A strong team, but undifferentiated approach merits Delaware Small Cap Value’s cheaper shares a downgraded Morningstar Analyst rating of Bronze from Silver, while more expensive ones remain Neutral.
Delaware Small Cap Value Instl DEVIX
NAV / 1-Day Return
71.97
/
0.68
%
Total Assets
5.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.900%
Expense Ratio
0.900%
Fee Level
Below Average
Longest Manager Tenure
23.83
years
Category
Small Value
Investment Style
Small ValueMin. Initial Investment
0
Status
Open
TTM Yield
0.75%
Turnover
23%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will DEVIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DEVIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the DEVIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of DEVIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
With a management transition in the works, this strategy remains a decent option at the right price.
