Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Financials | % |
Healthcare | % |
Communication Services | % |
Industrials | % |
Consumer Discretionary | % |
Materials | % |
Consumer Staples | % |
Energy | % |
Utilities | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Alphabet Class A | % |
Amazon.com | % |
UnitedHealth Group | % |
HCA Healthcare | % |
Taiwan Semiconductor Manufacturing ADR | % |
Costco Wholesale | % |
Fiserv | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Financials | % |
Healthcare | % |
Communication Services | % |
Industrials | % |
Consumer Discretionary | % |
Materials | % |
Consumer Staples | % |
Energy | % |
Utilities | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Alphabet Class A | % |
Amazon.com | % |
UnitedHealth Group | % |
HCA Healthcare | % |
Taiwan Semiconductor Manufacturing ADR | % |
Costco Wholesale | % |
Fiserv | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Financials | % |
Healthcare | % |
Communication Services | % |
Industrials | % |
Consumer Discretionary | % |
Materials | % |
Consumer Staples | % |
Energy | % |
Utilities | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Alphabet Class A | % |
Amazon.com | % |
UnitedHealth Group | % |
HCA Healthcare | % |
Taiwan Semiconductor Manufacturing ADR | % |
Costco Wholesale | % |
Fiserv | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Financials | % |
Healthcare | % |
Communication Services | % |
Industrials | % |
Consumer Discretionary | % |
Materials | % |
Consumer Staples | % |
Energy | % |
Utilities | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Alphabet Class A | % |
Amazon.com | % |
UnitedHealth Group | % |
HCA Healthcare | % |
Taiwan Semiconductor Manufacturing ADR | % |
Costco Wholesale | % |
Fiserv | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Financials | % |
Healthcare | % |
Communication Services | % |
Industrials | % |
Consumer Discretionary | % |
Materials | % |
Consumer Staples | % |
Energy | % |
Utilities | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Alphabet Class A | % |
Amazon.com | % |
UnitedHealth Group | % |
HCA Healthcare | % |
Taiwan Semiconductor Manufacturing ADR | % |
Costco Wholesale | % |
Fiserv | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Financials | % |
Healthcare | % |
Communication Services | % |
Industrials | % |
Consumer Discretionary | % |
Materials | % |
Consumer Staples | % |
Energy | % |
Utilities | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Alphabet Class A | % |
Amazon.com | % |
UnitedHealth Group | % |
HCA Healthcare | % |
Taiwan Semiconductor Manufacturing ADR | % |
Costco Wholesale | % |
Fiserv | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
United States | % |
United Kingdom | % |
Australia | % |
France | % |
Spain | % |
Ireland | % |
Netherlands | % |
Italy | % |
Germany | % |
Japan | % |
Banking | % |
Energy | % |
Electric | % |
Consumer Non-Cyclical | % |
Finance Companies | % |
Communications | % |
Capital Goods | % |
Insurance | % |
Consumer Cyclical | % |
Technology | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
United States | % |
United Kingdom | % |
Australia | % |
France | % |
Spain | % |
Ireland | % |
Netherla nd s |
% |
Italy | % |
Germany | % |
Japan | % |
Banking | % |
Energy | % |
Electric | % |
Consumer Non-Cyclical | % |
Finance Companies | % |
Communications | % |
Capital Goods | % |
Insurance | % |
Consumer Cyclical | % |
Technology | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio hold ing s |
|
Total advisory fees paid | $ |
Portfolio turnover rate | % |
United States | % |
United Kingdom | % |
Australia | % |
France | % |
Spain | % |
Ireland | % |
Netherlands | % |
Italy | % |
Germany | % |
Japan | % |
Banking | % |
Energy | % |
Electric | % |
Consumer Non-Cyclical | % |
Finance Companies | % |
Communications | % |
Capital Goods | % |
Insurance | % |
Consumer Cyclical | % |
Technology | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
United States | % |
United Kingdom | % |
Australia | % |
France | % |
Spain | % |
Ireland | % |
Netherlands | % |
Italy | % |
Germany | % |
Japan | % |
Banking | % |
Energy | % |
Electric | % |
Consumer Non-Cyclical | % |
Finance Companies | % |
Communications | % |
Capital Goods | % |
Insurance | % |
Consumer Cyclical | % |
Technology | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
United States | % |
United Kingdom | % |
Australia | % |
France | % |
Spain | % |
Ireland | % |
Netherlands | % |
Italy | % |
Germany | % |
Ja pa n |
% |
Banking | % |
Energy | % |
Electric | % |
Consumer Non-Cyclical | % |
Finance Companies | % |
Communications | % |
Capital Goods | % |
Insurance | % |
Consumer Cyclical | % |
Technology | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio ho ld ings |
|
Total advisory fees paid | $ |
Portfolio turnover rate | % |
United States | % |
United Kingdom | % |
Australia | % |
France | % |
Spain | % |
Ireland | % |
Netherlands | % |
Italy | % |
Germany | % |
Japan | % |
Banking | % |
Energy | % |
Ele c tric |
% |
Consumer Non-Cyclical | % |
Finance Companies | % |
Communications | % |
Capital Goods | % |
Insurance | % |
Consumer Cyclical | % |
Technology | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
United States | % |
France | % |
Germany | % |
Japan | % |
India | % |
Taiwan | % |
Italy | % |
Singapore | % |
United Kingdom | % |
South Korea | % |
Information Technology | % |
Financials | % |
Healthcare | % |
Industrials | % |
Communication Services | % |
Consumer Discretionary | % |
Consumer Staples | % |
Materials | % |
Energy | % |
Utilities | % |
Microsoft | % |
NVIDIA | % |
Alphabet Class A | % |
Amazon.com | % |
Apple | % |
