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DELAWARE SMALL CAP VALUE FUND
mutual fund
DEVIX
Payout Change
Pending
Price as of:
$82.91
-0.59
-0.71%
primary theme
U.S. Small-Cap Value Equity
share class
DEVIX (Mutual Fund)
DELAWARE SMALL CAP VALUE FUND
Payout Change
Pending
Price as of:
$82.91
-0.59
-0.71%
primary theme
U.S. Small-Cap Value Equity
share class
DEVIX (Mutual Fund)
DELAWARE SMALL CAP VALUE FUND
Payout Change
Pending
Price as of:
$82.91
-0.59
-0.71%
primary theme
U.S. Small-Cap Value Equity
share class
Name
As of 12/09/2024Price
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
Vitals
YTD Return
18.5%
1 yr return
25.4%
3 Yr Avg Return
5.1%
5 Yr Avg Return
9.2%
Net Assets
$4.73 B
Holdings in Top 10
16.5%
52 WEEK LOW AND HIGH
$83.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.86%
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 12/09/2024Price
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
DEVIX - Profile
Distributions
- YTD Total Return 18.5%
- 3 Yr Annualized Total Return 5.1%
- 5 Yr Annualized Total Return 9.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.63%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDELAWARE SMALL CAP VALUE FUND
-
Fund Family NameDelaware Funds by Macquarie
-
Inception DateMar 26, 1997
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Beck
Fund Description
The Fund invests primarily in investments of small companies whose stock prices, in the portfolio managers’ opinion, appear low relative to their underlying value or future potential. Among other factors, the Fund’s investment manager, Delaware Management Company (Manager), considers the financial strength of a company, its management, the prospects for its industry, and any anticipated changes within the company that might suggest a more favorable outlook going forward. The Manager focuses on free cash flow in its individual stock selection, seeking companies that it believes have a sustainable ability to buy back shares, lower debt, and/or increase or initiate dividends. 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 with a market capitalization generally less than 3.5 times the dollar-weighted, median market capitalization of the Russell 2000® Index at the time of purchase. The Fund may invest up to 15% of its net assets in real estate investment trusts (REITs).
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.
DEVIX - Performance
Return Ranking - Trailing
| Period | DEVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 18.5% | -4.1% | 31.2% | 18.66% |
| 1 Yr | 25.4% | 5.3% | 40.7% | 22.73% |
| 3 Yr | 5.1%* | -10.0% | 75.3% | 73.28% |
| 5 Yr | 9.2%* | -2.8% | 53.0% | 72.61% |
| 10 Yr | 8.5%* | -2.7% | 28.5% | 38.61% |
* Annualized
Return Ranking - Calendar
| Period | DEVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.2% | -6.0% | 33.6% | 95.20% |
| 2022 | -15.9% | -33.6% | 212.9% | 45.34% |
| 2021 | 28.4% | -62.0% | 147.6% | 24.05% |
| 2020 | -2.1% | -24.8% | 31.3% | 75.45% |
| 2019 | 22.9% | -21.7% | 34.0% | 20.05% |
Total Return Ranking - Trailing
| Period | DEVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 18.5% | -4.1% | 31.2% | 18.66% |
| 1 Yr | 25.4% | 5.3% | 40.7% | 22.73% |
| 3 Yr | 5.1%* | -10.0% | 75.3% | 73.28% |
| 5 Yr | 9.2%* | -2.8% | 53.0% | 72.61% |
| 10 Yr | 8.5%* | -2.7% | 28.5% | 38.61% |
* Annualized
Total Return Ranking - Calendar
| Period | DEVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.5% | 1.8% | 35.4% | 91.61% |
| 2022 | -12.2% | -25.2% | 250.0% | 59.31% |
| 2021 | 34.2% | -3.0% | 157.9% | 31.14% |
| 2020 | -1.2% | -13.5% | 33.4% | 79.07% |
| 2019 | 28.2% | -1.5% | 34.3% | 11.65% |
NAV & Total Return History
DEVIX - Holdings
Concentration Analysis
| DEVIX | Category Low | Category High | DEVIX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.73 B | 2.79 M | 54 B | 11.24% |
| Number of Holdings | 112 | 10 | 1599 | 47.37% |
| Net Assets in Top 10 | 782 M | 1.04 M | 3.62 B | 13.64% |
| Weighting of Top 10 | 16.54% | 5.2% | 92.1% | 58.51% |
Top 10 Holdings
- Hancock Whitney Corp 1.82%
- East West Bancorp Inc 1.75%
- MasTec Inc 1.69%
- Webster Financial Corp 1.66%
- FNB Corp/PA 1.66%
- Axis Capital Holdings Ltd 1.64%
- ITT Inc 1.60%
- Stifel Financial Corp 1.60%
- Synovus Financial Corp 1.60%
- Columbia Banking System Inc 1.52%
Asset Allocation
| Weighting | Return Low | Return High | DEVIX % Rank | |
|---|---|---|---|---|
| Stocks | 98.67% | 6.25% | 105.88% | 42.34% |
| Cash | 1.33% | 0.00% | 37.64% | 56.22% |
| Preferred Stocks | 0.00% | 0.00% | 1.05% | 7.42% |
| Other | 0.00% | -1.07% | 38.91% | 41.87% |
| Convertible Bonds | 0.00% | 0.00% | 2.63% | 4.13% |
| Bonds | 0.00% | 0.00% | 90.12% | 7.18% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DEVIX % Rank | |
|---|---|---|---|---|
| Financial Services | 27.96% | 0.00% | 35.71% | 18.38% |
| Industrials | 17.86% | 0.65% | 48.61% | 44.36% |
| Technology | 10.92% | 0.00% | 27.23% | 32.35% |
| Consumer Cyclical | 9.33% | 0.35% | 51.62% | 71.08% |
| Energy | 9.31% | 0.00% | 29.42% | 36.27% |
| Real Estate | 8.74% | 0.00% | 44.41% | 37.25% |
| Basic Materials | 4.63% | 0.00% | 67.30% | 55.88% |
| Utilities | 3.66% | 0.00% | 13.86% | 31.37% |
| Healthcare | 3.43% | 0.00% | 25.76% | 84.31% |
| Consumer Defense | 2.85% | 0.00% | 13.22% | 67.89% |
| Communication Services | 1.32% | 0.00% | 17.58% | 74.51% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DEVIX % Rank | |
|---|---|---|---|---|
| US | 98.67% | 6.25% | 105.88% | 32.06% |
| Non US | 0.00% | 0.00% | 77.52% | 33.49% |
DEVIX - Expenses
Operational Fees
| DEVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.86% | 0.05% | 37.04% | 82.54% |
| Management Fee | 0.64% | 0.00% | 1.50% | 17.51% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.35% | N/A |
Sales Fees
| DEVIX 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
| DEVIX 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.
| DEVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 14.00% | 7.00% | 252.00% | 3.29% |
DEVIX - Distributions
Dividend Yield Analysis
| DEVIX | Category Low | Category High | DEVIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.15% | 0.00% | 14.14% | 13.64% |
Dividend Distribution Analysis
| DEVIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| DEVIX | Category Low | Category High | DEVIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.63% | -1.43% | 4.13% | 35.05% |
Capital Gain Distribution Analysis
| DEVIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2023 | $0.958 | OrdinaryDividend |
| Dec 18, 2023 | $3.993 | CapitalGainLongTerm |
| Dec 16, 2022 | $2.988 | OrdinaryDividend |
| Dec 17, 2021 | $3.544 | OrdinaryDividend |
| Dec 18, 2020 | $0.537 | OrdinaryDividend |
| Dec 19, 2019 | $0.740 | OrdinaryDividend |
| Dec 19, 2019 | $2.038 | CapitalGainLongTerm |
| Dec 21, 2018 | $0.491 | CapitalGainShortTerm |
| Dec 21, 2018 | $3.471 | CapitalGainLongTerm |
| Dec 21, 2018 | $0.605 | OrdinaryDividend |
| Dec 22, 2017 | $0.614 | CapitalGainLongTerm |
| Dec 22, 2017 | $0.421 | OrdinaryDividend |
| Dec 22, 2016 | $0.433 | OrdinaryDividend |
| Dec 22, 2015 | $0.174 | CapitalGainShortTerm |
| Dec 22, 2015 | $2.721 | CapitalGainLongTerm |
| Dec 22, 2015 | $0.454 | OrdinaryDividend |
| Dec 22, 2014 | $0.399 | CapitalGainShortTerm |
| Dec 22, 2014 | $2.217 | CapitalGainLongTerm |
| Dec 22, 2014 | $0.312 | OrdinaryDividend |
| Dec 20, 2013 | $0.254 | CapitalGainShortTerm |
| Dec 20, 2013 | $0.847 | CapitalGainLongTerm |
| Dec 20, 2013 | $0.173 | OrdinaryDividend |
| Dec 21, 2012 | $0.254 | CapitalGainLongTerm |
| Dec 21, 2012 | $0.190 | OrdinaryDividend |
| Dec 22, 2011 | $0.363 | CapitalGainShortTerm |
| Dec 22, 2011 | $1.443 | CapitalGainLongTerm |
| Dec 22, 2010 | $0.140 | CapitalGainLongTerm |
| Dec 22, 2009 | $0.076 | OrdinaryDividend |
| Dec 22, 2008 | $0.133 | OrdinaryDividend |
| Dec 21, 2007 | $3.418 | CapitalGainLongTerm |
| Dec 21, 2006 | $0.800 | CapitalGainShortTerm |
| Dec 21, 2006 | $2.473 | CapitalGainLongTerm |
| Dec 22, 2004 | $1.022 | CapitalGainShortTerm |
| Dec 22, 2004 | $3.603 | CapitalGainLongTerm |
| Dec 22, 2003 | $0.177 | CapitalGainShortTerm |
| Dec 22, 2003 | $2.177 | CapitalGainLongTerm |
| Dec 20, 2002 | $0.843 | CapitalGainLongTerm |
| Dec 21, 2001 | $2.744 | CapitalGainLongTerm |
| Dec 22, 2000 | $0.145 | OrdinaryDividend |
| Dec 22, 2000 | $0.105 | CapitalGainShortTerm |
| Dec 22, 2000 | $0.942 | CapitalGainLongTerm |
| Dec 22, 1999 | $0.160 | OrdinaryDividend |
| Dec 22, 1999 | $0.305 | CapitalGainLongTerm |
| Dec 22, 1998 | $0.243 | OrdinaryDividend |
DEVIX - 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.
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.
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.
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 | 8.23 | 3.58 |
