FIOBX — Delaware International Opportunities Bond Fund
Data updated: 2021-05-20
FIOBX — Delaware International Opportunities Bond Fund. Bond · $20.11M AUM · 1.15% expense ratio. Holdings, fees, performance and SEC filings.
FIOBX Fund Overview
FIOBX — Delaware International Opportunities Bond Fund is a US mutual fund managed by Delaware Group Equity Funds IV, categorised as Bond. 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: Bond
- Assets under management: $20.11M
- 1-year return: 3.2%
- Ticker: FIOBX
- SEC CIK: 0000778108
- SEC series ID: S000065915
- Share class ID: C000212927
FIOBX Investment Objective and Strategy
Delaware International Opportunities Bond 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 International Opportunities Bond Fund seeks total return consisting of income and capital appreciation.
Principal investment strategy
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in bonds (80% policy). For purposes of the 80% policy, bonds include debt securities issued or guaranteed by national governments, their agencies or instrumentalities and political sub-divisions (including inflation index linked securities); debt securities of supranational organizations such as freely transferable promissory notes, bonds and debentures; corporate debt securities, including freely transferable promissory notes, debentures, zero coupon bonds, commercial paper, certificates of deposits, and bankers acceptances issued by industrial, utility, finance, commercial banking or bank holding company organizations; emerging markets debt; and below investment grade securities, also known as high yield debt or junk bonds.
Emerging market countries include those currently considered to be developing or emerging countries by the World Bank, the United Nations, or the countries' governments. These countries typically are located in the Asia-Pacific region, Eastern Europe, the Middle East, Central America, South America, and Africa. The Fund may invest in fixed-rate and floating-rate securities. The Fund will primarily invest its assets in debt securities (including fixed-rate and floating-rate securities) of issuers located in developed countries outside of the United States. A developed country is defined as a country that have a developed economy and advanced tech infrastructure when compared to other nations. An issuer is considered by the Manager to be located in a developed country if such issuer meets certain criteria of the Manager.
The Fund may also invest in emerging markets. The Fund will primarily invest in sovereign debt and currencies, as well as in investment grade corporate bonds. The Fund may invest in both investment grade and, to a lesser extent, below investment grade securities. The Fund may invest in forward foreign currency contracts in order to hedge its currency exposure in bond positions or to gain currency exposure. The Fund may also invest in interest rate and bond futures to manage interest rate risk and for hedging purposes. These investments may be significant at times. Although the Fund has the flexibility to make use of forward foreign currency contracts it may choose not to for a variety of reasons, even under very volatile market conditions. The Manager evaluates a number of factors in identifying investment opportunities and constructing the Fund's portfolio.
In selecting securities, the Manager evaluates the overall investment opportunities and risks in individual national economies. The Manager analyzes the business cycle in developed countries, and analyzes political factors and exchange rates in emerging market countries. The Manager considers local, national and global economic conditions, market conditions, interest rate movements, and other relevant factors to determine the allocation of the Fund's assets among different issuers, industry sectors and maturities. The Manager, in connection with selecting individual investments for the Fund, evaluates a security based on its potential to generate income and/or capital appreciation. The Manager considers, among other factors, the creditworthiness of the issuer of the security and the various features of the security, such as its interest rate, yield, maturity, any call features and value relative to other securities.
The Manager may sell a security if the team believes that there is deterioration in the issuer's financial circumstances, or that other investments are more attractive; if there is deterioration in a security's credit rating; or for other reasons. The Manager focuses on investments denominated in foreign currencies that compare favorably to the US dollar. These factors may vary in particular cases and may change over time. In addition, the Manager may seek investment advice and recommendations from its affiliates: Macquarie Investment Management Europe Limited, Macquarie Investment Management Austria Kapitalanlage AG, and Macquarie Investment Management Global Limited (together, the Affiliated Sub-Advisors). The Manager may also permit these Affiliated Sub-Advisors to execute Fund security trades on behalf of the Manager and exercise investment discretion for securities in certain markets where the Manager believes it will be beneficial to utilize an Affiliated Sub-Advisors specialized market knowledge.
FIOBX Performance
Total returns for FIOBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.2% |
FIOBX Risk Information
Risk metrics for FIOBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.7%
FIOBX Costs and Fees
FIOBX costs about $115 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.15%
- Gross expense ratio: 1.62%
- Portfolio turnover: 281%
- Brokerage commissions: 0.55 bps of average net assets (SEC N-CEN)
FIOBX Cashflows
Over the 12 months to 2021-03, Delaware International Opportunities Bond Fund had net inflows of $35.35M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-03 | $2.47M |
| 2021-02 | $1.15M |
| 2021-01 | $837.72K |
| 2020-12 | $975.51K |
| 2020-11 | $8.82M |
| 2020-10 | $2.38M |
FIOBX Debt Constituents
No individual debt constituents are reported in Delaware International Opportunities Bond Fund's latest SEC N-PORT filing.
FIOBX Prospectus and SEC Filings
Official Delaware International Opportunities Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-01-28
- Prospectus (485BPOS) — filed 2020-02-12
- Prospectus supplement (497) — filed 2020-02-18
- Portfolio holdings (N-PORT) — filed 2021-05-20
- Portfolio holdings (N-PORT) — filed 2021-03-01
- Portfolio holdings (N-PORT) — filed 2020-11-23
- Annual census (N-CEN) — filed 2020-12-03
Related Funds
Other Bond 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.