Delaware Ivy Wilshire Global Allocation Fund

Delaware Ivy Wilshire Global Allocation Fund

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Key features

A "fund-of-funds" that allocates assets among a diverse group of affiliated equity and fixed income mutual funds with both domestic and foreign investment strategies

Asset allocation methodology provides diversified exposure to a broad array of asset classes and investment strategies via the underlying funds

Investment philosophy focuses on a disciplined, long-term approach to strategic asset allocation

Daily pricing as of 02/03/2023

NAV
NAV 1-day net change
Max offer price
$7.71

Total net assets as of 12/31/2022

All share classes
$641.6 million

Overview

Fund information
Inception date 09/27/1995
Dividends paid (if any) Quarterly
Capital gains paid (if any) December
Fund identifiers
NASDAQ IWGIX
CUSIP 46600G747

Benchmark and peer group

65% MSCI ACWI / 35% Bloomberg Multiverse USD Hedged Index

Bloomberg Multiverse USD Hedged Index (view definition)

MSCI ACWI (All County World Index) Index (view definition)

Morningstar World Allocation Category (view definition)

Lipper Flexible Portfolio Funds Average (view definition)

Performance

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 (01/31/2023)

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.

Average annual total return as of quarter-end (12/31/2022)

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.

Overall Morningstar RatingTM

Institutional Class shares - as of 12/31/2022

MorningstarMorningstarMorningstar
Rating No. of funds
Overall 3 395
3 years 3 395
5 years 4 351
10 years 3 248
Morningstar category Global Allocation

(View Morningstar disclosure)

The Morningstar rating is based on risk-adjusted returns.

Morningstar ranking - as of 12/31/2022
1 year 230 / 418
3 years 150 / 401
5 years 105 / 359
10 years 172 / 256
Morningstar category Global Allocation

(View Morningstar disclosure)

The Morningstar ranking is based on historical total returns.

Lipper ranking - as of 12/31/2022
1 year 259 / 477
3 years 196 / 423
5 years 158 / 379
10 years 169 / 224
Lipper classification Lipper Flexible Portfolio Funds Average

(View Lipper disclosure)

The Lipper ranking is based on historical total returns.

Expense ratio

Gross
0.80%
Net
0.80%

Net expense ratio reflects a contractual waiver of certain fees and/or expense reimbursements from October 28, 2021 through October 28, 2022. Please see the fee table in the Fund's prospectus for more information.

Calendar year total returns @ NAV

Year
Annual return
Year
Annual return
2022
-14.26%
2021
11.44%
2020
11.28%
2019
18.59%
2018
-7.29%
2017
16.26%
2016
-2.31%
2015
-7.96%
2014
-5.02%
2013
25.51%

Portfolio

Portfolio characteristics as of 12/31/2022

Number of holdings
21
Portfolio turnover (last fiscal year)
28%
Beta (relative to 65 MSCI ACWI (net) / 35 Bloomberg Multiverse Hedged USD) (view definition)
1.08
Annualized standard deviation, 3 years (view definition)
15.54

Portfolio composition as of 12/31/2022
Total may not equal 100% due to rounding.

Domestic equity
28.80%
International equity
26.90%
Domestic fixed income
18.50%
International fixed income
11.70%
Cash and cash equivalents
2.30%
Other
11.80%

Top 10 Underlying Funds (% of net assets) as of 12/31/2022

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

List excludes cash and cash equivalents.

Holding
% of portfolio
Holding
% of portfolio
Delaware Ivy International Core Equity Fund
13.97
Delaware Ivy Global Bond
10.77
Delaware Ivy Large Cap Growth Fund
9.76
Delaware Ivy Securian Core Bond Fund 0.000 12/1/2099
9.56
Delaware Value Fund
8.36
Delaware Ivy Value Fund
8.09
Delaware Ivy Systematic Emerging Markets Equity Fund
6.46
Delaware Ivy Core Equity Fund
5.39
Delaware Ivy Total Return Bond Fund
4.88
Delaware Ivy International Value Fund
3.83

Total % Fund in Top 10 holdings - 0.0%

Sector allocation as of 12/31/2022

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.

Sector
Fund
Sector
Fund
Financials
98.3%
Healthcare
1.0%
Consumer staples
0.2%

Top 10 Equity countries as of 12/31/2022

(As a % of equity holdings)
List may exclude cash and cash equivalents.

Country
% of portfolio
Country
% of portfolio
United States
51.70%
China
6.40%
France
5.10%
United Kingdom
5.10%
Japan
5.00%
Germany
4.00%
India
3.20%
Korea Republic Of
2.20%
Taiwan, Province Of China
2.00%
Canada
2.00%

Top 10 Fixed income countries as of 12/31/2022

(As a % of fixed income holdings)
List may exclude cash and cash equivalents.

