IBIIX — Delaware Global Equity Fund II
Data updated: 2024-08-27
IBIIX — Delaware Global Equity Fund II. Global (incl. US) Large Cap Value Equity · $252.51M AUM. Holdings, fees, performance and SEC filings.
IBIIX Fund Overview
IBIIX — Delaware Global Equity Fund II is a US mutual fund managed by Ivy Funds, categorised as Global (incl. US) Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ivy Funds
- Category: Global (incl. US) Large Cap Value Equity
- Assets under management: $252.51M
- 1-year return: 13.3%
- Ticker: IBIIX
- SEC CIK: 0000883622
- SEC series ID: S000037255
- Share class ID: C000114761
IBIIX Investment Objective and Strategy
Delaware Global Equity Fund II describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ivy Funds.
Investment objective
To seek to provide total return through a combination of current income and capital appreciation.
Principal investment strategy
Ivy Global Equity Income Fund invests in equity securities that are issued by companies of any size located largely in developed markets around the world, that IICO believes will be able to generate a reasonable level of current income for investors given current market conditions, and that demonstrate favorable prospects for total return. The Fund focuses on companies that IICO believes have the ability to maintain and/or grow their dividends while providing capital appreciation over the long-term. The Fund typically holds a limited number of stocks (generally 50 to 70). Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities. For this purpose, such equity securities consist primarily of dividend-paying common stocks across the globe. Although the Fund invests primarily in large-capitalization companies (typically companies with market capitalizations of at least $10 billion at the time of acquisition), it may invest in companies of any size.
Under normal circumstances, the Fund invests at least 40% (or, if IICO deems it warranted by market conditions, at least 30%) of its total assets in securities of non-U.S. issuers. In selecting securities for the Fund, IICO uses a company-specific stock selection process. IICO seeks to identify higher-quality companies that it believes are reasonably-valued, have a strong likelihood of maintaining and/or growing their dividend, and have a relatively stable to improving fundamental outlook, relative to market expectations. IICO considers an analysis of sectors/industries and geographical areas (when relevant) when determining the attractiveness of names and weightings of sectors, and to a lesser degree, countries. IICO also considers several other factors, including a companys history of fundamentals, ability to sustain its business model, growth potential, management proficiency and competitive environment.
Part of IICOs process includes an initial screening of the investable universe based on key financial, valuation and technical criteria. Many of the companies in which the Fund may invest have diverse operations, with products or services in foreign markets. Therefore, the Fund may have indirect exposure to various additional foreign markets through investments in these companies, even if the Fund is not invested directly in such markets. In an effort to manage foreign currency exposure, the Fund may use forward foreign currency contracts to either increase or decrease exposure to a given currency. Generally, in determining whether to sell a security, IICO uses the same type of analysis that it uses in buying securities of that type. For example, IICO may sell a security if it believes the security no longer offers attractive current income prospects or significant growth potential, if it believes the management of the company has weakened, and/or there exists political or economic instability in the issuers country.
IICO also may sell a security to reduce the Funds holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash.
IBIIX Holdings
Top 10 holdings of Delaware Global Equity Fund II by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Microsoft Corp | 5.64% |
| NVIDIA Corp | 4.35% |
| Tsmc | 3.76% |
| Costco Wholesale Corp | 3.66% |
| Amazon.com Inc | 3.65% |
| Casey's General Stores Inc | 3.57% |
| L'Oreal SA | 3.49% |
| Alphabet Inc | 3.14% |
| Apple Inc | 2.92% |
| Alimentation Couche-Tard Inc | 2.66% |
IBIIX Portfolio Allocation
Asset-class allocation of Delaware Global Equity Fund II by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.7% |
| Cash & Equivalents | 0.6% |
IBIIX Performance
Total returns for IBIIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 13.3% |
| 3 years (annualised) | 4.8% |
| 5 years (annualised) | 2.9% |
IBIIX Risk Information
Risk metrics for IBIIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.4%
IBIIX Costs and Fees
IBIIX costs about $92 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.92%
- Gross expense ratio: 0.93%
- Portfolio turnover: 25%
- Brokerage commissions: 6.45 bps of average net assets (SEC N-CEN)
IBIIX Cashflows
Over the 12 months to 2024-06, Delaware Global Equity Fund II had net inflows of $20.94M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-06 | −$2.98M |
| 2024-05 | −$6.73M |
| 2024-04 | −$8.48M |
| 2024-03 | −$4.02M |
| 2024-02 | −$12.22M |
| 2024-01 | −$6.15M |
IBIIX Debt Constituents
No individual debt constituents are reported in Delaware Global Equity Fund II's latest SEC N-PORT filing.
IBIIX Prospectus and SEC Filings
Official Delaware Global Equity Fund II filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-07-28
- Prospectus (485BPOS) — filed 2022-07-29
- Prospectus (485BPOS) — filed 2021-07-28
- Portfolio holdings (N-PORT) — filed 2024-08-27
- Portfolio holdings (N-PORT) — filed 2024-05-28
- Portfolio holdings (N-PORT) — filed 2024-02-27
- Annual census (N-CEN) — filed 2024-06-11
- Annual census (N-CEN) — filed 2023-06-14
Related Funds
Other Global (incl. US) Large Cap Value 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.