Key features
Stocks are selected by an experienced team of sector specialists focused on value investing
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
Daily pricing
as of
10/11/2024
NAV 1-day net change
0.72
Total net assets
as of
09/30/2024
All share classes
$1.8 billion
Overview
Series identifiers |
CUSIP |
246493670 |
Benchmark
Portfolio
Market cap (median) Source: FactSet
$5.1 billion
Market cap (weighted average) Source: FactSet
$5.8 billion
Portfolio turnover (last fiscal year)
29%
International equities & depositary receipts
2.5%
Cash, cash equivalents and other assets
1.8%
Top 10 holdings
as of 09/30/2024
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.
HANCOCK WHITNEY CORP
1.73
EAST WEST BANCORP INC.
1.71
STIFEL FINANCIAL CORP
1.65
WEBSTER FINANCIAL CORPORATION
1.65
AXIS CAPITAL HOLDINGS LTD
1.62
COLUMBIA BANKING SYSTEM INC.
1.56
Total % Portfolio in Top 10 holdings - 16.63%
Sector allocation
as of 09/30/2024
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
12.0%
Management
Kelley Carabasi, CFA
-
Managing Director, Co-Head of US Small-Mid Cap Value
-
Read bio
Kelley Carabasi
Managing Director, Co-Head of US Small-Mid Cap Value
- Joined Delaware Investments in 2005, acquired by Macquarie in 2010
- Based in Philadelphia
Kelley is Co-Head of US Small-Mid Cap Value, a role she assumed in January 2022. Kelley assumed portfolio management responsibilities in July 2012. She joined Delaware Investments in July 2005 as an Equity Analyst.
Prior to joining Delaware Investments, Kelley participated in Lincoln Financial Group’s rotational Professional Development Program, where she began her investment career in 2002.
Kelley earned a Bachelor of Science in finance from Georgetown University and a Master of Business Administration from The Wharton School of the University of Pennsylvania. Kelley holds the Chartered Financial Analyst® designation, and he is a member of the CFA Institute and the CFA Society of Philadelphia.
Kent Madden, CFA
-
Managing Director, Co-Head of US Small-Mid Cap Value
-
Start date on the Fund:
July 2012
-
Years of industry experience:
28
-
Read bio
Kent Madden
Managing Director, Co-Head of US Small-Mid Cap Value
- Joined Delaware Investments in 2004, acquired by Macquarie in 2010
- Based in Philadelphia
Kent is Co-Head of US Small-Mid Cap Value, a role he assumed in January 2022. He assumed portfolio management responsibilities in July 2012. He joined Delaware Investments in December 2004 as an Equity Analyst and was promoted to Senior Equity Analyst in October 2010.
Prior to joining Delaware Investments, Kent was an Equity Analyst at Gartmore Global Investments. Kent worked at Federated Investors as an Equity Analyst, and he was a Corporate Finance Analyst at Lehman Brothers.
Kent earned a Bachelor of Arts in economics from DePauw University and a Master of Business Administration from the University of Chicago. He holds the Chartered Financial Analyst® designation.
Michael Foley, CFA
-
Managing Director, Senior Portfolio Manager – US Small-Mid Cap Value Equity
-
Start date on the Fund:
July 2019
-
Years of industry experience:
15
-
Read bio
Michael Foley
Managing Director, Senior Portfolio Manager – US Small-Mid Cap Value Equity
- Joined Macquarie in 2015
- Based in Philadelphia
Mike is a Senior Portfolio Manager for Macquarie Asset Management’s (MAM’s) US Small-Mid Cap Value Equity Team. He assumed portfolio management responsibilities in July 2019. He joined the investment team in February 2015 as a Senior Equity Analyst.
Prior to joining the firm, Mike was an Associate at Patriot Financial Partners, a private equity firm, where he focused on the analysis of companies in the financial services sector. He started his career with Janney Montgomery Scott as an Investment Banking Analyst within the financial institutions group in 2009.
Mike is on the board of directors of the McNamee Scholars Program.
Mike earned a Bachelor of Science in finance and accounting from The Wharton School of the University of Pennsylvania, he holds the Chartered Financial Analyst® designation, and he is a member of the CFA Institute and the CFA Society of Philadelphia.
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 portfolio 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.
Resources
Shareholder report – Annual
Shareholder report – Semi-annual