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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
8.9%
1 yr return
12.2%
3 Yr Avg Return
11.9%
5 Yr Avg Return
9.1%
Net Assets
$188 M
Holdings in Top 10
47.4%
Expense Ratio 0.97%
Front Load N/A
Deferred Load N/A
Turnover 116.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Delaware Ivy Natural Resources Fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities of companies with operations throughout the world that own, explore or develop natural resources and other basic commodities or supply goods and services to such companies.
For these purposes, “natural resources” generally includes, but is not limited to: energy (such as electricity and gas utilities, producers/developers, equipment/services, storage/transportation, gas/oil refining and marketing, service/drilling, pipelines, and master limited partnerships (MLPs)), alternative energy (such as uranium, coal, nuclear, hydrogen, wind, solar, and fuel cells), industrial products (such as building materials, cement, packaging, chemicals, materials infrastructure, supporting transport and machinery), forest products (such as lumber, plywood, pulp, paper, newsprint, and tissue), base metals (such as aluminum, copper, nickel, zinc, iron ore, and steel), precious metals and minerals (such as gold, silver, platinum, and diamonds), and agricultural products (such as grains and other foods, seeds, fertilizers, and water). The Fund also may invest in companies that are not within the energy sector but that are engaged in the development of products and services to enhance energy efficiency in the manufacturing, development, and/or providing of products and services.
After conducting a top-down (assessing the market environment) market analysis of the natural resources industry and identifying trends and sectors, the Manager uses a research-oriented, bottom-up (researching individual issuers) investment approach when selecting securities for the Fund, focusing on company fundamentals and growth prospects. The Fund invests in a blend of value and growth companies across the capitalization spectrum, and emphasizes companies that the Manager believes are strongly managed and can generate above-average capital growth and appreciation. The Manager focuses on companies that it believes are high quality, have the potential for sustainable long-term growth and that are low-cost leaders that possess historically strong-producing assets. The Fund typically holds a limited number of stocks (generally 30 to 60).
Under normal circumstances, the Manager anticipates that a significant portion of the Fund’s portfolio will consist of issuers in the energy and materials sectors.
The Fund seeks to be diversified internationally, and therefore, the Manager invests in foreign companies and US companies that have principal operations in foreign jurisdictions. While the Manager typically seeks to invest a majority of the Fund’s assets in the US, the Fund may invest up to 100% of its total assets in foreign securities. Exposure to companies in any one particular foreign country will generally be less than 15% of the Fund’s total assets or two times the weight of the S&P Global Natural Resources Index, whichever is greater. The Fund also may have exposure to companies located in, and/or doing business in, emerging markets.
An investment in foreign securities presents additional risks such as currency fluctuations and political or economic conditions affecting the foreign country. 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.
The Fund may use forward currency contracts in an effort to manage foreign currency exposure.
Generally, in determining whether to sell a security, the Manager uses the same type of analysis that it uses in buying securities to determine whether the security has ceased to offer significant growth potential, has sufficiently exceeded its target price, has become overvalued and/or whether the prospects of the issuer have deteriorated. The Manager also will consider the effect of commodity price trends on certain holdings, poor capital management or whether
Fund summaries
a company has experienced a change or deterioration in its fundamentals, its valuation or its competitive advantage. The Manager also may sell a security to take advantage of what it believes are more attractive investment opportunities, to reduce the Fund’s holding in that security 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.
Period | IGNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.9% | -11.7% | 27.9% | 42.86% |
1 Yr | 12.2% | -6.2% | 30.9% | 37.14% |
3 Yr | 11.9%* | -20.5% | 25.5% | 20.59% |
5 Yr | 9.1%* | 0.0% | 37.2% | 71.13% |
10 Yr | 1.9%* | -5.5% | 13.6% | 81.93% |
* Annualized
Period | IGNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.5% | -13.1% | 52.1% | 52.88% |
2022 | 15.5% | -34.9% | 34.0% | 27.45% |
2021 | 23.4% | -4.9% | 83.5% | 51.00% |
2020 | -12.4% | -23.4% | 126.4% | 86.73% |
2019 | 7.0% | -25.1% | 36.9% | 82.47% |
Period | IGNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.9% | -11.7% | 27.9% | 42.86% |
