Delaware Strategic Allocation A
Name
As of 03/10/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.6%
1 yr return
-20.4%
3 Yr Avg Return
0.9%
5 Yr Avg Return
-5.4%
Net Assets
$215 M
Holdings in Top 10
9.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.05%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 70.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/10/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DFBAX - Profile
Distributions
- YTD Total Return -1.6%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return -4.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.78%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDelaware Strategic Allocation Fund
-
Fund Family NameDelaware Funds by Macquarie
-
Inception DateDec 31, 1997
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJurgen Wurzer
Fund Description
The Fund seeks to achieve its objectives by investing in a combination of underlying securities representing a variety of asset classes and investment styles. In striving to meet its objectives, the Fund will typically target about 60% of its net assets in equity securities and equity equivalent securities (including derivatives and exchange-traded funds (ETFs)) and about 40% of its net assets in fixed income securities and fixed income equivalent securities (including derivatives and ETFs). Allocations for the Fund may vary within the ranges shown in the table below. The Fund may invest 10% to 60% of net assets in foreign securities, inclusive of up to 15% of net assets in emerging market securities. Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), one of the Fund’s sub-advisors, uses a dynamic asset-allocation framework to determine the proportion of the Fund’s assets that will be allocated to the various asset classes, based on the market assessment and portfolio risk contribution for such asset classes. The framework is intended to reduce riskier assets in times of market volatility and provide additional downside protection. Following are the strategic policy weights for the Fund’s net assets, as they may be invested in broad and narrow asset classes, and various investment styles, and the permitted range of variation around those weights.
Equity asset class: 60% policy weight (40-70% range)
•US equity asset class: 30% policy weight (10-40% range)
•International equity asset class: 22.5% policy weight (10-40% range)
•Global real estate equity asset class: 0% policy weight (0-15% range)
•Emerging markets asset class: 7.5% policy weight (0-15% range)
Fixed income asset class: 40% policy weight (30-60% range)
•Diversified fixed income asset class: 40% policy weight (30-60% range)
•Diversified fixed income: 38% policy weight (20-50% range)
•Money market/cash equivalents: 2% policy weight (0-15% range)
In connection with its dynamic asset-allocation framework, MIMAK will also manage a tactical / completion sleeve and such sleeve will typically vary from 0% to 20% of the Fund’s total assets and primarily hold derivatives and ETFs. If applicable, the derivatives and ETFs within the tactical / completion sleeve will also be counted towards the asset class ranges defined above.
The Fund may use a wide range of derivative instruments, typically including forward foreign currency contracts, options, futures contracts, options on futures contracts, and credit default swaps. The Fund will use derivatives for both hedging and non-hedging purposes; as a substitute for purchasing or selling securities; and to manage the Fund’s portfolio characteristics. For example, the Fund may invest in: futures and options to manage duration and for defensive purposes, such as to protect gains or hedge against potential losses in the portfolio without actually selling a security, or to stay fully invested; forward foreign currency contracts to manage foreign currency exposure; and credit default swaps to hedge against a credit event, to gain exposure to certain securities or markets, or to enhance total return.
As determined by MIMAK from time to time, Macquarie Investment Management Global Limited (MIMGL) is responsible for managing real estate investment trust securities and other equity asset classes to which MIMAK may allocate assets. In addition, MIMAK may seek investment advice and recommendations relating to fixed income securities from the Manager’s affiliates: Macquarie Investment Management Europe Limited (MIMEL) and MIMGL. MIMAK may also permit MIMGL and Macquarie Funds Management Hong Kong Limited (MFMHKL) to execute Fund equity security trades on behalf of MIMAK. MIMAK may also permit MIMEL and MIMGL to exercise investment discretion and perform trading for fixed income securities in certain markets where MIMAK believes it will be beneficial to utilize MIMEL’s or MIMGL’s specialized market knowledge, and MIMAK may also seek quantitative support from MIMGL.
Investment in the Fund does not in any way provide an indication of future performance or a guarantee of positive returns.
