Delaware Covered Call Strategy Instl (FRCDX)
12.45
+0.27 (+2.22%)
USD |
Jun 24 2022
Returns Chart
Key Stats
Customize
| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 1.06% | 108.83M | 0.62% | 41.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| -26.01M | -4.69% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks long-term capital appreciation. The fund invests in a portfolio of equity securities and writes (sells) call options on those securities. Under normal circumstances, the fund writes (sells) call options on at least 80% of the fund's total assets. The fund normally writes (sells) covered call options listed on U.S. exchanges on the equity securities held by the fund to seek to lower the overall volatility of the fund's portfolio, protect the fund from market declines, and generate income. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | FRCEX |
| Equity Style | Large Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Nontraditional Equity |
| Broad Category | Equity |
| Category Name | Derivative Income |
| Category Index | CBOE S&P 500 BuyWrite BXM |
| Prospectus Objective | Growth |
| Fund Owner Firm Name | Delaware Funds by Macquarie |
| Prospectus Benchmark Index | |
| CBOE S&P 500 BuyWrite BXM | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
| Manager Tenure | |
| Sean Hughes | 6.17 yrs |
| Wiley Angell | 6.17 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
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Category Low
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Category High
1 Year
% Rank:
74
-26.01M
-368.59M
Category Low
8.827B
Category High
3 Months
% Rank:
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3 Years
% Rank:
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6 Months
% Rank:
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5 Years
% Rank:
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YTD
% Rank:
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10 Years
% Rank:
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As of May 31, 2022
Performance Versus Category
As of June 24, 2022. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of June 24, 2022.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Apple Inc | 8.50% | 141.66 | 2.45% |
| Microsoft Corp | 7.32% | 267.70 | 3.42% |
| Alphabet Inc Class A | 5.54% | 2359.50 | 5.11% |
| Broadcom Inc | 4.62% | 509.09 | 2.52% |
| Texas Instruments Inc | 4.53% | 155.95 | 3.18% |
| UnitedHealth Group Inc | 4.10% | 495.64 | -0.83% |
| Booking Holdings Inc | 4.03% | 1931.05 | 5.23% |
| The Home Depot Inc | 3.88% | 283.00 | 2.75% |
| Mastercard Inc Class A | 3.72% | 330.50 | 4.34% |
| Medtronic PLC | 3.57% | 90.22 | 1.75% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | Upgrade |
| Administration Fee | -- |
| Performance Fee | -- |
| Switching Fee | -- |
| Transaction Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
Basic Info
| Investment Strategy | |
| The investment seeks long-term capital appreciation. The fund invests in a portfolio of equity securities and writes (sells) call options on those securities. Under normal circumstances, the fund writes (sells) call options on at least 80% of the fund's total assets. The fund normally writes (sells) covered call options listed on U.S. exchanges on the equity securities held by the fund to seek to lower the overall volatility of the fund's portfolio, protect the fund from market declines, and generate income. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | FRCEX |
| Equity Style | Large Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Nontraditional Equity |
| Broad Category | Equity |
| Category Name | Derivative Income |
| Category Index | CBOE S&P 500 BuyWrite BXM |
| Prospectus Objective | Growth |
| Fund Owner Firm Name | Delaware Funds by Macquarie |
| Prospectus Benchmark Index | |
| CBOE S&P 500 BuyWrite BXM | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
| Manager Tenure | |
| Sean Hughes | 6.17 yrs |
| Wiley Angell | 6.17 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (6-24-22) | 0.62% |
| 30-Day SEC Yield (5-31-22) | Upgrade |
| 7-Day SEC Yield | -- |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 23.19 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
As of April 30, 2022
Growth Estimates
Fund Details
| Key Dates | |
| Inception Date | 4/1/2016 |
| Last Annual Report Date | 9/30/2021 |
| Last Prospectus Date | 1/28/2022 |
| Share Classes | |
| FRCCX | A |
| FRCEX | Retirement |
| Attributes | |
| Enhanced Index Fund | No |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |