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Trending ETFs

Name

As of 10/07/2024

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

$9.85

$83.5 M

3.45%

$0.34

1.27%

Vitals

YTD Return

6.8%

1 yr return

17.4%

3 Yr Avg Return

1.8%

5 Yr Avg Return

4.8%

Net Assets

$83.5 M

Holdings in Top 10

15.6%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.27%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 57.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/07/2024

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

$9.85

$83.5 M

3.45%

$0.34

1.27%

IMAYX - Profile

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.61%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Delaware Ivy Multi-Asset Income Fund
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Oct 01, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jurgen Wurzer

Fund Description

Delaware Ivy Multi-Asset Income Fund seeks to achieve its objective by primarily investing its assets among a diversified portfolio of global equity and equity-income generating securities, including but not limited to infrastructure securities, natural resource securities, master limited partnerships (MLPs), and global real estate securities which are primarily equity and equity-related securities issued by “Global Real Estate Companies.” The Fund may also invest in high-yield, high-risk, fixed-income securities of US and foreign issuers, as well as investment grade debt and inflation-linked bonds.

The portfolio targets approximately 30% high yield, high income securities; 40% in global equity and income generating equity securities and approximately 10% in global real estate securities. Together, these allocations determine the 80% policy. The Fund has flexibility in the relative weightings given to each of these categories.

Under normal market conditions, the Fund will invest at least 30% of its net assets in foreign securities, including emerging markets issuers. The Fund may purchase both equity and fixed income securities. The Fund may invest in securities of companies or issuers of any size market capitalization.

Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), the Fund's sub-advisor that is primarily responsible for the day-to-day management of the portfolio, uses an active allocation approach when selecting investments for the Fund. In addition, the Fund may, in the future, invest in additional investment categories other than those listed herein, to the extent consistent with the Fund's investment objective.

The high yield portion of the portfolio is a diversified portfolio of high-yield, high-risk, fixed-income securities, including secured and unsecured loan assignments, loan participations and other loan instruments (loans), of US and foreign issuers, the risks of which are, in the Manager’s judgment, consistent with the Fund’s objectives. The Fund invests the assets allocated to this portion of the portfolio primarily in lower-quality debt securities, which include debt securities rated BB+ or lower by S&P Global Ratings, a division of S&P Global Inc. (S&P), or comparably rated by another nationally recognized statistical rating organization (NRSRO or, if unrated, determined by the Manager to be of comparable quality. The Fund may invest an unlimited amount of the assets allocated to this portion of the portfolio in junk bonds. The Fund may invest assets allocated to the high income strategy in fixed-income securities of any maturity. The Manager may invest up to 100% of this portion of the portfolio's assets in foreign securities that are denominated in US dollars or foreign currencies.

The Fund may also invest in other fixed-income securities, including investment grade debt, which include debt securities rated BBB- or higher by S&P, or comparably rated by another NRSRO or, if unrated, determined by the Manager to be of comparable quality. The Fund may invest in inflation-linked securities including US and Global TIPS securities (generally sovereign debt with inflation-linked coupon step-ups). The Fund may invest in fixed-income securities of any maturity. The Fund may invest in foreign securities that are denominated in US dollars or foreign currencies.

The Fund may use a wide range of derivatives instruments, typically including forward foreign currency contracts, options, futures contracts, options on futures contracts, and credit default swaps. The Fund will use derivatives for both hedging and non-hedging purposes; as a substitute for purchasing or selling securities; and to manage the Fund's portfolio characteristics. 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; and credit default swaps to hedge against a credit event, to gain exposure to certain securities or markets, or to enhance total return.

Within the global equity portion, under normal circumstances, the Fund invests primarily in equity securities, including dividend-paying common stocks, from across the globe. Although this portion of the portfolio invests primarily in large capitalization companies (typically companies with market capitalizations of at least $10 billion at the time of acquisition), it may invest in companies of any size. This portion of the portfolio might also invest in infrastructure securities that derive at least 50% of their revenues or profits directly or indirectly from infrastructure assets, or commit at least 50% of its assets to activities related to infrastructure. Infrastructure securities can include MLPs. The equity portion of the portfolio can also invest in natural resources companies that (i) derives at least 50% of its revenues, profits or value, either directly or indirectly, from natural resources assets including, but not limited to: (a) timber and agriculture assets and securities; (b) commodities and commodity-linked assets and securities, including, but not limited to, precious metals, such as gold, silver and platinum, ferrous and nonferrous metals, such as iron, aluminum and copper, metals such as uranium and titanium, hydrocarbons such as coal, oil and natural gas, timberland, undeveloped real property and agricultural commodities; and (c) energy, including the exploration, production, processing and manufacturing of hydrocarbon-related and chemical-related products; or (ii) provides supporting services to such natural resources companies.