Taiwan Semiconductor Manufacturing | % |
Mastercard Class A | % |
Home Depot | % |
Eli Lilly & Co. | % |
Salesforce | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
United States | % |
France | % |
Germany | % |
Japan | % |
India | % |
Taiwan | % |
Italy | % |
Singapore | % |
United Kingdom | % |
South Korea | % |
Information Technology | % |
Financials | % |
Healthcare | % |
Industrials | % |
Communication Services | % |
Consumer Discretionary | % |
Consumer Staples | % |
Materials | % |
Energy | % |
Utilities | % |
Microsoft | % |
NVIDIA | % |
Alphabet Class A | % |
Amazon.com | % |
Apple | % |
Taiwan Semiconductor Manufacturing | % |
Mastercard Class A | % |
Home Depot | % |
Eli Lilly & Co. | % |
Salesforce | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
United States | % |
France | % |
Germany | % |
Japan | % |
India | % |
Taiwan | % |
Italy | % |
Singapore | % |
United Kingdom | % |
South Korea | % |
Information Technology | % |
Financials | % |
Healthcare | % |
Industrials | % |
Communication Services | % |
Consumer Discretionary | % |
Consumer Staples | % |
Materials | % |
Energy | % |
Utilities | % |
Microsoft | % |
NVIDIA | % |
Alphabet Class A | % |
Amazon.com | % |
Apple | % |
Taiwan Semiconductor Manufacturing | % |
Mastercard Class A | % |
Home Depot | % |
Eli Lilly & Co. | % |
Salesforce | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
United States | % |
France | % |
Germany | % |
Japan | % |
India | % |
Taiwan | % |
Italy | % |
Singapore | % |
United Kingdom | % |
South Korea | % |
Information Technology | % |
Financials | % |
Healthcare | % |
Industrials | % |
Communication Services | % |
Consumer Discretionary | % |
Consumer Staples | % |
Materials | % |
Energy | % |
Utilities | % |
Microsoft | % |
NVIDIA | % |
Alphabet Class A | % |
Amazon.com | % |
Apple | % |
Taiwan Semiconductor Manufacturing | % |
Mastercard Class A | % |
Home Depot | % |
Eli Lilly & Co. | % |
Salesforce | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
United States | % |
France | % |
Germany | % |
Japan | % |
India | % |
Taiwan | % |
Italy | % |
Singapore | % |
United Kingdom | % |
South Korea | % |
Information Technology | % |
Financials | % |
Healthcare | % |
Industrials | % |
Communication Services | % |
Consumer Discretionary | % |
Consumer Staples | % |
Materials | % |
Energy | % |
Utilities | % |
Microsoft | % |
NVIDIA | % |
Alphabet Class A | % |
Amazon.com | % |
Apple | % |
Taiwan Semiconductor Manufacturing | % |
Mastercard Class A | % |
Home Depot | % |
Eli Lilly & Co. | % |
Salesforce | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
United States | % |
France | % |
Germany | % |
Japan | % |
India | % |
Taiwan | % |
Italy | % |
Singapore | % |
United Kingdom | % |
South Korea | % |
Information Technology | % |
Financials | % |
Healthcare | % |
Industrials | % |
Communication Services | % |
Consumer Discretionary | % |
Consumer Staples | % |
Materials | % |
Energy | % |
Utilities | % |
Microsoft | % |
NVIDIA | % |
Alphabet Class A | % |
Amazon.com | % |
Apple | % |
Taiwan Semiconductor Manufacturing | % |
Mastercard Class A | % |
Home Depot | % |
Eli Lilly & Co. | % |
Salesforce | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualiz ed |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Energy | % |
Media | % |
Basic Industry | % |
Healthcare | % |
Telecommunications | % |
Capital Goods | % |
Leisure | % |
Services | % |
Technology & Electronics | % |
Financial Services | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Energy | % |
Media | % |
Basic Industry | % |
Healthcare | % |
Telecommunications | % |
Capital Goods | % |
Leisure | % |
Services | % |
Technology & Electronics | % |
Financial Services | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Energy | % |
Media | % |
Basic Industry | % |
Healthcare | % |
Telecommunications | % |
Capital Goods | % |
Leisure | % |
Services | % |
Technology & Electronics | % |
Financial Services | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Energy | % |
Media | % |
Basic Industry | % |
Healthcare | % |
Telecommunications | % |
Capital Goods | % |
Leisure | % |
Services | % |
Technology & Electronics | % |
Financial Services | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Energy | % |
Media | % |
Basic Industry | % |
Healthcare | % |
Telecommunications | % |
Capital Goods | % |
Leisure | % |
Services | % |
Technology & Electronics | % |
Financial Services | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Energy | % |
Media | % |
Basic Industry | % |
Healthcare | % |
Telecommunications | % |
Capital Goods | % |
Leisure | % |
Services | % |
Technology & Electronics | % |
Financial Services | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
France | % |
Japan | % |
Germany | % |
China | % |
United Kingdom | % |
India | % |
Netherlands | % |
South Korea | % |
Brazil | % |
Taiwan | % |
Financials | % |
Industrials | % |
Consumer Discretionary | % |
Information Technology | % |
Healthcare | % |
Communication Services | % |
Consumer Staples | % |
Materials | % |
Energy | % |
Utilities | % |
Taiwan Semiconductor Manufacturing |
% |
MercadoLibre | % |
SAP | % |
Airbus | % |
KB Financial Group | % |
Thales | % |
Sea ADR | % |
Banco Bilbao Vizcaya Argentaria | % |
HDFC Bank | % |
Deutsche Telekom | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
France | % |
Japan | % |
Germany | % |
China | % |
United Kingdom | % |
India | % |
Netherlands | % |
South Korea | % |
Brazil | % |
Taiwan | % |
Financials | % |
Industrials | % |
Consumer Discretionary | % |
Information Technology | % |
Healthcare | % |
Communication Services | % |
Consumer Staples | % |
Materials | % |
