Key features
Daily pricing
as of
10/29/2024
NAV 1-day net change
-0.04
Total net assets
as of
09/30/2024
All share classes
$82.5 million
Overview
Fund identifiers |
NASDAQ |
IMAIX |
CUSIP |
46600B821 |
Benchmark and peer group
Portfolio
Market cap (median) Source: FactSet
$13.8 billion
Market cap (weighted average) Source: FactSet
$69.4 billion
Portfolio turnover (last fiscal year)
51%
Beta (relative to
50% MSCI ACWI NR / 50% ICE BofA US High Yield TR)
(view definition)
0.92
Top 10 holdings as of 09/30/2024
Holdings are as of the date indicated and subject to change.
List excludes cash and cash equivalents.
VANGUARD HIGH DIVIDEND YIELD INDEX
4.74
VANGUARD INTERNATL HIGH DIV YIELD
3.18
NEW COTAI TL EXIT PIK 5.000 2/2/2027
1.26
KONINKLIJKE AHOLD DELHAIZE NV
0.94
Total % Fund in Top 10 holdings - 15.52%
Distribution history - annual distributions (Class I)1,2
Distributions ($
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 (a Delaware statutory trust)
Aaron Young
-
Managing Director, Senior Portfolio Manager – Global Multi-Asset
-
Start date on the Fund:
November 2021
-
Years of industry experience:
20
-
Read bio
Aaron Young
Managing Director, Senior Portfolio Manager – Global Multi-Asset
- Joined Ivy Investments in 2005, acquired by Macquarie in 2021
- Based in Kansas City
Aaron is a Senior Portfolio Manager for the Global Multi-Asset Team at Macquarie Asset Management (MAM). He focuses on asset allocation, portfolio construction, and risk analysis. The team, led by Stefan Löwenthal, has engineered multi-asset solutions for more than 25 years. With its highly differentiated investment process, the team serves clients around the globe. Aaron also contributes to the team’s fundamental research process.
He serves on the firm’s Optimum Sub-Advisory Oversight Committee of the Optimum Fund Trust.
Prior to Macquarie's acquisition of Ivy Investments, Aaron worked in a variety of roles at Ivy Investments, most recently as both a Multi-Asset Portfolio Manager and member of the Equity Risk and Quantitative Research Team.
He earned his Bachelor of Arts in philosophy with Honors from the University of Missouri and a Master of Business Administration with an emphasis in finance and strategy from the Olin School of Business at Washington University.
Sub-advisor
Macquarie Investment Management Austria Kapitalanlage AG (MIMAK) serves as sub-advisor for the Fund.
Stefan Löwenthal, CFA
-
Managing Director, Head of Global Multi-Asset
-
Start date on the Fund:
November 2021
-
Years of industry experience:
16
-
Read bio
Stefan Löwenthal
Managing Director, Head of Global Multi-Asset
- Joined Macquarie in 2008
- Based in Vienna
Stefan is Head of Global Multi-Asset at Macquarie Asset Management (MAM). The team has engineered multi-asset solutions for more than 25 years. With its highly differentiated investment process, the team serves clients around the globe. He leads the team responsible for asset allocation and portfolio construction; the management of multi-asset funds, model portfolios, and institutional accounts; and the development of new multi-asset investment strategies. He oversees all research, portfolio management, and thought leadership activities of the team.
Stefan joined Macquarie in February 2008 as a Portfolio Manager on the Global Multi-Asset Team. He was appointed Chief Investment Officer for the team in 2013.
He chairs the MAM Investment Policy Committee and is a member of the MAM Environmental, Social, and Governance (ESG) Working Group, the MAM Professional Series Multi Manager Committee, and the MAM Private Infrastructure Fund Governance Committee.
He is a frequent speaker at industry events and universities. Stefan received a Master of Management Science from the Vienna University of Economics and Business. He holds the Chartered Financial Analyst® designation and is a member of the CFA Society Austria.
Jürgen Wurzer
-
Managing Director, Deputy Head of Global Multi-Asset
-
Start date on the Fund:
November 2021
-
Years of industry experience:
17
-
Read bio
Jürgen Wurzer
Managing Director, Deputy Head of Global Multi-Asset
- Re-joined Macquarie in 2018
- Based in Vienna
Jürgen is Deputy Head of Global Multi-Asset at Macquarie Asset Management (MAM), a role he assumed in April 2018. The team, led by Stefan Löwenthal, has engineered multi-asset solutions for more than 25 years. With its highly differentiated investment process, the team serves clients around the globe. Jürgen is responsible for designing and managing multi-asset strategies, overseeing quantitative research and modelling, and analysing global equity markets.
He initially joined Macquarie in 2007, focusing on multi-asset solutions. He worked for Erste Asset Management between 2016 and 2018, prior to re-joining Macquarie in 2018.
In addition to his role at Macquarie, Jürgen serves as a lecturer for asset allocation, quantitative finance, and portfolio and risk management at several educational institutions.
Jürgen received a Master of Arts from the University of Applied Sciences Wiener Neustadt. He holds the Chartered Financial Analyst® designation, the CFA Institute Certificate in ESG Investing and is a member of the CFA Society Austria.
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
qualify 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 |
0.70% |
Distribution and service (12b-1) fees |
none |
Other expenses |
0.28% |
Total annual fund operating expenses |
0.98% |
Fee waivers and expense reimbursements1 |
(0.23%) |
Total annual fund operating expenses after fee waivers and expense reimbursements |
0.75% |
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 29, 2024 through January 28, 2025. Please see the fee table in the
Fund's prospectus for more information.
Class I shares are available only to certain investors. See the prospectus
for more information.
Resources
Fact sheet and commentaries
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Thank you for visiting the Delaware Funds by Macquarie website.
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.