Delaware Select Growth Fund

Key features

Thematically oriented, concentrated approach to portfolio management

Focused on competitively advantaged companies well positioned to participate in major demand trends

Dedicated investment team has utilized the same investment philosophy since 1997

Daily pricing as of 09/24/2021

NAV
NAV 1-day net change
Max offer price
$48.20

Total net assets as of 08/31/2021

All share classes
$390.7 million

Overview

Fund information
Inception date 08/28/1997
Dividends paid (if any) Annually
Capital gains paid (if any) November or December
Fund identifiers
NASDAQ VAGGX
CUSIP 928931757

Benchmark and peer group

Russell 3000® Growth Index (view definition)

Morningstar Large Growth Category (view definition)

Lipper Multi-Cap Growth 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 (08/31/2021)

Returns for less than one year are not annualized.

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

Performance shown prior to Oct. 4, 2019, are as of the predecessor fund and investment team.

Average annual total return as of quarter-end (06/30/2021)

Returns for less than one year are not annualized.

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

Performance shown prior to Oct. 4, 2019, are as of the predecessor fund and investment team.

Overall Morningstar RatingTM

Institutional Class shares - as of 08/31/2021

Rating No. of funds
Overall 2 1128
3 years 2 1128
5 years 2 1020
10 years 1 760
Morningstar category Morningstar Large Growth Category

(View Morningstar disclosure)

The Morningstar rating is based on risk-adjusted returns.

Morningstar ranking - as of 08/31/2021
1 year 933 / 1233
3 years 793 / 1128
5 years 836 / 1020
10 years 709 / 760
Morningstar category Morningstar Large Growth Category

(View Morningstar disclosure)

The Morningstar ranking is based on historical total returns.

Lipper ranking - as of 08/31/2021
1 year 402 / 497
3 years 289 / 456
5 years 310 / 408
10 years 250 / 286
Lipper classification Lipper Multi-Cap Growth Funds Average

(View Lipper disclosure)

The Lipper ranking is based on historical total returns.

Expense ratio

Gross
0.99%
Net
0.99%

Calendar year total returns @ NAV

Year
Annual return
Year
Annual return
2020
46.42%
2019
27.73%
2018
-2.45%
2017
22.53%
2016
-1.64%
2015
-0.21%
2014
7.05%
2013
31.84%
2012
15.60%
2011
7.70%

Portfolio

Portfolio characteristics as of 08/31/2021

Number of holdings
34
Market cap (median) Source: FactSet
$50.8 billion
Market cap (weighted average) Source: FactSet
$220.1 billion
Portfolio turnover (last fiscal year)
134%
Beta (relative to Russell 3000 Growth Index) (view definition)
1.04
Annualized standard deviation, 3 years (view definition)
22.38

Portfolio composition as of 08/31/2021
Total may not equal 100% due to rounding.

Domestic equities
98.4%
International equities & depositary receipts
1.7%

Top 10 holdings as of 08/31/2021

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.

Holding
% of portfolio
Holding
% of portfolio
Yeti Holdings Inc.
5.23
PROGYNY Inc.
4.38
Exact Sciences Corp.
4.25
Marvell Tech Grp Ltd.
4.25
Siteone Landscape Supply Inc.
4.18
Nvidia Corp.
4.06
Match Group Inc.
3.93
Servicenow Inc.
3.93
Square Inc.
3.78
LYFT Inc.
3.69

Total % Portfolio in Top 10 holdings - 41.68%

List of monthly holdingsList of quarterly holdings

Sector allocation as of 08/31/2021

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.

Sector
Fund
Sector
Fund
Information technology
39.8%
Healthcare
20.5%
Consumer discretionary
16.5%
Industrials
12.4%
Communication services
10.8%

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

Year
Capital gains3
Net investment income
Year
Capital gains3
Net investment income
2021
0.000
0.000
2020
9.869
0.000
2019
2.585
0.000
2018
9.634
0.000
2017
2.238
0.000
2016
5.212
0.000
2015
9.720
0.000
2014
5.779
0.216
2013
1.777
0.000
2012
0.000
0.000
2011
0.000
0.000

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

Alex Ely

Alex Ely 

  • Managing Director, Chief Investment Officer — US Growth Equity
  • Start date on the Fund: July 2020
  • Years of industry experience: 29
  • 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 0.75%
Distribution and service (12b-1) fees none
Other expenses 0.24%
Total annual fund operating expenses 0.99%
Fee waivers and expense reimbursements1 none
Total annual fund operating expenses after fee waivers and expense reimbursements 0.99%

1The 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 12b-1 fees, acquired fund fees and expenses, taxes, interest, short sale dividend and 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 0.99% of the Fund's average daily net assets from Feb. 26, 2021 through March 1, 2022. These waivers and reimbursements may only be terminated by agreement of the Manager and the Fund.

Resources

Institutional Class shares are available only to certain investors. See the prospectus for more information.

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 clicking the prospectus link located under the Resources section, 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 are located under the Resources section, or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.

Investing involves risk, including the possible loss of principal.

The Fund’s investment manager, Delaware Management Company (Manager), may permit its affiliates, Macquarie Investment Management Global Limited (MIMGL), and Macquarie Funds Management Hong Kong Limited (MFMHKL), to execute Fund security trades on behalf of the Manager. The Manager may also seek quantitative support from MIMGL.

Investments in small and/or medium-sized companies typically exhibit greater risk and higher volatility than larger, more established companies.

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.

Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company.

Not FDIC Insured • No Bank Guarantee • May Lose Value

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Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.

You can check the background of your investment professional on FINRA's BrokerCheck.