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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.97

$3.63 B

0.45%

$0.09

0.69%

Vitals

YTD Return

12.0%

1 yr return

35.0%

3 Yr Avg Return

11.6%

5 Yr Avg Return

16.5%

Net Assets

$3.63 B

Holdings in Top 10

40.2%

52 WEEK LOW AND HIGH

$21.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.69%

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 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.97

$3.63 B

0.45%

$0.09

0.69%

ICEQX - Profile

Distributions

  • YTD Total Return 12.0%
  • 3 Yr Annualized Total Return 11.6%
  • 5 Yr Annualized Total Return 16.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.52%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Delaware Ivy Core Equity Fund
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Jul 31, 2014
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Erik Becker

Fund Description

Delaware Ivy Core Equity Fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities, primarily in common stocks of large-capitalization companies. The Fund seeks to invest in companies that Delaware Management Company (Manager), the Fund’s investment manager, believes are high-quality, have sustainable competitive advantages accompanied by financial strength and earnings stability, and have leading positions in their industries. Large-capitalization companies typically are companies with market capitalizations of at least $10 billion at the time of acquisition. The Fund invests in securities that have the potential for capital appreciation, or that the Manager expects to resist market decline. Although the Fund primarily invests in securities issued by large-capitalization companies, it may invest in securities issued by companies of any size. The Fund may invest in securities of companies across the valuation spectrum, including securities issued by growth and value companies.

The Manager believes that long-term earnings potential relative to market expectations is an important component for stock performance. The Manager balances a top-down (assessing the market environment) approach with a bottom-up (researching individual issuers) analysis when selecting securities for the Fund, and seeks to exploit what it believes to be catalysts for multi-year earnings growth in companies that it believes have strong or strengthening competitive advantages. Earnings catalysts are diversified across both thematic and company-specific projections.

From a top-down perspective, the Manager seeks to identify current trends or themes which indicate specific industries that have the potential to experience multi-year growth. The Manager considers various thematic catalysts in its analysis, including major macro-economic and political forces, cyclical inflections, changes in consumer behavior and technology shifts. Once a trend or theme is identified, the Manager seeks to invest for the Fund in what it believes are dominant companies that will benefit from these trends or themes; including companies that the Manager believes have long-term earnings potential that exceeds market expectations. Through its bottom-up stock selection, the Manager searches for companies for which it believes market expectations are too low with regard to the ability of the companies to grow their businesses.

In selecting securities for the Fund, the Manager may consider whether a company has new products to introduce, has undergone cost restructuring or a management change, or has improved its execution, among other factors.

The Fund typically holds a limited number of stocks (generally 40 to 50).

The Manager attempts to select securities that it believes have growth possibilities by looking at many factors, which may include a company’s: projected long-term earnings power compared to market expectations over a multi-year horizon, competitive position in the global economy, history of improving sales and profits, management strength, ESG characteristics, established brand, leadership position in its industry, stock price value, potential earnings catalyst, dividend payment history, anticipated future dividend yield, and prospects for capital return in the form of dividends and stock buybacks.

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 foreign markets through investments in these companies, even if the Fund is not invested directly in such markets.

Generally, in determining whether to sell a security, the Manager uses the same type of analysis that it uses in buying securities. Among other factors, the Manager considers whether, in its opinion, the security has fully appreciated according to the Manager’s forecast, has ceased to offer the prospect of significant growth potential, has had its competitive barriers diminished, has seen its earnings catalyst lose its impact, or has performed below the Manager’s expectations regarding the company’s long-term earnings potential. The Manager also may sell a security to reduce the Fund’s holding in that security if that issuer’s competitive advantage has diminished or if the Fund’s portfolio manager loses conviction in a previously identified trend or theme, to take advantage of what it believes are more attractive investment opportunities or to raise cash.

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.

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ICEQX - Performance

Return Ranking - Trailing

Period ICEQX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.0% 0.3% 17.0% 6.68%
1 Yr 35.0% 3.7% 53.6% 20.05%
3 Yr 11.6%* -10.3% 30.6% 14.12%
5 Yr 16.5%* -7.9% 109.2% 3.98%
10 Yr N/A* 0.4% 21.0% 60.82%

* Annualized

Return Ranking - Calendar

Period ICEQX Return Category Return Low Category Return High Rank in Category (%)
2023 12.2% -42.6% 47.4% 76.93%
2022 -26.3% -56.3% -4.2% 82.52%
2021 16.0% -27.2% 53.7% 55.60%
2020 19.2% -36.2% 2181.7% 8.01%
2019 19.9% -22.7% 40.4% 68.11%