DFBAX - Performance
Return Ranking - Trailing
Period | DFBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.6% | -24.7% | 108.5% | 47.11% |
1 Yr | -20.4% | -24.4% | 116.0% | 86.15% |
3 Yr | 0.9%* | -7.8% | 25.3% | 77.83% |
5 Yr | -5.4%* | -9.9% | 22.9% | 89.29% |
10 Yr | -3.1%* | -5.4% | 8.4% | 96.23% |
* Annualized
Return Ranking - Calendar
Period | DFBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -23.1% | -39.0% | 92.4% | 87.74% |
2022 | -0.2% | -6.1% | 39.6% | 83.83% |
2021 | 2.5% | -21.9% | 14.5% | 49.85% |
2020 | 1.7% | -15.9% | 6.3% | 93.62% |
2019 | -2.6% | -12.6% | 61.5% | 62.75% |
Total Return Ranking - Trailing
Period | DFBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.6% | -24.7% | 108.5% | 47.24% |
1 Yr | -20.4% | -24.4% | 116.0% | 86.61% |
3 Yr | 0.9%* | -7.8% | 25.3% | 78.49% |
5 Yr | -4.4%* | -9.9% | 22.9% | 85.11% |
10 Yr | 0.8%* | -5.4% | 10.6% | 76.62% |
* Annualized
Total Return Ranking - Calendar
Period | DFBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -23.1% | -39.0% | 92.4% | 87.74% |
2022 | -0.2% | -6.1% | 39.6% | 83.83% |
2021 | 2.5% | -21.9% | 14.5% | 49.85% |
2020 | 1.7% | -11.5% | 6.3% | 93.62% |
2019 | -1.6% | -12.6% | 61.5% | 47.02% |
NAV & Total Return History
DFBAX - Holdings
Concentration Analysis
DFBAX | Category Low | Category High | DFBAX % Rank | |
---|---|---|---|---|
Net Assets | 215 M | 658 K | 207 B | 73.12% |
Number of Holdings | 988 | 2 | 15351 | 14.52% |
Net Assets in Top 10 | 20.4 M | -6.38 M | 48.5 B | 87.92% |
Weighting of Top 10 | 9.54% | 8.4% | 100.0% | 99.46% |
Top 10 Holdings
- 10 Year Treasury Note Future June 21 3.09%
- 10 Year Treasury Note Future June 21 3.09%
- 10 Year Treasury Note Future June 21 3.09%
- 10 Year Treasury Note Future June 21 3.09%
- 10 Year Treasury Note Future June 21 3.09%
- 10 Year Treasury Note Future June 21 3.09%
- 10 Year Treasury Note Future June 21 3.09%
- 10 Year Treasury Note Future June 21 3.09%
- 10 Year Treasury Note Future June 21 3.09%
- 10 Year Treasury Note Future June 21 3.09%
Asset Allocation
Weighting | Return Low | Return High | DFBAX % Rank | |
---|---|---|---|---|
Stocks | 63.49% | 0.00% | 99.40% | 24.55% |
Bonds | 35.11% | -82.31% | 116.75% | 44.34% |
Cash | 1.01% | -16.75% | 158.07% | 86.12% |
Convertible Bonds | 0.39% | 0.00% | 23.84% | 69.28% |
Preferred Stocks | 0.00% | 0.00% | 27.92% | 86.25% |
Other | 0.00% | -6.69% | 48.03% | 80.08% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DFBAX % Rank | |
---|---|---|---|---|
Technology | 20.33% | 0.00% | 48.68% | 42.40% |
Financial Services | 14.44% | 0.00% | 60.22% | 51.80% |
Healthcare | 13.45% | 0.00% | 39.78% | 57.47% |
Industrials | 11.73% | 0.00% | 33.21% | 26.80% |
Consumer Cyclical | 9.87% | 0.00% | 20.19% | 48.32% |
Communication Services | 8.37% | 0.00% | 100.00% | 24.61% |
Consumer Defense | 7.14% | 0.00% | 22.62% | 39.18% |
Basic Materials | 4.98% | 0.00% | 33.35% | 22.94% |
Energy | 4.66% | 0.00% | 85.65% | 53.09% |
Real Estate | 2.84% | 0.00% | 65.01% | 62.63% |
Utilities | 2.20% | 0.00% | 99.55% | 78.99% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DFBAX % Rank | |
---|---|---|---|---|
US | 34.20% | -1.65% | 98.67% | 86.89% |
Non US | 29.29% | -0.44% | 56.67% | 2.06% |
Bond Sector Breakdown
Weighting | Return Low | Return High | DFBAX % Rank | |
---|---|---|---|---|
Securitized | 37.65% | 0.00% | 92.13% | 5.66% |
Corporate | 27.27% | 0.00% | 98.21% | 62.98% |
Government | 19.30% | 0.00% | 97.26% | 66.97% |
Derivative | 13.58% | 0.00% | 31.93% | 3.47% |
Cash & Equivalents | 1.44% | 0.14% | 100.00% | 98.20% |
Municipal | 0.76% | 0.00% | 25.26% | 23.65% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DFBAX % Rank | |
---|---|---|---|---|
US | 28.22% | -82.31% | 80.50% | 57.71% |
Non US | 6.89% | 0.00% | 84.73% | 20.18% |
DFBAX - Expenses
Operational Fees
DFBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.05% | 0.06% | 7.62% | 41.27% |
Management Fee | 0.65% | 0.00% | 1.83% | 79.63% |
12b-1 Fee | 0.24% | 0.00% | 1.00% | 21.27% |
Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
DFBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 0.00% | 5.75% | 20.14% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
DFBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 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.
DFBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 70.00% | 0.00% | 343.00% | 75.32% |
DFBAX - Distributions
Dividend Yield Analysis
DFBAX | Category Low | Category High | DFBAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 11.31% | 19.37% |
Dividend Distribution Analysis
DFBAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
DFBAX | Category Low | Category High | DFBAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.78% | -2.34% | 19.41% | 68.62% |
Capital Gain Distribution Analysis
DFBAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 23, 2022 | $0.042 | OrdinaryDividend |
Jun 23, 2022 | $0.060 | OrdinaryDividend |
Mar 23, 2022 | $0.038 | OrdinaryDividend |
Sep 23, 2021 | $0.032 | OrdinaryDividend |
Mar 23, 2021 | $0.019 | OrdinaryDividend |
Sep 22, 2020 | $0.033 | OrdinaryDividend |
Jun 22, 2020 | $0.044 | OrdinaryDividend |
Mar 20, 2020 | $0.047 | OrdinaryDividend |
Dec 20, 2019 | $0.034 | OrdinaryDividend |
Sep 23, 2019 | $0.047 | OrdinaryDividend |
Mar 25, 2019 | $0.051 | OrdinaryDividend |
Sep 24, 2018 | $0.048 | OrdinaryDividend |
Mar 23, 2018 | $0.052 | OrdinaryDividend |
Sep 25, 2017 | $0.046 | OrdinaryDividend |
Mar 23, 2017 | $0.051 | OrdinaryDividend |
Sep 23, 2016 | $0.045 | OrdinaryDividend |
Mar 23, 2016 | $0.022 | OrdinaryDividend |
Dec 23, 2015 | $0.041 | OrdinaryDividend |
Sep 23, 2015 | $0.043 | OrdinaryDividend |
Mar 23, 2015 | $0.044 | OrdinaryDividend |
Sep 23, 2014 | $0.042 | OrdinaryDividend |
Jun 23, 2014 | $0.071 | OrdinaryDividend |
Mar 24, 2014 | $0.068 | OrdinaryDividend |
Sep 23, 2013 | $0.015 | OrdinaryDividend |
Jun 24, 2013 | $0.078 | OrdinaryDividend |
Mar 25, 2013 | $0.070 | OrdinaryDividend |
Dec 24, 2012 | $0.053 | OrdinaryDividend |
Sep 24, 2012 | $0.015 | OrdinaryDividend |
Jun 25, 2012 | $0.071 | OrdinaryDividend |
Mar 23, 2012 | $0.048 | OrdinaryDividend |
Dec 23, 2011 | $0.072 | OrdinaryDividend |
Sep 23, 2011 | $0.016 | OrdinaryDividend |
Jun 27, 2011 | $0.090 | OrdinaryDividend |
Mar 25, 2011 | $0.054 | OrdinaryDividend |
Sep 27, 2010 | $0.016 | OrdinaryDividend |
Jun 25, 2010 | $0.089 | OrdinaryDividend |
Mar 25, 2010 | $0.068 | OrdinaryDividend |
Dec 28, 2009 | $0.223 | OrdinaryDividend |
Dec 29, 2005 | $0.117 | OrdinaryDividend |
Dec 28, 2004 | $0.123 | OrdinaryDividend |
Dec 29, 2003 | $0.097 | OrdinaryDividend |
Dec 27, 2002 | $0.137 | OrdinaryDividend |
Dec 31, 2001 | $0.147 | OrdinaryDividend |
Dec 29, 2000 | $0.276 | OrdinaryDividend |
Jun 27, 2000 | $0.050 | OrdinaryDividend |
Mar 27, 2000 | $0.050 | OrdinaryDividend |
Dec 29, 1999 | $0.238 | OrdinaryDividend |
Sep 27, 1999 | $0.040 | OrdinaryDividend |
Jun 25, 1999 | $0.040 | OrdinaryDividend |
Mar 29, 1999 | $0.040 | OrdinaryDividend |
Dec 30, 1998 | $0.080 | OrdinaryDividend |
Sep 29, 1998 | $0.030 | OrdinaryDividend |
Jun 29, 1998 | $0.030 | OrdinaryDividend |
DFBAX - Fund Manager Analysis
Managers
Jurgen Wurzer
Start Date
Tenure
Tenure Rank
Jan 25, 2019
3.35
3.4%
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
Jan 25, 2019
3.35
3.4%
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).
Aaron Young
Start Date
Tenure
Tenure Rank
May 20, 2022
0.03
0.0%
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
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.03 | 34.51 | 6.26 | 2.41 |