Energy | % |
Utilities | % |
Taiwan Semiconductor Manufacturing | % |
MercadoLibre | % |
SAP | % |
Airbus | % |
KB Financial Group | % |
Thales | % |
Sea ADR | % |
Banco Bilbao Vizcaya Argentaria | % |
HDFC Bank | % |
Deutsche Telekom | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
France | % |
Japan | % |
Germany | % |
China | % |
United Kingdom | % |
India | % |
Netherlands | % |
South Korea | % |
Brazil | % |
Taiwan | % |
Financials | % |
Industrials | % |
Consumer Discretionary | % |
Information Technology | % |
Healthcare | % |
Communication Services | % |
Consumer Staples | % |
Materials | % |
Energy | % |
Utilities | % |
Taiwan Semiconductor Manufacturing | % |
MercadoLibre | % |
SAP | % |
Airbus | % |
KB Financial Group | % |
Thales | % |
Sea ADR | % |
Banco Bilbao Vizcaya Argentaria | % |
HDFC Bank | % |
Deutsche Telekom | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
France | % |
Japan | % |
Germany | % |
China | % |
United Kingdom | % |
India | % |
Netherlands | % |
South Korea | % |
Brazil | % |
Taiwan | % |
Financials | % |
Industrials | % |
Consumer Discretionary | % |
Information Technology | % |
Healthcare | % |
Communication Services | % |
Consumer Staples | % |
Materials | % |
Energy | % |
Utilities | % |
Taiwan Semiconductor Manufacturing | % |
MercadoLibre | % |
SAP | % |
Airbus | % |
KB Financial Group | % |
Thales | % |
Sea ADR | % |
Banco Bilbao Vizcaya Argentaria | % |
HDFC Bank | % |
Deutsche Telekom | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
France | % |
Japan | % |
Germany | % |
China | % |
United Kingdom | % |
India | % |
Netherlands | % |
South Korea | % |
Brazil | % |
Taiwan | % |
Financials | % |
Industrials | % |
Consumer Discretionary | % |
Information Technology | % |
Healthcare | % |
Communication Services | % |
Consumer Staples | % |
Materials | % |
Energy | % |
Utilities | % |
Taiwan Semiconductor Manufacturing | % |
MercadoLibre | % |
SAP | % |
Airbus | % |
KB Financial Group | % |
Thales | % |
Sea ADR | % |
Banco Bilbao Vizcaya Argentaria | % |
HDFC Bank | % |
Deutsche Telekom | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
France | % |
Japan | % |
Germany | % |
China | % |
United Kingdom | % |
India | % |
Netherlands | % |
South Korea | % |
Brazil | % |
Taiwan | % |
Financials | % |
Industrials | % |
Consumer Discretionary | % |
Information Technology | % |
Healthcare | % |
Communication Services | % |
Consumer Staples | % |
Materials | % |
Energy | % |
Utilities | % |
Taiwan Semiconductor Manufacturing | % |
MercadoLibre | % |
SAP | % |
Airbus | % |
KB Financial Group | % |
Thales | % |
Sea ADR | % |
Banco Bilbao Vizcaya Argentaria | % |
HDFC Bank | % |
Deutsche Telekom | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Healthcare | % |
Financials | % |
Consumer Discretionary | % |
Communication Services | % |
Industrials | % |
Real Estate | % |
Consumer Staples | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Amazon.com | % |
Alphabet Class A | % |
Visa Class A | % |
UnitedHealth Group | % |
Intercontinental Exchange | % |
Motorola Solutions | % |
Danaher | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Healthcare | % |
Financials | % |
Consumer Discretionary | % |
Communication Services | % |
Industrials | % |
Real Estate | % |
Consumer Staples | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Amazon.com | % |
Alphabet Class A | % |
Visa Class A | % |
UnitedHealth Group | % |
Intercontinental Exchange | % |
Motorola Solutions | % |
Danaher | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Healthcare | % |
Financials | % |
Consumer Discretionary | % |
Communication Services | % |
Industrials | % |
Real Estate | % |
Consumer Staples | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Amazon.com | % |
Alphabet Class A | % |
Visa Class A | % |
UnitedHealth Group | % |
Intercontinental Exchange | % |
Motorola Solutions | % |
Danaher | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Healthcare | % |
Financials | % |
Consumer Discretionary | % |
Communication Services | % |
Industrials | % |
Real Estate | % |
Consumer Staples | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Amazon.com | % |
Alphabet Class A | % |
Visa Class A | % |
UnitedHealth Group | % |
Intercontinental Exchange | % |
Motorola Solutions | % |
Danaher | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Healthcare | % |
Financials | % |
Consumer Discretionary | % |
Communication Services | % |
Industrials | % |
Real Estate | % |
Consumer Staples | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Amazon.com | % |
Alphabet Class A | % |
Visa Class A | % |
UnitedHealth Group | % |
Intercontinental Exchange | % |
Motorola Solutions | % |
Danaher | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Healthcare | % |
Financials | % |
Consumer Discretionary | % |
Communication Services | % |
Industrials | % |
Real Estate | % |
Consumer Staples | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Amazon.com | % |
Alphabet Class A | % |
Visa Class A | % |
UnitedHealth Group | % |
Intercontinental Exchange | % |
Motorola Solutions | % |
Danaher | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Healthcare | % |
Industrials | % |
Consumer Discretionary | % |
Financials | % |
Communication Services | % |
Real Estate | % |
Consumer Staples | % |
Materials | % |
CoStar Group | % |
Floor & Decor Holdings Class A | % |
Trade Desk Class A | % |
MarketAxess Holdings | % |
Monolithic Power Systems | % |
IDEXX Laboratories | % |
Pinterest Class A | % |
Pool | % |
HEICO Class A | % |
Veeva Systems Class A | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Healthcare | % |
Industrials | % |
