Key features
Global equity fund investing in securities capable of reducing, displacing and/or sequestering greenhouse gas emissions or helping others to do so
The Fund has an emphasis on selecting companies with perceived attractive risk-return profiles
Striving to satisfy dual societal and investment objectives, the Fund’s investment team combines investment experience with sustainability experience
Daily pricing
as of
12/12/2024
NAV 1-day net change
-0.11
Total net assets
as of
11/30/2024
All share classes
$122.3 million
Overview
Fund identifiers |
NASDAQ |
IVEIX |
CUSIP |
466000148 |
Benchmark and peer group
Portfolio
Market cap (median) Source: FactSet
$23.3 billion
Market cap (weighted average) Source: FactSet
$110.6 billion
Portfolio turnover (last fiscal year)
13%
International equities & depositary receipts
37.2%
Cash, cash equivalents and other assets
-0.9%
Values in excess of 100% and negative values may appear as the result of certain assets and liabilities. See the Fund's prospectus for securities in which the Fund would typically invest.
Top 10 holdings
as of 11/30/2024
Holdings are as of the date indicated and subject to change.
List may exclude cash and cash equivalents. Please see the Fund's complete list of holdings for more information.
Holdings based by issuer.
WASTE MANAGEMENT INC
4.47
CMS ENERGY CORPORATION
3.99
SCHNEIDER ELECTRIC SE
3.97
WEYERHAEUSER COMPANY
3.96
CF INDUSTRIES HOLDINGS INC
3.80
Total % Portfolio in Top 10 holdings - 41.89%
Sector allocation
as of 11/30/2024
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Fund’s complete list of holdings for more information.
Information technology
4.7%
Consumer discretionary
3.4%
Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ per share)
1If a Fund makes a distribution from any source other than net income, it is required to
provide shareholders with a notice disclosing the source of such distribution (each a "Notice"). The
amounts and sources of distributions reported above and in each Notice are only estimates and are not
provided for tax reporting purposes. Each Fund will send each shareholder a Form 1099 DIV for the
calendar year that will provide definitive information on how to report the Fund's distributions for
federal income tax purposes. The information in the table above will not be updated to reflect any
subsequent recharacterization of dividends and distributions. Click here to see recent
Notices pertaining to the Fund (if any).
2Information on return of capital distributions (if any) is only provided from June 1, 2014 onward.
3Includes both short- and long-term capital gains.
Management
Barry Gladstein, CFA, CPA
-
Managing Director, Head of Sustainable Investing – Equities & Multi-Asset
-
Start date on the Fund:
July 2022
-
Years of industry experience:
29
-
Read bio
Barry Gladstein
Managing Director, Head of Sustainable Investing – Equities & Multi-Asset
- Joined Macquarie in 2016
- Based in Philadelphia
Barry is the Head of Sustainable Investing for Equities & Multi-Asset at Macquarie Asset Management (MAM). In this
role,
he supports the investment teams in their efforts to integrate environmental, social, and governance (ESG)
considerations into their investment processes and co-manages two dedicated sustainability strategies.
Previously, Barry was Founding Member and Portfolio Manager for Cross Ledge Investments from 2010 to 2015. Prior to
that, he worked at Delaware Investments for 15 years, leaving the firm as Co-Chief Investment Officer for the firm’s
Emerging Growth Team in 2010.
Barry has served on the CFA Institute’s ESG Technical Committee and the Investment Management Education Association’s
ESG Committee leadership group. He is a board member of the Camden, New Jersey, Center for Environmental
Transformation
(CFET).
Barry holds a Bachelor of Science in accounting from the State University of New York at Binghamton and a Master of
Business Administration in finance from The Wharton School of the University of Pennsylvania. He holds the Chartered
Financial Analyst® designation and is a certified public accountant. He also holds the Fundamentals of Sustainability
Accounting Credential® and has completed the CFA Institute’s Certificate in ESG Investing.
Sam Halpert
-
Managing Director, Head of Global Natural Resources Equity
-
Start date on the Fund:
November 2021
-
Years of industry experience:
31
-
Read bio
Sam Halpert
Managing Director, Head of Global Natural Resources Equity
- Joined Macquarie in 2018
- Based in Philadelphia
Sam is Head of Global Natural Resources Equity at Macquarie Asset Management (MAM), a role he assumed in July 2018.
Prior to joining Macquarie, he worked at Van Eck as a Co-Portfolio Manager and Senior Analyst, specializing in agriculture, coal, paper and forest products, refining, shipping, and steel investments. Before that, he managed a global real estate fund at Van Eck and earlier worked at Goldman Sachs and Refco.
He earned a Bachelor of Arts in English and American literature from Harvard College.
