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Trending ETFs

Name

As of 05/24/2024

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

$22.37

$5.15 B

2.08%

$0.47

1.84%

Vitals

YTD Return

14.5%

1 yr return

26.2%

3 Yr Avg Return

-4.3%

5 Yr Avg Return

6.9%

Net Assets

$5.15 B

Holdings in Top 10

58.8%

52 WEEK LOW AND HIGH

$22.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.84%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 4.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/24/2024

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

$22.37

$5.15 B

2.08%

$0.47

1.84%

DEMRX - Profile

Distributions

  • YTD Total Return 14.5%
  • 3 Yr Annualized Total Return -4.3%
  • 5 Yr Annualized Total Return 6.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.83%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    DELAWARE EMERGING MARKETS FUND
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Aug 31, 2009
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Liu-Er Chen

Fund Description

The Fund invests primarily in a broad range of equity securities of companies located in emerging market countries. Emerging market countries include those currently considered to be developing by the World Bank, the United Nations, or the countries’ governments. These countries typically are located in the Asia-Pacific region, Eastern Europe, the Middle East, Central America, South America, and Africa. Under normal circumstances, at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, will be invested in emerging market issuers (80% policy). The Fund’s 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. The Fund may invest in companies of any size and may invest more than 25% of its total assets in the securities of issuers located in the same country. The Fund will primarily invest in countries included in the MSCI Emerging Markets Index. Benchmark weightings may result in the Fund investing over 25% in any one country. The Fund may invest significantly in the Asia-Pacific region, which consists of Hong Kong, the People’s Republic of China, Republic of Korea, Taiwan, and India, among other countries.  As a result, the Fund’s investments in the region may be particularly susceptible to risks in that region.

Although the Fund invests primarily in companies from countries considered to be emerging, the Fund will also invest in companies that are not in emerging countries: (1) if the Manager believes that the performance of a company or its industry will be influenced by opportunities in the emerging markets; (2) to maintain exposure to industry segments where the Manager believes there are not satisfactory investment opportunities in emerging countries; and (3) if the Manager believes there is the potential for significant benefit to the Fund.

The Manager believes that although market price and intrinsic business value are positively correlated in the long run, short-term divergences can emerge. The Fund seeks to take advantage of these divergences through a fundamental, bottom-up approach. The Fund invests in securities of companies that the Manager believes have sustainable franchises when they are trading at a discount to the Manager’s intrinsic value estimate for that security.

The Manager defines sustainable franchises as those companies with potential to earn excess returns above their cost of capital over the long run. Sustainability analysis involves identification of a company’s source of competitive advantage and the ability of its management to maximize its return potential. The Manager prefers companies with large market opportunities in which to deploy capital, providing opportunities to grow faster than the overall economy.

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.

Intrinsic value assessment is quantitatively determined through a variety of valuation methods including discounted cash flow, replacement cost, private market transaction, and multiples analysis.

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DEMRX - Performance

Return Ranking - Trailing

Period DEMRX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.5% -6.8% 19.2% 1.50%
1 Yr 26.2% -6.8% 36.8% 5.62%
3 Yr -4.3%* -20.6% 10.1% 42.80%
5 Yr 6.9%* -4.4% 13.4% 22.73%
10 Yr 4.0%* -2.6% 6.3% 22.78%

* Annualized

Return Ranking - Calendar

Period DEMRX Return Category Return Low Category Return High Rank in Category (%)
2023 14.2% -6.5% 35.5% 13.80%
2022 -29.9% -50.1% -2.4% 82.79%
2021 -5.3% -33.1% 22.5% 49.78%
2020 24.5% -22.1% 80.1% 25.12%
2019 23.4% -0.7% 42.0% 19.03%

Total Return Ranking - Trailing

Period DEMRX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.5% -6.8% 19.2% 1.50%
1 Yr 26.2% -6.8% 36.8% 5.62%
3 Yr -4.3%* -20.6% 10.1% 42.80%
5 Yr 6.9%* -4.4% 13.4% 22.73%
10 Yr 4.0%* -2.6% 6.3% 22.78%

