DCPFX — Macquarie Core Plus Bond Portfolio
Data updated: 2021-06-23
DCPFX — Macquarie Core Plus Bond Portfolio. Europe Blend / Core Equity · $157.42M AUM · 0.45% expense ratio. Holdings, fees, performance and SEC filings.
DCPFX Fund Overview
DCPFX — Macquarie Core Plus Bond Portfolio is a US mutual fund managed by Delaware Pooled Trust, categorised as Europe Blend / Core 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 Pooled Trust
- Category: Europe Blend / Core Equity
- Assets under management: $157.42M
- 1-year return: 7.0%
- Ticker: DCPFX
- SEC CIK: 0000875352
- SEC series ID: S000003939
- Share class ID: C000011048
DCPFX Investment Objective and Strategy
Macquarie Core Plus Bond Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Delaware Pooled Trust.
Investment objective
Macquarie Core Plus Bond Portfolio seeks maximum long-term total return, consistent with reasonable risk.
Principal investment strategy
The Portfolio allocates its investments principally among the following three sectors of the fixed income securities markets: the US investment grade sector, the US high yield sector, and the international sector. Under normal circumstances, the Portfolio will invest at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities (80% Policy). The Portfolios 80% Policy may be changed without shareholder approval. However, shareholders will be given notice at least 60 days prior to any such change. The Manager will determine how much of the Portfolio to allocate to each of the three sectors, based on its evaluation of economic and market conditions and its assessment of the returns and potential for appreciation that can be achieved from investments in each of the three sectors.
The Manager will periodically reallocate the Portfolios assets, as deemed necessary. The relative proportion of the Portfolios assets to be allocated among sectors is described below. ? US investment grade sector Under normal circumstances, between 50% and 100% of the Portfolios total assets will be invested in the US investment grade sector. In managing the Portfolios assets allocated to the US investment grade sector, the Manager will invest principally in debt obligations issued or guaranteed by the US government, its agencies, or instrumentalities, and by US corporations. The corporate debt obligations in which the Portfolio may invest include bonds, notes, debentures, and commercial paper of US companies. The US government securities in which the Portfolio may invest include a variety of securities that are issued or guaranteed as to the payment of principal and interest by the US government, and by various agencies or instrumentalities that have been established or sponsored by the US government.
The US investment grade sector of the Portfolios assets may also be invested in mortgage-backed securities (MBS) issued or guaranteed by the US government, its agencies, or instrumentalities or by government-sponsored corporations. Other MBS in which the Portfolio may invest are issued by certain private, nongovernment entities. Subject to the quality limitations, the Portfolio may also invest in securities that are backed by assets such as receivables on home equity and credit card loans, automobile, mobile home, recreational vehicle, and other loans, wholesale dealer floor plans, and leases. Securities purchased by the Portfolio within this sector will be rated in one of the four highest rating categories or will be unrated securities that the Manager determines are of comparable quality.
? US high yield sector Under normal circumstances, up to 30% of the Portfolios total assets will be allocated to the high yield sector. The Manager will invest the Portfolios assets that are allocated to the high yield sector primarily in those securities having a liberal and consistent yield and those tending to reduce the risk of market fluctuations. The Portfolio may invest in corporate debt obligations, including, notes, which may be convertible or nonconvertible, commercial paper, units consisting of bonds with stock or warrants to buy stock attached, debentures, convertible debentures, zero-coupon bonds, and PIK securities. The Portfolio will invest in both rated and unrated bonds. The rated bonds that the Portfolio may purchase in this sector will generally be rated lower than BBB- by S&P, Baa3 by Moodys, or similarly rated by another NRSRO.
? International sector The Portfolio may invest up to 30% of its total assets in the international sector. The international sector invests primarily in fixed income securities of issuers organized or having a majority of their assets or deriving a majority of their operating income in foreign countries. These fixed income securities include foreign government securities, debt obligations of foreign companies, and securities issued by supranational entities. A supranational entity is an entity established or financially supported by the national governments of one or more countries to promote reconstruction or development. Examples of supranational entities include, among others, the International Bank for Reconstruction and Development (more commonly known as the World Bank), the European Economic Community, the European Investment Bank, the Inter-American Development Bank, and the Asian Development Bank.
The Portfolio may invest in securities issued in any currency and may hold foreign currencies. Securities of issuers within a given country may be denominated in the currency of another country or in multinational currency units, such as the euro. The Portfolio may, from time to time, purchase or sell foreign currencies and/or engage in forward foreign currency transactions in order to expedite settlement of Portfolio transactions and to minimize currency value fluctuations. Currency considerations carry a special risk for the Portfolio to the extent that it allocates a significant portion of its assets to foreign securities. The Portfolio will invest in both rated and unrated foreign securities. It may purchase securities of issuers in any foreign country, developed and underdeveloped. These investments may include direct obligations of issuers located in emerging markets countries.
The Portfolios total non-US dollar currency exposure will be limited, in aggregate, to no more than 10% of net assets, and the Portfolios investments in emerging markets securities will be limited to no more than 15% of the Portfolios net assets. The Portfolio may hold a substantial portion of its assets in cash or short-term fixed income obligations in unusual market conditions to meet redemption requests, for temporary defensive purposes, and pending investment. The Portfolio may also use a wide range of derivatives instruments, typically including options, futures contracts, options on futures contracts, and swaps. The Portfolio will use derivatives for both hedging and nonhedging purposes. For example, the Portfolio may invest in: futures and options to manage duration and for defensive purposes, such as to protect gains or hedge against potential losses in the portfolio without actually selling a security, or to stay fully invested; forward foreign currency contracts to manage foreign currency exposure; interest rate swaps to neutralize the impact of interest rate changes; credit default swaps to hedge against a credit event, to gain exposure to certain securities or markets, or to enhance total return; and index swaps to enhance return or to effect diversification.
The Portfolio will not use derivatives for reasons inconsistent with its investment objective.
DCPFX Performance
Total returns for DCPFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 7.0% |
DCPFX Risk Information
Risk metrics for DCPFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.5%
DCPFX Costs and Fees
DCPFX costs about $45 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.45%
- Gross expense ratio: 0.62%
- Portfolio turnover: 108%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
DCPFX Cashflows
Over the 12 months to 2021-04, Macquarie Core Plus Bond Portfolio had net inflows of $20.98M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-04 | $0 |
| 2021-03 | $0 |
| 2021-02 | $6.20M |
| 2021-01 | $0 |
| 2020-12 | $9.48M |
| 2020-11 | $0 |
DCPFX Debt Constituents
No individual debt constituents are reported in Macquarie Core Plus Bond Portfolio's latest SEC N-PORT filing.
DCPFX Prospectus and SEC Filings
Official Macquarie Core Plus Bond Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-25
- Prospectus (485BPOS) — filed 2020-03-16
- Prospectus (485BPOS) — filed 2019-03-15
- Portfolio holdings (N-PORT) — filed 2021-06-23
- Portfolio holdings (N-PORT) — filed 2021-03-29
- Portfolio holdings (N-PORT) — filed 2020-12-22
- Annual census (N-CEN) — filed 2021-01-08
- Annual census (N-CEN) — filed 2020-01-07
Related Funds
Other Europe Blend / Core 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.