Key features
Invests in companies with superior, self-sustaining business models at attractive valuations
Focuses on growth compounding businesses, high-quality cyclicals, and companies at an unrecognized inflection toward growth
Seeks above benchmark returns with a similar level of risk
Daily pricing
as of
04/26/2024
NAV 1-day net change
0.10
Total net assets
as of
03/31/2024
All share classes
$264.1 million
Overview
Fund identifiers |
NASDAQ |
DEQIX |
CUSIP |
245914403 |
Benchmark and peer group
Portfolio
Market cap (median) Source: FactSet
$42.5 billion
Market cap (weighted average) Source: FactSet
$115.3 billion
Portfolio turnover (last fiscal year)
102%
International equities & depositary receipts
93.8%
Cash, cash equivalents and other assets
1.9%
Top 10 holdings
as of 03/31/2024
Holdings are as of the date indicated and subject to change.
List may exclude cash and cash equivalents. Please see the Fund's complete list of holdings for more information.
Holdings based by issuer.
SEVEN & I HOLDINGS CO LTD
3.34
ASAHI GROUP HOLDINGS LTD
3.32
TAIWAN SEMICONDUCTOR MANUFACTURING CO LT
3.19
Total % Portfolio in Top 10 holdings - 34.52%
Top 10 countries
as of 03/31/2024
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes.
Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ 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
Aditya Kapoor, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
August 2023
-
Years of industry experience:
16
-
Read bio
Aditya Kapoor
Managing Director, Senior Portfolio Manager
- Joined Ivy Investments in 2008, acquired by Macquarie in 2021
- Based in Kansas City
Adi is a Senior Portfolio Manager for Macquarie Asset Management’s (MAM’s) Ivy Global Equity Team, where he is responsible for making day-to-day investment decisions for the team’s strategy.
Adi joined Ivy Investments as an Equity Investment Analyst. He had served as Assistant Vice President and Assistant Portfolio Manager for the firm since 2013. He became a Portfolio Manager in 2017.
He earned a Bachelor of Technology in production and industrial engineering from the Indian Institute of Technology (IIT-Delhi) and received a Master of Business Administration from The Johnson School at Cornell University. He holds the Chartered Financial Analyst® designation.
Charles John, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
August 2023
-
Years of industry experience:
17
-
Read bio
Charles John
Managing Director, Senior Portfolio Manager
- Joined Ivy Investments in 2017, acquired by Macquarie in 2021
- Based in Kansas City
Charles is a Senior Portfolio Manager for Macquarie Asset Management’s (MAM’s) Ivy Global Equity Team, where he is responsible for making day-to-day investment decisions for the team’s strategy.
Charles joined Ivy Investments as an Equity Investment Analyst and became a Portfolio Manager for the firm in 2021. Previously, he was Co-Portfolio Manager of a global fund and Senior Investment Analyst with Scout Investments.
Charles is a volunteer at Freedom Service Dogs, an organization that transforms lives by partnering individuals in need with custom-trained assistance dogs. He is also a board member of Friends for Youth, an organization that provides mentoring services for the at-risk youth population.
Charles earned a Bachelor of Engineering in mechanical engineering from the Bangalore Institute of Technology (B.I.T.) India (Honors). He earned a Master of Business Administration with an emphasis in finance from the University of Missouri–Kansas City. He holds the Chartered Financial Analyst® designation.
Trey Schorgl, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
August 2023
-
Years of industry experience:
13
-
Read bio
Trey Schorgl
Managing Director, Senior Portfolio Manager
- Joined Ivy Investments in 2014, acquired by Macquarie in 2021
- Based in Kansas City
Trey is a Senior Portfolio Manager for Macquarie Asset Management’s (MAM’s) Ivy Global Equity Team, where he is responsible for making day-to-day investment decisions for the team’s strategy.
He joined Ivy Investments as an Equity Analyst. He was appointed Senior Equity Analyst in January 2022; he assumed portfolio management responsibilities in July 2023. His research responsibilities were concentrated in aerospace and defense, industrial conglomerates, and semiconductors and semiconductor capital equipment. Prior to joining Ivy Investments, he was an Equity Analyst with Balyasny Asset Management. Before that, he was an Equity Research Associate with Credit Suisse.
He earned a Bachelor of Business Administration cum laude with a double major in finance and accounting from Texas Christian University. He holds the Chartered Financial Analyst® designation, and he is a member of the CFA Institute and the CFA Society of Kansas City.
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 |
0.23% |
Total annual fund operating expenses |
1.08% |
Fee waivers and expense reimbursements1 |
(0.20%) |
Total annual fund operating expenses after fee waivers and expense reimbursements |
0.88% |
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