IRECX Performance — Delaware Global Real Estate Fund, Class C
Data updated: 2024-06-11
IRECX returned +6.12% over one year to Mar 2024. The annualised 3-year return is −6.53%. The fund trailed its Global Real Estate category average: $100 invested three years ago grew to $82, against $100 for the category, and to $106 over one year, against $109. Volatility over the past three years was 17.34% a year. In the 12 months to Mar 2024 the fund lost a net $574K, and assets reached $13.14M.
IRECX Growth of $100
What $100 invested in Delaware Global Real Estate Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Real Estate category average over the same months.
| Period | IRECX | Category average |
|---|---|---|
| 1 year (Apr 2023 – Mar 2024) | $106 | $109 |
| 3 years (Apr 2021 – Mar 2024) | $82 | $100 |
| Since data start (Jul 2019 – Mar 2024) | $82 | $111 |
IRECX Trailing Returns
Total returns to Mar 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +6.12% |
| 3 years (annualised) | −6.53% |
IRECX Annual Returns
Calendar-year total returns of Delaware Global Real Estate Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Mar) | −0.54% |
| 2023 | +7.08% |
| 2022 | −23.39% |
| 2021 | +0.12% |
| 2020 | −0.13% |
| 2019 (Jul–Dec) | −0.01% |
IRECX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | −4.1% | +1.1% | +2.6% | — | — | — | — | — | — | — | — | — |
| 2023 | +8.9% | −4.8% | −3.2% | +1.7% | −4.4% | +3.2% | +3.1% | −2.9% | −6.2% | −4.1% | +10.2% | +7.1% |
| 2022 | −4.4% | −2.2% | +4.3% | −4.9% | −3.5% | −7.4% | +7.8% | −6.9% | −12.8% | +1.9% | +7.9% | −4.0% |
| 2021 | 0.0% | 0.0% | 0.0% | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% | −0.1% | 0.0% | 0.0% | +0.1% |
| 2020 | 0.0% | −0.1% | −0.2% | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +0.1% | 0.0% |
| 2019 | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
IRECX Risk
Risk measures from monthly returns over Apr 2021 – Mar 2024.
- 3-year volatility (annualised): 17.34%
- 3-year Sharpe ratio: -0.64 (vs 4.5% risk-free rate)
- Best month: +10.15% (Nov 2023)
- Worst month: −12.84% (Sep 2022)
IRECX Fund Flows
Monthly money in and out of Delaware Global Real Estate Fund, from SEC Form N-PORT.
- 12-month net flow: −$574K
- 12-month gross sales (incl. reinvestments): $4.7M
- Sales ÷ redemptions: 0.89×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Mar 2024 | $366K | $2.9M | −$2.6M |
| Feb 2024 | $72K | $12.6M | −$12.5M |
| Jan 2024 | $63K | $850K | −$787K |
| Dec 2023 | $121K | −$1.5M | $1.6M |
| Nov 2023 | $101K | −$1.1M | $1.2M |
| Oct 2023 | $689K | −$855K | $1.5M |
| Sep 2023 | $236K | −$1.3M | $1.5M |
| Aug 2023 | $273K | −$1.4M | $1.7M |
| Jul 2023 | $821K | −$1.0M | $1.8M |
| Jun 2023 | $693K | −$1.5M | $2.2M |
| May 2023 | $1.2M | −$1.3M | $2.5M |
| Apr 2023 | $57K | −$1.1M | $1.1M |
IRECX Assets Under Management
Net assets of Delaware Global Real Estate Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-03-28 | $13.14M |
| 2023-12-29 | $29.98M |
| 2023-09-29 | $28.82M |
| 2023-06-30 | $33.22M |
| 2023-03-31 | $35.27M |
| 2022-12-30 | $40.19M |
| 2022-09-30 | $43.59M |
| 2022-06-30 | $56.16M |
| 2022-03-31 | $79.20M |
| 2021-12-31 | $80.93M |
| 2021-09-30 | $88.62M |
| 2021-06-30 | $97.31M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.