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Delaware Diversified Income Instl DPFFX

Medalist Rating as of | See Macquarie Investment Hub
  • NAV / 1-Day Return 7.58  /  +0.03 %
  • Total Assets 3.0 Bil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment
  • Status Open
  • TTM Yield 4.26%
  • Effective Duration 6.57 years

USD | NAV as of Jun 22, 2024 | 1-Day Return as of Jun 22, 2024, 1:07 AM GMT+0

Morningstar’s Analysis DPFFX

Will DPFFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Delaware Diversified Income is back to being a work in progress.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

Comanagers Daniela Mardarovici and David Hillmeyer, who had jointly managed Delaware Diversified Income since early 2019, abruptly departed in May 2024. Mardarovici had been a new hire when she started, while Hillmeyer had been at Delaware for more than 10 years. They were replaced by Janaki Rao and Andrew Vonthethoff. Rao came to Macquarie from AllianceBernstein in February 2023, while Vonthethoff had been with Macquarie since 2008. (Delaware Investments became Macquarie Investment Management in 2017, after being acquired by the latter in 2010.) Rao, now also the head of the firm’s US multisector group, plans to overhaul the strategy's process somewhat. Given the uncertainties surrounding both the new management team and the anticipated process changes, we have downgraded its People and Process ratings to Average.

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Portfolio Holdings DPFFX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 17.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.125%

3.07 92.4 Mil
Government

United States Treasury Notes 4.625%

3.05 91.7 Mil
Government

United States Treasury Notes 4.25%

2.21 66.4 Mil
Government

United States Treasury Notes 4%

2.13 64.0 Mil
Government

United States Treasury Notes 4%

1.69 50.9 Mil
Government

United States Treasury Notes 5.57074%

1.34 40.4 Mil
Government

Federal Home Loan Mortgage Corp. 4.5%

1.14 34.3 Mil
Securitized

United States Treasury Notes 4.5%

1.13 34.0 Mil
Government

United States Treasury Notes 4.625%

0.98 29.5 Mil
Government

Federal Home Loan Mortgage Corp. 5%

0.96 28.9 Mil
Securitized