Delaware High-Yield Opportunities B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
10.8%
3 Yr Avg Return
10.6%
5 Yr Avg Return
11.5%
Net Assets
$672 M
Holdings in Top 10
11.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.86%
SALES FEES
Front Load N/A
Deferred Load 4.00%
TRADING FEES
Turnover 88.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DHOBX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 10.0%
- 5 Yr Annualized Total Return 11.3%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 5.63%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDelaware High Yield Opportunities Fund
-
Fund Family NameDelaware Investments
-
Inception DateFeb 17, 1998
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerThomas H. Chow
Fund Description
DHOBX - Performance
Return Ranking - Trailing
Period | DHOBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 0.2% | 15.0% | N/A |
1 Yr | 10.8% | -15.4% | 4.3% | N/A |
3 Yr | 10.6%* | -2.3% | 5.6% | N/A |
5 Yr | 11.5%* | -8.3% | 1.7% | N/A |
10 Yr | 7.6%* | -5.0% | 4.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | DHOBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -23.1% | -0.4% | N/A |
2022 | N/A | -9.5% | 28.5% | N/A |
2021 | N/A | -3.5% | 28.6% | N/A |
2020 | N/A | -34.3% | 1.0% | N/A |
2019 | N/A | -23.1% | 27.7% | N/A |
Total Return Ranking - Trailing
Period | DHOBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 0.7% | 15.0% | N/A |
1 Yr | 6.8% | -15.4% | 7.0% | N/A |
3 Yr | 10.0%* | -2.3% | 9.7% | N/A |
5 Yr | 11.3%* | -6.9% | 5.8% | N/A |
10 Yr | 7.6%* | -0.8% | 8.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DHOBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -23.1% | 1.3% | N/A |
2022 | N/A | -3.9% | 36.8% | N/A |
2021 | N/A | -3.5% | 39.0% | N/A |
2020 | N/A | -28.3% | 4.3% | N/A |
2019 | N/A | -21.8% | 27.7% | N/A |
DHOBX - Holdings
Concentration Analysis
DHOBX | Category Low | Category High | DHOBX % Rank | |
---|---|---|---|---|
Net Assets | 672 M | 1.02 M | 24.4 B | N/A |
Number of Holdings | 260 | 6 | 1626 | N/A |
Net Assets in Top 10 | 18.2 M | -197 K | 3.73 B | N/A |
Weighting of Top 10 | 11.80% | 5.4% | 100.1% | N/A |
Top 10 Holdings
- NYSE/Liffe 2 Year US Treasury Note Future Sept14 2.27%
- 5 Year US Treasury Note Future Sept14 2.26%
- Intelsat Luxembourg S A 8.125% 1.12%
- Ally Finl Pfd 144A 1.00%
- Par Pharma Cos 7.375% 0.98%
- Algeco Scotsman Global Fin 144A 10.75% 0.94%
- Lloyds Bkg Grp FRN 0.85%
- First Data 11.75% 0.80%
- Digicel Grp 144A 8.25% 0.80%
- Clear Channel Communications Inc Term Loan D-Ext - Libor 3m+675 0.78%
Asset Allocation
Weighting | Return Low | Return High | DHOBX % Rank | |
---|---|---|---|---|
Bonds | 83.05% | -17.48% | 100.43% | N/A |
Other | 7.63% | -1.24% | 11.36% | N/A |