Consumer Discretionary | % |
Financials | % |
Communication Services | % |
Real Estate | % |
Consumer Staples | % |
Materials | % |
CoStar Group | % |
Floor & Decor Holdings Class A | % |
Trade Desk Class A | % |
MarketAxess Holdings | % |
Monolithic Power Systems | % |
IDEXX Laboratories | % |
Pinterest Class A | % |
Pool | % |
HEICO Class A | % |
Veeva Systems Class A | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Healthcare | % |
Industrials | % |
Consumer Discretionary | % |
Financials | % |
Communication Services | % |
Real Estate | % |
Consumer Staples | % |
Materials | % |
CoStar Group | % |
Floor & Decor Holdings Class A | % |
Trade Desk Class A | % |
MarketAxess Holdings | % |
Monolithic Power Systems | % |
IDEXX Laboratories | % |
Pinterest Class A | % |
Pool | % |
HEICO Class A | % |
Veeva Systems Class A | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Healthcare | % |
Industrials | % |
Consumer Discretionary | % |
Financials | % |
Communication Services | % |
Real Estate | % |
Consumer Staples | % |
Materials | % |
CoStar Group | % |
Floor & Decor Holdings Class A | % |
Trade Desk Class A | % |
MarketAxess Holdings | % |
Monolithic Power Systems | % |
IDEXX Laboratories | % |
Pinterest Class A | % |
Pool | % |
HEICO Class A | % |
Veeva Systems Class A | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Healthcare | % |
Industrials | % |
Consumer Discretionary | % |
Financials | % |
Communication Services | % |
Real Estate | % |
Consumer Staples | % |
Materials | % |
CoStar Group | % |
Floor & Decor Holdings Class A | % |
Trade Desk Class A | % |
MarketAxess Holdings | % |
Monolithic Power Systems | % |
IDEXX Laboratories | % |
Pinterest Class A | % |
Pool | % |
HEICO Class A | % |
Veeva Systems Class A | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Healthcare | % |
Industrials | % |
Consumer Discretionary | % |
Financials | % |
Communication Services | % |
Real Estate | % |
Consumer Staples | % |
Materials | % |
CoStar Group | % |
Floor & Decor Holdings Class A | % |
Trade Desk Class A | % |
MarketAxess Holdings | % |
Monolithic Power Systems | % |
IDEXX Laboratories | % |
Pinterest Class A | % |
Pool | % |
HEICO Class A | % |
Veeva Systems Class A | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Industrials | % |
Consumer Discretionary | % |
Materials | % |
Financials | % |
Information Technology | % |
Healthcare | % |
Consumer Staples | % |
Real Estate | % |
L3Harris Technologies | % |
Extra Space Storage | % |
Tractor Supply | % |
First American Financial | % |
Levi Strauss & Co. Class A | % |
Broadridge Financial Solutions | % |
Arthur J Gallagher & Co. | % |
Rollins | % |
Stanley Black & Decker | % |
TE Connectivity | % |
C l ass |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Industrials | % |
Consumer Discretionary | % |
Materials | % |
Financials | % |
Information Technology | % |
Healthcare | % |
Consumer Staples | % |
Real Estate | % |
L3Harris Technologies | % |
Extra Space Storage | % |
Tractor Supply | % |
First American Financial | % |
Levi Strauss & Co. Class A | % |
Broadridge Financial Solutions | % |
Arthur J Gallagher & Co. | % |
Rollins | % |
Stanley Black & Decker | % |
TE Connectivity | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Industrials | % |
Consumer Discretionary | |
Materials | % |
Financials | % |
Information Technology | % |
Healthcare | % |
Consumer Staples | |
Real Estate | % |
L3Harris Technologies | % |
Extra Space Storage | % |
Tractor Supply | % |
First American Financial | % |
Levi Strauss & Co. Class A | % |
Broadridge Financial Solutions | % |
Arthur J Gallagher & Co. | % |
Rollins | % |
Stanley Black & Decker | % |
TE Connectivity | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Industrials | % |
Consumer Discretionary | % |
Materials | % |
Financials | % |
Information Technology | % |
Healthcare | % |
Consumer Staples | % |
Real Estate | % |
L3Harris Technologies | % |
Extra Space Storage | % |
Tractor Supply | % |
First American Financial | % |
Levi Strauss & Co. Class A | % |
Broadridge Financial Solutions | % |
Arthur J Gallagher & Co. | % |
Rollins | % |
Stanley Black & Decker | % |
TE Connectivity | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Industrials | % |
Consumer Discretionary | % |
Materials | % |
Financials | % |
Information Technology | % |
Healthcare | % |
Consumer Staples | % |
Real Estate | % |
L3Harris Technologies | % |
Extra Space Storage | % |
Tractor Supply | % |
First American Financial | % |
Levi Strauss & Co. Class A | % |
Broadridge Financial Solutions | % |
Arthur J Gallagher & Co. | % |
Rollins | % |
Stanley Black & Decker | % |
TE Connectivity | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Industrials | % |
Consumer Discretionary | % |
Materials | % |
Financials | % |
Information Technology | % |
Healthcare | % |
Consumer Staples | % |
Real Estate | % |
L3Harris Technologies | % |
Extra Space Storage | % |
Tractor Supply | % |
First American Financial | % |
Levi Strauss & Co. Class A | % |
Broadridge Financial Solutions | % |
Arthur J Gallagher & Co. | % |
Rollins | % |
Stanley Black & Decker | % |
TE Connectivity | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Healthcare | % |
Information Technology | % |
Industrials | % |
Consumer Discretionary | % |
Financials | % |
Materials | % |
Consumer Staples | % |
Communication Services | % |
Energy | % |
CyberArk Software | % |
Parsons | % |
Federal Signal |
% |
ATI | % |
Clean Harbors | % |
Varonis Systems | % |
Verra Mobility | % |
Integer Holdings | % |
Red Rock Resorts Class A | % |
Vericel | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Healthcare | % |
