Key features
Differentiated approach to growth investing with an emphasis on intrinsic business value and the cash economics of a business
Concentrated, actively managed approach
Long term investment horizon focused on generating attractive risk-adjusted returns
Daily pricing
as of
04/14/2021
NAV 1-day net change
-0.41
Total net assets
as of
03/31/2021
All share classes
$2.7 billion
Overview
Fund identifiers |
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NASDAQ | DEUIX |
CUSIP | 245917802 |
Benchmark and peer group
Portfolio
Market cap (median) Source: FactSet
$90.6 billion
Market cap (weighted average) Source: FactSet
$350.9 billion
Portfolio turnover (last fiscal year)
54%
International equities & depositary receipts
2.6%
Cash, cash equivalents and other assets
1.2%
Top 10 holdings
as of 03/31/2021
Holdings are as of the date indicated and subject to change.
List may exclude cash and cash equivalents. Please see the Fund's complete list of holdings for more information.
Holdings based by issuer.
UBER Technologies Inc.
6.23
Charter Communications Inc.
4.12
Total % Portfolio in Top 10 holdings - 50.84%
Sector allocation
as of 03/31/2021
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Fund’s complete list of holdings for more information.
Information technology
49.0%
Consumer discretionary
13.3%
Communication services
10.5%
Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ 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, a series of Macquarie Investment Management Business Trust (formerly, Delaware Management Business Trust) (a Delaware statutory trust)
Sub-advisor
Jackson Square Partners, LLC
Jeffrey S. Van Harte, CFA
-
Chairman, Chief Investment Officer – Jackson Square Partners, LLC
-
Start date on the Fund:
April 2005
-
Years of industry experience:
40
-
Read bio
Jeffrey S. Van Harte
Chairman, Chief Investment Officer – Jackson Square Partners, LLC
Jeffrey S. Van Harte became a member of Jackson Square Partners (JSP), at its inception in May 2014 as chairman and chief investment officer. Jackson Square Partners manages large-cap growth, smid-cap growth, all-cap growth, and global growth portfolios. Prior to joining JSP, he was the chief investment officer of the Focus Growth Equity team at Delaware Investments (which became known as Macquarie Investment Management on April 3, 2017) from April 2005 to April 2014. Prior to joining Delaware Investments, he was a principal and executive vice president at Transamerica Investment Management. Van Harte has been managing portfolios and separate accounts for 30 years. Before becoming a portfolio manager, Van Harte was a securities analyst and trader for Transamerica Investment Services, which he joined in 1980. Van Harte received his bachelor’s degree in finance from California State University at Fullerton.
Christopher M. Ericksen, CFA
-
Portfolio Manager, Analyst — Jackson Square Partners, LLC
-
Start date on the Fund:
September 2005
-
Years of industry experience:
26
-
Read bio
Christopher M. Ericksen
Portfolio Manager, Analyst — Jackson Square Partners, LLC
Christopher M. Ericksen became a member of Jackson Square Partners (JSP), at its inception in May 2014 as a portfolio manager and equity analyst. Jackson Square Partners manages large-cap growth, smid-cap growth, all-cap growth, and global growth portfolios. Prior to joining JSP, he was a portfolio manager and equity analyst on the Focus Growth Equity team at Delaware Investments (which became known as Macquarie Investment Management on April 3, 2017) from April 2005 to April 2014. Prior to joining Delaware Investments, he was a portfolio manager at Transamerica Investment Management, where he also managed institutional separate accounts. Before joining Transamerica in 2004, he was a vice president at Goldman Sachs. During his 10 years there, he worked in investment banking as well as investment management. Ericksen received his bachelor’s degree from Carnegie Mellon University, with majors in industrial management, economics, and political science.
Daniel J. Prislin, CFA
-
Portfolio Manager, Analyst — Jackson Square Partners, LLC
-
Start date on the Fund:
April 2005
-
Years of industry experience:
26
-
Read bio
Daniel J. Prislin
Portfolio Manager, Analyst — Jackson Square Partners, LLC
Daniel J. Prislin became a member of Jackson Square Partners (JSP), at its inception in May 2014 as a portfolio manager and equity analyst. Jackson Square Partners manages large-cap growth, smid-cap growth, all-cap growth, and global growth portfolios. Prior to joining JSP, he was a portfolio manager and equity analyst on the Focus Growth Equity team at Delaware Investments (which became known as Macquarie Investment Management on April 3, 2017) from April 2005 to April 2014. Prior to joining Delaware Investments, he was a principal and portfolio manager at Transamerica Investment Management, where he also managed sub-advised funds and institutional separate accounts. Prior to joining Transamerica in 1998, he was a portfolio manager with The Franklin Templeton Group. Prislin received an MBA and bachelor’s degree in business administration from the University of California at Berkeley.
William (Billy) G. Montana
-
Portfolio Manager, Analyst — Jackson Square Partners, LLC
-
Start date on the Fund:
January 2019
-
Years of industry experience:
11
-
Read bio
William (Billy) G. Montana
Portfolio Manager, Analyst — Jackson Square Partners, LLC
Billy Montana is currently a portfolio manager and research analyst with Jackson Square Partners (JSP), a role he assumed in January 2019. Prior to joining JSP in September 2014 as a research analyst, he was an associate at TPG Capital, a private equity firm, from August 2011 to August 2014, focusing on growth capital opportunities. Before that, Montana spent two years at Goldman Sachs as an investment banking analyst, focusing on financial institutions. He received a bachelor’s degree from Georgetown University.
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 | 0.58% |
Distribution and service (12b-1) fees | none |
Other expenses | 0.29% |
Total annual fund operating expenses | 0.87% |
Fee waivers and expense reimbursements1 | (0.03%) |
Total annual fund operating expenses after fee waivers and expense reimbursements | 0.84% |
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.