Cash | 4.53% | -4.10% | 117.48% | N/A |
Preferred Stocks | 2.94% | 0.00% | 11.13% | N/A |
Stocks | 1.49% | -0.44% | 99.99% | N/A |
Convertible Bonds | 0.35% | 0.00% | 11.40% | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | DHOBX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 0.42% | -0.14% | 15.43% | N/A |
Utilities | 0.30% | -0.04% | 1.62% | N/A |
Communication Services | 0.30% | -0.04% | 2.00% | N/A |
Energy | 0.29% | -0.06% | 2.74% | N/A |
Healthcare | 0.18% | 0.00% | 14.67% | N/A |
Technology | 0.00% | -0.17% | 30.52% | N/A |
Real Estate | 0.00% | -0.03% | 2.98% | N/A |
Industrials | 0.00% | 0.00% | 14.47% | N/A |
Financial Services | 0.00% | -0.03% | 16.74% | N/A |
Consumer Defense | 0.00% | -0.09% | 4.73% | N/A |
Basic Materials | 0.00% | 0.00% | 1.36% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DHOBX % Rank | |
---|---|---|---|---|
US | 1.40% | -0.43% | 50.32% | N/A |
Non US | 0.09% | -0.01% | 49.67% | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | DHOBX % Rank | |
---|---|---|---|---|
Corporate | 84.38% | 0.00% | 100.28% | N/A |
Cash & Equivalents | 4.53% | -0.40% | 117.48% | N/A |
Government | 1.47% | -5.69% | 66.73% | N/A |
Securitized | 0.49% | 0.00% | 60.24% | N/A |
Derivative | 0.00% | -17.48% | 8.43% | N/A |
Municipal | 0.00% | 0.00% | 100.40% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DHOBX % Rank | |
---|---|---|---|---|
US | 60.00% | -17.48% | 99.77% | N/A |
Non US | 23.05% | 0.00% | 59.88% | N/A |
DHOBX - Expenses
Operational Fees
DHOBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.86% | 0.00% | 6.42% | N/A |
Management Fee | 0.64% | 0.00% | 1.00% | N/A |
12b-1 Fee | 1.00% | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
DHOBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | 4.00% | 1.00% | 5.50% | N/A |
Trading Fees
DHOBX 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.
DHOBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 88.00% | 5.00% | 1334.00% | N/A |
DHOBX - Distributions
Dividend Yield Analysis
DHOBX | Category Low | Category High | DHOBX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 4.38% | N/A |
Dividend Distribution Analysis
DHOBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
DHOBX | Category Low | Category High | DHOBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.63% | -1.92% | 7.22% | N/A |
Capital Gain Distribution Analysis
DHOBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 23, 2014 | $0.020 | |
Aug 25, 2014 | $0.021 | |
Jul 23, 2014 | $0.020 | |
Jun 16, 2014 | $0.018 | |
May 23, 2014 | $0.020 | |
Apr 23, 2014 | $0.021 | |
Mar 24, 2014 | $0.018 | |
Feb 24, 2014 | $0.022 | |
Jan 23, 2014 | $0.019 | |
Dec 23, 2013 | $0.019 | |
Nov 25, 2013 | $0.019 | |
