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Trending ETFs

Name

As of 03/27/2024

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

$8.04

$578 M

8.37%

$0.67

0.72%

Vitals

YTD Return

2.4%

1 yr return

12.3%

3 Yr Avg Return

5.6%

5 Yr Avg Return

5.3%

Net Assets

$578 M

Holdings in Top 10

19.4%

52 WEEK LOW AND HIGH

$8.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.72%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 124.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$8.04

$578 M

8.37%

$0.67

0.72%

DDFLX - Profile

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 5.6%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.91%
DIVIDENDS
  • Dividend Yield 8.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Delaware Floating Rate Fund
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Feb 26, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Adam Brown

Fund Description

Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in floating rate loans and other floating rate debt securities (80% policy). Delaware Management Company (Manager) will determine how much of the Fund’s assets to allocate among the different types of securities in which the Fund may invest based on its evaluation of economic and market conditions and its assessment of the returns and potential for appreciation that can be achieved from various sectors of the fixed income market.

In addition, the Manager may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), Macquarie Investment Management Europe Limited (MIMEL), and Macquarie Investment Management Global Limited (MIMGL) (together, the “Affiliated Sub-Advisors”). The Manager may also permit these Affiliated Sub-Advisors to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where the Manager believes it will be beneficial to utilize an Affiliated Sub-Advisor's specialized market knowledge.

The Fund's investments may be variable- and floating-rate debt securities that generally pay interest at rates that adjust whenever a specified interest rate changes and/or reset on predetermined dates (such as the last day of a month or calendar quarter). Derivatives instruments may be utilized to effectively convert the fixed-rate interest payments from a group of certain Fund portfolio securities into floating-rate interest payments. The average portfolio duration (that is, the sensitivity to general changes in interest rates) of this Fund will generally not exceed one year.

Up to 100% of the Fund’s total assets may be allocated to below-investment-grade securities within the Fund. Investments in emerging markets will, in the aggregate, be limited to no more than 15% of the Fund’s total assets. The Manager will limit non-US-dollar-denominated securities to no more than 50% of net assets, but total non-US-dollar currency exposure will be limited, in the aggregate, to no more than 25% of net assets. The Fund may also invest up to 20% of its total assets in a wide range of derivatives instruments, including forward foreign currency contracts, options, futures contracts, options on futures contracts, and swaps, for both hedging and nonhedging purposes. In addition, the Fund may hold a portion of its assets in cash or cash equivalents.

The 80% policy is nonfundamental and may be changed without shareholder approval. Fund shareholders would be given at least 60 days’ notice prior to any such change.

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DDFLX - Performance

Return Ranking - Trailing

Period DDFLX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -0.8% 5.5% 31.06%
1 Yr 12.3% -5.7% 33.5% 30.68%
3 Yr 5.6%* -5.5% 9.2% 12.00%
5 Yr 5.3%* -6.6% 37.5% 4.26%
10 Yr 3.7%* -1.9% 19.3% 23.16%

* Annualized

Return Ranking - Calendar

Period DDFLX Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% -12.0% 17.3% 53.03%
2022 -5.5% -22.9% 5.1% 10.12%
2021 1.4% -12.2% 12.0% 28.29%
2020 -1.9% -14.1% 289.8% 31.25%
2019 3.6% -8.1% 14.6% 22.84%

Total Return Ranking - Trailing

Period DDFLX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -0.8% 5.5% 31.06%
1 Yr 12.3% -5.7% 33.5% 30.68%
3 Yr 5.6%* -5.5% 9.2% 12.00%
5 Yr 5.3%* -6.6% 37.5% 4.26%
10 Yr 3.7%* -1.9% 19.3% 23.16%

* Annualized

Total Return Ranking - Calendar

Period DDFLX Return Category Return Low Category Return High Rank in Category (%)
2023 13.1% -12.0% 30.3% 29.55%
2022 -0.3% -22.9% 5.1% 6.61%
2021 5.8% -10.2% 19.4% 23.90%
2020 2.7% -14.1% 306.9% 30.83%
2019 9.3% -3.6% 23.8% 10.34%

NAV & Total Return History


DDFLX - Holdings

Concentration Analysis

DDFLX Category Low Category High DDFLX % Rank
Net Assets 578 M 35.9 M 11.9 B 52.79%
Number of Holdings 173 2 1605 82.78%
Net Assets in Top 10 108 M -191 M 2.38 B 45.42%
Weighting of Top 10 19.41% 5.2% 100.8% 27.94%