Geoffrey King
-
Senior Vice President, Portfolio Manager — Global Natural Resources Equity
-
Start date on the Fund:
November 2021
-
Years of industry experience:
21
-
Read bio
Geoffrey King
Senior Vice President, Portfolio Manager – Global Natural Resources Equity
- Joined Macquarie in 2018
- Based in Philadelphia
Geoff is a Portfolio Manager on the Global Natural Resources Equity Team at Macquarie Asset Management (MAM), a role he assumed in July 2018. He oversees all aspects of the investment process, including market and security analysis, portfolio construction, and risk.
Prior to joining Macquarie, 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. Before that, Geoff was a Senior Energy Analyst at Van Eck, focused on natural resource commodities and equities.
Geoff has a Bachelor of Arts in both economics and history from Davidson College, and he holds the Chartered Financial Analyst® designation.
Barry Klein, CFA
-
Senior Vice President, Portfolio Manager, Senior Equity Analyst
-
Start date on the Fund:
July 2022
-
Years of industry experience:
23
-
Read bio
Barry Klein
Senior Vice President, Portfolio Manager, Senior Equity Analyst
- Joined Macquarie in 2010
- Based in New York
Barry is a Portfolio Manager and Senior Equity Analyst for the Global Listed Infrastructure Team at Macquarie Asset
Management (MAM). He supports the management of Global Listed Infrastructure portfolios and is also responsible for
covering utility stocks in the Americas region. In addition, Barry co-manages a climate solution strategy with
members
of MAM’s Global Natural Resources and Sustainability teams.
Prior to joining Macquarie, Barry was an Equities Research Analyst with Citigroup. He was a member of Citi’s
top-ranked
utilities research team, covering gas and electric utilities and integrated gas companies. Before his time at Citi,
Barry was a Senior Associate in Business Assurance and Advisory Services at PricewaterhouseCoopers, where he audited
and
reviewed companies in the utilities, consumer products, and not-for-profit sectors. He is currently Chairman of the
Board for the charity Stupid Cancer.
Barry holds a Bachelor of Arts in accounting (magna cum laude) from Boston University’s Questrom School of Business.
He
holds the Chartered Financial Analyst® designation and is a Certified Public Accountant.
Fees
The table below describes the fees and expenses that you may pay if you buy, hold, and sell
shares of the Fund.
You may pay other fees, such as brokerage commissions and other fees
to financial intermediaries, which are not reflected in the table below. You may
qualify for sales-charge discounts if you and your family invest, or agree to invest in the
future, at least $50,000 in Delaware Funds by Macquarie. More information about these and other
discounts is available from your financial intermediary, in the Fund’s Prospectus under the
section entitled “About your account,” and in the Fund’s statement of additional information
(SAI) under the section entitled “Purchasing Shares.”
Shareholder fees |
Maximum sales charge (load) imposed on purchases as a percentage of offering price |
none |
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower |
none |
Annual fund operating expenses |
Management fees |
0.85% |
Distribution and service (12b-1) fees |
none |
Other expenses |
0.33% |
Total annual fund operating expenses |
1.18% |
Fee waivers and expense reimbursements1 |
(0.19%) |
Total annual fund operating expenses after fee waivers and expense reimbursements |
0.99% |
Please see the prospectus and SAI for additional information.
1Net expense ratio reflects a contractual waiver of certain fees and/or expense
reimbursements from July 31, 2024 through July 30, 2025. Please see the fee table in the Fund's
prospectus for more information.
Institutional Class shares are available only to certain investors. See the prospectus for more information.
Resources
Shareholder report – Annual
Shareholder report – Semi-annual
You are now leaving the Delaware Funds by Macquarie website
The link you have selected will take you to a website not controlled by Delaware Funds by Macquarie. Your web browser will automatically redirect you to the site in a few moments. Delaware Funds by Macquarie is not responsible for the content of the website you are about to visit.
Thank you for visiting the Delaware Funds by Macquarie website.
Other than Macquarie Bank Limited (MBL), none of the entities noted are authorised deposit-taking institutions for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise.
The Funds are distributed by Delaware Distributors, L.P., an affiliate of Macquarie Investment Management Business Trust (MIMBT), Macquarie Management Holdings, Inc., and Macquarie Group Limited. Macquarie Investment Management (MIM), a member of Macquarie Group, refers to the companies comprising the asset management division of Macquarie Group Limited and its subsidiaries and affiliates worldwide.
Separately managed account advisory services are provided by Delaware Capital Management (DCM), a series of MIMBT. Separately managed account advisory services are referred through Delaware Capital Management Advisers, Inc., an SEC-registered investment advisor.