Delaware Wealth Builder Fund

Delaware Wealth Builder Fund*

 
Close of business on April 28, 2023, Delaware Total Return Fund reorganized into Delaware Wealth Builder Fund.

Key features

Seeks total return and offers the potential for capital growth and current income

Provides diversification among different asset classes consistent with a moderate risk level

Strategic and tactical allocations made by an experienced multi-asset allocation team

Daily pricing as of 04/23/2024

NAV
$14.35
NAV 1-day net change
0.10
Max offer price
$14.35

Total net assets as of 03/31/2024

All share classes
$918.2 million

Overview

Fund information
Inception date 12/02/1996
Dividends paid (if any) Monthly
Capital gains paid (if any) November or December
Fund identifiers
NASDAQ DDIIX
CUSIP 24610B404

Benchmark and peer group

60% S&P 500® Index / 40% Bloomberg US Aggregate Index (Benchmark) (view definition)

S&P 500® Index (view definition)

Bloomberg US Aggregate Index (view definition)

Morningstar Allocation — 50% to 70% Equity Category (view definition)

Lipper Flexible Portfolio Funds Average (view definition)

Performance

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

Total returns may reflect waivers and/or expense reimbursements by the manager and/or distributor for some or all of the periods shown. Performance would have been lower without such waivers and reimbursements.

Average annual total return as of month-end (03/31/2024)

Returns for less than one year are not annualized.

The primary benchmark index for the Fund has been changed to a blended index to better reflect the nature of the underlying securities held by the Fund.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Average annual total return as of quarter-end (03/31/2024)

Returns for less than one year are not annualized.

The primary benchmark index for the Fund has been changed to a blended index to better reflect the nature of the underlying securities held by the Fund.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Overall Morningstar RatingTM

Institutional Class shares - as of 03/31/2024

MorningstarMorningstarMorningstar
Rating No. of funds
Overall 3 686
3 years 5 686
5 years 3 646
10 years 2 487
Morningstar category Morningstar Allocation -- 50% to 70% Equity Category

(View Morningstar disclosure)

The Morningstar rating is based on risk-adjusted returns.

Morningstar ranking - as of 03/31/2024
1 year 259 / 738
3 years 19 / 686
5 years 295 / 646
10 years 313 / 487
Morningstar category Morningstar Allocation -- 50% to 70% Equity Category

(View Morningstar disclosure)

The Morningstar ranking is based on historical total returns.

Lipper ranking - as of 03/31/2024
1 year 113 / 429
3 years 32 / 397
5 years 91 / 357
10 years 71 / 244
Lipper classification Lipper Flexible Portfolio Funds Average

(View Lipper disclosure)

The Lipper ranking is based on historical total returns.

Expense ratio

Gross
0.82%
Net
0.81%

Net 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.

Calendar year total returns @ NAV

Year
Annual return
Year
Annual return
2023
12.43%
2022
-8.45%
2021
18.13%
2020
2.73%
2019
17.80%
2018
-6.95%
2017
9.40%
2016
9.41%
2015
-2.40%
2014
8.22%

Portfolio

Portfolio characteristics as of 03/31/2024

Number of holdings
904
Portfolio turnover (last fiscal year)
51%
Beta (relative to 60% S&P500 Index/ 40% Bloomberg US Aggregate Index) (view definition)
0.91
SEC 30-day yield with waiver (view definition)
2.68%
SEC 30-day yield without waiver (view definition)
2.64%
Annualized standard deviation, 3 years (view definition)
12.12

Portfolio composition as of 03/31/2024
Total may not equal 100% due to rounding.

US quality and income equity
35.6%
Investment grade
20.3%
Large-cap value
14.3%
Opportunistic
6.8%
Convertibles
6.0%
International equity
4.9%
High yield
4.1%
International fixed income
3.4%
REITs
3.1%
Cash and cash equivalents
1.6%

Top 10 equity holdings as of 03/31/2024

Holdings are as of the date indicated and subject to change.

List may exclude cash and cash equivalents.

Holding
% of portfolio
Holding
% of portfolio
MICROSOFT CORP
2.71
VANGUARD RUSSELL INDEX FUND;ETF
2.68
APPLE INC
2.39
NVIDIA CORP
2.14
EXXON MOBIL CORP
1.27
MERCK & CO INC
1.18
HIXON PROPERTIES INC
1.10
ISHARES CORE MSCI EUROPE ETF
0.98
TJX INC
0.98
VERIZON COMMUNICATIONS INC
0.96

Total % Portfolio in Top 10 holdings - 16.39%

List of monthly holdingsList of quarterly holdings

Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ per share)

Year
Capital gains3
Net investment income
Year
Capital gains3
Net investment income
2024
0.000
0.194
2023
0.299
0.300
2022
0.758
0.302
2021
0.830
0.265
2020
0.000
0.307
2019
0.192
0.404
2018
0.817
0.391
2017
0.049
0.374
2016
0.000
0.304
2015
0.000
0.361
2014
0.000
0.375

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, a series of Macquarie Investment Management Business Trust (a Delaware statutory trust)

Aaron Young

Aaron D. Young 

  • Senior Vice President, Portfolio Manager – Global Multi-Asset
  • Start date on the Fund: March 2022
  • Years of industry experience: 19
  • Read bio

Sub-advisor

Macquarie Investment Management Austria Kapitalanlage AG (MIMAK) serves as sub-advisor for the Fund. MIMAK is primarily responsible for the day-to-day management of the Fund's portfolio and determines its asset allocation.

