Investment objective & strategy
As of Jan. 27, 2023 · prospectusObjective. Delaware Equity Income Fund seeks total return.
Strategy. The Fund invests, under normal circumstances, primarily in companies that the Fund believes are attractive in the market based on their view of long term potential. Under normal circumstances, the Fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equities (80% policy). For purposes of this 80% policy, equities may include common stock, preferred stock, equity-based exchange-traded funds (ETFs) and instruments that are convertible into common stock, or other instruments that represent an equity position in an issuer. The Fund seeks to generate income by investing primarily in dividend paying companies. The Fund may also own convertible securities. Convertible securities are usually preferred stocks or corporate bonds that can be exchanged for … The Fund invests, under normal circumstances, primarily in companies that the Fund believes are attractive in the market based on their view of long term potential. Under normal circumstances, the Fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equities (80% policy). For purposes of this 80% policy, equities may include common stock, preferred stock, equity-based exchange-traded funds (ETFs) and instruments that are convertible into common stock, or other instruments that represent an equity position in an issuer. The Fund seeks to generate income by investing primarily in dividend paying companies. The Fund may also own convertible securities. Convertible securities are usually preferred stocks or corporate bonds that can be exchanged for a set number of shares of common stock at a predetermined price. These securities offer higher appreciation potential than nonconvertible bonds and greater income potential than nonconvertible preferred stocks. The Fund may also invest in real estate investment trusts (REITs) and income-generating equity securities. REITs are pooled investment vehicles that invest primarily in income-producing real estate or real estate-related loans or interests. Macquarie Investment Management Global Limited (MIMGL), an affiliate of the Fund's investment manager, Delaware Management Company (Manager), serves as the Funds sub-advisor and manages the Funds assets. Using a systematic bottom-up approach, the Fund seeks to select securities that have above-average yields coupled with a demonstrated business quality, as seen through superior profitability, balance sheet strength, earnings stability and corporate sustainability. Stocks also need to have reasonable company valuations relative to their current growth prospects, and their peer group. All of these factors give insight into the outlook for a company, and identify companies poised for sustainable growth. Sustainable growth, if it occurs, may result in price appreciation for the companys stock.
Top holdings
As of Dec. 30, 2022 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| EXXON MOBIL CORP | — | $16.90M | 6.16% |
| MERCK & CO | — | $12.21M | 4.45% |
| BRISTOL-MYERS SQUIBB CO | — | $10.84M | 3.95% |
| GILEAD SCIENCES INC | — | $10.51M | 3.83% |
| TJX COS INC | — | $9.91M | 3.61% |
| CISCO SYSTEMS INC | — | $9.89M | 3.60% |
| THE CIGNA GROUP | — | $9.81M | 3.57% |
| JOHNSON&JOHNSON | — | $9.48M | 3.46% |
| CONOCOPHILLIPS | — | $9.30M | 3.39% |
| PHILIP MORRIS INTL INC | — | $9.10M | 3.32% |
Portfolio moves
Sep 30, 2022 → Dec 30, 2022How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Delaware VIP Equity Income Series | 88% | 0.74% |
| CANTOR FBP EQUITY & DIVIDEND PLUS FUND · FBPEX | 33% | 1.12% |
| CANTOR FBP APPRECIATION & INCOME OPPORTUNITIES FUN · FBPBX | 26% | 1.07% |
Footnotes
- Net assets and holdings count as of December 30, 2022, from the fund's N-PORT filing.
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