Oct 23, 2013 | $0.017 | |
Sep 23, 2013 | $0.019 | |
Aug 23, 2013 | $0.020 | |
Jul 23, 2013 | $0.022 | |
Jun 24, 2013 | $0.021 | |
May 23, 2013 | $0.020 | |
Apr 23, 2013 | $0.021 | |
Mar 25, 2013 | $0.020 | |
Feb 25, 2013 | $0.021 | |
Jan 24, 2013 | $0.021 | |
Dec 23, 2012 | $0.020 | |
Nov 23, 2012 | $0.022 | |
Oct 23, 2012 | $0.022 | |
Sep 24, 2012 | $0.023 | |
Aug 23, 2012 | $0.023 | |
Jul 23, 2012 | $0.022 | |
Jun 25, 2012 | $0.023 | |
May 23, 2012 | $0.023 | |
Apr 23, 2012 | $0.023 | |
Mar 23, 2012 | $0.021 | |
Feb 23, 2012 | $0.024 | |
Jan 23, 2012 | $0.023 | |
Dec 23, 2011 | $0.022 | |
Nov 23, 2011 | $0.025 | |
Oct 24, 2011 | $0.023 | |
Sep 23, 2011 | $0.024 | |
Aug 25, 2011 | $0.026 | |
Jul 25, 2011 | $0.022 | |
Jun 23, 2011 | $0.023 | |
May 23, 2011 | $0.025 | |
Apr 25, 2011 | $0.026 | |
Mar 23, 2011 | $0.022 | |
Feb 23, 2011 | $0.027 | |
Jan 24, 2011 | $0.026 | |
Dec 23, 2010 | $0.024 | |
Nov 23, 2010 | $0.025 | |
Oct 25, 2010 | $0.025 | |
Sep 23, 2010 | $0.025 | |
Aug 23, 2010 | $0.027 | |
Jul 23, 2010 | $0.025 | |
Jun 23, 2010 | $0.028 | |
May 24, 2010 | $0.027 | |
Apr 23, 2010 | $0.028 | |
Mar 23, 2010 | $0.027 | |
Feb 23, 2010 | $0.028 | |
Jan 25, 2010 | $0.028 | |
Dec 23, 2009 | $0.026 | |
Nov 23, 2009 | $0.025 | |
Oct 23, 2009 | $0.026 | |
Sep 23, 2009 | $0.025 | |
Aug 24, 2009 | $0.026 | |
Jul 23, 2009 | $0.024 | |
Jun 23, 2009 | $0.023 | |
May 26, 2009 | $0.022 | |
Apr 23, 2009 | $0.022 | |
Mar 23, 2009 | $0.022 | |
Feb 23, 2009 | $0.022 | |
Jan 23, 2009 | $0.023 | |
Dec 23, 2008 | $0.023 | |
Nov 24, 2008 | $0.024 | |
Oct 23, 2008 | $0.022 | |
Sep 23, 2008 | $0.024 | |
Aug 25, 2008 | $0.025 | |
Jul 23, 2008 | $0.023 | |
Jun 23, 2008 | $0.024 | |
May 23, 2008 | $0.021 | |
Apr 23, 2008 | $0.021 | |
Mar 24, 2008 | $0.020 | |
Feb 25, 2008 | $0.220 | |
Jan 22, 2008 | $0.023 | |
Dec 24, 2007 | $0.026 | |
Nov 27, 2007 | $0.027 | |
Oct 25, 2007 | $0.024 | |
Sep 26, 2007 | $0.026 | |
Aug 23, 2007 | $0.026 | |
Jul 23, 2007 | $0.025 | |
Jun 25, 2007 | $0.025 | |
May 23, 2007 | $0.025 | |
Apr 23, 2007 | $0.026 | |
Mar 23, 2007 | $0.024 | |
Feb 23, 2007 | $0.026 | |
Jan 23, 2007 | $0.026 | |
Dec 26, 2006 | $0.024 | |
Nov 24, 2006 | $0.025 | |
Oct 23, 2006 | $0.025 | |
Sep 25, 2006 | $0.027 | |
Aug 25, 2006 | $0.026 | |
Jul 24, 2006 | $0.026 | |
Jun 23, 2006 | $0.026 | |
May 23, 2006 | $0.026 | |
Apr 24, 2006 | $0.026 | |
Mar 23, 2006 | $0.023 | |
Feb 23, 2006 | $0.025 | |
Jan 23, 2006 | $0.025 | |
Nov 23, 2005 | $0.025 | |
Oct 24, 2005 | $0.025 | |
Sep 23, 2005 | $0.023 | |
Aug 23, 2005 | $0.024 | |
Jul 25, 2005 | $0.023 | |
Jun 23, 2005 | $0.023 | |
May 23, 2005 | $0.023 | |
Apr 25, 2005 | $0.024 | |
Mar 23, 2005 | $0.022 | |
Feb 23, 2005 | $0.025 | |
Jan 24, 2005 | $0.028 | |