Stefan Lowenthal

Stefan Löwenthal, CFA

  • Managing Director, Head of Global Multi-Asset
  • Start date on the Fund: June 2020
  • Years of industry experience: 16
  • Read bio
Jurgen Wurzer

Jürgen Wurzer 

  • Managing Director, Deputy Head of Global Multi-Asset
  • Start date on the Fund: June 2020
  • Years of industry experience: 17
  • Read bio

Fees

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 0.64%
Distribution and service (12b-1) fees none
Other expenses 0.18%
Total annual fund operating expenses 0.82%
Fee waivers and expense reimbursements1 (0.01%)
Total annual fund operating expenses after fee waivers and expense reimbursements 0.81%

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.

Other expenses contain a 0.02% acquired fund fees and expenses. Acquired fund fees and expenses sets forth the Fund's pro rata portion of the cumulative expenses charged by the registered investment companies (RICs) in which the Fund invested during the last fiscal year. The actual Acquired fund fees and expenses will vary with changes in the allocations of the Fund's assets. The Acquired fund fees and expenses shown are based on the total expense ratio of the RICs for the RICs' most recent fiscal period. These expenses are not direct costs paid by Fund shareholders, and are not used to calculate the Fund's NAV.

1 The Fund’s investment manager, Delaware Management Company (Manager), has contractually agreed to waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any acquired fund fees and expenses, taxes, interest, short sale and dividend interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations) in order to prevent total annual fund operating expenses from exceeding 0.83% of the Fund’s average daily net assets from March 30, 2021 through March 31, 2022. These waivers and reimbursements may only be terminated by agreement of the Manager and the Fund.

Resources

Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund's prospectus and its summary prospectus, which may be obtained by visiting delawarefunds.com/literature or calling 877 693-3546. Investors should read the prospectus and the summary prospectus carefully before investing.

Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund's prospectus and its summary prospectus, which may be obtained by visiting delawarefunds.com/literature or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.

Macquarie Investment Management Austria Kapitalanlage AG (MIMAK) serves as sub-advisor for the Fund. MIMAK is primarily responsible for the day-to-day management of the Fund's portfolio and determines it asset allocation. The Fund's investment manager, Delaware Management Company (Manager), may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Europe Limited (MIMEL) and Macquarie Investment Management Global Limited (MIMGL). The Manager may also permit MIMEL, MIMGL, and Macquarie Funds Management Hong Kong Limited (MFMHKL) to execute Fund security trades on behalf of the Manager. The Manager may also permit MIMEL and MIMGL to exercise investment discretion for securities in certain markets where the Manager believes it will be beneficial to utilize their specialized market knowledge, and the Manager may also seek quantitative support from MIMGL. MIMGL is also responsible for managing real estate investment trust securities and other equity asset classes to which the portfolio managers may allocate assets from time to time.

Investing involves risk, including the possible loss of principal.

* Investment in the Fund does not in any way provide an indication of future performance or a guarantee of positive returns.

The Fund may invest up to 45% of its net assets in high yield, higher-risk corporate bonds.

Fixed income securities and bond investments can lose value, and investors can lose principal, as interest rates rise. They also may be affected by economic conditions that hinder an issuer’s ability to make interest and principal payments on its debt.

The Fund may also be subject to prepayment risk, the risk that the principal of a bond that is held by a portfolio will be prepaid prior to maturity, at the time when interest rates are lower than what the bond was paying. A portfolio may then have to reinvest that money at a lower interest rate.

High yielding, non-investment-grade bonds (junk bonds) involve higher risk than investment grade bonds.

International investments entail risks including fluctuation in currency values, differences in accounting principles, or economic or political instability. Investing in emerging markets can be riskier than investing in established foreign markets due to increased volatility, lower trading volume, and higher risk of market closures. In many emerging markets, there is substantially less publicly available information and the available information may be incomplete or misleading. Legal claims are generally more difficult to pursue.

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The abandonment of these rates and transition to alternative rates could affect the value and liquidity of instruments that reference them and could affect investment strategy performance.

Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis, and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and can be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Fund’s investments. Given the increasing interdependence among global economies and markets, conditions in one country, market, or region are increasingly likely to adversely affect markets, issuers, and/or foreign exchange rates in other countries. These disruptions could prevent the Fund from executing advantageous investment decisions in a timely manner and could negatively impact the Fund’s ability to achieve its investment objective. Any such event(s) could have a significant adverse impact on the value and risk profile of the Fund.

All third-party marks cited are the property of their respective owners.

Not FDIC Insured • No Bank Guarantee • May Lose Value

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