DSGEX — Delaware Small Cap Growth Fund
Data updated: 2024-06-11
DSGEX — Delaware Small Cap Growth Fund. United States Small Cap Growth Equity · $110.57M AUM. Holdings, fees, performance and SEC filings.
DSGEX Fund Overview
DSGEX — Delaware Small Cap Growth Fund is a US mutual fund managed by Delaware Group Equity Funds IV, categorised as United States Small Cap 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 Small Cap Growth Equity
- Assets under management: $110.57M
- 1-year return: 22.7%
- Ticker: DSGEX
- SEC CIK: 0000778108
- SEC series ID: S000054164
- Share class ID: C000170219
DSGEX Investment Objective and Strategy
Delaware Small Cap Growth 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 Small Cap Growth Fund seeks long-term capital appreciation.
Principal investment strategy
The Fund invests primarily in common stocks of growth-oriented companies that its investment manager, Delaware Management Company (Manager), believes have long-term capital appreciation potential and expect to grow faster than the US economy. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of small-capitalization companies (80% policy). The Fund may invest in both domestic and foreign small-capitalization companies. For purposes of this Fund, small-market capitalization companies are those companies whose market capitalization is similar to the market capitalization of companies in the Russell 2000 Growth Index. The Index is used for purposes of determining range and not for targeting portfolio management.
As of June 30, 2018, the Russell 2000 Growth Index had a market capitalization range between $51 million and $6.7 billion. The market capitalization range for the Russell 2000 Growth Index will change on a periodic basis. A company?s market capitalization is determined based on its current market capitalization. Frank Russell Company (?Russell?) is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. Russell is a trademark of the Frank Russell Company. Using a top-down thematic overlay combined with bottom-up, fundamental research, the Manager seeks to identify early stage major demand trends and invest in securities of competitively advantaged companies that it believes should benefit from these trends. The Manager focuses on earnings growth as it believes earnings growth drives stock prices and the companies with the strongest gains in profitability have the potential to enjoy share performance that exceeds the broad market averages, provided that the earnings are of high quality and likely to continue.
Under normal circumstances, the Fund generally holds 30 to 40 stocks, although from time to time the Fund may hold more or fewer names depending on the Manager?s assessment of the investment opportunities available. The Manager may use futures and options to seek to protect unrealized gains in the Fund?s portfolio when the Manager anticipates adverse conditions; to neutralize the effect of any price declines, without selling a security; and to gain exposure to a particular market segment without purchasing individual securities in that segment. The Fund?s 80% policy is nonfundamental and may be changed without shareholder approval. Fund shareholders would be given at least 60 days? notice prior to any such change.
DSGEX Holdings
Top 10 holdings of Delaware Small Cap Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| CyberArk Software Ltd | 3.99% |
| Parsons Corp | 2.48% |
| Vericel Corp | 2.39% |
| Federal Signal Corp | 2.36% |
| Progyny Inc | 2.31% |
| Sprout Social Inc | 2.31% |
| Red Rock Resorts Inc | 2.24% |
| Wingstop Inc | 2.15% |
| ATI Inc | 2.11% |
| CBIZ Inc | 2.07% |
DSGEX Portfolio Allocation
Asset-class allocation of Delaware Small Cap Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.6% |
| Cash & Equivalents | 1.5% |
DSGEX Performance
Total returns for DSGEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 22.7% |
| 3 years (annualised) | -11.4% |
DSGEX Risk Information
Risk metrics for DSGEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 22.4%
DSGEX Costs and Fees
DSGEX costs about $189 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.89%
- Gross expense ratio: 2.12%
- Portfolio turnover: 122%
- Brokerage commissions: 8.58 bps of average net assets (SEC N-CEN)
DSGEX Cashflows
Over the 12 months to 2024-03, Delaware Small Cap Growth Fund had net inflows of $91.44M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | −$643.55K |
| 2024-02 | −$6.29M |
| 2024-01 | −$10.54M |
| 2023-12 | $39.25M |
| 2023-11 | $11.19M |
| 2023-10 | $8.37M |
DSGEX Debt Constituents
No individual debt constituents are reported in Delaware Small Cap Growth Fund's latest SEC N-PORT filing.
DSGEX Prospectus and SEC Filings
Official Delaware Small Cap Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-07-28
- Prospectus (485BPOS) — filed 2022-07-29
- Prospectus (485BPOS) — filed 2021-07-28
- Portfolio holdings (N-PORT) — filed 2024-05-28
- Portfolio holdings (N-PORT) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2023-11-21
- Annual census (N-CEN) — filed 2024-06-11
- Annual census (N-CEN) — filed 2023-06-14
Related Funds
Other United States Small Cap 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.