Key features
Dynamic asset allocation approach that aims to provide investors with capital appreciation and diversification
Seeks to capture attractive investment opportunities around the world
Experienced asset allocation team leveraging specialized experts across asset classes
Daily pricing
as of
01/27/2023
NAV 1-day net change
0.01
Total net assets
as of
12/31/2022
All share classes
$177.7 million
Overview
Fund identifiers |
NASDAQ |
DFFIX |
CUSIP |
245918800 |
Benchmark and peer group
Portfolio
Portfolio turnover (last fiscal year)
70%
Asset allocations* (as of 12/31/2022)
|
Range |
Strategic policy weight |
Actual** |
Equity asset class (total) |
40-70% |
60% |
60.9% |
U.S. equity asset class |
10-40% |
30% |
33.6% |
U.S. large-cap core |
|
|
10.3% |
U.S. large-cap growth |
|
|
7.7% |
U.S. large-cap value |
|
|
9.5% |
U.S. small-cap core |
|
|
6.1% |
U.S. small-cap growth |
|
|
0.0% |
U.S. small-cap value |
|
|
0.0% |
International equity asset class |
10-40% |
22.5% |
21.4% |
International growth |
|
|
21.4% |
International value |
|
|
0.0% |
International small-cap growth |
|
|
0.0% |
Global real estate equity asset class |
0-15% |
0.0% |
0.0% |
U.S. real estate |
|
|
0.0% |
Global ex-U.S. real estate
|
|
|
0.0% |
Emerging markets asset class |
0-15% |
7.5% |
5.9% |
Emerging markets |
|
|
5.9% |
Emerging markets small-cap |
|
|
0.0% |
Emerging markets opportunities |
|
|
0.0% |
Fixed income asset class (total) |
30-60% |
40% |
39% |
Diversified fixed income asset class |
30-60% |
40% |
39% |
Diversified fixed income |
20-50% |
38% |
38.9% |
Money market / cash equivalents |
0-15% |
2% |
0.1% |
*The percentages listed in this chart for "Range," "Strategic policy weight," and "Actual" represent the proportion of the Fund's assets allocated to the portfolio manager responsible for investing in a particular asset class or investment style. Each individual manager is responsible for determining how his or her assets are invested, subject to the constraints outlined in the Fund's prospectus. The "Range" and "Strategic policy weight" are as of the prospectus date.
**Total may not equal 100% due to rounding.
Top 10 equity holdings as of 12/31/2022
Holdings are as of the date indicated and subject to change.
List may exclude cash and cash equivalents.
Alphabet Inc. Class A
0.76
Taiwan Semiconductor Manufacturing
0.65
Reliance Industries Gdr Representi
0.63
Samsung Electronics Ltd.
0.60
Motorola Solutions Inc.
0.60
Total % Portfolio in Top 10 holdings - 7.26%
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
Investment manager
Delaware Management Company (DMC)
Stefan Löwenthal, CFA
-
Managing Director, Chief Investment Officer — Global Multi Asset Team
-
Start date on the Fund:
January 2019
-
Years of industry experience:
14
-
Read bio
Stefan Löwenthal
Managing Director, Chief Investment Officer — Global Multi Asset Team
Stefan Löwenthal is the Chief Investment Officer for Macquarie Investment Management Austria Kapitalanlage AG (MIMAK), a role he assumed in February 2013. He heads the global multi asset team based in Vienna, which is responsible for all asset allocation and security selection decisions, the management of mutual funds, as well as the development of new investment strategies. In addition, Löwenthal oversees the investment policy committee, which is responsible for strategic investment decisions at MIMAK. He began his career with Macquarie in February 2008 as a portfolio manager. He holds a Master of Management Science from Vienna University of Economics and Business. Löwenthal is a lecturer for economics at the IMC University of applied sciences in Krems (Austria) and the Qiongzhou University in Sanya (China).
Jürgen Wurzer, CFA
-
Senior Vice President, Deputy Head of Portfolio Management— Global Multi Asset Team
-
Start date on the Fund:
January 2019
-
Years of industry experience:
16
-
Read bio
Jürgen Wurzer
Senior Vice President, Deputy Head of Portfolio Management— Global Multi Asset Team
Jürgen Wurzer is the Deputy Head of Portfolio Management for Macquarie Asset Management’s Global Multi Asset team, a role he assumed in April 2018. He is responsible for designing and managing multi asset strategies, overseeing quantitative research and modelling, as well as analyzing global equity markets. He initially joined Macquarie in
January 2007, focusing on multi asset solutions. Prior to re-joining Macquarie in April 2018, he was part of the multi asset management team at Erste Asset Management from September 2016 to March 2018. He graduated from University of Applied Sciences Wiener Neustadt with a master’s degree. Wurzer is a lecturer for asset allocation, quantitative finance, and portfolio and risk management at several educational institutions.
Aaron D. Young
-
Senior Vice President, Portfolio Manager
-
Start date on the Fund:
May 2022
-
Years of industry experience:
18
-
Read bio
Aaron D. Young
Senior Vice President, Portfolio Manager
Aaron D. Young is a Portfolio Manager for Ivy Investments, now part of Macquarie Asset Management’s Delaware Management Company. He joined Macquarie Asset Management (MAM) as part of the firm’s April 30, 2021 acquisition (Transaction) of the investment management business of Waddell & Reed Financial, Inc., the parent company of Ivy Investment Management Company (IICO), the former investment advisor of the Transaction Funds. He joined IICO in 2005 as a fixed income analyst with an emphasis in credit research and derivative securities. He joined the Asset Strategy team at IICO as an investment analyst in 2007. He had served as an assistant portfolio manager for investment companies managed by IICO (or its affiliates) since 2012 and has been a portfolio manager on the multi-asset investment team since 2016. He earned a bachelor's degree in philosophy from the University of Missouri and holds an MBA with an emphasis in finance and strategy from the Olin School of Business at Washington 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 $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 |
0.65% |
Distribution and service (12b-1) fees |
none |
Other expenses |
0.29% |
Total annual fund operating expenses |
0.94% |
Fee waivers and expense reimbursements1 |
(0.15%) |
Total annual fund operating expenses after fee waivers and expense reimbursements |
0.79% |
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.