FSIHX — Delaware Strategic Income II Fund

FSIHX Fund Overview

FSIHX — Delaware Strategic Income II 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: $78.47M
• 1-year return: 11.4%
• Ticker: FSIHX
• SEC CIK: 0000778108
• SEC series ID: S000065921
• Share class ID: C000212946

FSIHX Investment Objective and Strategy

Delaware Strategic Income II 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 Strategic Income II Fund seeks a high level of current income.

Principal investment strategy

Under normal circumstances, the Funds investment manager, Delaware Management Company (Manager), will invest at least 80% of the Funds net assets, plus the amount of any borrowings for investment purposes, in US and foreign debt securities, including those in emerging markets (80% policy). Foreign debt securities are fixed income securities of issuers organized or having a majority of their assets or deriving a majority of their operating income in foreign countries. These fixed income securities include, but are not limited to, foreign government securities, debt obligations of foreign companies, and securities issued by supranational entities. 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. Debt securities include all varieties of fixed, variable and floating rate income securities, including bonds, US and foreign government and agency securities, corporate loans (and loan participations), mortgage-backed securities and other asset-backed securities and convertible securities. To achieve the Fund's investment objective, the Manager will allocate investments among various sectors of debt securities and at any given time may have a substantial amount of its assets invested in any class of debt security. 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-Advisor's specialized market knowledge. The Fund may invest up to 100% of its net assets in high yield, lower-quality debt securities (also known as junk bonds ). The Fund may invest up to 100% of its net assets in foreign securities, including emerging markets securities. The Funds total non-US dollar currency exposure may reach 100% of net assets. Due to the manner in which the Fund is managed, it may be subject to a high rate of portfolio turnover. The Fund may hold a substantial portion of its assets in cash or short-term fixed income obligations in unusual market conditions to meet redemption requests, for temporary defensive purposes, and pending investment.

The Fund may also use a wide range of derivatives instruments, typically including forward foreign currency contracts, options, futures contracts, options on futures contracts, and swaps. The Fund may 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 affect diversification.

The 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.

FSIHX Performance

Total returns for FSIHX (as of 2026-10-01), from SEC filings.

FSIHX Risk Information

Risk metrics for FSIHX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 4.6%

FSIHX Costs and Fees

FSIHX costs about $89 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.89%
• Gross expense ratio: 0.89%
• Portfolio turnover: 244%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

FSIHX Cashflows

Over the 12 months to 2021-06, Delaware Strategic Income II Fund had net inflows of $48.75M, from monthly SEC N-PORT filings.

FSIHX Debt Constituents

No individual debt constituents are reported in Delaware Strategic Income II Fund's latest SEC N-PORT filing.

FSIHX Prospectus and SEC Filings

Official Delaware Strategic Income II Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-01-28
• Prospectus (485BPOS) — filed 2020-02-12
• Prospectus (485BPOS) — filed 2019-10-25
• 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 Bond funds tracked on ABC INVEST:

• Great-West T. Rowe Price Equity Income Fund (MXTQX)
• Absolute Return Currency Fund (JCUAX)
• ICON Flexible Bond Fund (IOBCX)
• Tributary Growth Opportunities Fund (FOGRX)
• Oakhurst Fixed Income Fund (FWFIX)

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.