Dec 23, 2004 | $0.023 | |
Nov 23, 2004 | $0.024 | |
Oct 25, 2004 | $0.032 | |
Sep 23, 2004 | $0.024 | |
Aug 23, 2004 | $0.024 | |
Jul 23, 2004 | $0.024 | |
Jun 23, 2004 | $0.026 | |
May 24, 2004 | $0.027 | |
Apr 23, 2004 | $0.026 | |
Mar 23, 2004 | $0.026 | |
Feb 23, 2004 | $0.028 | |
Jan 23, 2004 | $0.024 | |
Dec 23, 2003 | $0.026 | |
Nov 24, 2003 | $0.029 | |
Oct 23, 2003 | $0.023 | |
Sep 23, 2003 | $0.026 | |
Aug 25, 2003 | $0.026 | |
Jul 23, 2003 | $0.028 | |
Jun 23, 2003 | $0.029 | |
May 23, 2003 | $0.026 | |
Apr 23, 2003 | $0.028 | |
Mar 24, 2003 | $0.025 | |
Feb 24, 2003 | $0.026 | |
Jan 23, 2003 | $0.028 | |
Dec 23, 2002 | $0.031 | |
Nov 25, 2002 | $0.029 | |
Oct 23, 2002 | $0.030 | |
Sep 23, 2002 | $0.027 | |
Aug 23, 2002 | $0.028 | |
Jul 23, 2002 | $0.028 | |
Jun 24, 2002 | $0.025 | |
May 28, 2002 | $0.026 | |
Apr 25, 2002 | $0.026 | |
Mar 27, 2002 | $0.026 | |
Feb 27, 2002 | $0.026 | |
Jan 25, 2002 | $0.033 | |
Dec 27, 2001 | $0.033 | |
Nov 27, 2001 | $0.032 | |
Oct 25, 2001 | $0.032 | |
Sep 26, 2001 | $0.032 | |
Aug 27, 2001 | $0.032 | |
Jul 25, 2001 | $0.032 | |
Jun 27, 2001 | $0.032 | |
May 25, 2001 | $0.032 | |
Apr 25, 2001 | $0.032 | |
Mar 27, 2001 | $0.032 | |
Feb 27, 2001 | $0.032 | |
Feb 27, 2001 | $0.032 | |
Jan 25, 2001 | $0.032 | |
Dec 28, 2000 | $0.032 | |
Nov 28, 2000 | $0.062 | |
Oct 25, 2000 | $0.032 | |
Sep 27, 2000 | $0.032 | |
Aug 25, 2000 | $0.032 | |
Jul 26, 2000 | $0.032 | |
Jun 27, 2000 | $0.032 | |
May 25, 2000 | $0.032 | |
Apr 24, 2000 | $0.035 | |
Mar 22, 2000 | $0.035 | |
Feb 23, 2000 | $0.036 | |
Jan 24, 2000 | $0.034 | |
Dec 23, 1999 | $0.035 | |
Nov 23, 1999 | $0.034 | |
Oct 25, 1999 | $0.033 | |
Sep 23, 1999 | $0.035 | |
Aug 23, 1999 | $0.034 | |
Jul 23, 1999 | $0.029 | |
Jun 23, 1999 | $0.032 | |
May 24, 1999 | $0.031 | |
Apr 23, 1999 | $0.031 | |
Mar 23, 1999 | $0.027 | |
Feb 23, 1999 | $0.030 | |
Jan 25, 1999 | $0.030 | |
Dec 23, 1998 | $0.033 | |
Nov 23, 1998 | $0.040 | |
Oct 23, 1998 | $0.040 | |
Sep 23, 1998 | $0.041 | |
Aug 24, 1998 | $0.041 | |
Jul 23, 1998 | $0.037 | |
Jun 23, 1998 | $0.037 | |
May 26, 1998 | $0.036 | |
Apr 23, 1998 | $0.034 |
DHOBX - Fund Manager Analysis
Managers
Thomas H. Chow
Start Date
Tenure
Tenure Rank
Dec 04, 2012
1.74
1.7%
Chow is a member of the taxable fixed income portfolio management team. His experience includes significant exposure to asset liability management strategies and credit risk opportunities. Prior to joining Delaware 2001, he was a trader of high grade and high yield securities, and was involved in the portfolio management of CBOs and insurance portfolios at SunAmerica from 1997 to 2001. Before that, he was an analyst, trader, and portfolio manager at Conseco Capital Management from 1989 to 1997.
