FITRX — Delaware Total Return Fund
Data updated: 2023-05-23
FITRX — Delaware Total Return Fund. Money Market · $382.02M AUM · 1.04% expense ratio · -5.5% 1-yr return. Holdings, fees, performance and SEC filings.
FITRX Fund Overview
FITRX — Delaware Total Return Fund is a US mutual fund managed by Delaware Group Equity Funds IV, categorised as Money Market. 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: Money Market
- Assets under management: $382.02M
- 1-year return: -5.5%
- Ticker: FITRX
- SEC CIK: 0000778108
- SEC series ID: S000065922
- Share class ID: C000212949
FITRX Investment Objective and Strategy
Delaware Total Return 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 Total Return Fund seeks to provide sustainable current income with potential for capital appreciation with moderate investment risk.
Principal investment strategy
For the purposes of this section, a reference to the Manager may also include Macquarie Investment Management Austria Kapitalanlage AG (MIMAK or the Sub-advisor), with respect to its role as sub-advisor of the Fund. The Fund allocates its assets among stocks (US and foreign companies), bonds and money market instruments. The Fund does not use a fixed formula for allocating investments between stocks and bonds. While the percentage of assets allocated to each asset class is flexible rather than fixed, the Fund normally invests at least 50% of its net assets in stocks, stock equivalents, and convertible securities with the remainder in bonds, cash and money market instruments. The percentage allocations within the above ranges may change due to, among other things, market fluctuations or reallocation decisions by the Sub-advisor.
MIMAKs dynamic asset-allocation framework will be used to determine the proportion of the Funds assets that will be allocated to the various asset classes, based on the market assessment and portfolio risk contribution for such asset classes. The framework is intended to reduce riskier assets in times of market volatility and provide additional downside protection. Reallocations outside of the above ranges are expected to occur infrequently. The Fund may also invest in high yield, below investment grade corporate bonds (commonly known as high yield or junk bonds). High yield bonds include bonds that are rated below Baa3 by Moodys Investors Service, Inc. or below BBB- by Standard & Poors Financial Services LLC as well as unrated bonds that are determined by the Manager to be of equivalent quality.
The Manager will consider ratings assigned by ratings agencies in selecting high yield bonds but relies principally on its own research and investment analysis. In managing its portion of the Fund, the Manager primarily focuses on investments it believes can generate attractive and consistent income. The Manager may sell a bond when it shows deteriorating fundamentals or it falls short of the Managers expectations. The Fund may invest in credit-linked securities, provided that no more than 10% of the Funds net assets are invested in credit-linked securities. The Fund may also invest in real estate related companies and real estate investment trusts (REITs). In connection with its dynamic asset-allocation framework, MIMAK will also manage a tactical/completion sleeve and such sleeve will typically vary from 0% to 20% of the Funds total assets and primarily hold derivatives and exchange-traded funds (ETFs).
The Fund may use a wide range of derivatives instruments, typically including forward foreign currency contracts, options, futures contracts, options on futures contracts, and credit default swaps. The Fund will use derivatives for both hedging and non-hedging purposes; as a substitute for purchasing or selling securities; and to manage the Funds portfolio characteristics. For example, the Fund 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; and credit default swaps to hedge against a credit event, to gain exposure to certain securities or markets, or to enhance total return.
In addition, the Manager may seek investment advice and recommendations relating to fixed income securities from its affiliates: Macquarie Investment Management Europe Limited (MIMEL) and Macquarie Investment Management Global Limited (MIMGL). The Manager may also permit MIMGL to execute equity Fund security trades on behalf of the Manager. The Manager may also permit MIMEL and MIMGL to exercise investment discretion for securities in certain markets where the Manager believes it will be beneficial to utilize MIMELs or MIMGLs specialized market knowledge, and the Manager may also seek quantitative support from MIMGL. MIMGL is also responsible for managing real estate investment trust securities and other equity asset classes to which the portfolio managers may allocate assets from time to time.
FITRX Holdings
Top 10 holdings of Delaware Total Return Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.68% |
| Apple Inc | 2.93% |
| Sc Hixson LLC Pp | 2.64% |
| Vanguard Russell 2000 ETF | 2.55% |
| Microsoft Corp | 2.42% |
| Johnson & Johnson | 1.26% |
| Broadcom Inc | 1.22% |
| Merck & Co Inc | 1.14% |
| Lowe's Cos Inc | 1.04% |
| TJX Cos Inc/The | 1.03% |
FITRX Portfolio Allocation
Asset-class allocation of Delaware Total Return Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 67.7% |
| Fixed Income | 24.5% |
| Securitized | 6.1% |
| Cash & Equivalents | 1.2% |
FITRX Performance
Total returns for FITRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.5% |
| 3 years (annualised) | 11.1% |
FITRX Risk Information
Risk metrics for FITRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.2%
FITRX Costs and Fees
FITRX costs about $104 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.04%
- Gross expense ratio: 1.14%
- Portfolio turnover: 57%
- Brokerage commissions: 2.05 bps of average net assets (SEC N-CEN)
FITRX Cashflows
Over the 12 months to 2023-03, Delaware Total Return Fund had net inflows of $119.86M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $9.94M |
| 2023-02 | $9.08M |
| 2023-01 | $7.91M |
| 2022-12 | $20.97M |
| 2022-11 | $13.30M |
| 2022-10 | $7.57M |
FITRX Debt Constituents
Largest debt holdings of Delaware Total Return Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| US Treasury N/b | 0.91% |
| US Treasury N/b | 0.52% |
| US Treasury N/b | 0.46% |
| Interdigital, Inc. | 0.41% |
| Liberty Broadband Corp. | 0.39% |
| Chefs' Warehouse The | 0.38% |
| Helix Energy Solutions | 0.36% |
| Palo Alto Networks | 0.35% |
| Cheesecake Factory (the) | 0.34% |
| Integra Lifesciences Hld | 0.31% |
FITRX Prospectus and SEC Filings
Official Delaware Total Return Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-27
- Prospectus (485BPOS) — filed 2022-01-27
- Prospectus (485BPOS) — filed 2021-01-28
- Portfolio holdings (N-PORT) — filed 2023-05-23
- Portfolio holdings (N-PORT) — filed 2023-02-27
- Portfolio holdings (N-PORT) — filed 2022-11-22
- Annual census (N-CEN) — filed 2022-12-13
- Annual census (N-CEN) — filed 2021-12-09
Related Funds
Other Money Market 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.