FIUTX — Delaware Equity Income Fund
Data updated: 2023-02-27
FIUTX — Delaware Equity Income Fund. Global (incl. US) Real Estate · $274.42M AUM · 1.02% expense ratio. Holdings, fees, performance and SEC filings.
FIUTX Fund Overview
FIUTX — Delaware Equity Income Fund is a US mutual fund managed by Delaware Group Equity Funds IV, categorised as Global (incl. US) Real Estate. 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: Global (incl. US) Real Estate
- Assets under management: $274.42M
- 1-year return: 3.1%
- Ticker: FIUTX
- SEC CIK: 0000778108
- SEC series ID: S000065923
- Share class ID: C000212950
FIUTX Investment Objective and Strategy
Delaware Equity Income 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 Equity Income Fund seeks total return.
Principal investment strategy
The Fund invests, under normal circumstances, primarily in companies that the Fund believes are attractive in the market based on their view of long term potential. Under normal circumstances, the Fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equities (80% policy). For purposes of this 80% policy, equities may include common stock, preferred stock, equity-based exchange-traded funds (ETFs) and instruments that are convertible into common stock, or other instruments that represent an equity position in an issuer. The Fund seeks to generate income by investing primarily in dividend paying companies. The Fund may also own convertible securities. Convertible securities are usually preferred stocks or corporate bonds that can be exchanged for a set number of shares of common stock at a predetermined price.
These securities offer higher appreciation potential than nonconvertible bonds and greater income potential than nonconvertible preferred stocks. The Fund may also invest in real estate investment trusts (REITs) and income-generating equity securities. REITs are pooled investment vehicles that invest primarily in income-producing real estate or real estate-related loans or interests. Macquarie Investment Management Global Limited (MIMGL), an affiliate of the Fund's investment manager, Delaware Management Company (Manager), serves as the Funds sub-advisor and manages the Funds assets. Using a systematic bottom-up approach, the Fund seeks to select securities that have above-average yields coupled with a demonstrated business quality, as seen through superior profitability, balance sheet strength, earnings stability and corporate sustainability.
Stocks also need to have reasonable company valuations relative to their current growth prospects, and their peer group. All of these factors give insight into the outlook for a company, and identify companies poised for sustainable growth. Sustainable growth, if it occurs, may result in price appreciation for the companys stock.
FIUTX Performance
Total returns for FIUTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.1% |
| 3 years (annualised) | 7.6% |
FIUTX Risk Information
Risk metrics for FIUTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.5%
FIUTX Costs and Fees
FIUTX costs about $102 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.02%
- Gross expense ratio: 1.12%
- Portfolio turnover: 23%
- Brokerage commissions: 1.97 bps of average net assets (SEC N-CEN)
FIUTX Cashflows
Over the 12 months to 2022-12, Delaware Equity Income Fund had net inflows of $107.79M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-12 | $28.75M |
| 2022-11 | $9.83M |
| 2022-10 | $6.87M |
| 2022-09 | $10.20M |
| 2022-08 | $7.61M |
| 2022-07 | $5.79M |
FIUTX Debt Constituents
No individual debt constituents are reported in Delaware Equity Income Fund's latest SEC N-PORT filing.
FIUTX Prospectus and SEC Filings
Official Delaware Equity Income 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 2023-02-27
- Portfolio holdings (N-PORT) — filed 2022-11-22
- Portfolio holdings (N-PORT) — filed 2022-08-26
- Annual census (N-CEN) — filed 2022-12-13
- Annual census (N-CEN) — filed 2021-12-09
Related Funds
Other Global (incl. US) Real Estate 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.