1 Yr | 12.2% | -6.2% | 30.9% | 37.14% |
3 Yr | 11.9%* | -20.5% | 25.5% | 20.59% |
5 Yr | 9.1%* | 0.0% | 37.2% | 71.13% |
10 Yr | 1.9%* | -5.5% | 13.6% | 81.93% |
* Annualized
Period | IGNIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.5% | -12.2% | 57.6% | 58.65% |
2022 | 18.0% | -32.2% | 35.5% | 28.43% |
2021 | 27.0% | -2.5% | 83.6% | 48.00% |
2020 | -11.9% | -22.2% | 127.8% | 86.73% |
2019 | 9.8% | -25.1% | 37.6% | 79.38% |
IGNIX | Category Low | Category High | IGNIX % Rank | |
---|---|---|---|---|
Net Assets | 188 M | 1.31 M | 6.25 B | 70.48% |
Number of Holdings | 43 | 26 | 317 | 65.71% |
Net Assets in Top 10 | 90.6 M | 547 K | 3.4 B | 69.52% |
Weighting of Top 10 | 47.42% | 16.4% | 75.9% | 40.95% |
Weighting | Return Low | Return High | IGNIX % Rank | |
---|---|---|---|---|
Stocks | 98.20% | 0.00% | 100.12% | 65.71% |
Cash | 1.85% | 0.00% | 23.75% | 40.95% |
Preferred Stocks | 0.00% | 0.00% | 6.24% | 18.10% |
Other | 0.00% | -0.42% | 23.81% | 23.81% |
Convertible Bonds | 0.00% | 0.00% | 0.43% | 9.52% |
Bonds | 0.00% | 0.00% | 83.60% | 12.38% |
Weighting | Return Low | Return High | IGNIX % Rank | |
---|---|---|---|---|
Energy | 44.28% | 0.00% | 89.67% | 26.67% |
Basic Materials | 34.89% | 2.49% | 100.00% | 54.29% |
Consumer Defense | 6.46% | 0.00% | 33.96% | 20.95% |
Industrials | 6.34% | 0.00% | 63.67% | 42.86% |
Real Estate | 4.05% | 0.00% | 36.20% | 3.81% |
Utilities | 2.15% | 0.00% | 35.93% | 21.90% |
Technology | 1.39% | 0.00% | 17.68% | 27.62% |
Financial Services | 0.43% | 0.00% | 4.52% | 7.62% |
Healthcare | 0.00% | 0.00% | 22.67% | 35.24% |
Communication Services | 0.00% | 0.00% | 0.21% | 3.81% |
Consumer Cyclical | 0.00% | 0.00% | 43.37% | 55.24% |
Weighting | Return Low | Return High | IGNIX % Rank | |
---|---|---|---|---|
US | 67.40% | 0.00% | 99.96% | 55.24% |
Non US | 30.80% | 0.00% | 89.12% | 41.90% |
IGNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.97% | 0.08% | 4.45% | 46.67% |
Management Fee | 0.85% | 0.00% | 1.25% | 68.57% |
12b-1 Fee | N/A | 0.00% | 1.00% | 11.11% |
Administrative Fee | N/A | 0.03% | 0.25% | 1.72% |
IGNIX 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% | 1.00% | N/A |
IGNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
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.
IGNIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 116.00% | 4.00% | 169.00% | 88.51% |
IGNIX | Category Low | Category High | IGNIX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.82% | 0.00% | 12.19% | 55.24% |
IGNIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Monthly | Quarterly |
IGNIX | Category Low | Category High | IGNIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.17% | -35.65% | 6.21% | 22.12% |
IGNIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 15, 2023 | $0.329 | OrdinaryDividend |
Dec 15, 2022 | $0.366 | OrdinaryDividend |
Dec 16, 2021 | $0.398 | OrdinaryDividend |
Dec 10, 2020 | $0.078 | OrdinaryDividend |
Dec 12, 2019 | $0.348 | OrdinaryDividend |
Dec 13, 2018 | $0.071 | OrdinaryDividend |
Dec 08, 2016 | $0.083 | OrdinaryDividend |
Dec 13, 2012 | $0.108 | OrdinaryDividend |
Dec 11, 2008 | $1.356 | CapitalGainShortTerm |
Dec 11, 2008 | $2.960 | CapitalGainLongTerm |
Dec 11, 2008 | $0.044 | OrdinaryDividend |
Dec 13, 2007 | $0.771 | OrdinaryDividend |
Dec 13, 2007 | $1.644 | CapitalGainShortTerm |
Dec 13, 2007 | $1.571 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
Geoffrey King, CFA Senior Vice President, Portfolio Manager — Global Natural Resources Equity Geoffrey King is a portfolio manager on the firm’s Global Natural Resources Equity team. Prior to joining Macquarie Investment Management (MIM) in July 2018, he worked at Abraxas Petroleum where he was vice president and chief financial officer for approximately six years, responsible for strategy, business development, financial planning, analysis, and hedging. For the five years before that, King was a senior energy analyst at Van Eck, where he was focused on natural resource commodities and equities. He holds bachelor’s degrees in both economics and history from Davidson College.
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
Sam Halpert, CFA Managing Director, Chief Investment Officer — Global Natural Resources Equity Sam Halpert leads the firm’s Global Natural Resources Equity team. Prior to joining Macquarie Investment Management (MIM) in July 2018, he worked at Van Eck, where he was a co-portfolio manager and senior analyst on its global hard assets long-only and long-short team from April 2000 to June 2018. He specialized in agriculture, coal, paper and forest products, refining, shipping, and steel investments. He also managed a global real estate fund at Van Eck earlier in his career. Prior to that, he worked at Goldman Sachs, which ultimately became Citi Group, and he worked at Refco. He earned a bachelor’s degree in English and American literature from Harvard College.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.16 | 24.18 | 7.58 | 0.16 |
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