Information Technology | % |
Industrials | % |
Consumer Discretionary | % |
Financials | % |
Materials | % |
Consumer Staples | % |
Communication Services | % |
Energy | % |
CyberArk Software | % |
Parsons | % |
Federal Signal | % |
ATI | % |
Clean Harbors | % |
Varonis Systems | % |
Verra Mobility | % |
Integer Holdings | % |
Red Rock Resorts Class A | % |
Vericel | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Healthcare | % |
Information Technology | % |
Industrials | % |
Consumer Discretionary | % |
Financials | % |
Materials | % |
Consumer Staples | % |
Communication Services | % |
Energy | % |
CyberArk Software | % |
Parsons | % |
Federal Signal | % |
ATI | % |
Clean Harbors | % |
Varonis Systems | % |
Verra Mobility | % |
Integer Holdings | % |
Red Rock Resorts Class A | % |
Vericel | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Healthcare | % |
Information Technology | % |
Industrials | % |
Consumer Discretionary | % |
Financials | % |
Materials | % |
Consumer Staples | % |
Communication Services | % |
Energy | % |
CyberArk Software | % |
Parsons | % |
Federal Signal | % |
ATI | % |
Clean Harbors | % |
Varonis Systems | % |
Verra Mobility | % |
Integer Holdings | % |
Red Rock Resorts Class A | % |
Vericel | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment* |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Healthcare | % |
Information Technology | % |
Industrials | % |
Consumer Discretionary | % |
Financials | % |
Materials | % |
Consumer Staples | % |
Communication Services | % |
Energy | % |
CyberArk Software | % |
Parsons | % |
Federal Signal | % |
ATI | % |
Clean Harbors | % |
Varonis Systems | % |
Verra Mobility | % |
Integer Holdings | % |
Red Rock Resorts Class A | % |
Vericel | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Healthcare | % |
Information Technology | % |
Industrials | % |
Consumer Discretionary | % |
Financials | % |
Materials | % |
Consumer Staples |
% |
Communication Services | % |
Energy | % |
CyberArk Software | % |
Parsons | % |
Federal Signal | % |
ATI | % |
Clean Harbors | % |
Varonis Systems | % |
Verra Mobility | % |
Integer Holdings | % |
Red Rock Resorts Class A | % |
Vericel | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Finance | % |
Technology | % |
Healthcare | % |
Capital Goods | % |
Real Estate Investment Trusts | % |
Basic Materials | % |
Business Services | % |
Energy | % |
Consumer Discretionary | % |
Credit Cyclicals | % |
East West Bancorp | % |
Chesapeake Energy | % |
Boise Cascade | % |
Carlisle | % |
Casey's General Stores | % |
Liberty Energy | % |
Webster Financial | % |
Stifel Financial | % |
Steven Madden | % |
Guidewire Software | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Finance | % |
Technology | % |
Healthcare | % |
Capital Goods | % |
Real Estate Investment Trusts | % |
Basic Materials | % |
Business Services | % |
Energy | % |
Consumer Discretionary | % |
Credit Cyclicals | % |
East West Bancorp | % |
Chesapeake Energy | % |
Boise Cascade | % |
Carlisle | % |
Casey's General Stores | % |
Liberty Energy | % |
Webster Financial | % |
Stifel Financial | % |
Steven Madden | % |
Guidewire Software | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Finance | % |
Technology | % |
Healthcare | % |
Capital Goods | % |
Real Estate Investment Trusts | % |
Basic Materials | % |
Business Services | % |
Energy | % |
Consumer Discretionary | % |
Credit Cyclicals | % |
East West Bancorp | % |
Chesapeake Energy | % |
Boise Cascade | % |
Carlisle | % |
Casey's General Stores | % |
Liberty Energy | % |
Webster Financial | % |
Stifel Financial | % |
Steven Madden | % |
Guidewire Software | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Finance | % |
Technology | % |
Healthcare | % |
Capital Goods | % |
Real Estate Investment Trusts | % |
Basic Materials | % |
Business Services | % |
Energy | % |
Consumer Discretionary | % |
Credit Cyclicals | % |
East West Bancorp | % |
Chesapeake Energy | % |
Boise Cascade | % |
Carlisle | % |
Casey's General Stores | % |
Liberty Energy | % |
Webster Financial | % |
Stifel Financial | % |
Steven Madden | % |
Guidewire Software | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Finance | % |
Technology | % |
Healthcare | % |
Capital Goods | % |
Real Estate Investment Trusts | % |
Basic Materials | % |
Business Services | % |
Energy | % |
Consumer Discretionary | % |
Credit Cyclicals | % |
East West Bancorp | % |
Chesapeake Energy | % |
Boise Cascade | % |
Carlisle | % |
Casey's General Stores | % |
Liberty Energy | % |
Webster Financial | % |
Stifel Financial | % |
Steven Madden | % |
Guidewire Software | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Finance | % |
Technology | % |
Healthcare | % |
Capital Goods | % |
Real Estate Investment Trusts | % |
Basic Materials | % |
Business Services | % |
Energy | % |
Consumer Discretionary | % |
Credit Cyclicals | % |
East West Bancorp | % |
Chesapeake Energy | % |
Boise Cascade | % |
Carlisle | % |
Casey's General Stores | % |
Liberty Energy | % |
Webster Financial | % |
Stifel Financial | % |
Steven Madden | % |
Guidewire Software | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
China | % |
India | % |
Taiwan | % |
South Korea | % |
Indonesia | % |
Brazil | % |
South Africa | % |
Türkiye | % |
Mexico | % |
Saudi Arabia | % |
Information Technology | % |
Financials | % |
Consumer Discretionary | % |
Communication Services | % |
Energy | % |
Industrials | % |
Consumer Staples | % |
Healthcare | % |
Materials | % |
Utilities | % |
Real Estate | % |
Taiwan Semiconductor Manufacturing | % |
Tencent Holdings | % |
Samsung Electronics | % |
ICICI Bank | % |
Infosys | % |
