Key features
The Fund invests across the valuation spectrum and seeks to capitalize on the inefficiencies of emerging market equities
The Fund invests in companies with attractive quality, momentum, and value characteristics offering consistent return potential
Quantitatively-driven approach that combines extensive investment knowledge with cutting edge technology
Daily pricing
as of
04/18/2024
NAV 1-day net change
0.18
Total net assets
as of
03/31/2024
All share classes
$761.0 million
Overview
| Fund identifiers |
| NASDAQ |
IPOIX |
| CUSIP |
465899854 |
Benchmark and peer group
Portfolio
Market cap (median) Source: FactSet
$29.9 billion
Market cap (weighted average) Source: FactSet
$156.3 billion
Portfolio turnover (last fiscal year)
65%
International equities & depositary receipts
99.7%
Cash, cash equivalents and other assets
0.3%
Top 10 holdings
as of 03/31/2024
Holdings are as of the date indicated and subject to change.
List may exclude cash and cash equivalents. Please see the Fund's complete list of holdings for more information.
Holdings based by issuer.
TAIWAN SEMICONDUCTOR MANUFACTURING CO LT
9.65
SAMSUNG ELECTRONICS CO LTD
6.64
TENCENT HOLDINGS LTD
3.73
BANK RAKYAT INDONESIA (PERSERO) TBK PT
2.42
TATA CONSULTANCY SERVICES LTD
2.39
Total % Portfolio in Top 10 holdings - 40.51%
Sector allocation
as of 03/31/2024
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Fund’s complete list of holdings for more information.
Information technology
30.1%
Consumer discretionary
15.9%
Communication services
10.1%
Top 10 countries
as of 03/31/2024
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes.
Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ 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
Benjamin Leung, CFA
-
Division Director, Co-Head of Systematic Investments, Head of Research
-
Start date on the Fund:
November 2021
-
Years of industry experience:
22
-
Read bio
Benjamin Leung
Division Director, Co-Head of Systematic Investments, Head of Research
- Joined Macquarie in 2001
- Based in Sydney
Ben is the Co-Head of the Macquarie Systematic Investments Team, a role he assumed in August 2014. He is responsible for the day-to-day management of the global portfolios, oversight of the trading function, development of new strategies, and client engagement. Ben is also the Head of Research, responsible for setting the research agenda to drive the ongoing evolution of investment techniques and technology.
During his tenure with the firm, he has held roles in software development, quantitative research, and portfolio management for a range of Australian, Developed, and Emerging Market Equity strategies.
Ben is a member of MAM APAC Awards Committee, and he serves on the FTSE EPRA NAREIT Asia Regional Advisory Committee.
He earned a Bachelor of Engineering (Honours) in software engineering (First Class) and a Master of Commerce in finance from the University of New South Wales. He holds the Chartered Financial Analyst® designation and he is a member of the CFA Institute.
Scot Thompson
-
Division Director, Co-Head of Systematic Investments, Portfolio Manager
-
Start date on the Fund:
November 2021
-
Years of industry experience:
26
-
Read bio
Scot Thompson
Division Director, Co-Head of Systematic Investments, Portfolio Manager
- Joined Macquarie in 2001
- Based in Sydney
Scot is Co-Head of the Macquarie Systematic Investments Team, a role he assumed in August 2014. He is responsible for the day-to-day management of the global portfolios, oversight of the trading function, development of new strategies, and client engagement. Scot has been a member of the team since 2004.
Previously, Scot was the Equities Head of Product, responsible for product design, development, and client relationships for the Australian and Global equities product range.
Prior to joining Macquarie, Scot worked on the performance analytics team for Cogent Investment Administration. Scot also worked in civil engineering for seven years before moving across to finance, working for several Australian companies as a Project Manager focusing on underground installations, quarrying, and mining.
He serves as a board member for one of Macquarie Asset Management’s investment management entities in Australia.
He earned his Bachelor of Civil Engineering from the University of Sydney majoring in civil engineering and a Master of Applied Finance from Macquarie 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 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 |
0.92% |
| Distribution and service (12b-1) fees |
none |
| Other expenses |
0.16% |
| Total annual fund operating expenses |
1.08% |
| Fee waivers and expense reimbursements1 |
(0.28%) |
| 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 July 31, 2023 through July 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
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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.