“Global Real Estate Companies” are companies that meet one of the following criteria: companies qualifying for US Federal income tax purposes as real estate investment trusts (REITs);entities similar to REITs formed under the laws of a country other than the US; companies located in any country that, at the time of initial purchase by this portion of the portfolio, derive at least 50% of their revenues from the ownership, construction, financing, management or sale of commercial, industrial or residential real estate, or that have at least 50% of their assets invested in such real estate; or companies located in any country that are primarily engaged in businesses that sell or offer products or services that are closely related to the real estate industry. The equity and equity-related securities in which this portion of the portfolio invests include common stocks, rights or warrants to purchase common stocks, securities convertible into common stocks, and preferred stocks. This portion of the portfolio does not directly invest in real estate.

In addition, the Manager may seek investment advice and recommendations relating to fixed income securities from its affiliates: Macquarie Investment Management Europe Limited (MIMEL and Macquarie Investment Management Global Limited (MIMGL). The Manager may also permit MIMGL to execute Fund equity security trades on behalf of the Manager. The Manager may also permit MIMEL and MIMGL to exercise investment discretion and perform trading for fixed income securities in certain markets where the Manager believes it will be beneficial to utilize MIMEL’s or MIMGL’s specialized market knowledge, and the Manager may also seek quantitative support from MIMGL. MIMGL is also responsible for managing real estate investment trust securities and other equity asset classes to which the portfolio managers may allocate assets from time to time.

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IMAYX - Performance

Return Ranking - Trailing

Period IMAYX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -23.7% 16.4% 42.70%
1 Yr 17.4% -8.9% 48.3% 57.94%
3 Yr 1.8%* -2.2% 16.4% 77.95%
5 Yr 4.8%* -0.7% 13.4% 73.83%
10 Yr N/A* 0.9% 11.8% N/A

* Annualized

Return Ranking - Calendar

Period IMAYX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% -40.8% 20.6% 30.82%
2022 -19.7% -21.0% 24.5% 67.88%
2021 7.1% -24.2% 27.8% 78.50%
2020 -0.4% -23.1% 11.7% 50.50%
2019 9.3% -100.0% 20.6% 80.11%

Total Return Ranking - Trailing

Period IMAYX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -23.7% 16.4% 42.27%
1 Yr 17.4% -12.8% 48.3% 53.18%
3 Yr 1.8%* -3.4% 16.4% 72.93%
5 Yr 4.8%* -1.1% 13.4% 68.19%
10 Yr N/A* 0.9% 11.8% N/A

* Annualized

Total Return Ranking - Calendar

Period IMAYX Return Category Return Low Category Return High Rank in Category (%)
2023 9.2% -40.8% 20.6% 30.82%
2022 -12.0% -21.0% 24.5% 67.88%
2021 11.8% -24.2% 27.8% 79.91%
2020 3.9% -23.1% 11.7% 3.23%
2019 15.4% -2.9% 23.1% 66.76%

NAV & Total Return History


IMAYX - Holdings

Concentration Analysis

IMAYX Category Low Category High IMAYX % Rank
Net Assets 83.5 M 1.12 M 110 B 62.20%
Number of Holdings 487 2 10961 31.52%
Net Assets in Top 10 13.3 M -31.7 M 22 B 68.48%
Weighting of Top 10 15.61% 10.8% 100.0% 87.36%

Top 10 Holdings

  1. Vanguard High Dividend Yield ETF 4.70%
  2. Vanguard International High Dividend Yield ETF 3.12%
  3. Unilever PLC 1.09%
  4. Koninklijke Ahold Delhaize NV 1.08%
  5. FORESIGHT ENERGY 0.96%
  6. Nestle SA 0.96%
  7. NEW COTAI EQUITY 0.94%
  8. Visa Inc 0.93%
  9. Diageo PLC 0.92%
  10. SAP SE 0.91%

Asset Allocation

Weighting Return Low Return High IMAYX % Rank
Stocks
60.26% -45.72% 98.42% 73.07%
Bonds
36.51% -39.76% 93.84% 13.99%
Cash
2.45% -97.12% 185.58% 74.53%
Preferred Stocks
0.77% -0.03% 14.00% 24.22%
Convertible Bonds
0.12% 0.00% 25.49% 57.20%
Other
-0.01% -1.25% 197.12% 42.80%

