DUGCX: Delaware Strategic Income C

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DUGCX Delaware Strategic Income C


Profile

DUGCX - Profile

Vitals

  • YTD Return 1.6%
  • 3 Yr Annualized Return -0.4%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $42.3 M
  • Holdings in Top 10 18.3%

52 WEEK LOW AND HIGH

$8.32
$6.91
$8.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.25%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 106.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.34%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Delaware Strategic Income Fund
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Nov 29, 1995
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    J. Hillmeyer

Fund Description

The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in U.S. and foreign debt securities, including those in emerging markets. The Manager will allocate investments among various sectors of debt securities and at any given time may have a substantial amount of its assets invested in any class of debt security. It may invest up to 100% of its net assets in high yield, lower-quality debt securities. The fund may invest up to 100% of its net assets in foreign securities, including emerging markets securities.


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Categories

Performance

DUGCX - Performance

Return Ranking - Trailing

Period DUGCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -55.0% 9.2% 17.07%
1 Yr 2.5% -55.3% 10.9% 18.94%
3 Yr -0.4%* -40.3% 4.9% 43.49%
5 Yr -0.2%* -35.0% 20.7% 60.81%
10 Yr 0.0%* -6.3% 1.3% 37.40%

* Annualized

Return Ranking - Calendar

Period DUGCX Return Category Return Low Category Return High Rank in Category (%)
2019 7.3% -35.1% 15.3% 18.55%
2018 -8.7% -48.0% 0.8% 87.50%
2017 1.5% -14.8% 11.2% 69.46%
2016 -0.2% -11.2% 19.1% 92.39%
2015 -3.2% -51.1% 4.0% 14.40%

Total Return Ranking - Trailing

Period DUGCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -55.0% 9.2% 17.07%
1 Yr 2.5% -55.3% 7.0% 19.22%
3 Yr -0.4%* -40.3% 3.7% 57.14%
5 Yr -0.2%* -35.0% 20.7% 75.82%
10 Yr 0.0%* -6.3% 5.0% 56.49%

* Annualized

Total Return Ranking - Calendar

Period DUGCX Return Category Return Low Category Return High Rank in Category (%)
2019 7.3% -35.1% 15.3% 24.64%
2018 -8.7% -48.0% 4.5% 92.50%
2017 1.5% -14.8% 14.0% 77.52%
2016 -0.2% -11.2% 22.5% 94.12%
2015 -3.2% -51.1% 4.0% 31.60%

NAV & Total Return History


Holdings

DUGCX - Holdings

Concentration Analysis

DUGCX Category Low Category High DUGCX % Rank
Net Assets 42.3 M 5 M 126 B 88.01%
Number of Holdings 259 5 7722 70.89%
Net Assets in Top 10 6.28 M -418 M 29.7 B 84.64%
Weighting of Top 10 18.34% 4.8% 214.0% 59.34%

Top 10 Holdings

  1. 5 Year Treasury Note Future Sept 20 4.52%
  2. Ultra 10 Year US Treasury Note Future Sept 20 2.28%
  3. United States Treasury Notes 0.38% 1.88%
  4. 10 Year Treasury Note Future Sept 20 1.67%
  5. FREEPORT-MCMORAN INC 5.45% 1.54%
  6. NatWest Group plc 8.62% 1.34%
  7. Gs Mortgage Securities Tr 2017-Gs6 3.87% 1.30%
  8. JSC National Company KazMunayGas 6.38% 1.28%
  9. Credit Suisse Group AG 6.25% 1.28%
  10. GS MORTGAGE SECURITIES TRUST 3.57% 1.26%

Asset Allocation

Weighting Return Low Return High DUGCX % Rank
Bonds
96.05% 14.17% 236.60% 21.12%
Convertible Bonds
5.06% 0.00% 25.18% 12.67%
Preferred Stocks
1.15% 0.00% 39.23% 20.49%
Stocks
0.00% -0.27% 13.09% 68.98%
Other
-0.76% -8.59% 28.22% 95.42%
Cash
-1.49% -142.79% 75.97% 84.64%

