Delaware Foundation® Moderate Allocation Fund

Objective

Delaware Foundation Moderate Allocation Fund seeks capital appreciation with current income as a secondary objective.

Strategy

The Fund invests in a combination of underlying securities, using an active allocation approach and representing a variety of asset classes and investment styles that are managed by the advisor.

Fund information
Inception date12/31/1997
Dividends paid (if any)Quarterly
Capital gains paid (if any)November or December
Fund identifiers
NASDAQDFFIX
CUSIP245918800

Institutional Class shares are only available to certain investors. See the prospectus for more information. 

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

Total returns may reflect waivers and/or expense reimbursements by the manager and/or distributor for some or all of the periods shown. Performance would have been lower without such waivers and reimbursements.

Average annual total return

as of month-end (08/31/2016)

as of quarter-end (06/30/2016)

YTD1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)5.60%6.26%5.69%6.78%5.63%5.13%12/31/1997
Bloomberg Barclays U.S. Aggregate Index5.86%5.97%4.37%3.24%4.89%n/a
S&P 500 Index7.82%12.55%12.30%14.69%7.51%n/a
1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)2.22%-0.64%5.29%5.11%5.51%5.01%12/31/1997
Bloomberg Barclays U.S. Aggregate Index2.21%6.00%4.06%3.76%5.13%n/a
S&P 500 Index2.46%3.99%11.66%12.10%7.42%n/a

Returns for less than one year are not annualized.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Expense ratio
Gross0.93%
Net0.90%

Net expense ratio reflects a contractual waiver of certain fees and/or expense reimbursements from July 29, 2016 through July 29, 2017. Please see the fee table in the Fund’s prospectus for more information.

Quarterly total returns @ NAV
Year1st quarter2nd quarter3rd quarter4th quarterAnnual return
20160.17%2.22%n/an/an/a
20152.39%-0.39%-5.52%2.72%-1.03%
20141.25%4.15%-1.56%0.61%4.44%
20134.87%-1.35%5.39%4.63%14.07%
20127.29%-2.31%4.74%1.73%11.67%
20113.87%1.41%-10.52%6.33%0.22%
20103.35%-6.43%9.71%4.96%11.36%
2009-5.37%13.72%13.22%4.87%27.78%
2008-5.50%-2.91%-7.33%-8.28%-22.01%
20071.14%3.75%1.27%-1.28%4.91%
20063.27%-1.78%3.62%4.84%10.19%

Institutional Class shares are only available to certain investors. See the prospectus for more information. 

Portfolio characteristics - as of 08/31/2016Idx Blend Foundation Moderate
Number of holdings1,475n/a
Portfolio turnover (last fiscal year)131%%
SEC 30-day yield with waiver (view definition)1.71%
SEC 30-day yield without waiver (view definition)1.68%
Annualized standard deviation, 3 years (view definition)7.00n/a
Asset allocations* (as of June 30, 2016)
Range Strategic policy weight Actual**
Equity asset class (total) 40-70% 60% 54.8%
U.S. equity asset class 10-40% 30% 29.7%
U.S. Large Cap Core 6.4%
U.S. Large Cap Growth 8.1%
U.S Large Cap Value 9.1%
U.S. Small Cap Core 6.1%
International equity asset class 10-40% 22% 17.0%
International Growth 7.3%
International Value 9.7%
Global real estate equity asset class 0-15% 0% 2.1%
U.S. real estate 0.0%
Global ex-U.S. real estate 2.1%
Emerging markets asset class 0-15% 7% 6.0%
Fixed income asset class (total) 30-60% 40% 45.3%
Diversified fixed income asset class 30-60% 40% 45.3%
Diversified fixed income 20-50% 38% 44.9%
Money market / cash equivalents 0-15% 2% 0.4%

*The percentages listed in this chart for "Range," "Strategic policy weight," and "Actual" represent the proportion of the Fund's assets allocated to the portfolio manager responsible for investing in a particular asset class or investment style. Each individual manager is responsible for determining how his or her assets are invested, subject to the constraints outlined in the Fund's prospectus. The "Range" and "Strategic policy weight" are as of the prospectus date.