Top 10 Holdings

  1. Invesco Senior Loan ETF 2.42%
  2. UKG Inc 2.06%
  3. Northwest Fiber LLC 2.02%
  4. BlackRock Liquidity FedFund 1.89%
  5. Goldman Sachs Financial Square Government Fund 1.89%
  6. MSILF Government Portfolio 1.89%
  7. Fidelity Government Portfolio 1.89%
  8. AAdvantage Loyalty IP Ltd 1.81%
  9. Consolidated Communications Inc 1.80%
  10. Frontier Communications Holdings LLC 1.75%

Asset Allocation

Weighting Return Low Return High DDFLX % Rank
Bonds
95.69% 0.00% 161.82% 37.00%
Cash
7.55% -61.90% 18.85% 20.88%
Stocks
2.44% 0.00% 100.76% 35.90%
Convertible Bonds
0.28% 0.00% 5.51% 13.65%
Preferred Stocks
0.00% -3.99% 6.42% 51.28%
Other
0.00% -52.39% 26.58% 61.17%

Stock Sector Breakdown

Weighting Return Low Return High DDFLX % Rank
Consumer Cyclical
97.66% 0.00% 97.66% 1.74%
Energy
2.34% 0.00% 100.00% 47.83%
Utilities
0.00% 0.00% 100.00% 41.74%
Technology
0.00% 0.00% 100.00% 39.13%
Real Estate
0.00% 0.00% 48.61% 27.83%
Industrials
0.00% 0.00% 100.00% 56.52%
Healthcare
0.00% 0.00% 100.00% 29.57%
Financial Services
0.00% 0.00% 89.61% 29.57%
Communication Services
0.00% 0.00% 100.00% 68.70%
Consumer Defense
0.00% 0.00% 100.00% 41.74%
Basic Materials
0.00% 0.00% 1.36% 27.83%

Stock Geographic Breakdown

Weighting Return Low Return High DDFLX % Rank
US
2.44% -0.01% 100.76% 35.90%
Non US
0.00% 0.00% 0.68% 38.10%

Bond Sector Breakdown

Weighting Return Low Return High DDFLX % Rank
Corporate
79.60% 0.00% 141.23% 92.99%
Cash & Equivalents
7.55% 0.00% 25.03% 20.51%
Municipal
0.08% 0.00% 0.47% 7.38%
Derivative
0.00% -8.79% 1.12% 49.82%
Securitized
0.00% 0.00% 91.68% 59.04%
Government
0.00% 0.00% 3.18% 40.59%

Bond Geographic Breakdown

Weighting Return Low Return High DDFLX % Rank
US
95.69% 0.00% 144.71% 28.94%
Non US
0.00% 0.00% 63.23% 60.07%

DDFLX - Expenses

Operational Fees

DDFLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.03% 12.26% 86.91%
Management Fee 0.49% 0.00% 1.89% 10.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.27% N/A

Sales Fees

DDFLX 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% 1.00% N/A

Trading Fees

DDFLX 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.

DDFLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 124.00% 4.00% 180.00% 89.92%

DDFLX - Distributions

Dividend Yield Analysis

DDFLX Category Low Category High DDFLX % Rank
Dividend Yield 8.37% 0.00% 11.56% 29.89%

Dividend Distribution Analysis

DDFLX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

DDFLX Category Low Category High DDFLX % Rank
Net Income Ratio 3.91% 1.77% 9.82% 32.46%

Capital Gain Distribution Analysis

DDFLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

DDFLX - Fund Manager Analysis

Managers

Adam Brown


Start Date

Tenure

Tenure Rank

Nov 28, 2011

10.51

10.5%

Adam H. Brown, CFA , is a senior portfolio manager on the Macquarie Investment Management Business Trust. He manages the bank loan portfolios and is a co-portfolio manager for the high yield, fixed rate multisector, and core plus strategies. Brown joined Macquarie Investment Management (MIM), which includes the former Delaware Investments, in April 2011 as part of the firm’s integration of Macquarie Four Corners Capital Management, where he had worked since 2002. At Four Corners, he was a co-portfolio manager on four collateralized loan obligations (CLOs) and a senior research analyst supporting noninvestment grade portfolios. Before that, Brown was with the predecessor of Wells Fargo Securities, where he worked in the leveraged finance group arranging senior secured bank loans and high yield bond financings for financial sponsors and corporate issuers. He earned a bachelor’s degree in accounting from the University of Florida and an MBA from the A.B. Freeman School of Business at Tulane University.

John McCarthy


Start Date

Tenure

Tenure Rank

Jan 31, 2017

5.33

5.3%

John P. McCarthy is a senior portfolio manager for Delaware Management Company's high yield strategies, a role he assumed in July 2016. He is also co-head of credit research on the firm’s taxable fixed income team. McCarthy rejoined Delaware Investments in March 2007 as a senior research analyst 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. Prior to rejoining Delaware Investments, 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.0 3.25