IRUAX — Delaware Ivy ProShares Russell 2000 Dividend Growers Index Fund
Data updated: 2022-08-26
IRUAX — Delaware Ivy ProShares Russell 2000 Dividend Growers Index Fund. Holdings, fees, performance and SEC filings.
IRUAX Fund Overview
IRUAX — Delaware Ivy ProShares Russell 2000 Dividend Growers Index Fund is a US mutual fund managed by Ivy Funds, categorised as Global (incl. US) Small 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) Small Cap Value Equity
- Assets under management: $18.25M
- 1-year return: -7.3%
- Ticker: IRUAX
- SEC CIK: 0000883622
- SEC series ID: S000057249
- Share class ID: C000182598
IRUAX Investment Objective and Strategy
Delaware Ivy ProShares Russell 2000 Dividend Growers Index 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 Russell 2000 ® Dividend Growth Index (Index).
Principal investment strategy
"Ivy ProShares Russell 2000 Dividend Growers 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. The Index, which is constructed and maintained by Russell Investments (Index Provider), is designed to represent the performance of small- and medium-capitalization companies within the Russell 2000 Index that consistently increase dividends. Companies are eligible for inclusion in the Index if they: (i) are members of the Russell 2000 Index, (ii) have increased dividend payments each year for at least 10 consecutive years, and (iii) meet certain market capitalization and liquidity requirements (Initial Index 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.
The Index includes all companies meeting the Initial Index Requirements, unless, as described below, sector caps are breached. If there are fewer than 40 stocks with at least 10 consecutive years of dividend growth, the Index will include companies with shorter dividend growth histories. If the sector caps are breached, then companies in the applicable sector are removed beginning with companies with the lowest yield, and progressively moving to companies with higher yields, as necessary, until the Index complies with its rules. As of November 30, 2017, the Index included companies with capitalizations between approximately $407 million and $4.4 billion, and the average capitalization of companies comprising the Index was approximately $2.2 billion. The Index is rebalanced each March, June, September and December, with an annual reconstitution during the June rebalance.
The Index is published under the Bloomberg ticker symbol ""R2DIVGRO."" 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 utilities industry group and in the financials industry group. ProShares is a registered mark of ProShare Advisors and has been licensed by IICO solely for use in connection with the Fund."
IRUAX Performance
Total returns for IRUAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -7.3% |
| 3 years (annualised) | -2.6% |
IRUAX Risk Information
Risk metrics for IRUAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.7%
IRUAX Costs and Fees
IRUAX costs about $88 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.88%
- Gross expense ratio: 1.11%
- Portfolio turnover: 56%
- Brokerage commissions: 1.62 bps of average net assets (SEC N-CEN)
IRUAX Cashflows
Over the 12 months to 2022-06, Delaware Ivy ProShares Russell 2000 Dividend Growers Index Fund had net outflows of $12.41M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-06 | $6.82M |
| 2022-05 | $3.03M |
| 2022-04 | $2.99M |
| 2022-03 | $2.72M |
| 2022-02 | $2.08M |
| 2022-01 | $9.76M |
IRUAX Debt Constituents
No individual debt constituents are reported in Delaware Ivy ProShares Russell 2000 Dividend Growers Index Fund's latest SEC N-PORT filing.
IRUAX Prospectus and SEC Filings
Official Delaware Ivy ProShares Russell 2000 Dividend Growers Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-01-28
- Prospectus (485BPOS) — filed 2021-01-28
- Prospectus (485BPOS) — filed 2020-02-21
- Portfolio holdings (N-PORT) — filed 2022-08-26
- Portfolio holdings (N-PORT) — filed 2022-05-19
- Portfolio holdings (N-PORT) — filed 2022-02-23
- Annual census (N-CEN) — filed 2021-12-27
- Annual census (N-CEN) — filed 2020-12-09
Related Funds
Other Global (incl. US) Small 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.