Delaware Investments has it origins in an investment advisory firm established in 1929. The company launched its first mutual fund in 1938 and its institutional business is more than 30 years old. It manages more than $130 billion in assets and offers a wide range of products and services to its customers. These offerings range from asset management services and retirement plans for leading companies to mutual funds and insurance products for individuals.
Below we will share with you 5 top rated Delaware funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all Delaware funds, then click here.
Delaware US Growth A (DUGAX) invests heavily in common stocks of companies with the potential to deliver long term capital growth. The majority of its assets are invested in U.S. securities. It may also use up to 20% of its assets to purchase debt securities and bonds. The fund returned 55.48% over the last one year period.
The fund has an expense ratio of 1.00% compared to a category average of 1.33%.
Delaware Corporate Bond A (DGCAX) seeks total return. At least 80% of its assets are used to purchase investment grade corporate bonds. It may invest in convertible securities, warrants, common and preferred stock. Up to 20% of its assets may be used to purchase high yield corporate bonds. It may also invest in money market instruments. The fund returned 33.99% in the last one year and has a three year annualized return of 6.77%.
Thomas H. Chow is the fund manager and he has managed this Delaware fund since 2007.
Delaware International Value Equity A (DEGIX) invests the majority of its assets in equity securities. At least 65% of its assets are used to purchase foreign equity securities. It may invest a majority of its assets in securities issued from the same country. In the last one year, the fund was up 56.83%.
The fund has an expense ratio of 1.52% compared to a category average of 1.43%.
Delaware Small Cap Value A (DEVLX) seeks capital growth. It invests heavily in small companies whose stock prices are undervalued compared to their long-term potential. At least 80% of its assets are invested in small companies. The fund has a ten year annualized return of 9.54%.
As of January 2010, this fund held 99 issues, with 2.59% of its total assets invested in Aetna Inc.
Delaware Small Cap Growth A (DSCAX) invests in companies expected to grow faster than the domestic economy. Companies are also selected on the basis of their potential for long term capital growth. The fund invests in companies of all sizes. The fund returned 76.97% over the last one year period
The Fund Manager is Christopher M. Ericksen and he has managed this fund since 2007.
To view the Zacks Rank and past performance of all Delaware funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
