Delaware Diversified Income Fund

Objective

Delaware Diversified Income Fund seeks maximum long-term total return, consistent with reasonable risk.

Strategy

The Fund invests in four sectors — the US investment grade sector, US high yield sector, international developed markets sector, and emerging markets sector.

Key features

  • A flexible core bond fund designed to weather market cycles
  • An actively managed bond portfolio emphasizing risk control and income generation
  • An experienced management team with nearly 30-years industry experience
Fund information
Inception date12/29/1997
Dividends paid (if any)Monthly
Capital gains paid (if any)November or December
Fund identifiers
NASDAQDPDFX
CUSIP246248744
Investment minimums
Initial investment$1,000
Subsequent Investments$100
Systematic withdrawal balance$5,000
Account features
Payroll DeductionYes
IRAsYes

On Sept. 25, 2014, Class B shares of the Fund converted to Class A shares.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

Total returns may reflect waivers and/or expense reimbursements by the manager and/or distributor for some or all of the periods shown. Performance would have been lower without such waivers and reimbursements.

Average annual total return

as of month-end (01/31/2018)

as of quarter-end (12/31/2017)

YTD1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)-0.05%4.66%1.84%2.30%4.91%6.57%12/29/1997
Max offer price-4.54%-0.09%0.29%1.36%4.43%6.33%
Bloomberg Barclays US Aggregate Index-1.15%2.15%1.14%2.01%3.71%n/a
1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)0.50%5.26%2.52%2.24%5.10%6.61%12/29/1997
Max offer price-3.99%0.47%0.97%1.30%4.62%6.36%
Bloomberg Barclays US Aggregate Index0.39%3.54%2.24%2.10%4.01%n/a

Returns for less than one year are not annualized.

Class A shares have a maximum up-front sales charge of 4.50% and are subject to an annual distribution fee.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Expense ratio
Gross0.89%
Net0.89%
Quarterly total returns @ NAV
Year1st quarter2nd quarter3rd quarter4th quarterAnnual return
20171.50%2.00%1.17%0.50%5.26%
20162.35%2.63%1.05%-2.42%3.56%
20151.89%-1.55%-0.28%-1.17%-1.15%
20142.45%2.50%-0.47%0.57%5.11%
20130.32%-3.63%0.83%1.17%-1.37%
20121.29%2.24%2.65%0.55%6.88%
20111.23%2.00%0.79%2.22%6.38%
20103.06%1.09%3.79%-0.32%7.77%
20090.44%10.21%9.67%3.28%25.38%
20082.31%-1.79%-3.93%-0.77%-4.20%
Portfolio characteristics - as of 01/31/2018Bloomberg Barclays US Aggregate Index
Number of holdings1,5619,791
Number of credit issuers541
Portfolio turnover (last fiscal year)125%n/a
Effective duration (weighted average) (view definition)4.68 years6.07 years
Effective maturity (weighted average) (view definition)8.97 years8.40 years
Yield to maturity (view definition)4.19%2.97%
Average market price (view definition)$101.56$101.61
Average coupon (view definition)4.74%3.07%
Yield to worst (view definition)4.06%2.97%
SEC 30-day yield with waiver (view definition)3.64%
SEC 30-day yield without waiver (view definition)3.64%
Annualized standard deviation, 3 years (view definition)2.57n/a
Portfolio composition as of 01/31/2018Total may not equal 100% due to rounding.
High grade securities62.6%
High yield securities20.3%
Emerging markets13.8%
International developed3.2%
Top 10 fixed income holdings as of 01/31/2018

Holdings are as of the date indicated and subject to change.

List excludes cash and cash equivalents.

Holding% of portfolio
United States Treasury Inflation Indexed Bonds 0.125 4/15/20221.27%
FN AL99031.24%
Dow Chemical Co. 8.550 5/15/20190.82%
Colombian TES 7.000 6/30/20320.79%
Crown Castle Towers LLC 4.883 8/15/20200.62%
USB Capital IX 3.500 10/29/20490.56%
MEXICAN BONOS 6.500 6/9/20220.50%
KeyBank NA Cleveland OH 6.950 2/1/20280.50%
Brazil Notas do Tesouro Nacional Serie F 10.000 1/1/20250.49%
Malaysia Government Bond 3.844 4/15/20330.48%
Total % Portfolio in Top 10 holdings7.27%