Delaware Ivy Science and Technology Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
36.1%
1 yr return
55.3%
3 Yr Avg Return
9.6%
5 Yr Avg Return
17.8%
Net Assets
$5.78 B
Holdings in Top 10
58.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.91%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 53.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ISTIX - Profile
Distributions
- YTD Total Return 36.1%
- 3 Yr Annualized Total Return 9.6%
- 5 Yr Annualized Total Return 17.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.59%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDelaware Ivy Science and Technology Fund
-
Fund Family NameDelaware Funds by Macquarie
-
Inception DateApr 04, 2007
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBradley Warden
Fund Description
Delaware Ivy Science and Technology Fund invests primarily in the equity securities of science and technology companies around the globe. Under normal circumstances, the Fund invests at least 80% of its net assets in securities of science or technology companies. Such companies may include companies that, in the opinion of Delaware Management Company (Manager), the Fund’s investment manager, derive a competitive advantage by the application of scientific or technological developments or discoveries to grow their business or increase their competitive advantage. Science and technology companies are companies whose products, processes or services, in the opinion of the Manager, are being, or are expected to be, significantly benefited by the use or commercial application of scientific or technological developments or discoveries. The Fund also may invest in companies that utilize science and/or technology as an agent of change to significantly enhance their business opportunities (applied science and technology companies). The Fund may invest in securities issued by companies of any size, and may invest without limitation in foreign securities, including securities of issuers within emerging markets.
The Fund is nondiversified, meaning that it may invest a significant portion of its total assets in a limited number of issuers.
The Manager typically emphasizes growth potential in selecting stocks; that is, the Manager seeks companies in which earnings are likely to grow faster than the economy. The Manager aims to identify strong secular trends within industries and then applies a largely bottom-up (researching individual issuers) stock selection process by considering a number of factors in selecting securities for the Fund. These may include but are not limited to a company’s growth potential, earnings potential, quality of management, valuation, financial statements, industry position/market size potential and applicable economic and market conditions, as well as whether a company’s products and services have high barriers to entry. The Fund typically holds a limited number of stocks (generally 35 to 60).
Many of the companies in which the Fund may invest have diverse operations, with products or services in foreign markets. Therefore, the Fund may have indirect exposure to various foreign markets through investments in these companies, even if the Fund is not invested directly in such markets.
Generally, in determining whether to sell a security, the Manager uses the same type of analysis that it uses in buying securities in order to determine whether the security has ceased to offer significant growth potential, has become overvalued and/or whether the company prospects of the issuer have deteriorated due to a change in management, change in strategy and/or a change in its financial characteristics. The Manager also may sell a security to reduce the Fund’s holding in that security, to take advantage of what it believes are more attractive investment opportunities, when a security’s valuation reaches the Manager’s fair value targets, or to raise cash.
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.
ISTIX - Performance
Return Ranking - Trailing
Period | ISTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 36.1% | -20.1% | 49.4% | 5.45% |
1 Yr | 55.3% | -6.9% | 77.1% | 7.73% |
3 Yr | 9.6%* | -35.1% | 28.6% | 33.80% |
5 Yr | 17.8%* | -10.0% | 35.6% | 53.81% |
10 Yr | 15.5%* | 1.8% | 29.2% | 72.19% |
* Annualized
Return Ranking - Calendar
Period | ISTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 25.3% | -5.6% | 96.9% | 90.41% |
2022 | -45.6% | -73.9% | -16.4% | 78.24% |
2021 | -15.8% | -44.6% | 51.5% | 88.37% |
2020 | 26.4% | 5.5% | 154.1% | 89.05% |
2019 | 36.1% | -3.0% | 63.7% | 43.46% |
Total Return Ranking - Trailing
Period | ISTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 36.1% | -20.1% | 49.4% | 5.45% |
1 Yr | 55.3% | -6.9% | 77.1% | 7.73% |
3 Yr | 9.6%* | -35.1% | 28.6% | 33.80% |
5 Yr | 17.8%* | -10.0% | 35.6% | 53.81% |
10 Yr | 15.5%* | 1.8% | 29.2% | 72.19% |
* Annualized
Total Return Ranking - Calendar
Period | ISTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 37.3% | -2.3% | 96.9% | 75.80% |
2022 | -32.3% | -67.5% | -5.9% | 25.00% |
2021 | 15.6% | -17.8% | 59.2% | 49.77% |
