Delaware Strategic Income Fund
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.3%
1 yr return
12.3%
3 Yr Avg Return
1.2%
5 Yr Avg Return
3.3%
Net Assets
$207 M
Holdings in Top 10
16.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.95%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 89.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DUGIX - Profile
Distributions
- YTD Total Return 6.3%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.79%
- Dividend Yield 6.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameDelaware Strategic Income Fund
-
Fund Family NameDelaware Funds by Macquarie
-
Inception DateMar 25, 1997
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJ. Hillmeyer
Fund Description
Under normal circumstances, the Manager will invest at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, in US and foreign debt securities, including those in emerging markets (80% policy). Debt securities include all varieties of fixed, variable and floating rate income securities, including bonds, US and foreign government and agency securities, corporate loans (and loan participations), and mortgage-backed securities and other asset-backed securities. To achieve the Fund's investment objective, 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.
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 may invest up to 100% of its net assets in high yield, lower-quality debt securities (also known as “junk bonds”).
The Fund may invest up to 100% of its net assets in foreign securities, including emerging markets securities. The Fund’s total non-US dollar currency exposure may reach 100% of net assets. Due to the manner in which the Fund is managed, it may be subject to a high rate of portfolio turnover.
The Fund may hold a substantial portion of its assets in cash or short-term fixed income obligations in unusual market conditions to meet redemption requests, for temporary defensive purposes, andpending investment. The Fund may also use a wide range of derivatives instruments, typically including forward foreign currency contracts, options, futures contracts, options on futures contracts, and swaps. The Fund may use derivatives for both hedging and nonhedging purposes. For example, the Fund may invest in: futures and options to manage duration and for defensive purposes, such as to protect gains or hedge against potential losses in the portfolio without actually selling a security, or to stay fully invested; forward foreign currency contracts to manage foreign currency exposure; interest rate swaps to neutralize the impact of interest rate changes; credit default swaps to hedge against a credit event, to gain exposure to certain securities or markets, or to enhance total return; and index swaps to enhance return or to affect diversification.
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.
DUGIX - Performance
Return Ranking - Trailing
Period | DUGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.3% | -10.6% | 16.9% | 32.67% |
1 Yr | 12.3% | -7.3% | 23.8% | 17.57% |
3 Yr | 1.2%* | -17.1% | 16.0% | 43.92% |
5 Yr | 3.3%* | -14.7% | 14.0% | 23.38% |
10 Yr | 3.0%* | -7.2% | 6.7% | 33.61% |
* Annualized
Return Ranking - Calendar
Period | DUGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.0% | -12.0% | 8.9% | 26.50% |
2022 | -14.4% | -31.8% | 18.4% | 63.67% |
2021 | -2.7% | -16.2% | 25.7% | 72.06% |
2020 | 5.5% | -31.1% | 18.7% | 11.90% |
2019 | 7.3% | -6.1% | 15.3% | 16.70% |
Total Return Ranking - Trailing
Period | DUGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.3% | -10.6% | 16.9% | 32.67% |
1 Yr | 12.3% | -7.3% | 23.8% | 17.57% |
3 Yr | 1.2%* | -17.1% | 16.0% | 43.92% |
5 Yr | 3.3%* | -14.7% | 14.0% | 23.38% |