NetEase | % |
Tata Consultancy Services | % |
Hero MotoCorp | % |
Alibaba Group Holding | % |
Bank Central Asia | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
China | % |
India | % |
Taiwan | % |
South Korea | % |
Indonesia | % |
Brazil | % |
South Africa | % |
Türkiye | % |
Mexico | % |
Saudi Arabia | % |
Information Technology | % |
Financials | % |
Consumer Discretionary | % |
Communication Services | % |
Energy | % |
Industrials | % |
Consumer Staples | % |
Healthcare | % |
Materials | % |
Utilities | % |
Real Estate | % |
Taiwan Semiconductor Manufacturing | % |
Tencent Holdings | % |
Samsung Electronics | % |
ICICI Bank | % |
Infosys | % |
NetEase | % |
Tata Consultancy Services | % |
Hero MotoCorp | % |
Alibaba Group Holding | % |
Bank Central Asia | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
China | % |
India | % |
Taiwan | % |
South Korea | % |
Indonesia | % |
Brazil | % |
South Africa | % |
Türkiye | % |
Mexico | % |
Saudi Arabia | % |
Information Technology | % |
Financials | % |
Consumer Discretionary | % |
Communication Services | % |
Energy | % |
Industrials | % |
Consumer Staples | % |
Healthcare | % |
Materials | % |
Utilities | % |
Real Estate | % |
Taiwan Semiconductor Manufacturing | % |
Tencent Holdings | % |
Samsung Electronics | % |
ICICI Bank | % |
Infosys | % |
NetEase | % |
Tata Consultancy Services | % |
Hero MotoCorp | % |
Alibaba Group Holding | % |
Bank Central Asia | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
China | % |
India | % |
Taiwan | % |
South Korea | % |
Indonesia | % |
Brazil | % |
South Africa | % |
Türkiye | % |
Mexico | % |
Saudi Arabia | % |
Information Technology | % |
Financials | % |
Consumer Discretionary | % |
Communication Services | % |
Energy | % |
Industrials | % |
Consumer Staples | % |
Healthcare | % |
Materials | % |
Utilities | % |
Real Estate | % |
Taiwan Semiconductor Manufacturing | % |
Tencent Holdings | % |
Samsung Electronics | % |
ICICI Bank | % |
Infosys | % |
NetEase | % |
Tata Consultancy Services | % |
Hero MotoCorp | % |
Alibaba Group Holding | % |
Bank Central Asia | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
China | % |
India | % |
Taiwan | % |
South Korea | % |
Indonesia | % |
Brazil | % |
South Africa | % |
Türkiye | % |
Mexico | % |
Saudi Arabia | % |
Information Technology | % |
Financials | % |
Consumer Discretionary | % |
Communication Services | % |
Energy | % |
Industrials | % |
Consumer Staples | % |
Healthcare | % |
Materials | % |
Utilities | % |
Real Estate | % |
Taiwan Semiconductor Manufacturing | % |
Tencent Holdings | % |
Samsung Electronics | % |
ICICI Bank | % |
Infosys | % |
NetEase | % |
Tata Consultancy Services | % |
Hero MotoCorp | % |
Alibaba Group Holding | % |
Bank Central Asia | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
China | % |
India | % |
Taiwan | % |
South Korea | % |
Indonesia | % |
Brazil | % |
South Africa | % |
Türkiye | % |
Mexico | % |
Saudi Arabia | % |
Information Technology | % |
Financials | % |
Consumer Discretionary | % |
Communication Services | % |
Energy | % |
Industrials | % |
Consumer Staples | % |
Healthcare | % |
Materials | % |
Utilities | % |
Real Estate | % |
Taiwan Semiconductor Manufacturing | % |
Tencent Holdings | % |
Samsung Electronics | % |
ICICI Bank | % |
Infosys | % |
NetEase | % |
Tata Consultancy Services | % |
Hero MotoCorp | % |
Alibaba Group Holding | % |
Bank Central Asia | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Utilities | % |
Industrials | % |
Materials | % |
Energy | % |
Information Technology | % |
Real Estate | % |
Consumer Staples | % |
First Solar | % |
Cummins | % |
Alcoa | % |
Kingspan Group | % |
Anglo American | % |
Schneider Electric | % |
Waste Management | % |
Weyerhaeuser | % |
Ameren | % |
CMS Energy | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Utilities | % |
Industrials | % |
Materials | % |
Energy | % |
Information Technology | % |
Real Estate | % |
Consumer Staples | % |
First Solar | % |
Cummins | % |
Alcoa | % |
Kingspan Group | % |
Anglo American | % |
Schneider Electric | % |
Waste Management | % |
Weyerhaeuser | % |
Ameren | % |
CMS Energy | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Utilities | % |
Industrials | % |
Materials | % |
Energy | % |
Information Technology | % |
Real Estate | % |
Consumer Staples | % |
First Solar | % |
Cummins | % |
Alcoa | % |
Kingspan Group | % |
Anglo American | % |
Schneider Electric | % |
Waste Management |
% |
Weyerhaeuser | % |
Ameren | % |
CMS Energy | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Utilities | % |
Industrials | % |
Materials | % |
Energy | % |
Information Technology | % |
Real Estate | % |
Consumer Staples | % |
First Solar | % |
Cummins | % |
Alcoa | % |
Kingspan Group | % |
Anglo American | % |
Schneider Electric | % |
Waste Management | % |
Weyerhaeuser | % |
Ameren | % |
CMS Energy | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Utilities | % |
Industrials | % |
Materials | % |
Energy | % |
Information Technology | % |
Real Estate | % |
Consumer Staples | % |
First Solar | % |
Cummins | % |
Alcoa | % |
Kingspan Group | % |
Anglo American | % |
Schneider Electric | % |
Waste Management | % |
Weyerhaeuser | % |
Ameren | % |
CMS Energy | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Utilities | % |
Industrials | % |
Materials | % |
Energy | % |
Information Technology | % |
Real Estate | % |
Consumer Staples | % |
First Solar | % |
Cummins | % |
Alcoa | % |
Kingspan Group | % |
Anglo American | % |
Schneider Electric | % |
Waste Management | % |
Weyerhaeuser | % |
Ameren | % |
CMS Energy | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Common Stocks | % |