Bond Sector Breakdown

Weighting Return Low Return High DUGCX % Rank
Corporate
54.54% 0.00% 94.51% 40.70%
Securitized
24.69% 0.00% 99.22% 35.04%
Government
15.61% 0.00% 99.16% 38.81%
Cash & Equivalents
3.39% 0.02% 84.27% 67.65%
Municipal
1.76% 0.00% 36.37% 16.17%
Derivative
0.00% -0.44% 47.67% 58.49%

Bond Geographic Breakdown

Weighting Return Low Return High DUGCX % Rank
US
67.36% 10.76% 236.16% 50.40%
Non US
28.69% -16.32% 72.48% 28.57%

Expenses

DUGCX - Expenses

Operational Fees

DUGCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.25% 0.06% 24.26% 15.07%
Management Fee 0.55% 0.00% 2.25% 37.82%
12b-1 Fee 1.00% 0.00% 1.00% 80.98%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

DUGCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 32.73%

Trading Fees

DUGCX 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.

DUGCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 106.00% 0.00% 421.00% 72.47%

Distributions

DUGCX - Distributions

Dividend Yield Analysis

DUGCX Category Low Category High DUGCX % Rank
Dividend Yield 0.00% 0.00% 5.81% 32.56%

Dividend Distribution Analysis

DUGCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

DUGCX Category Low Category High DUGCX % Rank
Net Income Ratio 3.34% 0.96% 18.14% 66.67%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

DUGCX - Fund Manager Analysis

Managers

J. Hillmeyer


Start Date

Tenure

Tenure Rank

Nov 28, 2011

8.76

8.8%

J. David Hillmeyer is head of multisector/global fixed income in the Americas. He is co-portfolio manager for the fixed rate diversified multisector, core plus, and investment grade corporate bond strategies. Prior to joining Delaware Investments in August 2007 as a vice president and corporate bond trader, he worked for more than 11 years in various roles at Hartford Investment Management Company, including senior corporate bond trader, high yield portfolio manager / trader, and quantitative analyst. He began his career as an investment advisor in January 1989 at Shawmut Bank, leaving the firm as an investment officer in November 1995. Hillmeyer earned his bachelor’s degree from Colorado State University, and he is a member of the CFA Society of Philadelphia and the Philadelphia Council for Business Economics.

Craig Dembek


Start Date

Tenure

Tenure Rank

Dec 04, 2012

7.75

7.8%

Craig C. Dembek is head of credit research and senior research analyst on Delaware Management Company's taxable fixed income team with primary responsibility for banks, brokers, insurance companies, and real estate investment trusts (REITs). 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.

Paul Matlack


Start Date

Tenure

Tenure Rank

Dec 04, 2012

7.75

7.8%

Paul A. Matlack, CFA Senior Vice President, Senior Portfolio Manager, Fixed Income Strategist Paul A. Matlack is a strategist and senior portfolio manager for Delaware'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 McCarthy


Start Date

Tenure

Tenure Rank

Dec 04, 2012

7.75

7.8%

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.

Adam Brown


Start Date

Tenure

Tenure Rank

Nov 27, 2015

4.76

4.8%

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.

Daniela Mardarovici


Start Date

Tenure

Tenure Rank

Mar 19, 2019

1.45

1.5%

Ms. Mardarovici joined Macquarie Investment Management (MIM) in March 2019 as Senior Vice President and co-head of the firm’s multisector and core plus strategies. Prior to joining the firm, she spent more than 13 years at BMO Global Asset Management as a senior portfolio manager. Since 2014, she was a member of the management committee of TCH, BMO’s US fixed income group, and helped lead business strategy and development efforts. Mardarovici was also responsible for driving investment strategy and managing institutional portfolios and mutual funds across a wide spectrum of strategies,

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 29.32 5.81 5.67