10 Yr | 3.0%* | -7.2% | 6.7% | 33.61% |
* Annualized
Total Return Ranking - Calendar
Period | DUGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.2% | -6.9% | 22.2% | 19.11% |
2022 | -10.0% | -31.8% | 21.1% | 59.08% |
2021 | 1.6% | -13.5% | 49.9% | 58.99% |
2020 | 10.0% | -28.6% | 24.1% | 7.46% |
2019 | 12.2% | -4.8% | 19.1% | 13.24% |
NAV & Total Return History
DUGIX - Holdings
Concentration Analysis
DUGIX | Category Low | Category High | DUGIX % Rank | |
---|---|---|---|---|
Net Assets | 207 M | 2.53 M | 143 B | 73.17% |
Number of Holdings | 260 | 4 | 9195 | 68.43% |
Net Assets in Top 10 | 37.4 M | -204 M | 80.4 B | 81.49% |
Weighting of Top 10 | 16.65% | 5.8% | 265.8% | 76.49% |
Top 10 Holdings
- Connecticut Avenue Securities Trust 2023-R07 2.34%
- BlackRock Liquidity FedFund 2.29%
- Fidelity Government Portfolio 2.29%
- MSILF Government Portfolio 2.29%
- Goldman Sachs Financial Square Government Fund 2.29%
- Connecticut Avenue Securities Trust 2023-R08 1.15%
- Sealed Air Corp 1.01%
- PEER HOLDING III BV 1.01%
- IRON MOUNTAIN INC 0.99%
- TRANS UNION LLC6/06/2031 0.99%
Asset Allocation
Weighting | Return Low | Return High | DUGIX % Rank | |
---|---|---|---|---|
Bonds | 97.47% | 0.00% | 199.60% | 25.97% |
Cash | 9.16% | -94.66% | 91.07% | 21.00% |
Convertible Bonds | 3.33% | 0.00% | 33.50% | 28.59% |
Stocks | 1.38% | -6.18% | 99.66% | 37.79% |
Other | 0.42% | -73.61% | 147.15% | 68.58% |
Preferred Stocks | 0.01% | 0.00% | 26.42% | 40.12% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DUGIX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 23.59% |
Technology | 0.00% | 0.00% | 28.30% | 75.08% |
Real Estate | 0.00% | 0.00% | 100.00% | 73.42% |
Industrials | 0.00% | 0.00% | 100.00% | 78.07% |
Healthcare | 0.00% | 0.00% | 18.60% | 78.41% |
Financial Services | 0.00% | 0.00% | 100.00% | 80.73% |
Energy | 0.00% | 0.00% | 100.00% | 80.07% |
Communication Services | 0.00% | 0.00% | 100.00% | 77.74% |
Consumer Defense | 0.00% | 0.00% | 99.97% | 73.75% |
Consumer Cyclical | 0.00% | 0.00% | 89.95% | 79.40% |
Basic Materials | 0.00% | 0.00% | 100.00% | 75.75% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DUGIX % Rank | |
---|---|---|---|---|
US | 0.91% | -6.18% | 99.66% | 37.79% |
Non US | 0.48% | -0.26% | 17.73% | 6.38% |
Bond Sector Breakdown
Weighting | Return Low | Return High | DUGIX % Rank | |
---|---|---|---|---|
Corporate | 57.20% | 0.00% | 96.66% | 25.68% |
Securitized | 20.23% | 0.00% | 99.65% | 44.78% |
Government | 12.38% | 0.00% | 99.43% | 45.59% |
Cash & Equivalents | 9.16% | 0.00% | 88.00% | 19.03% |
Municipal | 1.04% | 0.00% | 54.26% | 14.93% |
Derivative | 0.41% | -73.61% | 147.15% | 24.49% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DUGIX % Rank | |
---|---|---|---|---|
US | 94.23% | 0.00% | 199.60% | 22.86% |
Non US | 3.23% | 0.00% | 74.14% | 46.19% |
DUGIX - Expenses
Operational Fees
DUGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.95% | 0.03% | 20.67% | 64.19% |
Management Fee | 0.55% | 0.00% | 2.29% | 37.50% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
DUGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.50% | N/A |
Trading Fees
DUGIX 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.
DUGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 89.00% | 0.00% | 632.00% | 58.27% |
DUGIX - Distributions
Dividend Yield Analysis
DUGIX | Category Low | Category High | DUGIX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.26% | 0.00% | 23.30% | 40.52% |
Dividend Distribution Analysis
DUGIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Monthly | Monthly |
Net Income Ratio Analysis
DUGIX | Category Low | Category High | DUGIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.79% | -1.55% | 11.51% | 22.27% |
