Key features
Seeks higher-quality small-cap companies with scalable business models that allow for sustained growth
Emphasis on fundamental, active stock selection driving risk and return
Combined, the team has 65+ years of industry experience and 30+ years of experience working with small-cap strategies
Daily pricing
as of
06/05/2023
NAV 1-day net change
-0.02
Total net assets
as of
04/30/2023
All share classes
$123.3 million
Overview
Fund identifiers |
NASDAQ |
DSGGX |
CUSIP |
24610A802 |
Benchmark and peer group
Portfolio
Market cap (median) Source: FactSet
$4.0 billion
Market cap (weighted average) Source: FactSet
$4.8 billion
Portfolio turnover (last fiscal year)
115%
International equities & depositary receipts
4.0%
Cash, cash equivalents and other assets
2.3%
Top 10 holdings
as of 05/31/2023
Holdings are as of the date indicated and subject to change.
List may exclude cash and cash equivalents. Please see the Fund's complete list of holdings for more information.
Holdings based by issuer.
DOUBLEVERIFY HOLDINGS INC
5.25
CELSIUS HOLDINGS INC
2.91
LATTICE SEMICONDUCTOR CORPORATION
2.45
CYBER ARK SOFTWARE LTD
2.22
Total % Portfolio in Top 10 holdings - 28.65%
Sector allocation
as of 05/31/2023
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Fund’s complete list of holdings for more information.
Information technology
21.7%
Consumer discretionary
12.1%
Communication services
2.4%
Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ 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
Timothy J Miller, CFA
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
December 2022
-
Years of industry experience:
44
-
Read bio
Timothy J Miller, CFA
Managing Director, Senior Portfolio Manager
Timothy J. Miller is a Senior 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 February 2008 and had served as the portfolio manager for investment companies managed by IICO (or its affiliates) since March 2008. He holds a bachelor's degree in business administration from St. Louis University and an MBA from the University of Missouri-St. Louis.
Kenneth G. McQuade
-
Managing Director, Senior Portfolio Manager
-
Start date on the Fund:
December 2022
-
Years of industry experience:
28
-
Read bio
Kenneth G. McQuade
Managing Director, Senior Portfolio Manager
Kenneth G. McQuade is a Senior 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 1997 as an investment analyst. He was an assistant portfolio manager of separately managed small-cap growth accounts at IICO from August 2003 until March 2010. He has been a portfolio manager for the Delaware Ivy VIP Small Cap Growth strategy since 2006 and has been a portfolio manager for Delaware Ivy Small Cap Growth Fund since 2016. He earned a bachelor's degree in finance from Bradley University.
The portfolio management team for the Fund changed effective December 5, 2022. Please read the latest prospectus, including the supplement dated December 5, 2022, for more information concerning this event. Because everyone’s tax situation is unique, you should consult your tax professional about federal, state, local, or foreign tax consequences before making an investment in the Fund.
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 |
0.75% |
Distribution and service (12b-1) fees |
none |
Other expenses |
0.28% |
Total annual fund operating expenses |
1.03% |
Please see the prospectus and SAI for additional 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.