Key features
Investment approach geared towards long-term structural growth opportunities - focus on companies versus countries
Emphasis on companies with franchise sustainability and attractive valuations
Dedicated emerging markets team has managed the Fund since 2006
Daily pricing
as of
04/26/2024
NAV 1-day net change
0.45
Total net assets
as of
03/31/2024
All share classes
$5.3 billion
Overview
| Fund identifiers |
| NASDAQ |
DEMIX |
| CUSIP |
245914817 |
Benchmark and peer group
Portfolio
Market cap (median) Source: FactSet
$5.7 billion
Market cap (weighted average) Source: FactSet
$143.7 billion
Portfolio turnover (last fiscal year)
2%
International equities & depositary receipts
98.7%
Cash, cash equivalents and other assets
-0.3%
Values in excess of 100% and negative values may appear as the result of certain assets and liabilities. See the Fund's prospectus for securities in which the Fund would typically invest.
Top 10 holdings
as of 03/31/2024
Holdings are as of the date indicated and subject to change.
List may exclude cash and cash equivalents. Please see the Fund's complete list of holdings for more information.
Holdings based by issuer.
TAIWAN SEMICONDUCTOR MANUFACTURING CO LT
13.95
RELIANCE INDUSTRIES LTD
10.14
SAMSUNG ELECTRONICS CO LTD
6.95
ALIBABA GROUP HOLDING LTD
3.02
TENCENT HOLDINGS LTD
2.17
KWEICHOW MOUTAI CO LTD
1.76
Total % Portfolio in Top 10 holdings - 63.17%
Top 10 countries
as of 03/31/2024
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes.
Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ 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
Liu-Er Chen, CFA
-
Managing Director, Head of Emerging Markets Equity
-
Start date on the Fund:
September 2006
-
Years of industry experience:
28
-
Read bio
Liu-Er Chen
Managing Director, Head of Emerging Markets Equity
- Joined Delaware Investments in 2006, acquired by Macquarie in 2010
- Based in Boston
Liu-Er is Head of Emerging Markets Equity at Macquarie Asset Management (MAM), responsible for managing for the firm’s emerging markets equity portfolios and Delaware Healthcare Fund, a role he first assumed with Delaware Investments in September 2007.
Before joining Delaware Investments, Liu-Er worked at Evergreen Investment Management Company for nearly 11 years, where he was the sole manager of the Evergreen Health Care and Emerging Markets funds. Prior to his career in asset management, Liu-Er worked in sales, marketing, and business development for major American and European pharmaceutical and medical device companies.
Liu-Er earned a Master of Business Administration from Columbia Business School and holds the Chartered Financial Analyst® designation.
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 |
1.14% |
| Distribution and service (12b-1) fees |
none |
| Other expenses |
0.20% |
| Total annual fund operating expenses |
1.34% |
| Fee waivers and expense reimbursements1 |
(0.17%) |
| Total annual fund operating expenses after fee waivers and expense reimbursements |
1.17% |
Please see the prospectus and SAI for additional information.
1Net expense ratio reflects a contractual waiver of certain fees/and/or expense reimbursements from April 1, 2024 through March 31, 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
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.