2020 | 36.3% | 17.5% | 157.5% | 87.56% |
2019 | 50.5% | 7.5% | 66.9% | 18.85% |
NAV & Total Return History
ISTIX - Holdings
Concentration Analysis
ISTIX | Category Low | Category High | ISTIX % Rank | |
---|---|---|---|---|
Net Assets | 5.78 B | 4.67 M | 81.2 B | 17.19% |
Number of Holdings | 38 | 10 | 317 | 76.92% |
Net Assets in Top 10 | 3.56 B | 1.67 M | 48.8 B | 16.74% |
Weighting of Top 10 | 58.65% | 13.8% | 100.0% | 30.77% |
Top 10 Holdings
- NVIDIA Corp 10.51%
- Microsoft Corp 8.87%
- Meta Platforms Inc 8.60%
- Seagate Technology Holdings PLC 5.58%
- Broadcom Inc 5.15%
- Amazon.com Inc 4.75%
- ASML Holding NV 4.06%
- Lam Research Corp 4.02%
- Pinterest Inc 3.91%
- SAP SE 3.19%
Asset Allocation
Weighting | Return Low | Return High | ISTIX % Rank | |
---|---|---|---|---|
Stocks | 99.67% | 0.00% | 100.77% | 28.96% |
Cash | 0.37% | 0.00% | 30.34% | 69.23% |
Preferred Stocks | 0.00% | 0.00% | 8.61% | 74.21% |
Other | 0.00% | -0.02% | 26.87% | 71.49% |
Convertible Bonds | 0.00% | 0.00% | 0.40% | 66.06% |
Bonds | 0.00% | 0.00% | 87.98% | 66.06% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ISTIX % Rank | |
---|---|---|---|---|
Technology | 65.67% | 2.80% | 100.00% | 66.52% |
Communication Services | 13.28% | 0.00% | 97.05% | 21.72% |
Consumer Cyclical | 8.16% | 0.00% | 32.97% | 34.39% |
Financial Services | 6.70% | 0.00% | 38.36% | 26.70% |
Healthcare | 6.18% | 0.00% | 25.57% | 13.12% |
Utilities | 0.00% | 0.00% | 5.17% | 66.06% |
Real Estate | 0.00% | 0.00% | 15.05% | 75.11% |
Industrials | 0.00% | 0.00% | 38.68% | 91.86% |
Energy | 0.00% | 0.00% | 1.24% | 65.61% |
Consumer Defense | 0.00% | 0.00% | 5.64% | 70.59% |
Basic Materials | 0.00% | 0.00% | 2.38% | 67.87% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ISTIX % Rank | |
---|---|---|---|---|
US | 99.67% | 0.00% | 100.77% | 20.81% |
Non US | 0.00% | 0.00% | 60.23% | 83.26% |
ISTIX - Expenses
Operational Fees
ISTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.91% | 0.08% | 5.04% | 59.09% |
Management Fee | 0.80% | 0.03% | 1.95% | 67.87% |
12b-1 Fee | N/A | 0.00% | 1.00% | 40.13% |
Administrative Fee | N/A | 0.00% | 0.50% | 9.78% |
Sales Fees
ISTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
ISTIX 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.
ISTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 53.00% | 0.69% | 281.00% | 66.48% |
ISTIX - Distributions
Dividend Yield Analysis
ISTIX | Category Low | Category High | ISTIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 7.82% | 73.76% |
Dividend Distribution Analysis
ISTIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Monthly | Annual |
Net Income Ratio Analysis
ISTIX | Category Low | Category High | ISTIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.59% | -2.30% | 2.08% | 60.37% |
Capital Gain Distribution Analysis
ISTIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 04, 2023 | $5.331 | CapitalGainLongTerm |
Dec 02, 2022 | $12.373 | CapitalGainLongTerm |
Dec 16, 2021 | $30.867 | OrdinaryDividend |
Dec 10, 2020 | $7.937 | CapitalGainLongTerm |
Dec 12, 2019 | $0.251 | CapitalGainShortTerm |
Dec 12, 2019 | $8.053 | CapitalGainLongTerm |
Dec 13, 2018 | $7.451 | CapitalGainLongTerm |
Dec 14, 2017 | $0.369 | CapitalGainShortTerm |
Dec 14, 2017 | $4.168 | CapitalGainLongTerm |
Dec 10, 2015 | $1.260 | CapitalGainLongTerm |
Dec 11, 2014 | $1.165 | CapitalGainShortTerm |
Dec 12, 2013 | $1.317 | CapitalGainLongTerm |
Dec 13, 2012 | $0.189 | CapitalGainLongTerm |
Dec 08, 2011 | $0.132 | CapitalGainShortTerm |
Dec 08, 2011 | $2.130 | CapitalGainLongTerm |
Dec 09, 2010 | $0.444 | CapitalGainShortTerm |
Dec 10, 2009 | $0.235 | CapitalGainShortTerm |
Dec 11, 2008 | $0.449 | CapitalGainShortTerm |
Dec 11, 2008 | $0.736 | CapitalGainLongTerm |
Dec 13, 2007 | $0.827 | CapitalGainShortTerm |
Dec 13, 2007 | $2.710 | CapitalGainLongTerm |
ISTIX - Fund Manager Analysis
Managers
Bradley Warden
Start Date
Tenure
Tenure Rank
Oct 01, 2016
5.67
5.7%
Mr. Warden has held his Fund responsibilities since October 2016. He is Vice President of WRIMCO and IICO and Vice President of the Trust. Mr. Warden joined Waddell & Reed in 2003 as an investment analyst and became an assistant portfolio manager in 2014. He earned a BS degree in Business Administration from Trinity University and an MBA in Finance from the University of Texas – Austin.
Gustaf Zinn
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
Gus Zinn is a Senior Vice President of Waddell & Reed Investment Management Company and Ivy Investment Management Company. Mr. Zinn joined Waddell & Reed in June 1998 as an investment analyst. He was named assistant vice president in January 2002. He assumed assistant portfolio manager responsibilities in July 2003 of the Waddell & Reed Advisors Science & Technology Fund, Ivy Funds VIP Science & Technology, and Ivy Science & Technology Fund. He was appointed vice president in January 2004. He was named co-portfolio manager of the Ivy Core, and appointed to be Senior Vice President in 2009.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 32.43 | 8.25 | 1.41 |