Corporate Bonds | % |
Bullion | % |
Agency Mortgage-Backed Securities | % |
Short-Term Investments | % |
Loan Agreements | % |
Exchange-Traded Funds | % |
Non-Agency Commercial Mortgage-Backed Securities | % |
US Treasury Obligations | % |
Non-Agency Collateralized Mortgage Obligations | % |
Microsoft | % |
NVIDIA | % |
Alphabet Class A |
% |
Amazon.com | % |
Apple | % |
Taiwan Semiconductor Manufacturing | % |
Mastercard Class A |
% |
Home Depot | % |
Eli Lilly & Co. | % |
Salesforce | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Common Stocks | % |
Corporate Bonds | % |
Bullion | % |
Agency Mortgage-Backed Securities | % |
Short-Term Investments | % |
Loan Agreements | % |
Exchange-Traded Funds | % |
Non-Agency Commercial Mortgage-Backed Securities | % |
US Treasury Obligations | % |
Non-Agency Collateralized Mortgage Obligations | % |
Microsoft | % |
NVIDIA | % |
Alphabet Class A |
% |
Amazon.com | % |
Apple | % |
Taiwan Semiconductor Manufacturing | % |
Mastercard Class A |
% |
Home Depot | % |
Eli Lilly & Co. | % |
Salesforce | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Common Stocks | % |
Corporate Bonds | % |
Bullion | % |
Agency Mortgage-Backed Securities | % |
Short-Term Investments | % |
Loan Agreements | % |
Exchange-Traded Funds | % |
Non-Agency Commercial Mortgage-Backed Securities | % |
US Treasury Obligations | % |
Non-Agency Collateralized Mortgage Obligations | % |
Microsoft | % |
NVIDIA | % |
Alphabet Class A |
% |
Amazon.com | % |
Apple | % |
Taiwan Semiconductor Manufacturing | % |
Mastercard Class A |
% |
Home Depot | % |
Eli Lilly & Co. | % |
Salesforce | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Common Stocks | % |
Corporate Bonds | % |
Bullion | % |
Agency Mortgage-Backed Securities | % |
Short-Term Investments | % |
Loan Agreements | % |
Exchange-Traded Funds | % |
Non-Agency Commercial Mortgage-Backed Securities | % |
US Treasury Obligations | % |
Non-Agency Collateralized Mortgage Obligations | % |
Microsoft | % |
NVIDIA | % |
Alphabet Class A |
% |
Amazon.com | % |
Apple | % |
Taiwan Semiconductor Manufacturing | % |
Mastercard Class A |
% |
Home Depot | % |
Eli Lilly & Co. | % |
Salesforce | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Common Stocks | % |
Corporate Bonds | % |
Bullion | % |
Agency Mortgage-Backed Securities | % |
Short-Term Investments | % |
Loan Agreements | % |
Exchange-Traded Funds | % |
Non-Agency Commercial Mortgage-Backed Securities | % |
US Treasury Obligations | % |
Non-Agency Collateralized Mortgage Obligations | % |
Microsoft | % |
NVIDIA | % |
Alphabet Class A |
% |
Amazon.com | % |
Apple | % |
Taiwan Semiconductor Manufacturing | % |
Mastercard Class A |
% |
Home Depot | % |
Eli Lilly & Co. | % |
Salesforce | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Common Stocks | % |
Corporate Bonds | % |
Bullion | % |
Agency Mortgage-Backed Securities | % |
Short-Term Investments | % |
Loan Agreements | % |
Exchange-Traded Funds | % |
Non-Agency Commercial Mortgage-Backed Securities | % |
US Treasury Obligations | % |
Non-Agency Collateralized Mortgage Obligations | % |
Microsoft | % |
NVIDIA | % |
Alphabet Class A |
% |
Amazon.com | % |
Apple | % |
Taiwan Semiconductor Manufacturing | % |
Mastercard Class A |
% |
Home Depot | % |
Eli Lilly & Co. | % |
Salesforce | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Common Stocks | % |
Corporate Bonds | % |
Agency Mortgage-Backed Securities | % |
US Treasury Obligations | % |
Short-Term Investments | % |
Non-Agency Commercial Mortgage-Backed Securities | % |
Exchange-Traded Fund | % |
Non-Agency Asset-Backed Securities | % |
Agency Collateralized Mortgage Obligations | % |
Non-Agency Collateralized Mortgage Obligations | % |
Loan Agreements | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Amazon.com | % |
UnitedHealth Group | % |
HCA Healthcare | % |
Alphabet Class A |
% |
Taiwan Semiconductor Manufacturing ADR | % |
Costco Wholesale | % |
Fiserv | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Common Stocks | % |
Corporate Bonds | % |
Agency Mortgage-Backed Securities | % |
US Treasury Obligations | % |
Short-Term Investments | % |
Non-Agency Commercial Mortgage-Backed Securities | % |
Exchange-Traded Fund | % |
Non-Agency Asset-Backed Securities | % |
Agency Collateralized Mortgage Obligations | % |
Non-Agency Collateralized Mortgage Obligations | % |
Loan Agreements | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Amazon.com | % |
UnitedHealth Group | % |
HCA Healthcare | % |
Alphabet Class A |
% |
Taiwan Semiconductor Manufacturing ADR | % |
Costco Wholesale | % |
Fiserv | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Common Stocks | % |
Corporate Bonds | % |
Agency Mortgage-Backed Securities | % |
US Treasury Obligations | % |
Short-Term Investments | % |
Non-Agency Commercial Mortgage-Backed Securities | % |
Exchange-Traded Fund | % |
Non-Agency Asset-Backed Securities | % |
Agency Collateralized Mortgage Obligations | % |
Non-Agency Collateralized Mortgage Obligations | % |
Loan Agreements | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Amazon.com | % |
UnitedHealth Group | % |
HCA Healthcare | % |
Alphabet Class A |
% |
Taiwan Semiconductor Manufacturing ADR | % |
Costco Wholesale | % |
Fiserv | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Common Stocks | % |
Corporate Bonds | % |
Agency Mortgage-Backed Securities | % |
US Treasury Obligations | % |
Short-Term Investments | % |
Non-Agency Commercial Mortgage-Backed Securities | % |
Exchange-Traded Fund | % |
Non-Agency Asset-Backed Securities | % |
Agency Collateralized Mortgage Obligations | % |
