DPEGX — Macquarie Emerging Markets Portfolio II
Data updated: 2022-06-23
DPEGX — Macquarie Emerging Markets Portfolio II. Europe Blend / Core Equity · $16.23M AUM · 1.20% expense ratio. Holdings, fees, performance and SEC filings.
DPEGX Fund Overview
DPEGX — Macquarie Emerging Markets Portfolio II 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: $16.23M
- 1-year return: -22.2%
- Ticker: DPEGX
- SEC CIK: 0000875352
- SEC series ID: S000025841
- Share class ID: C000077274
DPEGX Investment Objective and Strategy
Macquarie Emerging Markets Portfolio II describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Delaware Pooled Trust.
Investment objective
Macquarie Emerging Markets Portfolio II seeks long-term capital appreciation.
Principal investment strategy
The Portfolio invests primarily in a broad range of equity securities of companies located in emerging market countries. Emerging market countries include those encompassed in the MSCI Emerging Markets Index and those currently considered to be developing by the World Bank, the United Nations or the countries governments. Benchmark weightings may result in the Portfolio investing over 25% in any one country. These countries typically are located in the Asia-Pacific region, Eastern Europe, the Middle East, Central and South America, and Africa. Under normal market conditions, at least 80% of the Portfolios net assets, plus any borrowings for investment purposes, will be invested in emerging market issuers (80% policy). The Portfolios 80% policy can be changed without shareholder approval. However, shareholders would be given at least 60 days notice prior to any such change.
The Portfolio may invest in companies of any size and may invest 25% of its assets in the securities of issuers located in the same country. Although the Portfolio invests primarily in companies from countries considered to be emerging, the Portfolio will also invest in companies that are not in emerging countries: (1) if the portfolio manager believes that the performance of a company or its industry will be influenced by opportunities in the emerging markets; (2) to maintain exposure to industry segments where the portfolio manager believes there are not satisfactory investment opportunities in emerging countries; and (3) if the portfolio manager believes there is the potential for significant benefit to the Portfolio. The Manager believes that although market price and intrinsic business value are positively correlated in the long run, short-term divergences can emerge.
The Portfolio seeks to take advantage of these divergences through a fundamental, bottom-up approach. The Portfolio invests in securities of companies with sustainable franchises when they are trading at a discount to the Managers intrinsic value estimate for that security. The Manager defines sustainable franchises as those companies with potential to earn excess returns above their cost of capital over the long run. Sustainability analysis involves identification of a companys source of competitive advantage and the ability of its management to maximize its return potential. The Manager prefers companies with large market opportunities in which to deploy capital, providing opportunities to grow faster than the overall economy. Intrinsic value assessment is quantitatively determined through a variety of valuation methods including discounted cash flow, replacement cost, private market transaction, and multiples analysis.
DPEGX Performance
Total returns for DPEGX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -22.2% |
| 3 years (annualised) | 7.9% |
DPEGX Risk Information
Risk metrics for DPEGX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.7%
DPEGX Costs and Fees
DPEGX costs about $120 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.20%
- Gross expense ratio: 1.45%
- Portfolio turnover: 12%
- Brokerage commissions: 20.66 bps of average net assets (SEC N-CEN)
DPEGX Cashflows
Over the 12 months to 2022-04, Macquarie Emerging Markets Portfolio II had net inflows of $22.34M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-04 | $2.14M |
| 2022-03 | $75.00K |
| 2022-02 | $0 |
| 2022-01 | $50.00K |
| 2021-12 | $19.08M |
| 2021-11 | $0 |
DPEGX Debt Constituents
No individual debt constituents are reported in Macquarie Emerging Markets Portfolio II's latest SEC N-PORT filing.
DPEGX Prospectus and SEC Filings
Official Macquarie Emerging Markets Portfolio II filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-25
- Prospectus (485BPOS) — filed 2020-03-16
- Prospectus supplement (497) — filed 2022-03-04
- Portfolio holdings (N-PORT) — filed 2022-06-23
- Portfolio holdings (N-PORT) — filed 2022-03-29
- Portfolio holdings (N-PORT) — filed 2021-12-22
- Annual census (N-CEN) — filed 2022-01-14
- Annual census (N-CEN) — filed 2021-01-08
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.