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Critical Facts You Need to Know About Preferred Stocks
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Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
30.4%
1 yr return
43.8%
3 Yr Avg Return
10.4%
5 Yr Avg Return
16.9%
Net Assets
$3.68 B
Holdings in Top 10
41.6%
Expense Ratio 1.00%
Front Load 5.75%
Deferred Load N/A
Turnover 36.00%
Redemption Fee N/A
Standard (Taxable)
$750
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Delaware Ivy Core Equity Fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities, primarily in common stocks of large-capitalization companies. The Fund seeks to invest in companies that the Manager believes are high-quality, have sustainable competitive advantages accompanied by financial strength and earnings stability, and have leading positions in their industries. Large-capitalization companies typically are companies with market capitalizations of at least $10 billion at the time of acquisition. The Fund invests in securities that have the potential for capital appreciation, or that the Manager expects to resist market decline. Although the Fund primarily invests in securities issued by large-capitalization companies, it may invest in securities issued by companies of any size. The Fund may invest in securities of companies across the valuation spectrum, including securities issued by growth and value companies.
The Manager believes that long-term earnings potential relative to market expectations is an important component for stock performance. The Manager balances a top-down (assessing the market environment) approach with a bottom-up (researching individual issuers) analysis when selecting securities for the Fund, and seeks to exploit what it believes to be catalysts for multi-year earnings growth in companies that it believes have strong or strengthening competitive advantages. Earnings catalysts are diversified across both thematic and company-specific projections.
From a top-down perspective, the Manager seeks to identify current trends or themes which indicate specific industries that have the potential to experience multi-year growth. The Manager considers various thematic catalysts in its analysis, including major macro-economic and political forces, cyclical inflections, changes in consumer behavior and technology shifts. Once a trend or theme is identified, the Manager seeks to invest for the Fund in what it believes are dominant companies that will benefit from these trends or themes; including companies that the Manager believes have long-term earnings potential that exceeds market expectations. Through its bottom-up stock selection, the Manager searches for companies for which it believes market expectations are too low with regard to the ability of the companies to grow their businesses.
In selecting securities for the Fund, the Manager may consider whether a company has new products to introduce, has undergone cost restructuring or a management change, or has improved its execution, among other factors.
The Fund typically holds a limited number of stocks (generally 40 to 50).
The Manager attempts to select securities that it believes have growth possibilities by looking at many factors, which may include a company’s: projected long-term earnings power compared to market expectations over a multi-year horizon, competitive position in the global economy, history of improving sales and profits, management strength, ESG characteristics, established brand, leadership position in its industry, stock price value, potential earnings catalyst, dividend payment history, anticipated future dividend yield, and prospects for capital return in the form of dividends and stock buybacks.
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. Among other factors, the Manager considers whether, in its opinion, the security has fully appreciated according to the Manager’s forecast, has ceased to offer the prospect of significant growth potential, has had its competitive barriers diminished, has seen its earnings catalyst lose its impact, or has performed below the Manager’s expectations regarding the company’s long-term earnings potential. The Manager also may sell a security to reduce the Fund’s holding in that security, if that issuer’s competitive advantage has diminished or if the Fund’s portfolio manager loses conviction in a previously identified trend or theme, to take advantage of what it believes are more attractive investment opportunities 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 | WCEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 30.4% | 3.6% | 45.1% | 4.68% |
1 Yr | 43.8% | 6.6% | 65.8% | 4.18% |
3 Yr | 10.4%* | -5.9% | 16.1% | 16.75% |
5 Yr | 16.9%* | -0.8% | 110.8% | 6.25% |
10 Yr | 12.6%* | 2.9% | 52.7% | 31.47% |
* Annualized
Period | WCEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.7% | -42.6% | 47.4% | 84.52% |
2022 | -28.1% | -56.3% | -4.2% | 88.84% |
2021 | 13.8% | -27.2% | 537.8% | 65.58% |
2020 | 18.7% | -22.5% | 2181.7% | 13.58% |
2019 | 18.3% | -13.5% | 40.4% | 77.13% |
Period | WCEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 30.4% | 3.6% | 45.1% | 4.68% |
1 Yr | 43.8% | 6.6% | 65.8% | 4.18% |
