Key features
Concentrated approach that seeks high-quality companies with undiscovered growth potential
Systematic integration of technology and fundamental analysis leads to strong risk controls and drives performance
Straightforward investment philosophy that has been applied consistently for more than 30 years
Daily pricing
as of
01/25/2021
NAV 1-day net change
-0.02
Total net assets
as of
12/31/2020
All share classes
$627.0 million
Overview
Fund identifiers |
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NASDAQ | FICHX |
CUSIP | 24611D698 |
Benchmark and peer group
Portfolio
Market cap (median) Source: FactSet
$36.6 billion
Market cap (weighted average) Source: FactSet
$423.2 billion
Portfolio turnover (last fiscal year)
37%
Cash and cash equivalents
1.1%
Top 10 holdings
as of 12/31/2020
Holdings are as of the date indicated and subject to change.
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Fund's complete list of holdings for more information.
Holdings based by issuer.
Cadence Design Syst Inc.
4.76
Deckers Outdoor Corp.
3.39
Total % Portfolio in Top 10 holdings - 40.78%
Sector allocation
as of 12/31/2020
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Fund’s complete list of holdings for more information.
Information technology
40.0%
Consumer discretionary
16.7%
Communication services
6.5%
Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ 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)
Sub-advisor
Smith Asset Management Group
Stephen S. Smith, CFA
-
Chief Executive Officer, Chief Investment Officer
-
Start date on the Fund:
October 2019
-
Years of industry experience:
44
-
Read bio
Stephen S. Smith
Chief Executive Officer, Chief Investment Officer
Stephen S. Smith founded Smith Asset Management Group in 1995 and serves as the company’s chief investment officer. Previously, he held a number of senior investment positions at Bank of America until he departed in 1995 to found Smith Group. He joined Wachovia Bank as a computer systems analyst in the mid-1970s and transitioned to the bank’s investment management division in order to help design and implement a portfolio management system. Smith left Wachovia and joined what is now known as Bank of America in 1983. He began his career in the late 1960s as an engineer with the National Aeronautics and Space Administration (NASA) in the lunar landing program. Smith has an engineering degree and an MBA, both from the University of Alabama. He is a member of the CFA Institute and the CFA Society of Dallas-Fort Worth.
John D. Brim, CFA
-
Chief Investment Officer
-
Start date on the Fund:
October 2019
-
Years of industry experience:
30
-
Read bio
John D. Brim
Chief Investment Officer
John D. Brim joined Smith Asset Management Group in March 1998 and is chief investment officer. Prior to joining the firm, he was a manager within the institutional investment consulting group of Deloitte & Touche from 1997 to 1998. From 1990 to 1997, Brim held a variety of positions, including senior client manager with NationsBank Asset Management in Dallas. He earned his bachelor’s degree in economics from Texas A&M University. Brim is a member of the CFA Institute and the CFA Society of Dallas-Fort Worth.
Eivind Olsen, CFA
-
Portfolio Manager
-
Start date on the Fund:
October 2019
-
Years of industry experience:
26
-
Read bio
Eivind Olsen
Portfolio Manager
Eivind Olsen joined Smith Asset Management Group in May 2008 and is a member of the portfolio management team. Prior to joining Smith Group, he was a portfolio manager with Brazos Capital Management/John McStay Investment Counsel from 1998 to 2008. From 1994 to 1996, he did equity research as an associate analyst with Rauscher Pierce Refsnes. He earned a bachelor’s degree in accounting and finance from Texas Christian University and an MBA in finance from the University of Texas. Olsen is a member of the CFA Institute and the CFA Society of Dallas-Fort Worth.
Fees
The table below describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
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 | 0.22% |
Total annual fund operating expenses | 0.87% |
Fee waivers and expense reimbursements1 | (0.01%) |
Total annual fund operating expenses after fee waivers and expense reimbursements | 0.86% |
Resources
Fact sheet and commentaries
Institutional Class shares are available only to certain investors. See the prospectus for more information.
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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.