Capital Gain Distribution Analysis
DUGIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 31, 2024 | $0.042 | OrdinaryDividend |
Sep 30, 2024 | $0.039 | OrdinaryDividend |
Aug 30, 2024 | $0.043 | OrdinaryDividend |
Jul 31, 2024 | $0.044 | OrdinaryDividend |
Apr 30, 2024 | $0.034 | OrdinaryDividend |
Mar 28, 2024 | $0.037 | OrdinaryDividend |
Feb 29, 2024 | $0.034 | OrdinaryDividend |
Jan 31, 2024 | $0.036 | OrdinaryDividend |
Dec 29, 2023 | $0.035 | OrdinaryDividend |
Nov 30, 2023 | $0.033 | OrdinaryDividend |
Oct 31, 2023 | $0.034 | OrdinaryDividend |
Sep 29, 2023 | $0.031 | OrdinaryDividend |
Aug 31, 2023 | $0.032 | OrdinaryDividend |
Jul 31, 2023 | $0.032 | OrdinaryDividend |
Jun 30, 2023 | $0.032 | OrdinaryDividend |
May 31, 2023 | $0.032 | OrdinaryDividend |
Apr 28, 2023 | $0.032 | OrdinaryDividend |
Mar 31, 2023 | $0.033 | OrdinaryDividend |
Feb 28, 2023 | $0.029 | OrdinaryDividend |
Jan 31, 2023 | $0.031 | OrdinaryDividend |
Dec 30, 2022 | $0.031 | OrdinaryDividend |
Nov 30, 2022 | $0.030 | OrdinaryDividend |
Oct 31, 2022 | $0.031 | OrdinaryDividend |
Sep 30, 2022 | $0.029 | OrdinaryDividend |
Aug 31, 2022 | $0.030 | OrdinaryDividend |
Jul 29, 2022 | $0.030 | OrdinaryDividend |
Jun 30, 2022 | $0.028 | OrdinaryDividend |
May 31, 2022 | $0.028 | OrdinaryDividend |
Apr 29, 2022 | $0.028 | OrdinaryDividend |
Mar 31, 2022 | $0.029 | OrdinaryDividend |
Feb 28, 2022 | $0.026 | OrdinaryDividend |
Jan 31, 2022 | $0.028 | OrdinaryDividend |
Dec 31, 2021 | $0.027 | OrdinaryDividend |
Nov 30, 2021 | $0.026 | OrdinaryDividend |
Oct 29, 2021 | $0.028 | OrdinaryDividend |
Sep 30, 2021 | $0.028 | OrdinaryDividend |
Aug 31, 2021 | $0.027 | OrdinaryDividend |
Jul 30, 2021 | $0.000 | ReturnOfCapital |
Jul 30, 2021 | $0.031 | OrdinaryDividend |
Jun 30, 2021 | $0.000 | ReturnOfCapital |
Jun 30, 2021 | $0.027 | OrdinaryDividend |
May 28, 2021 | $0.000 | ReturnOfCapital |
May 28, 2021 | $0.028 | OrdinaryDividend |
Apr 30, 2021 | $0.000 | ReturnOfCapital |
Apr 30, 2021 | $0.032 | OrdinaryDividend |
Mar 31, 2021 | $0.000 | ReturnOfCapital |
Mar 31, 2021 | $0.028 | OrdinaryDividend |
Feb 26, 2021 | $0.000 | ReturnOfCapital |
Feb 26, 2021 | $0.026 | OrdinaryDividend |
Jan 29, 2021 | $0.000 | ReturnOfCapital |
Jan 29, 2021 | $0.029 | OrdinaryDividend |
Dec 31, 2020 | $0.030 | OrdinaryDividend |
Nov 30, 2020 | $0.028 | OrdinaryDividend |
Oct 30, 2020 | $0.035 | OrdinaryDividend |
Sep 22, 2020 | $0.027 | OrdinaryDividend |
Aug 21, 2020 | $0.028 | OrdinaryDividend |
Jul 22, 2020 | $0.001 | ReturnOfCapital |
Jul 22, 2020 | $0.028 | OrdinaryDividend |
Jun 22, 2020 | $0.001 | ReturnOfCapital |
Jun 22, 2020 | $0.024 | OrdinaryDividend |
May 22, 2020 | $0.001 | ReturnOfCapital |
May 22, 2020 | $0.029 | OrdinaryDividend |
Apr 22, 2020 | $0.001 | ReturnOfCapital |
Apr 22, 2020 | $0.027 | OrdinaryDividend |
Mar 20, 2020 | $0.001 | ReturnOfCapital |
Mar 20, 2020 | $0.024 | OrdinaryDividend |
Feb 21, 2020 | $0.001 | ReturnOfCapital |
Feb 21, 2020 | $0.029 | OrdinaryDividend |
Jan 22, 2020 | $0.001 | ReturnOfCapital |
Jan 22, 2020 | $0.029 | OrdinaryDividend |
Dec 20, 2019 | $0.028 | OrdinaryDividend |
Nov 22, 2019 | $0.031 | OrdinaryDividend |
Oct 22, 2019 | $0.031 | OrdinaryDividend |
Sep 20, 2019 | $0.029 | OrdinaryDividend |
Aug 22, 2019 | $0.028 | OrdinaryDividend |
Jul 22, 2019 | $0.027 | OrdinaryDividend |
Nov 21, 2012 | $0.019 | CapitalGainLongTerm |
DUGIX - Fund Manager Analysis
Managers
J. Hillmeyer
Start Date
Tenure
Tenure Rank
Nov 28, 2011
10.51
10.5%
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.
Daniela Mardarovici
Start Date
Tenure
Tenure Rank
Mar 19, 2019
3.2
3.2%
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 | 28.19 | 5.71 | 3.19 |