FLDLX — Delaware Limited Duration Bond Fund
Data updated: 2021-08-30
FLDLX — Delaware Limited Duration Bond Fund. Europe Equity · $147.04M AUM · 0.49% expense ratio. Holdings, fees, performance and SEC filings.
FLDLX Fund Overview
FLDLX — Delaware Limited Duration Bond Fund is a US mutual fund managed by Delaware Group Equity Funds IV, categorised as Europe 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: Europe Equity
- Assets under management: $147.04M
- 1-year return: 1.6%
- Ticker: FLDLX
- SEC CIK: 0000778108
- SEC series ID: S000065917
- Share class ID: C000212933
FLDLX Investment Objective and Strategy
Delaware Limited Duration 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 Limited Duration Bond Fund seeks current income consistent with low volatility of principal .
Principal investment strategy
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investment grade bonds (80% policy). For purposes of the 80% policy, investment grade bonds also include other investment grade fixed income securities. Investment grade debt securities include those that are rated within the four highest ratings categories by Moodys or S&P or that are unrated but determined by the Manager to be of equivalent quality. The Fund will maintain an average effective duration from one to three years. The Funds investment manager, Delaware Management Company (Manager), will determine how much of the Funds assets to allocate among the different types of fixed income securities in which the Fund may invest based on the Managers evaluation of economic and market conditions and its assessment of the returns and potential for appreciation that can be achieved from various sectors of the fixed income market.
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. The corporate debt obligations in which the Fund may invest include bonds, notes, debentures, and commercial paper of US companies and, subject to the limitations described below, non-US companies. The Fund may also invest in a variety of securities that are issued or guaranteed as to the payment of principal and interest by the US government, and by various agencies or instrumentalities, which have been established or are sponsored by the US government, and, subject to the limitations described below, securities issued by foreign governments.
Additionally, the Fund may invest in mortgage-backed securities issued or guaranteed by the US government, its agencies or instrumentalities, government-sponsored corporations, and mortgage-backed securities issued by certain private, nongovernment entities. The Fund may also invest in securities that are backed by assets such as receivables on home equity and credit card loans, automobile, mobile home, recreational vehicle and other loans, wholesale dealer floor plans, and leases. The Fund may invest up to 20% of its net assets in below-investment-grade securities (also known as high yield or junk bonds). The Fund may also invest up to 30% of its net assets in foreign securities, including up to 10% of its net assets in securities of issuers located in emerging markets. The Funds total non-US dollar currency exposure will be limited, in the aggregate, to no more than 10% of its net assets.
The Fund may use a wide range of derivatives instruments, typically including options, futures contracts, options on futures contracts, forward foreign currency contracts, and swaps. The Fund will use derivatives for both hedging and nonhedging purposes. 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; interest rate swaps to neutralize the impact of interest rate changes; credit default swaps to hedge against a credit event, to gain exposure to certain securities or markets, or to enhance total return; and index swaps to enhance return or to effect diversification.
The Fund will not use derivatives for reasons inconsistent with its investment objective and will limit its investments in derivatives instruments to 20% of its net assets.
FLDLX Performance
Total returns for FLDLX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.6% |
FLDLX Risk Information
Risk metrics for FLDLX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.8%
FLDLX Costs and Fees
FLDLX costs about $49 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.49%
- Gross expense ratio: 0.82%
- Portfolio turnover: 162%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FLDLX Cashflows
Over the 12 months to 2021-06, Delaware Limited Duration Bond Fund had net inflows of $106.82M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-06 | $4.65M |
| 2021-05 | $5.67M |
| 2021-04 | $5.98M |
| 2021-03 | $7.55M |
| 2021-02 | $7.41M |
| 2021-01 | $7.65M |
FLDLX Debt Constituents
No individual debt constituents are reported in Delaware Limited Duration Bond Fund's latest SEC N-PORT filing.
FLDLX Prospectus and SEC Filings
Official Delaware Limited Duration 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 2021-08-30
- Portfolio holdings (N-PORT) — filed 2021-05-20
- Portfolio holdings (N-PORT) — filed 2021-03-01
- Annual census (N-CEN) — filed 2020-12-03
Related Funds
Other Europe 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.