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Name

As of 04/19/2024

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

DELAWARE SMALL CAP CORE FUND

DVZRX | Fund

$69.81

$7.43 B

1.66%

$1.14

0.72%

Vitals

YTD Return

-0.3%

1 yr return

12.7%

3 Yr Avg Return

2.1%

5 Yr Avg Return

6.7%

Net Assets

$7.43 B

Holdings in Top 10

15.4%

52 WEEK LOW AND HIGH

$69.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.72%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 14.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/19/2024

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

DELAWARE SMALL CAP CORE FUND

DVZRX | Fund

$69.81

$7.43 B

1.66%

$1.14

0.72%

DVZRX - Profile

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 6.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.80%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    DELAWARE SMALL CAP CORE FUND
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    May 02, 2016
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Beck

Fund Description

The Fund invests primarily in stocks of small companies that its investment manager, Delaware Management Company (Manager), believes have a combination of attractive valuations, growth prospects, and strong cash flows. Under normal circumstances, at least 80% of the Fund’s net assets, plus the amount of any borrowings for investment purposes, will be in investments of small-capitalization companies (80% policy). The Fund considers small-capitalization companies to be companies within the market capitalization range of the Russell 2000® Index at the time of purchase.

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.

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.

Read More

DVZRX - Performance

Return Ranking - Trailing

Period DVZRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -13.8% 6.6% 26.39%
1 Yr 12.7% -5.6% 30.6% 58.31%
3 Yr 2.1%* -14.1% 66.2% 68.37%
5 Yr 6.7%* -4.5% 46.9% 67.17%
10 Yr N/A* -3.9% 25.9% 45.21%

* Annualized

Return Ranking - Calendar

Period DVZRX Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -18.4% 33.6% 94.48%
2022 -15.9% -36.7% 212.9% 43.92%
2021 28.4% -62.0% 147.6% 22.04%
2020 -2.0% -24.8% 31.3% 74.82%
2019 22.9% -30.1% 34.0% 18.91%

Total Return Ranking - Trailing

Period DVZRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -13.8% 6.6% 26.39%
1 Yr 12.7% -5.6% 30.6% 58.31%
3 Yr 2.1%* -14.1% 66.2% 68.37%
5 Yr 6.7%* -4.5% 46.9% 67.17%
10 Yr N/A* -3.9% 25.9% 42.36%

* Annualized

Total Return Ranking - Calendar

Period DVZRX Return Category Return Low Category Return High Rank in Category (%)
2023 9.7% -15.5% 35.4% 90.51%
2022 -12.1% -36.7% 250.0% 57.43%
2021 34.5% -3.2% 157.9% 27.84%
2020 -1.1% -13.5% 33.4% 76.96%
2019 28.4% -17.4% 34.3% 10.45%

NAV & Total Return History

DVZRX - Holdings

Concentration Analysis

DVZRX Category Low Category High DVZRX % Rank
Net Assets 7.43 B 2.13 M 52.9 B 4.16%
Number of Holdings 138 10 1578 33.04%
Net Assets in Top 10 1.06 B 180 K 3.01 B 9.63%
Weighting of Top 10 15.39% 0.3% 88.4% 63.82%

Top 10 Holdings

  1. Permian Resources Corp 1.78%
  2. Federal Signal Corp 1.77%
  3. Patterson-UTI Energy Inc 1.65%
  4. Applied Industrial Technologies Inc 1.64%
  5. Boise Cascade Co 1.51%
  6. Taylor Morrison Home Corp 1.50%
  7. Steven Madden Ltd 1.44%
  8. Prestige Consumer Healthcare Inc 1.41%
  9. Summit Materials Inc 1.37%
  10. Minerals Technologies Inc 1.32%

Asset Allocation

Weighting Return Low Return High DVZRX % Rank
Stocks 		98.02% 0.99% 104.11% 59.08%
Cash 		1.98% 0.00% 99.01% 43.54%
Preferred Stocks 		0.00% 0.00% 2.62% 99.78%
Other 		0.00% -1.78% 40.01% 93.44%
Convertible Bonds 		0.00% 0.00% 2.63% 99.78%
Bonds 		0.00% 0.00% 73.18% 99.78%

Stock Sector Breakdown

Weighting Return Low Return High DVZRX % Rank
Financial Services 		27.96% 0.00% 35.71% 17.90%
Industrials 		17.86% 0.65% 48.61% 45.64%
Technology 		10.92% 0.00% 34.03% 34.45%
Consumer Cyclical 		9.33% 0.00% 51.62% 70.69%
Energy 		9.31% 0.00% 29.42% 36.91%
Real Estate 		8.74% 0.00% 44.41% 38.26%
Basic Materials 		4.63% 0.00% 67.30% 57.27%
Utilities 		3.66% 0.00% 13.86% 33.11%
Healthcare 		3.43% 0.00% 25.76% 85.46%
Consumer Defense 		2.85% 0.00% 13.22% 66.89%
Communication Services 		1.32% 0.00% 24.90% 76.73%

Stock Geographic Breakdown

Weighting Return Low Return High DVZRX % Rank
US 		98.02% 0.96% 104.11% 47.05%
Non US 		0.00% 0.00% 67.90% 99.78%

DVZRX - Expenses

Operational Fees

DVZRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.05% 37.04% 91.25%
Management Fee 0.63% 0.00% 1.50% 17.11%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

DVZRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DVZRX 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.

DVZRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 7.00% 252.00% 3.76%

DVZRX - Distributions

Dividend Yield Analysis

DVZRX Category Low Category High DVZRX % Rank
Dividend Yield 1.66% 0.00% 14.65% 13.79%

Dividend Distribution Analysis

DVZRX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

DVZRX Category Low Category High DVZRX % Rank
Net Income Ratio 0.80% -1.43% 4.13% 25.28%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DVZRX - Fund Manager Analysis

Managers

Christopher Beck

Start Date

Tenure

Tenure Rank

May 01, 1997

25.1

25.1%

Christopher S. Beck leads Delaware Management Company's US Small-Mid Cap Value Equity team. He is also a member of the Macquarie Investment Management (MIM) Global Management Committee. Prior to joining MIM in 1997 as a vice president and senior portfolio manager, he was vice president at Pitcairn Trust from 1995 to 1997, where he managed small-capitalization stocks and analyzed equity sectors. Before that he was chief investment officer of the University of Delaware from 1992 to 1995 and held management positions during his seven years at Cypress Capital Management and four years at Wilmington Trust. Beck earned a bachelor's degree at the University of Delaware and an MBA from Lehigh University, and he is a member of the CFA Society of Philadelphia and past president of the Wilmington Society of Securities Analysts.

Kelley Carabasi

Start Date

Tenure

Tenure Rank

Jul 01, 2012

9.92

9.9%

Kelley McKee Carabasi is a senior portfolio manager for the US Small-Mid Cap Value Equity team. She assumed portfolio management responsibilities in July 2012. She joined the team in July 2005 as an equity analyst. She is responsible for the analysis, purchase, and sale recommendations of basic industry, capital spending, and utilities securities for the firm's US Small-Mid Cap Value Equity portfolios. Prior to joining Macquarie Investment Management (MIM) she participated in Lincoln Financial Group's rotational Professional Development Program for three years. Carabasi earned a bachelor's degree in finance from Georgetown University and an MBA from The Wharton School of the University of Pennsylvania.

Steven Catricks

Start Date

Tenure

Tenure Rank

Jul 01, 2012

9.92

9.9%

Steven G. Catricks is a senior portfolio manager for the US Small-Mid Cap Value Equity team. He assumed portfolio management responsibilities in July 2012. He joined the team in October 2010 as a senior equity analyst. He is responsible for the analysis, purchase, and sale recommendations of technology and business services securities for the firm's US Small-Mid Cap Value Equity portfolios. Prior to joining the US Small-Mid Cap Value Equity team, he was a portfolio manager for the firm's Strategic Small-Cap Value team, focusing on the technology, healthcare, and telecommunication services sectors. He joined Macquarie Investment Management (MIM) in 2001 as an equity analyst, performing research and analysis for the firm's Emerging Growth Equity team. Previously, Catricks was an equity analyst at BlackRock Financial from 1999 to 2001, where he specialized in small-capitalization growth stocks. He also worked as a systems engineer at Dow Jones/Factiva, and as a senior systems engineer at GE Aerospace/Lockheed Martin. He started his career as a systems engineer at the Naval Air Development Center, where he spent 15 years. Catricks holds a bachelor's degree in electrical engineering from Drexel University and a master's degree in engineering from the University of Pennsylvania, and has nearly 20 years of experience in the technology industry. Catricks is a member of the Institute of Electrical and Electronics Engineers.

Kent Madden

Start Date

Tenure

Tenure Rank

Jul 01, 2012

9.92

9.9%

Kent P. Madden is a senior portfolio manager for the US Small-Mid Cap Value Equity team. He assumed portfolio management responsibilities in July 2012. He joined the team in December 2004 as an equity analyst and was promoted to senior equity analyst in October 2010. He is responsible for the analysis, purchase, and sale recommendations of consumer services, consumer cyclicals, consumer staples, healthcare, and transportation stocks for the firm's US Small-Mid Cap Value Equity portfolios. Prior to joining Macquarie Investment Management (MIM) he was an equity analyst at Gartmore Global Investments, where he specialized in technology and telecommunications. He has also worked as an equity analyst for Federated Investors, where he gained experience covering small-capitalization consumer stocks, and Lehman Brothers as a corporate finance analyst. Madden holds a bachelor's degree in economics from DePauw University and an MBA from the University of Chicago.

Michael Foley

Start Date

Tenure

Tenure Rank

Jul 01, 2019

2.92

2.9%

Michael Foley is a senior portfolio manager for the US Small-Mid Cap Value Equity team. He assumed portfolio management responsibilities in July 2019. He joined Macquarie Investment Management (MIM) in February 2015 as a senior equity analyst for the US Small-Mid Cap Value Equity team. Foley is responsible for the analysis, purchase, and sale recommendations of financial services and real estate investment trust (REIT) securities for the firm's US Small-Mid Cap Value Equity portfolios. Prior to joining the firm, Foley was an associate at Patriot Financial Partners, a private equity firm, from August 2011 to February 2015, focusing on the analysis of companies in the financial services sector. He started his career with Janney Montgomery Scott where he worked as an investment banking analyst within the financial institutions group from August 2009 to August 2011. Foley earned a bachelor's degree in economics with dual concentrations in finance and accounting from The Wharton School of the University of Pennsylvania. Foley is on the board of directors of the McNamee Scholars Program.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.45 8.15 3.58

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