Country
% of portfolio
Country
% of portfolio
United States
61.30%
Netherlands
2.40%
Indonesia
2.40%
United Kingdom
2.00%
South Africa
1.70%
SP
1.50%
Brazil
1.50%
Colombia
1.40%
Mexico
1.40%
Italy
1.30%

Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ per share)

Year
Capital gains3
Net investment income
Year
Capital gains3
Net investment income
2023
0.000
0.000
2022
0.617
0.145
2021
0.365
0.300
2020
0.120
0.170
2019
0.187
0.203
2018
0.432
0.200
2017
0.478
0.202
2016
0.000
0.000
2015
0.000
0.000
2014
2.201
0.098
2013
0.497
0.080

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

Investment manager

Delaware Management Company (DMC)

Sub-advisor

Wilshire Associates, Inc.

Nathan Palmer

Nathan Palmer, CFA

  • Managing Director, Head of Portfolio Management Group
  • Read bio
Anthony Wicklund

Anthony Wicklund, CFA, CAIA®

  • Managing Director, Portfolio Manager
  • Read bio

Fees

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 0.06%
Distribution and service (12b-1) fees none
Other expenses2 0.74%
Total annual fund operating expenses 0.80%
Fee waivers and expense reimbursements1 none
Total annual fund operating expenses after fee waivers and expense reimbursements 0.80%

Please see the prospectus and SAI for additional information.

1Net expense ratio reflects a contractual waiver of certain fees/and/or expense reimbursements from October 27, 2022 through October 27, 2023. Please see the fee table in the Fund's prospectus for more information.

2Other expenses contain a 0.72% acquired fund fees and expenses. Acquired Fund Fees and Expenses sets forth the Fund's pro rata portion of the cumulative expenses charged by the Underlying Affiliated Funds (defined below) in which the Fund invested during the last fiscal year. The actual Acquired Fund Fees and Expenses will vary with changes in the allocations of the Fund's assets. The Acquired Fund Fees and Expenses shown are based on the total expense ratio of t each Underlying Affiliated Fund for the Fund's most recent fiscal period. These expenses are not direct costs paid by Fund shareholders, and are not used to calculate the Fund's NAV.

Resources

Significant Fund Event

On September 13, 2021, the Board of Trustees of the Ivy Funds approved a proposal for Wilshire Associates Incorporated, the Fund’s sub-advisor, to provide the day-to-day portfolio management of all the Fund’s investments effective on or about November 15, 2021.

Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund's prospectus and it's summary prospectus, which may be obtained by visiting delawarefunds.com/literature or calling 877 693-3546. Investors should read the prospectus and the summary prospectus carefully before investing.

Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund's prospectus and it's summary prospectus, which may be obtained by visiting delawarefunds.com/literature or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.

The Fund's investment manager, Delaware Management Company (Manager), may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Europe Limited (MIMEL), Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), and Macquarie Investment Management Global Limited (MIMGL) (together, the “Affiliated Sub-Advisors”). The Manager may also permit these Affiliated Sub-Advisors to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where DMC believes it will be beneficial to utilize an Affiliated Sub-Advisor’s specialized market knowledge.

Investing involves risk, including the possible loss of principal.

The performance of the Fund will depend on the success of the allocations among the chosen underlying funds, and in general, the Fund is subject to the same risks as those of its underlying funds. International investing involves additional risks, including currency fluctuations, political or economic conditions affecting the foreign country, and differences in accounting standards and foreign regulations. These risks are magnified in emerging markets.

Fixed income securities and bond funds can lose value, and investors can lose principal, as interest rates rise. They also may be affected by economic conditions that hinder an issuer’s ability to make interest and principal payments on its debt. Fixed income securities may also be subject to prepayment risk, the risk that the principal of a bond that is held by a portfolio will be prepaid prior to maturity, at the time when interest rates are lower than what the bond was paying. A portfolio may then have to reinvest that money at a lower interest rate.

Restricted securities, which include private placements, are securities that are subject to legal or contractual restrictions on resale, and there can be no assurance of a ready market for resale.

Privately placed securities and other restricted securities will have the effect of increasing the level of Fund illiquidity to the extent that the Fund finds it difficult to sell these securities when management believes it is desirable to do so, especially under adverse market or economic conditions or in the event of adverse changes in the financial condition of the issuer, and the prices realized could be less than those originally paid or less than the fair market value.

Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis, and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and can be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Portfolio’s investments. Given the increasing interdependence among global economies and markets, conditions in one country, market, or region are increasingly likely to adversely affect markets, issuers, and/or foreign exchange rates in other countries. These disruptions could prevent the Portfolio from executing advantageous investment decisions in a timely manner and could negatively impact the Portfolio’s ability to achieve its investment objective. Any such event(s) could have a significant adverse impact on the value and risk profile of the Portfolio.

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The abandonment of these rates and transition to alternative rates could affect the value and liquidity of instruments that reference them and could affect investment strategy performance.

All third-party marks cited are the property of their respective owners.

Not FDIC Insured • No Bank Guarantee • May Lose Value

Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.

You can check the background of your investment professional on FINRA's BrokerCheck.

You can check the background of your investment professional on FINRA's BrokerCheck.