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Trending ETFs

DELAWARE SMALL CAP VALUE FUND

mutual fund
DEVIX
Payout Change
Pending
Price as of:
$77.62 +0.77 +1.0%
primary theme
U.S. Small-Cap Value Equity
DEVIX (Mutual Fund)

DELAWARE SMALL CAP VALUE FUND

Payout Change
Pending
Price as of:
$77.62 +0.77 +1.0%
primary theme
U.S. Small-Cap Value Equity
DEVIX (Mutual Fund)

DELAWARE SMALL CAP VALUE FUND

Payout Change
Pending
Price as of:
$77.62 +0.77 +1.0%
primary theme
U.S. Small-Cap Value Equity

Name

As of 10/04/2024

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

$77.62

$4.73 B

1.24%

$0.96

0.86%

Vitals

YTD Return

10.9%

1 yr return

27.9%

3 Yr Avg Return

4.5%

5 Yr Avg Return

9.4%

Net Assets

$4.73 B

Holdings in Top 10

16.2%

52 WEEK LOW AND HIGH

$76.9
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 10/04/2024

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

$77.62

$4.73 B

1.24%

$0.96

0.86%

DEVIX - Profile

Distributions

  • YTD Total Return 10.9%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 9.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.63%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    DELAWARE SMALL CAP VALUE FUND
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Mar 26, 1997
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher 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.

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DEVIX - Performance

Return Ranking - Trailing

Period DEVIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.9% -9.3% 19.2% 16.32%
1 Yr 27.9% 4.8% 39.4% 33.33%
3 Yr 4.5%* -14.1% 68.8% 56.14%
5 Yr 9.4%* -2.6% 52.5% 73.85%
10 Yr 8.0%* -2.8% 27.9% 45.85%

* Annualized

Return Ranking - Calendar

Period DEVIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.2% -6.0% 33.6% 95.37%
2022 -15.9% -36.7% 212.9% 44.21%
2021 28.4% -62.0% 147.6% 23.17%
2020 -2.1% -24.8% 31.3% 75.25%
2019 22.9% -21.7% 34.0% 19.69%

Total Return Ranking - Trailing

Period DEVIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.9% -9.3% 19.2% 16.32%
1 Yr 27.9% 4.8% 39.4% 33.33%
3 Yr 4.5%* -14.1% 68.8% 56.14%
5 Yr 9.4%* -2.6% 52.5% 73.85%
10 Yr 8.0%* -2.8% 27.9% 45.85%

* Annualized

Total Return Ranking - Calendar

Period DEVIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.5% 1.8% 35.4% 91.90%
2022 -12.2% -36.7% 250.0% 59.57%
2021 34.2% -3.0% 157.9% 30.00%
2020 -1.2% -13.5% 33.4% 78.75%
2019 28.2% -1.5% 34.3% 12.07%

NAV & Total Return History


DEVIX - Holdings

Concentration Analysis

DEVIX Category Low Category High DEVIX % Rank
Net Assets 4.73 B 5.95 M 54 B 11.32%
Number of Holdings 110 10 1599 46.88%
Net Assets in Top 10 762 M 762 K 3.2 B 13.63%
Weighting of Top 10 16.17% 5.4% 92.2% 58.33%

Top 10 Holdings

  1. Atkore Inc 1.83%
  2. MasTec Inc 1.72%
  3. Stifel Financial Corp 1.66%
  4. Hancock Whitney Corp 1.62%
  5. Webster Financial Corp 1.58%
  6. East West Bancorp Inc 1.58%
  7. ITT Inc 1.57%
  8. FNB Corp/PA 1.56%
  9. Axis Capital Holdings Ltd 1.56%
  10. Meritage Homes Corp 1.50%

Asset Allocation

Weighting Return Low Return High DEVIX % Rank
Stocks
98.69% 7.22% 105.88% 49.19%
Cash
1.31% 0.00% 39.68% 53.81%
Preferred Stocks
0.00% 0.00% 1.87% 19.17%
Other
0.00% -1.83% 31.19% 48.73%
Convertible Bonds
0.00% 0.00% 2.63% 16.16%
Bonds
0.00% 0.00% 79.66% 19.17%

Stock Sector Breakdown

Weighting Return Low Return High DEVIX % Rank
Financial Services
27.96% 0.00% 35.71% 18.20%
Industrials
17.86% 0.65% 48.61% 43.97%
Technology
10.92% 0.00% 34.03% 33.57%
Consumer Cyclical
9.33% 0.00% 51.62% 71.39%
Energy
9.31% 0.00% 29.42% 36.41%
Real Estate
8.74% 0.00% 44.41% 38.06%
Basic Materials
4.63% 0.00% 67.30% 56.74%
Utilities
3.66% 0.00% 13.86% 32.39%
Healthcare
3.43% 0.00% 25.76% 85.34%
Consumer Defense
2.85% 0.00% 13.22% 67.61%
Communication Services
1.32% 0.00% 24.90% 75.65%

Stock Geographic Breakdown

Weighting Return Low Return High DEVIX % Rank
US
98.69% 7.22% 105.88% 34.64%
Non US
0.00% 0.00% 76.17% 41.34%

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% 82.45%
Management Fee 0.64% 0.00% 1.50% 19.44%
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 2.50% 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% 3.71%

DEVIX - Distributions

Dividend Yield Analysis

DEVIX Category Low Category High DEVIX % Rank
Dividend Yield 1.24% 0.00% 14.14% 13.16%

Dividend Distribution Analysis

DEVIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

DEVIX Category Low Category High DEVIX % Rank
Net Income Ratio 0.63% -1.43% 4.13% 35.22%

Capital Gain Distribution Analysis

DEVIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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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 8.22 3.58