Key features
The Fund invests exclusively in a diversified portfolio of U.S. government securities
The fund seeks to generate a level of income consistent with capital preservation
The team has more than 50 years of experience in managing various types of credit portfolios
Daily pricing
as of
05/26/2023
NAV 1-day net change
0.01
Total net assets
as of
04/30/2023
All share classes
$159.2 million
Overview
| Fund identifiers |
| NASDAQ |
IGJIX |
| CUSIP |
46600B177 |
Benchmark and peer group
Portfolio
Portfolio turnover (last fiscal year)
148%
Top 10 fixed income holdings as of 04/30/2023
Holdings are as of the date indicated and subject to change.
List excludes cash and cash equivalents.
Total % Portfolio in Top 10 holdings - 42.79%
Fixed income sectors
as of 04/30/2023
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Fund’s complete list of holdings for more information.
U.S. Treasury securities
48.2%
Commercial mortgage-backed securities
14.1%
Credit quality as of 04/30/2023
Total may not equal 100% due to rounding. The Fund’s investment manager, Delaware Management Company (DMC), a series of Macquarie Investment Management Business Trust, receives “Credit Quality” ratings for the underlying securities held by the Fund from three “nationally recognized statistical rating organizations” (NRSROs): Standard & Poor’s (S&P), Moody’s Investors Service, and Fitch, Inc. The credit quality breakdown is calculated by DMC based on the NRSRO ratings. If two or more NRSROs have assigned a rating to a security the higher rating (lower value) is used. If only one NRSRO rates a security, that rating is used. For securities rated by an NRSRO other than S&P, that rating is converted to the equivalent S&P credit rating. Securities that are unrated by any of the three NRSROs are included in the “not rated” category when applicable. Unrated securities do not necessarily indicate low quality. More information about securities ratings is contained in the Fund’s Statement of Additional Information.
Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ 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
Eric Frei, CMT
-
Senior Vice President, Senior Portfolio Manager
-
Start date on the Fund:
November 2021
-
Years of industry experience:
26
-
Read bio
Eric Frei
Senior Vice President, Senior Portfolio Manager
Eric Frei is Senior Portfolio Manager for Macquarie Asset Management Fixed Income (MFI), with responsibility
for managing fixed income separately managed account (SMA) strategies. In addition, he manages sector
rotation and security selection between Treasurys and agencies. Frei joined Macquarie Asset Management
(MAM) in April 2011 as part of the firm’s integration of Macquarie Allegiance Capital, responsible for trading
government securities for SMA portfolios as well as portfolio management and asset allocation of the firm’s
aggregate-duration, intermediate-duration, and low-duration products. He began his career in the financial
services industry in 1997 as a mutual fund trader with CNA Trust, later joining Macquarie Allegiance in 1999.
He earned a bachelor’s degree in management science from the University of California at San Diego.
Brian M. Scotto
-
Senior Vice President, Senior Portfolio Manager
-
Start date on the Fund:
November 2021
-
Years of industry experience:
28
-
Read bio
Brian M. Scotto
Senior Vice President, Senior Portfolio Manager
Brian M. Scotto is a Senior Portfolio Manager for Macquarie Investment Management Fixed Income (MFI), responsible for trading government and agency securities, as well as interest rate futures and options. He joined Macquarie Investment Management in 2002, and prior to moving to MFI, he was vice president and product manager for the firm’s value, international, and core mutual funds. For two years prior to working at the firm, Scotto was a vice president and head trader at Somerset Financial Group in Princeton, N.J., where he traded equities, equity options, and fixed instruments. He also spent three years at GMAC Mortgage Corporation as a mortgage trading analyst. Scotto received his bachelor’s degree in accounting and an MBA with a concentration in finance from La Salle University.
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 |
0.50% |
| Distribution and service (12b-1) fees |
none |
| Other expenses |
0.30% |
| Total annual fund operating expenses |
0.80% |
| Fee waivers and expense reimbursements1 |
(0.16%) |
| Total annual fund operating expenses after fee waivers and expense reimbursements |
0.64% |
Please see the prospectus and SAI for additional information.
1Net expense ratio reflects a contractual waiver of certain fees/and/or expense reimbursements from January 30, 2023 through January 30, 2024. 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
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.