Key features
Stocks are selected by a highly experienced, value-focused investment team of five sector specialists, averaging over 20 years of industry experience
Focus on a company's ability to effectively deploy and generate sustainable free cash flow
A disciplined investment process with a focus on risk mitigation that has been consistently applied for over 20 years
Daily pricing
as of
05/26/2023
NAV 1-day net change
0.33
Total net assets
as of
04/30/2023
All share classes
$1.5 billion
Overview
Series identifiers |
CUSIP |
246493670 |
Benchmark
Portfolio
Market cap (median) Source: FactSet
$3.8 billion
Market cap (weighted average) Source: FactSet
$4.5 billion
Portfolio turnover (last fiscal year)
23%
Cash, cash equivalents and other assets
2.5%
International equities & depositary receipts
1.3%
Top 10 holdings
as of 04/30/2023
Holdings are as of the date indicated and subject to change.
List may exclude cash and cash equivalents. Please see the Series' complete list of holdings for more information.
Holdings based by issuer.
STIFEL FINANCIAL CORP
1.84
WEBSTER FINANCIAL CORPORATION
1.78
HANCOCK WHITNEY CORP
1.78
VALLEY NATIONAL BANCORP
1.53
BERRY GLOBAL GROUP INC
1.35
Total % Portfolio in Top 10 holdings - 16.88%
Sector allocation
as of 04/30/2023
List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Series’ complete list of holdings for more information.
Consumer discretionary
12.8%
Management
Kelley M. Carabasi, CFA
-
Co-Chief Investment Officer — US Small-Mid Cap Value Equity
-
Start date on the Fund:
July 2012
-
Years of industry experience:
19
-
Read bio
Kelley M. Carabasi
Co-Chief Investment Officer — US Small-Mid Cap Value Equity
Kelley M. Carabasi is a Co-Chief Investment Officer of the firm’s US Small-Mid Cap Value Equity team, a role she assumed in January 2022. She assumed portfolio management responsibilities in July 2012. She joined the team in July 2005 as an equity analyst. Prior to joining Macquarie Asset Management (MAM) she participated in Lincoln Financial Group’s rotational Professional Development Program for three years. Carabasi earned a bachelor's degree in finance from Georgetown University and an MBA from The Wharton School of the University of Pennsylvania.
Kent P. Madden, CFA
-
Co-Chief Investment Officer — US Small-Mid Cap Value Equity
-
Start date on the Fund:
July 2012
-
Years of industry experience:
26
-
Read bio
Kent P. Madden
Co-Chief Investment Officer — US Small-Mid Cap Value Equity
Kent P. Madden is a Co-Chief Investment Office of the firm’s US Small-Mid Cap Value Equity team, a role he assumed in January 2022. He assumed portfolio management responsibilities in July 2012. He joined the team in December 2004 as an equity analyst and was promoted to senior equity analyst in October 2010. Prior to joining Macquarie Asset Management (MAM), he was an equity analyst at Gartmore Global Investments. He has also worked as an equity analyst for Federated Investors, where he gained experience covering small-capitalization consumer stocks, and Lehman Brothers as a corporate finance analyst. Madden holds a bachelor’s degree in economics from DePauw University and an MBA from the University of Chicago.
Steven G. Catricks, CFA
-
Senior Portfolio Manager
-
Start date on the Fund:
July 2012
-
Years of industry experience:
24
-
Read bio
Steven G. Catricks
Senior Portfolio Manager
Steven G. Catricks is a Senior Portfolio Manager for the US Small-Mid Cap Value Equity team. He assumed portfolio management responsibilities in July 2012. He joined the team in October 2010 as a senior equity analyst. Prior to joining the US Small-Mid Cap Value Equity team, he was a portfolio manager for the firm’s Strategic Small-Cap Value team. He joined Macquarie Asset Management (MAM) in 2001 as an equity analyst for the firm’s Emerging Growth Equity team. Previously, Catricks was an equity analyst at BlackRock Financial from 1999 to 2001. He also worked at Dow Jones/Factiva and GE Aerospace/Lockheed Martin. He started his career as a systems engineer at the Naval Air Development Center, where he spent 15 years. Catricks holds a bachelor’s degree in electrical engineering from Drexel University and a master’s degree in engineering from the University of Pennsylvania. Catricks is a member of the Institute of Electrical and Electronics Engineers.
Michael Foley, CFA
-
Senior Portfolio Manager
-
Start date on the Fund:
July 2019
-
Years of industry experience:
13
-
Read bio
Michael Foley
Senior Portfolio Manager
Michael Foley is a Senior Portfolio Manager for the US Small-Mid Cap Value Equity team. He assumed portfolio management responsibilities in July 2019. He joined Macquarie Asset Management (MAM) in February 2015 as a senior equity analyst for the US Small-Mid Cap Value Equity team. Prior to joining the firm, Foley was an associate at Patriot Financial Partners, a private equity firm, from August 2011 to February 2015, focusing on the analysis of companies in the financial services sector. He started his career with Janney Montgomery Scott where he worked as an investment banking analyst within the financial institutions group from August 2009 to August 2011. Foley earned a bachelor’s degree in economics with dual concentrations in finance and accounting from The Wharton School of the University of Pennsylvania. Foley is on the board of directors of the McNamee Scholars Program.
Fees
The following table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Series. The fee table does not reflect any fees or sales charges imposed by variable insurance contracts. If it did, the expenses would be higher.
Annual series operating expenses |
Management fees |
0.70% |
Distribution and service (12b-1) fees |
none |
Other expenses |
0.08% |
Total annual Series operating expenses |
0.78% |
Fee waivers and expense reimbursements |
none |
Total annual series operating expenses after fee waivers and expense reimbursements |
0.78% |
Please see the prospectus and SAI for additional information.