IDAEX — Delaware Sustainable Equity Income Fund
Data updated: 2024-05-28
IDAEX — Delaware Sustainable Equity Income Fund. United States Large Cap Value Thematic Equity · $37.99M AUM. Holdings, fees, performance and SEC filings.
IDAEX Fund Overview
IDAEX — Delaware Sustainable Equity Income Fund is a US mutual fund managed by Ivy Funds, categorised as United States Large Cap Value Thematic 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: United States Large Cap Value Thematic Equity
- Assets under management: $37.99M
- 1-year return: -6.4%
- Ticker: IDAEX
- SEC CIK: 0000883622
- SEC series ID: S000057248
- Share class ID: C000182590
IDAEX Investment Objective and Strategy
Delaware Sustainable Equity Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ivy Funds.
Investment objective
To seek investment results, before fees and expenses, that track the performance of the S&P 500 ® Dividend Aristocrats ® Index (Index).
Principal investment strategy
"Ivy ProShares S&P 500 Dividend Aristocrats Index Fund seeks to achieve its objective by investing all, or substantially all, of its assets in the types of securities that should track the performance of the Index, which is composed of common stock issued by U.S. public, dividend-paying companies. The Index, which is constructed and maintained by S&P Dow Jones Indices LLC (Index Provider), is designed to measure the performance of large-capitalization companies within the S&P 500 Index that consistently increase dividends. Companies are eligible for inclusion in the Index if they: (i) are members of the S&P 500 Index, (ii) have increased dividend payments each year for at least 25 consecutive years, and (iii) meet certain market capitalization and liquidity requirements established by the Index Provider.
The Index contains a minimum of 40 stocks, which are equally weighted, and no single sector is allowed to comprise more than 30% of the Index weight. If there are fewer than 40 stocks with at least 25 consecutive years of dividend growth or if the sector caps are breached, the Index will include companies with shorter dividend growth histories. As of November 30, 2017, the Index included companies with capitalizations between approximately $6.4 billion and $374 billion, and the average capitalization of companies comprising the Index was approximately $76.1 billion. The Index is rebalanced each January, April, July and October, with an annual reconstitution during the January rebalance. The Index is published under the Bloomberg ticker symbol ""SPDAUDT."" The Fund invests in securities that ProShare Advisors LLC (ProShare Advisors), the Funds investment subadviser, believes, in combination, should track the performance of the Index.
Under normal circumstances, the Fund will invest at least 80% of its net assets in investments connoted by the Index (i.e., component securities of the Index and comparable securities that have economic characteristics that are substantially identical to the economic characteristics of the securities of the Index). Under normal circumstances, the Fund also will invest at least 80% of its net assets in dividend-paying stocks. ProShare Advisors follows a passive approach to investing that is designed to track the performance of the Index. ProShare Advisors does not invest the assets of the Fund in securities based on ProShare Advisors view of the investment merit of a particular security or company, nor does it conduct conventional investment research or analysis, or forecast market movement or trends, in managing the assets of the Fund.
The Fund seeks to remain fully invested at all times in securities that, in combination, provide exposure to the Index without regard to market conditions, trends or direction. The Fund attempts to track the performance of the Index by investing all, or substantially all, of its assets in the types of securities that make up the Index, holding each security in approximately the same proportion as its weighting in the Index. At times, the Fund may gain exposure to only a representative sample of the securities in the Index, which exposure is intended to have aggregate characteristics similar to those of the Index, and may invest in securities not contained in the Index. The Fund will concentrate its investments in a particular industry or group of industries to approximately the same extent as the Index is so concentrated.
As of the close of business on November 30, 2017, the Index was concentrated in the consumer staples industry group. ProShares is a registered mark of ProShare Advisors and has been licensed by IICO solely for use in connection with the Fund."
IDAEX Holdings
Top 10 holdings of Delaware Sustainable Equity Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JPMorgan Chase & Co | 2.80% |
| Chevron Corp | 2.26% |
| Johnson & Johnson | 1.83% |
| Procter & Gamble Co/The | 1.62% |
| ConocoPhillips | 1.54% |
| Merck & Co Inc | 1.45% |
| General Electric Co | 1.37% |
| S&P Global Inc | 1.34% |
| BlackRock Inc | 1.27% |
| Bank of America Corp | 1.23% |
IDAEX Portfolio Allocation
Asset-class allocation of Delaware Sustainable Equity Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.7% |
| Cash & Equivalents | 0.3% |
IDAEX Performance
Total returns for IDAEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -6.4% |
| 3 years (annualised) | -2.3% |
IDAEX Risk Information
Risk metrics for IDAEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.1%
IDAEX Costs and Fees
IDAEX costs about $58 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.58%
- Gross expense ratio: 0.97%
- Portfolio turnover: 160%
- Brokerage commissions: 13.68 bps of average net assets (SEC N-CEN)
IDAEX Cashflows
Over the 12 months to 2024-03, Delaware Sustainable Equity Income Fund had net inflows of $34.61M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | −$4.87M |
| 2024-02 | −$6.52M |
| 2024-01 | −$2.34M |
| 2023-12 | $12.10M |
| 2023-11 | $4.03M |
| 2023-10 | $3.37M |
IDAEX Debt Constituents
No individual debt constituents are reported in Delaware Sustainable Equity Income Fund's latest SEC N-PORT filing.
IDAEX Prospectus and SEC Filings
Official Delaware Sustainable Equity Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-01-26
- Prospectus (485BPOS) — filed 2023-01-27
- Prospectus supplement (497) — filed 2023-07-13
- Portfolio holdings (N-PORT) — filed 2024-05-28
- Portfolio holdings (N-PORT) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2023-11-21
- Annual census (N-CEN) — filed 2023-12-11
- Annual census (N-CEN) — filed 2022-12-13
Related Funds
Other United States Large Cap Value Thematic 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.