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 date10/28/2002
Dividends paid (if any)Monthly
Capital gains paid (if any)November or December
Fund identifiers
NASDAQDPFFX
CUSIP246248587

Institutional Class shares available only available to certain investors. See the prospectus for more information.

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 (05/31/2018)

as of quarter-end (03/31/2018)

YTD1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)-1.81%0.16%1.51%2.22%5.00%6.12%10/28/2002
Bloomberg Barclays US Aggregate Index-1.50%-0.37%1.39%1.98%3.73%n/a
1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)-1.01%2.85%1.77%2.23%5.00%6.24%10/28/2002
Bloomberg Barclays US Aggregate Index-1.46%1.20%1.20%1.82%3.63%n/a

Returns for less than one year are not annualized.

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
Gross0.64%
Net0.45%

Net expense ratio reflects a contractual waiver of certain fees and/or expense reimbursements from April 1, 2018 through April 1, 2019. Please see the fee table in the Fund's prospectus for more information.

Quarterly total returns @ NAV
Year1st quarter2nd quarter3rd quarter4th quarterAnnual return
2018-1.01%n/an/an/an/a
20171.56%1.94%1.35%0.57%5.51%
20162.53%2.57%1.22%-2.35%3.94%
20151.95%-1.49%-0.33%-1.11%-1.01%
20142.40%2.68%-0.41%0.63%5.37%
20130.38%-3.46%0.78%1.35%-1.02%
20121.35%2.41%2.71%0.51%7.15%
20111.29%2.06%0.75%2.28%6.53%
20103.12%1.26%3.85%-0.25%8.15%
20090.51%10.14%9.86%3.24%25.53%
20082.49%-1.72%-3.86%-0.70%-3.84%

Institutional Class shares available only available to certain investors. See the prospectus for more information.

Portfolio characteristics - as of 05/31/2018Bloomberg Barclays US Aggregate Index
Number of holdings1,5739,959
Number of credit issuers543
Portfolio turnover (last fiscal year)125%n/a
Effective duration (weighted average) (view definition)5.67 years6.04 years
Effective maturity (weighted average) (view definition)8.55 years8.40 years
Yield to maturity (view definition)4.41%3.22%
Average market price (view definition)$99.65$101.18
Average coupon (view definition)4.51%3.10%
Yield to worst (view definition)4.26%3.22%
SEC 30-day yield with waiver (view definition)4.78%
SEC 30-day yield without waiver (view definition)4.60%
Annualized standard deviation, 3 years (view definition)2.71n/a
Portfolio composition as of 05/31/2018Total may not equal 100% due to rounding.
High grade securities65.4%
High yield securities20.8%
Emerging markets10.7%
International developed3.2%
Top 10 fixed income holdings as of 05/31/2018

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

List excludes cash and cash equivalents.

Holding% of portfolio
United States Treasury Note Bond 1.250 6/30/20192.36%
United States Treasury Inflation Indexed Bonds 0.125 4/15/20221.00%
Dow Chemical Co. 8.550 5/15/20190.79%
FN AL99030.68%
Crown Castle Towers LLC 4.883 8/15/20200.60%
USB Capital IX 3.500 10/29/20490.56%
Colombian TES 7.000 6/30/20320.56%
United States Treasury Note Bond 2.750 5/31/20230.55%
KeyBank NA Cleveland OH 6.950 2/1/20280.49%
Georgia-Pacific LLC 8.000 1/15/20240.43%
Total % Portfolio in Top 10 holdings8.02%