Key features
The Fund invests in equity securities issued by companies with products, services or practices that align with the United Nations Sustainable Development Goals (SDGs) and that we believe have investment profiles similar to the Russell 1000® Value Index
The Fund's portfolio seeks a dividend yield higher than its benchmark, the Russell 1000® Value Index
Striving to satisfy dual societal and investment objectives, the Fund’s investment team combines sustainability experience with quantitative experience
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
$75.3 million
Overview
| Fund identifiers |
| NASDAQ |
IDAIX |
| CUSIP |
46600A617 |
Benchmark
Portfolio
Market cap (median) Source: FactSet
$37.1 billion
Market cap (weighted average) Source: FactSet
$143.0 billion
Portfolio turnover (last fiscal year)
94%
Cash, cash equivalents and other assets
0.2%
Top 10 holdings
as of 05/31/2023
Holdings are as of the date indicated and subject to change.
List may exclude cash and cash equivalents. Please see the Fund's complete list of holdings for more information.
Holdings based by issuer.
PIONEER NATURAL RESOURCES COMPANY
1.85
CISCO SYSTEMS INC (PRE-MERGER)
1.52
Total % Portfolio in Top 10 holdings - 17.58%
Sector allocation
as of 05/31/2023
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Fund’s complete list of holdings for more information.
Communication services
9.1%
Information technology
8.8%
Consumer discretionary
5.6%
Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ 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
Barry Gladstein, CFA, CPA
-
Head of Sustainable Investing
Macquarie Asset Management
Public Investments
-
Start date on the Fund:
November 2021
-
Years of industry experience:
27
-
Read bio
Barry Gladstein
Head of Sustainable Investing
Macquarie Asset Management
Public Investments
Barry Gladstein manages the firm’s external investment research process and oversees the firm’s Environmental, Social and Governance (ESG) investment practices. Prior to joining Macquarie Asset Management (MAM) in 2016 in his current role, Gladstein spent five years as founding member, portfolio manager, and chief financial officer for Cross Ledge Investments, an SEC-registered investment advisor firm whose primary product was the Cross Ledge Long/Short Equity Fund. From 1995 to 2010, he worked at Delaware Investments in various investment and operational roles, leaving the firm as co-chief investment officer and portfolio manager/analyst for the firm’s Emerging Growth team. Gladstein earned a bachelor’s degree in accounting from the State University of New York at Binghamton and an MBA in finance from The Wharton School of the University of Pennsylvania. He is a certified public accountant and an FSA credential holder.
Chris Gowlland, CFA
-
Senior Vice President, Head of Equity Quantitative Research
-
Start date on the Fund:
November 2021
-
Years of industry experience:
26
-
Read bio
Chris Gowlland
Senior Vice President, Head of Equity Quantitative Research
Chris Gowlland is the Head of Equity Quantitative Research, a role he assumed in July 2019. As part of his role, he also serves as portfolio manager for certain portfolios managed by the Global Equity team and for several different strategies in the firm’s multi-asset class offerings. Previously, he was a senior quantitative analyst for the firm’s equity department. Prior to joining Macquarie Asset Management (MAM) in May 2007, he spent seven years working in fundamental equity research and corporate finance for Morgan Stanley and Commerzbank Securities, followed by two years as a quantitative strategist at Morgan Stanley and at State Street Global Markets. Gowlland holds a bachelor’s degree in Chinese and Spanish from the University of Leeds (U.K.), a master’s degree in development studies from Brown University, and another master’s degree in international management from Thunderbird. He also spent several years in a Ph.D. program in political economy at Harvard University. Gowlland is a member of the CFA Institute, the CFA Society New York, the CFA Society of Philadelphia, and the Society of Quantitative Analysts.
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 |
0.35% |
| Distribution and service (12b-1) fees |
none |
| Other expenses |
0.33% |
| Total annual fund operating expenses |
0.68% |
| Fee waivers and expense reimbursements1 |
(0.18%) |
| Total annual fund operating expenses after fee waivers and expense reimbursements |
0.50% |
Please see the prospectus and SAI for additional information.
1Net expense ratio reflects a contractual waiver of certain fees/and/or expense reimbursements from January 30, 2023 through January 30, 2024. 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.
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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.