* Annualized

Total Return Ranking - Calendar

Period DEMRX Return Category Return Low Category Return High Rank in Category (%)
2023 17.0% -2.7% 42.0% 15.44%
2022 -28.3% -42.2% 1.9% 86.60%
2021 -2.6% -32.5% 33.1% 57.82%
2020 25.2% -20.0% 81.6% 25.27%
2019 23.8% 2.3% 42.0% 30.97%

NAV & Total Return History


DEMRX - Holdings

Concentration Analysis

DEMRX Category Low Category High DEMRX % Rank
Net Assets 5.15 B 682 K 103 B 12.55%
Number of Holdings 131 10 7049 36.97%
Net Assets in Top 10 3.03 B 299 K 19.2 B 6.68%
Weighting of Top 10 58.79% 2.9% 140.4% 1.50%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 13.20%
  2. SK Hynix Inc 8.00%
  3. Reliance Industries Ltd 7.18%
  4. SK Square Co Ltd 7.17%
  5. MediaTek Inc 6.17%
  6. Samsung Electronics Co Ltd 5.58%
  7. Reliance Industries Ltd 3.24%
  8. Kweichow Moutai Co Ltd 2.97%
  9. Alibaba Group Holding Ltd 2.79%
  10. Wuliangye Yibin Co Ltd 2.49%

Asset Allocation

Weighting Return Low Return High DEMRX % Rank
Stocks
99.41% 0.00% 102.46% 11.05%
Preferred Stocks
1.36% 0.00% 10.09% 38.61%
Other
0.00% -0.21% 50.31% 45.02%
Convertible Bonds
0.00% 0.00% 7.40% 22.80%
Cash
0.00% -2.03% 40.36% 95.77%
Bonds
0.00% 0.00% 94.30% 31.65%

Stock Sector Breakdown

Weighting Return Low Return High DEMRX % Rank
Technology
36.91% 0.00% 47.50% 2.07%
Communication Services
13.58% 0.00% 39.29% 6.49%
Consumer Defense
12.75% 0.00% 25.90% 5.94%
Consumer Cyclical
11.79% 0.00% 48.94% 53.73%
Energy
11.27% 0.00% 24.80% 2.49%
Basic Materials
6.40% 0.00% 30.03% 65.75%
Financial Services
5.37% 0.00% 48.86% 98.20%
Healthcare
1.19% 0.00% 16.53% 90.33%
Industrials
0.68% 0.00% 43.53% 95.86%
Real Estate
0.04% 0.00% 17.15% 83.15%
Utilities
0.02% 0.00% 39.12% 68.92%

Stock Geographic Breakdown

Weighting Return Low Return High DEMRX % Rank
Non US
73.35% 0.00% 100.18% 83.63%
US
26.06% 0.00% 99.51% 11.32%

DEMRX - Expenses

Operational Fees

DEMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.84% 0.03% 29.98% 24.93%
Management Fee 1.14% 0.00% 2.00% 92.49%
12b-1 Fee 0.50% 0.00% 1.00% 62.94%
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

DEMRX 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

DEMRX 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.

DEMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 4.00% 0.00% 189.00% 1.17%

DEMRX - Distributions

Dividend Yield Analysis

DEMRX Category Low Category High DEMRX % Rank
Dividend Yield 2.08% 0.00% 9.74% 37.24%

Dividend Distribution Analysis

DEMRX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

DEMRX Category Low Category High DEMRX % Rank
Net Income Ratio 1.83% -1.98% 17.62% 19.55%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DEMRX - Fund Manager Analysis

Managers

Liu-Er Chen


Start Date

Tenure

Tenure Rank

Sep 25, 2006

15.69

15.7%

Liu-Er Chen, CFA, Senior Vice President, Chief Investment Officer — Emerging Markets and Healthcare, is a Portfolio Manager in Delaware Investments Fund Advisers, a series of Macquarie Investment Management Business Trust. Mr. Chen heads the firm's global Emerging Markets team. Prior to joining Macquarie Investment Management (MIM) in September 2006 in his current position, Mr. Chen spent nearly 11 years at Evergreen Investment Management Company, where he most recently served as Managing Director and Senior Portfolio Manager. Mr. Chen began his career at Evergreen in 1995 as an analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.52 13.42