.17% | 99.49% | 69.72% |
Technology | 12.67% | 0.00% | 36.32% | 38.83% |
Financial Services | 12.32% | 0.00% | 47.75% | 91.75% |
Healthcare | 11.09% | 0.00% | 21.01% | 60.57% |
Communication Services | 7.50% | 0.00% | 21.69% | 26.99% |
Energy | 7.05% | 0.00% | 16.89% | 12.89% |
Basic Materials | 3.49% | 0.00% | 23.86% | 90.70% |
Real Estate | 1.30% | 0.00% | 14.59% | 63.72% |
Utilities | 0.98% | 0.00% | 13.68% | 76.46% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | IVTNX % Rank | |
---|---|---|---|---|
US | 100.19% | 0.00% | 103.55% | 0.88% |
Non US | 0.00% | 0.00% | 121.07% | 97.22% |
IVTNX - Expenses
Operational Fees
IVTNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.27% | 0.01% | 18.22% | 32.11% |
Management Fee | 0.05% | 0.00% | 1.65% | 6.45% |
12b-1 Fee | N/A | 0.00% | 1.00% | 14.36% |
Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
IVTNX 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% | 5.00% | N/A |
Trading Fees
IVTNX 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.
IVTNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 36.00% | 2.00% | 247.00% | 51.23% |
IVTNX - Distributions
Dividend Yield Analysis
IVTNX | Category Low | Category High | IVTNX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.75% | 0.00% | 25.71% | 5.83% |
Dividend Distribution Analysis
IVTNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
IVTNX | Category Low | Category High | IVTNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.82% | -0.93% | 6.38% | 41.83% |
Capital Gain Distribution Analysis
IVTNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.260 | OrdinaryDividend |
Dec 15, 2020 | $0.115 | OrdinaryDividend |
Dec 18, 2018 | $0.187 | OrdinaryDividend |
IVTNX - Fund Manager Analysis
Managers
Aaron Young
Start Date
Tenure
Tenure Rank
Oct 01, 2016
5.67
5.7%
Mr. Young is Vice President of IICO and WRIMCO and Vice President of the Trust. He joined IICO in 2005 as a fixed-income analyst with an emphasis in credit research and derivative securities. Mr. Young joined the Asset Strategy team as an investment analyst in 2007. He has served as an assistant portfolio manager of investment companies managed by IICO and WRIMCO since 2012. Mr. Young earned a BA in Philosophy from the University of Missouri and holds an MBA with an emphasis in Finance and Strategy from the Olin School of Business at Washington University
Jurgen Wurzer
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
Jürgen Wurzer rejoined Macquarie Investment Management Austria Kapitalanlage AG (MIMAK) in April 2018 as deputy head of portfolio management for the firm’s global multi asset team based in Vienna. Prior to that, he worked at Erste Asset Management as a senior fund manager on the multi asset management team, where he worked from September 2016 to March 2018. Wurzer previously worked at MIMAK from January 2007 to August 2016, leaving the firm as senior investment manager on the global multi asset team. He graduated from University of Applied Sciences Wiener Neustadt with a master’s degree. Wurzer is a lecturer for asset allocation, quantitative finance, portfolio, and risk management at several educational institutions.
Stefan Löwenthal
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
Stefan Löwenthal is the chief investment officer for Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), a role he assumed in February 2013. He heads the global multi asset team based in Vienna, which is responsible for all asset allocation and security selection decisions, the management of mutual funds, as well as the development of new investment strategies. In addition, Löwenthal oversees the investment policy committee, which is responsible for strategic investment decisions at MIMAK. He began his career with Macquarie in February 2008 as a portfolio manager. He holds a Master of Management Science from Vienna University of Economics and Business. Löwenthal is a lecturer for economics at the IMC University of applied sciences in Krems (Austria) and the Qiongzhou University in Sanya (China).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.35 | 6.25 | 3.25 |