**Total may not equal 100% due to rounding.

Top 10 equity holdings as of 08/31/2016
Holdings are as of the date indicated and subject to change.
List excludes cash and cash equivalents.
Holding% of portfolio
Samsung Electronics Co. Ltd.0.5%
Novartis AG0.5%
Microsoft Corp.0.5%
Facebook Inc.0.5%
Celgene Corp.0.5%
Alphabet Inc.0.4%
QUALCOMM Inc.0.4%
AT&T Inc.0.4%
Visa Inc.0.4%
Allergan plc0.4%
Total % Portfolio in Top 10 holdings4.5%
Distribution history - annual distributions (Institutional Class)1,2
Distributions ($ per share)
YearCapital gains3Net investment
income
20160.1170.142
20150.6320.222
20140.9630.282
20130.6520.184
20120.0000.213
20110.0000.257
20100.0000.236
20090.0000.244
20080.0690.144
20070.2020.308
20060.0290.229

1If a Fund makes a distribution from any source other than net income, it is required to provide shareholders with a notice disclosing the source of such distribution (each a "Notice"). The amounts and sources of distributions reported above and in each Notice are only estimates and are not provided for tax reporting purposes. Each Fund will send each shareholder a Form 1099 DIV for the calendar year that will provide definitive information on how to report the Fund's distributions for federal income tax purposes. The information in the table above will not be updated to reflect any subsequent recharacterization of dividends and distributions. Click here to see recent Notices pertaining to the Fund (if any).

2Information on return of capital distributions (if any) is only provided from June 1, 2014 onward.

3Includes both short- and long-term capital gains.

Institutional Class shares are only available to certain investors. See the prospectus for more information. 

Jackson Square Partners, LLC (JSP), a U.S. registered investment advisor, is the sub-advisor to the Fund's U.S. large-cap growth sleeve. As sub-advisor, JSP is responsible for day-to-day management of its portion of the Fund’s assets. Although JSP serves as sub-advisor, the investment manager, Delaware Management Company (DMC), a series of Delaware Management Business Trust, has ultimate responsibility for all investment advisory services.

Paul Grillo

Paul Grillo, CFA

Senior Vice President, Co-Chief Investment Officer — Total Return Fixed Income Strategy

Start date on the Fund: September 2008

Years of industry experience: 35

(View bio)


Sharon Hill

Sharon Hill, Ph.D.

Senior Vice President, Head of Equity Quantitative Research and Analytics

Start date on the Fund: September 2008

Years of industry experience: 18

(View bio)


Francis X. Morris

Francis X. Morris 

Senior Vice President, Chief Investment Officer — Core Equity

Start date on the Fund: May 2004

Years of industry experience: 33

(View bio)


Bob Zenouzi

Bob Zenouzi 

Senior Vice President, Chief Investment Officer — Real Estate Securities and Income Solutions (RESIS)

Start date on the Fund: September 2008

Years of industry experience: 30

(View bio)


Investment manager

Delaware Management Company, a series of Delaware Management Business Trust

Sub-advisor

Jackson Square Partners, LLC (Large-cap growth investment sleeve)


Jeff VanHarte

Jeffrey S. Van Harte, CFA

Chairman, Chief Investment Officer — Jackson Square Partners, LLC

Start date on the Fund: May 2014

Years of industry experience: 35

(View bio)


Chris Bonavico

Christopher J. Bonavico, CFA

Portfolio Manager, Equity Analyst — Jackson Square Partners, LLC

Start date on the Fund: May 2014

Years of industry experience: 28

(View bio)


Chris Ericksen

Christopher M. Ericksen, CFA

Portfolio Manager, Equity Analyst — Jackson Square Partners, LLC

Start date on the Fund: May 2014

Years of industry experience: 22

(View bio)


Daniel J. Prislin, CFA

Portfolio Manager, Equity Analyst — Jackson Square Partners, LLC

Start date on the Fund: May 2014

Years of industry experience: 22

(View bio)