3 Yr | 10.4%* | -5.9% | 16.1% | 16.75% |
5 Yr | 16.9%* | -0.8% | 110.8% | 6.25% |
10 Yr | 12.6%* | 2.9% | 52.7% | 31.47% |
* Annualized
Period | WCEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 23.5% | -5.0% | 47.4% | 53.87% |
2022 | -17.4% | -36.8% | -2.2% | 42.66% |
2021 | 28.9% | 3.0% | 537.8% | 19.58% |
2020 | 21.8% | -15.8% | 2266.0% | 12.98% |
2019 | 31.0% | -0.4% | 241.3% | 34.30% |
WCEAX | Category Low | Category High | WCEAX % Rank | |
---|---|---|---|---|
Net Assets | 3.68 B | 2.34 M | 1.55 T | 35.17% |
Number of Holdings | 51 | 2 | 3963 | 80.02% |
Net Assets in Top 10 | 1.55 B | 1.07 M | 517 B | 33.87% |
Weighting of Top 10 | 41.60% | 0.3% | 112.9% | 25.69% |
Weighting | Return Low | Return High | WCEAX % Rank | |
---|---|---|---|---|
Stocks | 99.12% | 0.00% | 105.85% | 46.30% |
Cash | 0.95% | 0.00% | 99.07% | 51.02% |
Preferred Stocks | 0.00% | 0.00% | 2.53% | 84.40% |
Other | 0.00% | -13.91% | 100.00% | 83.43% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 83.62% |
Bonds | 0.00% | 0.00% | 94.06% | 83.92% |
Weighting | Return Low | Return High | WCEAX % Rank | |
---|---|---|---|---|
Technology | 24.13% | 0.00% | 48.94% | 52.85% |
Financial Services | 22.42% | 0.00% | 55.59% | 6.04% |
Healthcare | 13.52% | 0.00% | 52.29% | 74.19% |
Industrials | 12.12% | 0.00% | 29.90% | 17.20% |
Consumer Cyclical | 7.88% | 0.00% | 30.33% | 82.71% |
Communication Services | 6.19% | 0.00% | 27.94% | 77.25% |
Consumer Defense | 5.85% | 0.00% | 47.71% | 76.67% |
Basic Materials | 3.13% | 0.00% | 25.70% | 34.49% |
Utilities | 2.94% | 0.00% | 20.91% | 32.92% |
Energy | 1.81% | 0.00% | 41.64% | 77.58% |
Real Estate | 0.00% | 0.00% | 31.91% | 98.10% |
Weighting | Return Low | Return High | WCEAX % Rank | |
---|---|---|---|---|
US | 99.12% | 0.00% | 105.85% | 36.64% |
Non US | 0.00% | 0.00% | 64.54% | 88.55% |
WCEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.00% | 0.01% | 19.75% | 34.83% |
Management Fee | 0.64% | 0.00% | 1.90% | 70.12% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 60.49% |
Administrative Fee | N/A | 0.00% | 0.85% | 4.48% |
WCEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 1.00% | 5.75% | 38.03% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
WCEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
WCEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 36.00% | 0.00% | 268.00% | 65.87% |
WCEAX | Category Low | Category High | WCEAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.30% | 0.00% | 25.47% | 3.50% |
WCEAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
WCEAX | Category Low | Category High | WCEAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.19% | -54.00% | 2.44% | 77.43% |
WCEAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 15, 2023 | $0.059 | OrdinaryDividend |
Dec 15, 2023 | $0.069 | CapitalGainShortTerm |
Dec 15, 2023 | $1.769 | CapitalGainLongTerm |
Dec 15, 2022 | $2.092 | OrdinaryDividend |
Dec 16, 2021 | $2.514 | OrdinaryDividend |
Dec 10, 2020 | $0.431 | OrdinaryDividend |
Dec 12, 2019 | $0.085 | OrdinaryDividend |
Dec 12, 2019 | $0.071 | CapitalGainShortTerm |
Dec 12, 2019 | $1.350 | CapitalGainLongTerm |
Dec 13, 2018 | $0.253 | CapitalGainShortTerm |
Dec 13, 2018 | $1.655 | CapitalGainLongTerm |
Dec 13, 2018 | $0.091 | OrdinaryDividend |
Dec 14, 2017 | $0.010 | CapitalGainShortTerm |
Dec 14, 2017 | $0.193 | CapitalGainLongTerm |
Dec 14, 2017 | $0.019 | OrdinaryDividend |
Oct 10, 2017 | $0.010 | ExtraDividend |
Oct 10, 2017 | $0.700 | CapitalGainLongTerm |
Dec 08, 2016 | $0.009 | CapitalGainShortTerm |
Dec 08, 2016 | $0.435 | CapitalGainLongTerm |
Dec 08, 2016 | $0.049 | OrdinaryDividend |
Dec 10, 2015 | $0.173 | CapitalGainShortTerm |
Dec 10, 2015 | $0.804 | CapitalGainLongTerm |
Dec 10, 2015 | $0.004 | OrdinaryDividend |
Dec 11, 2014 | $0.141 | CapitalGainShortTerm |
Dec 11, 2014 | $0.960 | CapitalGainLongTerm |
Dec 12, 2013 | $0.214 | CapitalGainShortTerm |
Dec 12, 2013 | $0.573 | CapitalGainLongTerm |
Dec 12, 2013 | $0.041 | OrdinaryDividend |
Dec 13, 2012 | $0.082 | CapitalGainLongTerm |
Dec 13, 2012 | $0.046 | OrdinaryDividend |
Dec 08, 2011 | $0.108 | CapitalGainShortTerm |
Dec 08, 2011 | $0.263 | CapitalGainLongTerm |
Dec 09, 2010 | $0.172 | CapitalGainLongTerm |
Dec 10, 2009 | $0.018 | OrdinaryDividend |
Dec 11, 2008 | $0.018 | CapitalGainShortTerm |
Dec 13, 2007 | $0.100 | CapitalGainShortTerm |
Dec 13, 2007 | $0.860 | CapitalGainLongTerm |
Dec 14, 2006 | $1.091 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Feb 17, 2006
16.29
16.3%
Erik R. Becker is primarily responsible for the day-to-day portfolio management of Ivy VIP Core Equity, and has held his Portfolio responsibilities since July 2006. He is Senior Vice President of IICO, Vice President of the Trust, and Vice President of and portfolio manager for another investment company for which IICO serves as investment manager. He joined the company in 1999 as an investment analyst and had served as an assistant portfolio manager for Ivy VIP Core Equity since 2003. He has served as a portfolio manager since February 2006, in addition to his duties as a research analyst.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.24 | 2.42 |
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