Stock Sector Breakdown

Weighting Return Low Return High IMAYX % Rank
Consumer Defense
18.63% 0.00% 31.85% 1.70%
Real Estate
18.60% 0.00% 90.14% 16.35%
Industrials
11.96% 0.09% 32.39% 78.13%
Healthcare
11.92% 0.00% 30.30% 1.91%
Basic Materials
9.92% 0.00% 60.23% 79.41%
Energy
8.64% 0.00% 38.61% 96.39%
Utilities
7.80% 0.00% 40.29% 88.11%
Consumer Cyclical
6.85% 0.00% 20.84% 57.11%
Communication Services
1.93% 0.00% 28.59% 78.34%
Financial Services
1.92% 0.00% 30.34% 87.26%
Technology
1.84% 0.00% 39.48% 80.04%

Stock Geographic Breakdown

Weighting Return Low Return High IMAYX % Rank
Non US
30.64% -46.69% 57.06% 22.96%
US
29.62% -4.82% 95.75% 82.67%

Bond Sector Breakdown

Weighting Return Low Return High IMAYX % Rank
Corporate
86.68% 0.00% 99.90% 4.80%
Securitized
3.98% 0.00% 83.28% 55.11%
Government
1.84% 0.00% 98.64% 83.51%
Cash & Equivalents
1.47% 0.10% 100.00% 88.52%
Municipal
0.00% 0.00% 31.28% 16.08%
Derivative
-0.01% 0.00% 41.88% 64.09%

Bond Geographic Breakdown

Weighting Return Low Return High IMAYX % Rank
US
36.43% -177.12% 87.76% 13.15%
Non US
0.08% -39.00% 137.36% 36.12%

IMAYX - Expenses

Operational Fees

IMAYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.27% 0.16% 2.71% 44.05%
Management Fee 0.70% 0.00% 1.70% 52.68%
12b-1 Fee 0.25% 0.00% 1.00% 29.48%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

IMAYX 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% 5.50% N/A

Trading Fees

IMAYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

IMAYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 57.00% 0.00% 441.00% 47.13%

IMAYX - Distributions

Dividend Yield Analysis

IMAYX Category Low Category High IMAYX % Rank
Dividend Yield 3.45% 0.00% 10.92% 52.81%

Dividend Distribution Analysis

IMAYX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

IMAYX Category Low Category High IMAYX % Rank
Net Income Ratio 3.61% -5.20% 6.33% 8.93%

Capital Gain Distribution Analysis

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

Distributions History

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IMAYX - Fund Manager Analysis

Managers

Jurgen Wurzer


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

Jürgen Wurzer rejoined Macquarie Investment Management Austria Kapitalanlage AG (MIMAK) in April 2018 as deputy head of portfolio management for the firm’s global multi asset team based in Vienna. Prior to that, he worked at Erste Asset Management as a senior fund manager on the multi asset management team, where he worked from September 2016 to March 2018. Wurzer previously worked at MIMAK from January 2007 to August 2016, leaving the firm as senior investment manager on the global multi asset team. He graduated from University of Applied Sciences Wiener Neustadt with a master’s degree. Wurzer is a lecturer for asset allocation, quantitative finance, portfolio, and risk management at several educational institutions.

Stefan Löwenthal


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

Stefan Löwenthal is the chief investment officer for Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), a role he assumed in February 2013. He heads the global multi asset team based in Vienna, which is responsible for all asset allocation and security selection decisions, the management of mutual funds, as well as the development of new investment strategies. In addition, Löwenthal oversees the investment policy committee, which is responsible for strategic investment decisions at MIMAK. He began his career with Macquarie in February 2008 as a portfolio manager. He holds a Master of Management Science from Vienna University of Economics and Business. Löwenthal is a lecturer for economics at the IMC University of applied sciences in Krems (Austria) and the Qiongzhou University in Sanya (China).

Aaron Young


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

Mr. Young is Vice President of IICO and WRIMCO and Vice President of the Trust. He joined IICO in 2005 as a fixed-income analyst with an emphasis in credit research and derivative securities. Mr. Young joined the Asset Strategy team as an investment analyst in 2007. He has served as an assistant portfolio manager of investment companies managed by IICO and WRIMCO since 2012. Mr. Young earned a BA in Philosophy from the University of Missouri and holds an MBA with an emphasis in Finance and Strategy from the Olin School of Business at Washington University

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 30.27 6.52 9.25