Fact sheet: Delaware Corporate Bond

Fund information
Fund name
Delaware Corporate Bond F Acc USD
Fund manager company
Delaware Investments Advisers
Fund type
No data available.
Fund managers
  • Christopher M. Testasince 15/12/2014
  • Michael G. Wildsteinsince 15/12/2014
  • David Hillmeyersince 15/12/2014
Fund objective
Aim to achieve total return (income plus capital appreciation)
Benchmark
  • Barclays US Corporate Investment Grade Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Fixed Int - USD Investment Grade
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.37%
Fund size
£30m
Top in this sector
Fund name1 Year
Blackrock Gbl Infltn Lkd Bd $6.2%
Nikko AM Asia Credit5.3%
Principal GIF PrefSec4.5%
Pimco GIS GblInvGrCr4.5%
Invesco GblInvGrCorpBd4.3%
...more in FO Fixed Int - USD Investment Grade

Performance snapshot

Holdings snapshot

  • USA100%
  • Banks18.6%
    Others17.5%
    Non-Cyclical Consumer Goods13.1%
    Electricity Supply12.2%
    Communications10.1%
  • US Fixed Interest100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3%-4.2%-0.6%---
Sector-2.2%-2.8%-0.2%2.7%8.8%20.5%
Rank within sector42 / 5441 / 5223 / 52---
Quartile4th4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector3.5%-0.7%6%-1.1%10.1%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high10.75
52 week low9.97
Current bid price-
Current offer price-
Current mid price10.28
Region
1USA100%
Industry sector
1Banks18.6%
2Others17.5%
3Non-Cyclical Consumer Goods13.1%
4Electricity Supply12.2%
5Communications10.1%
6Energy8.2%
7Cyclical Consumer Goods4.9%
8Capital Goods4.6%
9Technology4.3%
Asset type
1US Fixed Interest100%
Individual holdings
1JPMORGAN CHASE & CO1.28%
2US BANCORP1.11%
3BANK OF AMERICA CORP1.04%
4VERIZON COMMUNICATIONS INC1.04%
5ANHEUSER-BUSCH INBEV 0.96%
6CMS ENERGY CORP0.96%
7BURLINGTON NORTHERN SANTA FE0.95%
8CATERPILLAR, INC0.95%
9ENTERGY ARKANSAS0.95%
Management
Fund manager group
Delaware Investments Gbl Funds
Fund manager company
Delaware Investments Advisers
Fund type
No data available.
Fund objective
Aim to achieve total return (income plus capital appreciation)
Benchmark
  • Barclays US Corporate Investment Grade Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Christopher M. Testa15/12/2014Christopher M. Testa joined Delaware Investments in January 2014 as a senior portfolio manager in the firm’s corporate credit portfolio management group. He primarily manages high yield assets. Prior to joining the firm, Testa worked as a portfolio manager who focused on high yield credit at S. Goldman Asset Management from 2009 to 2012 and Princeton Advisory Group from 2012 to 2013. Previously, he served as head of U.S. credit at Drake Management, and prior to that he was head of credit research and a high yield portfolio manager at Goldman Sachs Asset Management. Testa has more than 20 years of experience analyzing and investing in high yield and distressed credit. He earned his bachelor’s degree in economics, with a minor in government, from Hamilton College, and an MBA in finance with a concentration in investments from The Wharton School of the University of Pennsylvania.
Michael G. Wildstein15/12/2014Michael G. Wildstein is a member of the firm’s fixed income portfolio management team. He manages corporate credit-related portfolios. Before joining the team, he was a senior corporate bond analyst focused on the telecommunications sector for high grade and high yield portfolios. Prior to joining Delaware Investments in March 2007 as a senior research analyst, Wildstein spent five years at Merrill Lynch Investment Managers in various roles that included portfolio manager for the core bond team, corporate bond research analyst, and corporate bond trader. Before moving into investment management, Wildstein worked in finance, corporate strategy, and business development with several firms including RCN Corporation and AT&T Local Services. He earned a bachelor’s degree from the University of Tampa and an MBA from Drexel University.
David Hillmeyer15/12/2014J. David Hillmeyer is a member of the firm's taxable fixed income portfolio management team. He is responsible for portfolio construction and asset allocation of the diversified floating rate strategy and serves as co-portfolio manager for the fixed rate multisector, core plus, and investment grade corporate bond strategies. Prior to joining Delaware Investments in August 2007 as a vice president and corporate bond trader, he worked for more than 11 years in various roles at Hartford Investment Management Company, including senior corporate bond trader, high yield portfolio manager / trader, and quantitative analyst. He began his career as an investment advisor in January 1989 at Shawmut Bank, leaving the firm as an investment officer in November 1995. Hillmeyer earned his bachelor’s degree from Colorado State University, and he is a member of the CFA Society of Philadelphia and the Philadelphia Council for Business Economics.
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Germany, Finland, United Kingdom, Ireland, Italy, Offshore, Sweden
Delaware Corporate Bond F Acc USD
Initial charge-
Annual charge1.15%
Min single investment£100,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.37%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.28
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMYJD
Delaware Corporate Bond I
Initial charge-
Annual charge0.4%
Min single investment£100,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.49
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM23V
Data provided by

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