DTINX: Delaware Limited-Term Diversified Inc I

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DTINX Delaware Limited-Term Diversified Inc I


Profile

DTINX - Profile

Vitals

  • YTD Return 1.1%
  • 3 Yr Annualized Return -0.6%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $400 M
  • Holdings in Top 10 26.4%

52 WEEK LOW AND HIGH

$8.36
$7.95
$8.40

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.71%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 123.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return -0.6%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Delaware Limited-Term Diversified Income Fund
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Jun 01, 1992
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Roger Early

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 investment grade fixed income securities, including, but not limited to, fixed income securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, and by U.S. corporations. The fund may invest up to 20% of its net assets in below-investment-grade securities.


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Categories

Performance

DTINX - Performance

Return Ranking - Trailing

Period DTINX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -36.3% 945.9% 44.50%
1 Yr 1.1% -35.4% 962.3% 53.12%
3 Yr -0.6%* -10.6% 120.2% 88.11%
5 Yr -0.4%* -5.1% 60.5% 86.63%
10 Yr -0.6%* -5.0% 3.6% 95.81%

* Annualized

Return Ranking - Calendar

Period DTINX Return Category Return Low Category Return High Rank in Category (%)
2019 1.6% -1.7% 18.3% 89.54%
2018 -3.8% -12.4% 0.8% 78.95%
2017 -0.1% -6.0% 20.3% 85.90%
2016 0.5% -7.8% 8.6% 30.02%
2015 -1.1% -18.3% 3.0% 52.12%

Total Return Ranking - Trailing

Period DTINX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -36.3% 945.9% 44.50%
1 Yr 1.1% -35.4% 962.6% 53.08%
3 Yr -0.6%* -7.4% 120.2% 89.73%
5 Yr -0.4%* -5.1% 60.5% 88.65%
10 Yr -0.4%* -5.0% 6.9% 94.72%

* Annualized

Total Return Ranking - Calendar

Period DTINX Return Category Return Low Category Return High Rank in Category (%)
2019 1.6% -1.7% 18.3% 89.83%
2018 -3.8% -11.7% 3.1% 82.19%
2017 -0.1% -6.0% 27.0% 87.73%
2016 0.5% -7.8% 10.7% 36.67%
2015 -1.1% -14.2% 4.2% 59.44%

NAV & Total Return History


Holdings

DTINX - Holdings

Concentration Analysis

DTINX Category Low Category High DTINX % Rank
Net Assets 400 M 634 K 264 B 59.84%
Number of Holdings 346 1 17920 45.78%
Net Assets in Top 10 90.1 M -587 M 20.8 B 54.79%
Weighting of Top 10 26.44% 2.3% 100.0% 35.62%

Top 10 Holdings

  1. United States Treasury Notes 1.5% 4.93%
  2. United States Treasury Notes 0.28% 3.27%
  3. United States Treasury Notes 1.75% 3.23%
  4. Citibank Credit Card Issuance Trust 1.29% 2.88%
  5. American Express Credit Account Master Trust 2.67% 2.52%
  6. 5 Year Treasury Note Future June 20 2.16%
  7. United States Treasury Notes 0.5% 2.14%
  8. Citibank Credit Card Issuance Trust 1.05% 1.85%
  9. United States Treasury Notes 1.12% 1.74%
  10. United States Treasury Notes 1.38% 1.72%

Asset Allocation

Weighting Return Low Return High DTINX % Rank
Bonds
91.19% 71.08% 157.69% 86.29%
Cash
7.27% -57.68% 27.48% 15.75%
Convertible Bonds
1.91% 0.00% 6.53% 10.77%
Stocks
0.00% -0.38% 18.10% 24.55%
Preferred Stocks
0.00% 0.00% 9.11% 31.54%
Other
-0.38% -27.60% 53.37% 98.16%

Bond Sector Breakdown

Weighting Return Low Return High DTINX % Rank
Securitized
43.98% 0.00% 98.72% 12.15%
Corporate
29.66% 0.00% 99.41% 29.46%
Government
19.13% -2.21% 100.00% 30.73%
Cash & Equivalents
7.09% -26.49% 24.02% 17.13%
Derivative
0.14% -0.83% 31.72% 11.16%
Municipal
0.00% 0.00% 100.11% 82.55%

Bond Geographic Breakdown

Weighting Return Low Return High DTINX % Rank
US
84.38% 58.40% 150.78% 74.96%
Non US
6.81% -38.91% 29.50% 38.36%

Expenses

DTINX - Expenses

Operational Fees

DTINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.01% 34.57% 54.94%
Management Fee 0.50% 0.00% 1.25% 83.14%
12b-1 Fee N/A 0.00% 1.00% 8.18%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

DTINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

DTINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

DTINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 123.00% 0.00% 489.00% 80.36%

Distributions

DTINX - Distributions

Dividend Yield Analysis

DTINX Category Low Category High DTINX % Rank
Dividend Yield 0.00% 0.00% 6.06% 37.44%

Dividend Distribution Analysis

DTINX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

DTINX Category Low Category High DTINX % Rank
Net Income Ratio 2.73% -0.71% 6.53% 39.18%

Capital Gain Distribution Analysis

DTINX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

DTINX - Fund Manager Analysis

Managers

Roger Early


Start Date

Tenure

Tenure Rank

May 24, 2007

12.95

13.0%

Roger A. Early, CPA, CFA, CFP Senior Vice President, Co-Chief Investment Officer – Total Return Fixed Income Strategy Roger A. Early rejoined Delaware Investments in March 2007 as a member of the firm’s taxable fixed income portfolio management team, with primary responsibility for portfolio construction and strategic asset allocation. During his previous time at the firm, from 1994 to 2001, he was a senior portfolio manager in the same area, and he left Delaware Investments as head of its U.S. investment grade fixed income group. In recent years, Early was a senior portfolio manager at Chartwell Investment Partners and Rittenhouse Financial and served as the chief investment officer for fixed income at Turner Investments. Prior to joining Delaware Investments in 1994, he worked for more than 10 years at Federated Investors where he managed more than $25 billion in mutual fund and institutional portfolios in the short-term and investment grade markets. He left the firm as head of institutional fixed income management. Earlier in his career, he held management positions with the Federal Reserve Bank, PNC Financial, Touche Ross, and Rockwell International. Early earned his bachelor’s degree in economics from The Wharton School of the University of Pennsylvania and an MBA with concentrations in finance and accounting from the University of Pittsburgh. He is a member of the CFA Society of Philadelphia.

Brian McDonnell


Start Date

Tenure

Tenure Rank

Apr 29, 2012

8.01

8.0%

Senior Vice President, Senior Portfolio Manager, Senior Structured Products Analyst Brian C. McDonnell is a member of the firm's taxable fixed income portfolio management team with primary responsibility for portfolio construction and strategic asset allocation. He also serves as lead analyst for residential mortgage-backed securities. He joined Macquarie Investment Management (MIM), which includes the former Delaware Investments, in March 2007 as a vice president and senior structured products analyst/trader, assuming portfolio management responsibilities in 2009. Prior to joining Delaware Investments, he was a managing director and head of fixed income trading at Sovereign Securities, where he was responsible for risk management and hedging of the firm’s holdings. Earlier in his career, he spent more than 10 years in various fixed income capacities with Prudential Securities in New York. McDonnell has a bachelor’s degree in finance from Boston College, and he is a member of the CFA Society of Philadelphia.

Adam Brown


Start Date

Tenure

Tenure Rank

Oct 31, 2013

6.5

6.5%

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

Jul 27, 2016

3.76

3.8%

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
0.08 33.44 7.44 0.33