Total Return Ranking - Trailing

Period ICEQX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.0% 0.3% 17.0% 6.68%
1 Yr 35.0% 3.7% 53.6% 20.05%
3 Yr 11.6%* -10.3% 30.6% 14.12%
5 Yr 16.5%* -7.9% 109.2% 3.98%
10 Yr N/A* 0.4% 21.0% 57.97%

* Annualized

Total Return Ranking - Calendar

Period ICEQX Return Category Return Low Category Return High Rank in Category (%)
2023 23.9% -5.0% 47.4% 51.55%
2022 -17.1% -36.8% -2.2% 40.38%
2021 29.4% 3.0% 124.3% 14.45%
2020 21.6% -15.8% 2266.0% 13.32%
2019 31.5% -0.4% 241.3% 22.97%

NAV & Total Return History


ICEQX - Holdings

Concentration Analysis

ICEQX Category Low Category High ICEQX % Rank
Net Assets 3.63 B 2.59 M 1.55 T 33.46%
Number of Holdings 52 1 4053 77.72%
Net Assets in Top 10 1.38 B 885 K 387 B 28.77%
Weighting of Top 10 40.22% 0.3% 112.0% 22.29%

Top 10 Holdings

  1. Microsoft Corp 9.11%
  2. UnitedHealth Group Inc 4.81%
  3. Alphabet Inc 4.78%
  4. Apple Inc 3.89%
  5. Amazon.com Inc 3.48%
  6. TE Connectivity Ltd 2.93%
  7. Costco Wholesale Corp 2.89%
  8. KKR Co Inc 2.88%
  9. HCA Healthcare Inc 2.75%
  10. Airbus SE 2.70%

Asset Allocation

Weighting Return Low Return High ICEQX % Rank
Stocks
98.15% 0.00% 124.03% 64.89%
Cash
1.86% 0.00% 99.06% 35.18%
Preferred Stocks
0.00% 0.00% 2.38% 10.87%
Other
0.00% -13.91% 100.00% 37.76%
Convertible Bonds
0.00% 0.00% 5.54% 6.67%
Bonds
0.00% -0.50% 94.15% 13.06%

Stock Sector Breakdown

Weighting Return Low Return High ICEQX % Rank
Technology
24.13% 0.00% 48.94% 52.59%
Financial Services
22.42% 0.00% 55.59% 5.65%
Healthcare
13.52% 0.00% 60.70% 73.99%
Industrials
12.12% 0.00% 29.90% 17.26%
Consumer Cyclical
7.88% 0.00% 30.33% 82.74%
Communication Services
6.19% 0.00% 27.94% 77.41%
Consumer Defense
5.85% 0.00% 47.71% 76.37%
Basic Materials
3.13% 0.00% 25.70% 33.73%
Utilities
2.94% 0.00% 20.91% 32.14%
Energy
1.81% 0.00% 41.64% 77.33%
Real Estate
0.00% 0.00% 31.91% 86.95%

Stock Geographic Breakdown

Weighting Return Low Return High ICEQX % Rank
US
98.15% 0.00% 124.03% 54.18%
Non US
0.00% 0.00% 62.81% 28.62%

ICEQX - Expenses

Operational Fees

ICEQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.01% 16.07% 60.03%
Management Fee 0.63% 0.00% 1.89% 67.40%
12b-1 Fee N/A 0.00% 1.00% 10.30%
Administrative Fee N/A 0.00% 0.85% 2.72%

Sales Fees

ICEQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ICEQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

ICEQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 0.00% 496.00% 64.12%

ICEQX - Distributions

Dividend Yield Analysis

ICEQX Category Low Category High ICEQX % Rank
Dividend Yield 0.45% 0.00% 25.10% 5.17%

Dividend Distribution Analysis

ICEQX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Semi-Annually

Net Income Ratio Analysis

ICEQX Category Low Category High ICEQX % Rank
Net Income Ratio 0.52% -54.00% 6.06% 60.26%

Capital Gain Distribution Analysis

ICEQX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

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ICEQX - Fund Manager Analysis

Managers

Erik Becker


Start Date

Tenure

Tenure Rank

Feb 17, 2006

16.29

16.3%

Erik R. Becker is primarily responsible for the day-to-day portfolio management of Ivy VIP Core Equity, and has held his Portfolio responsibilities since July 2006. He is Senior Vice President of IICO, Vice President of the Trust, and Vice President of and portfolio manager for another investment company for which IICO serves as investment manager. He joined the company in 1999 as an investment analyst and had served as an assistant portfolio manager for Ivy VIP Core Equity since 2003. He has served as a portfolio manager since February 2006, in addition to his duties as a research analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.21 2.42