Paul A. Matlack
Start Date
Tenure
Tenure Rank
Dec 04, 2012
1.74
1.7%
Paul A. Matlack, CFA Senior Vice President, Senior Portfolio Manager, Fixed Income Strategist Paul A. Matlack is a strategist and senior portfolio manager for the firm’s fixed income team. Matlack rejoined the firm in May 2010. During his previous time at Delaware Investments, from September 1989 to October 2000, he was senior credit analyst, senior portfolio manager, and left the firm as co-head of the high yield group. Most recently, he worked at Chartwell Investment Partners from September 2003 to April 2010 as senior portfolio manager in fixed income, where he managed core, core plus, and high yield strategies. Prior to that, Matlack held senior roles at Turner Investment Partners, PNC Bank, and Mellon Bank. He earned a bachelor’s degree in international relations from the University of Pennsylvania and an MBA with a concentration in finance from George Washington University.
John P. McCarthy
Start Date
Tenure
Tenure Rank
Dec 04, 2012
1.74
1.7%
John P. McCarthy is a senior research analyst on the firm’s taxable fixed income team, responsible for industrials, autos, auto parts, metals, and mining. He rejoined Delaware Investments in March 2007 after he worked in the firm’s fixed income area from 1990 to 2000 as a senior high yield analyst and high yield trader, and from 2001 to 2002 as a municipal bond trader. Most recently, he was a senior high yield analyst/trader at Chartwell Investment Partners. McCarthy earned a bachelor’s degree in business administration from Babson College, and he is a member of the CFA Society of Philadelphia.
Christopher M. Testa
Start Date
Tenure
Tenure Rank
Jun 19, 2014
0.2
0.2%
Christopher M. Testa, CFA, Senior Vice President, Senior Portfolio Manager, joined Delaware Investments in January 2014 as a senior portfolio manager in the firm’s corporate credit portfolio management group. Mr. Testa previously was with S Goldman Asset Management, where, as PM and Head of Credit, he managed a hedge fund and a large separate account. Prior to joining S Goldman in July 2009, Mr. Testa worked as a Managing Director for Drake Management from 2001 to 2009, and served as a Portfolio Manager and Head of US Credit for Drake’s three hedge funds and its separate account platform. From 1994 to 2001, Mr. Testa was Head of Credit Research and a High Yield Portfolio Manager at Goldman Sachs Asset Management. Previously, Mr. Testa worked as a Vice President of Credit Research at CS First Boston and Financial Analyst at Metropolitan Life Insurance Company. Mr. Testa has nearly 20 years of portfolio management experience and received a B.A. from Hamilton College (Economics) and an M.B.A. in Finance with a concentration in investments from the Wharton School of Business at the University of Pennsylvania. He is also a Chartered Financial Analyst.
Craig C. Dembek
Start Date
Tenure
Tenure Rank
Dec 04, 2012
1.74
1.7%
Craig C. Dembek is a senior research analyst on the firm’s taxable fixed income team with primary responsibility for banks, brokers, insurance companies, and real estate investment trusts (REITs), as well as oversight for other sectors. He rejoined the firm in March 2007. During his previous time at Delaware Investments, from April 1999 to January 2001, he was a senior investment grade credit analyst. Most recently, he spent four years at Chartwell Investment Partners as a senior fixed income analyst and Turner Investment Partners as a senior fixed income analyst and portfolio manager. Dembek also spent two years at Stein, Roe & Farnham as a senior fixed income analyst. Earlier in his career, he worked for two years as a lead bank analyst at the Federal Reserve Bank of Boston. Dembek earned a bachelor’s degree in finance from Michigan State University and an MBA with a concentration in finance from the University of Vermont.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.1 | 21.26 | 6.8 | 0.1 |