DUGAX — Delaware U.S. Growth Fund
Data updated: 2021-03-29
DUGAX — Delaware U.S. Growth Fund. United States Large Cap Growth Equity · $2.71B AUM · 1.09% expense ratio. Holdings, fees, performance and SEC filings.
DUGAX Fund Overview
DUGAX — Delaware U.S. Growth Fund is a US mutual fund managed by Delaware Group Adviser Funds, categorised as United States Large 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 Adviser Funds
- Category: United States Large Cap Growth Equity
- Assets under management: $2.71B
- 1-year return: 35.0%
- Ticker: DUGAX
- SEC CIK: 0000910682
- SEC series ID: S000003912
- Share class ID: C000010961
DUGAX Investment Objective and Strategy
Delaware U.S. Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Delaware Group Adviser Funds.
Investment objective
Delaware U.S. Growth Fund seeks long-term capital appreciation by investing in equity securities of companies we believe have the potential for sustainable free cash flow growth.
Principal investment strategy
Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in US investments (80% policy). The Fund invests primarily in common stocks of companies that its portfolio managers believe have long-term capital appreciation potential and are expected to grow faster than the US economy. Using a bottom-up approach, the portfolio managers seek to select securities they believe have large end-market potential, dominant business models, and strong free cash flow generation that are attractively priced compared to the intrinsic value of the securities. The portfolio managers also consider a company?s operational efficiencies, management?s plans for capital allocation, and the company?s shareholder orientation. All of these factors give the portfolio managers insight into the outlook for a company, helping identify companies poised for sustainable free cash flow growth.
The portfolio managers believe that sustainable free cash flow growth, if it occurs, may result in price appreciation for the company?s stock. The portfolio managers may sell a security if they no longer believe that the security is likely to contribute to meeting the investment objective of the Fund or if there are other opportunities that appear more attractive. 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.
DUGAX Performance
Total returns for DUGAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 35.0% |
DUGAX Risk Information
Risk metrics for DUGAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 27.1%
DUGAX Costs and Fees
DUGAX costs about $109 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.09%
- Gross expense ratio: 1.12%
- Portfolio turnover: 54%
- Brokerage commissions: 4.22 bps of average net assets (SEC N-CEN)
DUGAX Cashflows
Over the 12 months to 2021-01, Delaware U.S. Growth Fund had net inflows of $2.07B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-01 | $79.74M |
| 2020-12 | $384.16M |
| 2020-11 | $169.23M |
| 2020-10 | $98.83M |
| 2020-09 | $94.97M |
| 2020-08 | $117.50M |
DUGAX Debt Constituents
No individual debt constituents are reported in Delaware U.S. Growth Fund's latest SEC N-PORT filing.
DUGAX Prospectus and SEC Filings
Official Delaware U.S. Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-25
- Prospectus (485BPOS) — filed 2020-03-13
- Prospectus (485BPOS) — filed 2019-03-15
- Portfolio holdings (N-PORT) — filed 2021-03-29
- Portfolio holdings (N-PORT) — filed 2020-12-22
- Portfolio holdings (N-PORT) — filed 2020-09-25
- Annual census (N-CEN) — filed 2021-01-11
- Annual census (N-CEN) — filed 2020-01-07
Related Funds
Other United States Large 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.