Key features
Focus on preserving capital and managing liquidity
Potential for attractive returns across market cycles
Potential for diversification against equity market risk
Daily pricing
as of
06/05/2023
NAV 1-day net change
No Change
Total net assets
as of
04/30/2023
All share classes
$423.9 million
Overview
| Fund identifiers |
| NASDAQ |
IVSIX |
| CUSIP |
465899714 |
Benchmark and peer group
Portfolio
Portfolio turnover (last fiscal year)
50%
High grade securities
56.4%
International developed
17.2%
High yield securities
-0.4%
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 fixed income holdings as of 05/31/2023
Holdings are as of the date indicated and subject to change.
List excludes cash and cash equivalents.
DENMARK KINGDOM OF (GOVERNMENT)
2.57
NEW ZEALAND (GOVERNMENT OF)
2.08
BELGIUM KINGDOM OF (GOVERNMENT)
1.92
Total % Portfolio in Top 10 holdings - 24.54%
Fixed income sectors
as of 04/30/2023
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.
Investment grade corporates
27.8%
U.S. Treasury securities
15.1%
High yield corporates
0.5%
Credit quality as of 04/30/2023
Total may not equal 100% due to rounding. The Fund’s investment manager, Delaware Management Company (DMC), a series of Macquarie Investment Management Business Trust, receives “Credit Quality” ratings for the underlying securities held by the Fund from three “nationally recognized statistical rating organizations” (NRSROs): Standard & Poor’s (S&P), Moody’s Investors Service, and Fitch, Inc. The credit quality breakdown is calculated by DMC based on the NRSRO ratings. If two or more NRSROs have assigned a rating to a security the higher rating (lower value) is used. If only one NRSRO rates a security, that rating is used. For securities rated by an NRSRO other than S&P, that rating is converted to the equivalent S&P credit rating. Securities that are unrated by any of the three NRSROs are included in the “not rated” category when applicable. Unrated securities do not necessarily indicate low quality. More information about securities ratings is contained in the Fund’s Statement of Additional Information.
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
Andrew Vonthethoff, CFA
-
Senior Vice President, Senior Portfolio Manager
-
Start date on the Fund:
November 2021
-
Years of industry experience:
15
-
Read bio
Andrew Vonthethoff
Senior Portfolio Manager
Andrew Vonthethoff is a portfolio manager for the Macquarie Asset Management Fixed Income (MFI) credit and multi-sector strategies. He is also a portfolio manager for the Macquarie Dynamic Bond Fund and Macquarie Income Opportunities Fund. Since transferring from the MFI quantitative and markets research team in 2010, Vonthethoff has been responsible for portfolio management, including global relative value, sector rotation, and security selection. Vonthethoff joined the firm in 2008 as a quantitative analyst, and was involved in building and maintaining financial models as well as providing general quantitative and systems support across MFI. Vonthethoff earned a Bachelor of Commerce (Actuarial Studies and Finance) from the University of New South Wales.
Matthew Mulcahy
-
Managing Director, Head of Rates and Currency
-
Start date on the Fund:
October 2021
-
Years of industry experience:
26
-
Read bio
Matthew Mulcahy
Managing Director, Head of Rates and Currency
Matthew Mulcahy leads the Macquarie Asset Management Fixed Income (MFI) Global Rates and Currency
team. He is also a lead portfolio manager of the Macquarie Australian Fixed Interest Fund and Macquarie
Dynamic Bond and co-manages MFI’s Australian fixed interest portfolios. Mulcahy’s experience and expertise
has contributed to MFI’s investment strategies across all the cash and fixed income solutions globally. Mulcahy
joined Macquarie Asset Management (MAM) in 2015, and before that he spent nine years as a senior portfolio
manager at PIMCO and was also a member of the Macro Strategic Trading Team at UBS. He holds a Bachelor
of Business in Accounting and Finance from the University of Technology Sydney.
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 quality for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 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 |
0.62% |
| Distribution and service (12b-1) fees |
none |
| Other expenses |
0.24% |
| Total annual fund operating expenses |
0.86% |
| Fee waivers and expense reimbursements1 |
(0.15%) |
| Total annual fund operating expenses after fee waivers and expense reimbursements |
0.71% |
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 29, 2022 through July 29, 2023. 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
Fact sheet and commentaries
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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.