Delaware Growth Equity Fund
Data updated: 2022-08-26
C000212965 — Delaware Growth Equity Fund. United States Growth Equity · $357.42M AUM · 0.76% expense ratio. Holdings, fees, performance and SEC filings.
C000212965 Fund Overview
Delaware Growth Equity Fund is a US mutual fund managed by Delaware Group Equity Funds IV, categorised as United States Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Delaware Group Equity Funds IV
- Category: United States Growth Equity
- Assets under management: $357.42M
- 1-year return: -17.8%
- SEC CIK: 0000778108
- SEC series ID: S000065928
- Share class ID: C000212965
C000212965 Investment Objective and Strategy
Delaware Growth Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Delaware Group Equity Funds IV.
Investment objective
Delaware Growth Equity Fund seeks long-term growth of capital.
Principal investment strategy
The Fund invests in a portfolio of approximately 35-45 common stocks that the Funds sub-advisor, Smith Group Asset Management, LLC (Smith), believes offers the best potential for earnings growth with the lowest risk of negative earnings surprises. Smith employs quantitative and qualitative analysis to identify high quality companies that it believes have the ability to accelerate earnings growth and exceed investor expectations. Beginning with a universe of stocks that includes large-, mid- and small-size companies, Smiths investment team uses risk control and valuation screens primarily based on valuation, financial and earnings quality factors. The Fund will generally invest primarily in US companies. Stocks that pass the initial screens are then evaluated using a proprietary methodology and fundamental analysis to produce a list of 80-100 eligible companies that Smith believes have a high probability of earnings growth that exceeds investor expectations.
The analysis includes an evaluation of changes in earnings expectations for the company and evaluation of earnings quality. Smith then constructs the Funds portfolio based on a traditional fundamental analysis of the companies identified on the list to understand their business prospects, earnings potential, strength of management and competitive positioning. Stocks may be sold if they exhibit negative investment or performance characteristics, including: a negative earnings forecast or report, valuation concerns, deterioration of financial and earnings quality or announcement of a buyout. Additionally, from time to time, in pursuing its investment strategies, the Fund may hold significant investments (25% or more of its assets) in a specific market sector, including the information technology sector.
C000212965 Performance
Total returns for C000212965 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -17.8% |
| 3 years (annualised) | 14.0% |
C000212965 Risk Information
Risk metrics for C000212965, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.0%
C000212965 Costs and Fees
C000212965 costs about $76 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.76%
- Gross expense ratio: 0.76%
- Portfolio turnover: 31%
- Brokerage commissions: 2.20 bps of average net assets (SEC N-CEN)
C000212965 Cashflows
Over the 12 months to 2022-06, Delaware Growth Equity Fund had net inflows of $502.90M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-06 | $15.25M |
| 2022-05 | $32.94M |
| 2022-04 | $14.94M |
| 2022-03 | $13.36M |
| 2022-02 | $13.73M |
| 2022-01 | $25.04M |
C000212965 Debt Constituents
No individual debt constituents are reported in Delaware Growth Equity Fund's latest SEC N-PORT filing.
C000212965 Prospectus and SEC Filings
Official Delaware Growth Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-01-27
- Prospectus (485BPOS) — filed 2021-01-28
- Prospectus supplement (497) — filed 2020-02-18
- Portfolio holdings (N-PORT) — filed 2022-08-26
- Portfolio holdings (N-PORT) — filed 2022-05-19
- Portfolio holdings (N-PORT) — filed 2022-02-28
- Annual census (N-CEN) — filed 2021-12-09
- Annual census (N-CEN) — filed 2020-12-03
Related Funds
Other United States Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.