Non-Agency Collateralized Mortgage Obligations | % |
Loan Agreements | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Amazon.com | % |
UnitedHealth Group | % |
HCA Healthcare | % |
Alphabet Class A |
% |
Taiwan Semiconductor Manufacturing ADR | % |
Costco Wholesale | % |
Fiserv | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Common Stocks | % |
Corporate Bonds | % |
Agency Mortgage-Backed Securities | % |
US Treasury Obligations | % |
Short-Term Investments | % |
Non-Agency Commercial Mortgage-Backed Securities | % |
Exchange-Traded Fund | % |
Non-Agency Asset-Backed Securities | % |
Agency Collateralized Mortgage Obligations | % |
Non-Agency Collateralized Mortgage Obligations | % |
Loan Agreements | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Amazon.com | % |
UnitedHealth Group | % |
HCA Healthcare | % |
Alphabet Class A |
% |
Taiwan Semiconductor Manufacturing ADR | % |
Costco Wholesale | % |
Fiserv | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Common Stocks | % |
Corporate Bonds | % |
Agency Mortgage-Backed Securities | % |
US Treasury Obligations | % |
Short-Term Investments | % |
Non-Agency Commercial Mortgage-Backed Securities | % |
Exchange-Traded Fund | % |
Non-Agency Asset-Backed Securities | % |
Agency Collateralized Mortgage Obligations | % |
Non-Agency Collateralized Mortgage Obligations | % |
Loan Agreements | % |
Microsoft | % |
NVIDIA | % |
Apple | % |
Amazon.com | % |
UnitedHealth Group | % |
HCA Healthcare | % |
Alphabet Class A |
% |
Taiwan Semiconductor Manufacturing ADR | % |
Costco Wholesale | % |
Fiserv | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Oil & Gas Exploration & Production | % |
Gold | % |
Diversified Metals & Mining | % |
Fertilizers & Agricultural Chemicals | % |
Integrated Oil & Gas | % |
Construction Materials | % |
Oil & Gas Equipment & Services | % |
Forest Products | % |
Aluminum | % |
Copper | % |
Newmont | % |
Shell | % |
CF Industries Holdings | % |
Anglo American | % |
CRH | % |
Schlumberger | % |
Wheaton Precious Metals | % |
Hudbay Minerals | % |
Alcoa | % |
Endeavour Mining | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Oil & Gas Exploration & Production | % |
Gold | % |
Diversified Metals & Mining | % |
Fertilizers & Agricultural Chemicals | % |
Integrated Oil & Gas | % |
Construction Materials | % |
Oil & Gas Equipment & Services | % |
Forest Products | % |
Aluminum | % |
Copper | % |
Newmont | % |
Shell | % |
CF Industries Holdings | % |
Anglo American | % |
CRH | % |
Schlumberger | % |
Wheaton Precious Metals | % |
Hudbay Minerals | % |
Alcoa | % |
Endeavour Mining | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Oil & Gas Exploration & Production | % |
Gold | % |
Diversified Metals & Mining | % |
Fertilizers & Agricultural Chemicals | % |
Integrated Oil & Gas | % |
Construction Materials | % |
Oil & Gas Equipment & Services | % |
Forest Products | % |
Aluminum | % |
Copper | % |
Newmont | % |
Shell | % |
CF Industries Holdings | % |
Anglo American | % |
CRH | % |
Schlumberger | % |
Wheaton Precious Metals | % |
Hudbay Minerals | % |
Alcoa | % |
Endeavour Mining | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment* |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Oil & Gas Exploration & Production | % |
Gold | % |
Diversified Metals & Mining | % |
Fertilizers & Agricultural Chemicals | % |
Integrated Oil & Gas | % |
Construction Materials | % |
Oil & Gas Equipment & Services | % |
Forest Products | % |
Aluminum | % |
Copper | % |
Newmont | % |
Shell | % |
CF Industries Holdings | % |
Anglo American | % |
CRH | % |
Schlumberger | % |
Wheaton Precious Metals | % |
Hudbay Minerals | % |
Alcoa | % |
Endeavour Mining | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Oil & Gas Exploration & Production | % |
Gold | % |
Diversified Metals & Mining | % |
Fertilizers & Agricultural Chemicals | % |
Integrated Oil & Gas | % |
Construction Materials | % |
Oil & Gas Equipment & Services | % |
Forest Products | % |
Aluminum | % |
Copper | % |
Newmont | % |
Shell | % |
CF Industries Holdings | % |
Anglo American | % |
CRH | % |
Schlumberger | % |
Wheaton Precious Metals | % |
Hudbay Minerals | % |
Alcoa | % |
Endeavour Mining | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Oil & Gas Exploration & Production | % |
Gold | % |
Diversified Metals & Mining | % |
Fertilizers & Agricultural Chemicals | % |
Integrated Oil & Gas | % |
Construction Materials | % |
Oil & Gas Equipment & Services | % |
Forest Products | % |
Aluminum | % |
Copper | % |
Newmont | % |
Shell | % |
CF Industries Holdings | % |
Anglo American | % |
CRH | % |
Schlumberger | % |
Wheaton Precious Metals | % |
Hudbay Minerals | % |
Alcoa | % |
Endeavour Mining | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Communication Services | % |
Consumer Discretionary | % |
Healthcare | % |
Industrials | % |
Meta Platforms Class A | % |
NVIDIA | % |
Microsoft | % |
Seagate Technology Holdings | % |
Broadcom | % |
Zebra Technologies Class A | % |
Amazon.com | % |
SAP ADR | % |
Taiwan Semiconductor Manufacturing ADR | % |
ASML Holding | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Communication Services | % |
Consumer Discretionary | % |
Healthcare | % |
Industrials | % |
Meta Platforms Class A | % |
NVIDIA | % |
Microsoft | % |
Seagate Technology Holdings | % |
Broadcom | % |
Zebra Technologies Class A | % |
Amazon.com | % |
SAP ADR | % |
Taiwan Semiconductor Manufacturing ADR | % |
ASML Holding | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Communication Services | % |
Consumer Discretionary | % |
Healthcare | % |
Industrials | % |
Meta Platforms Class A | % |
NVIDIA | % |
Microsoft | % |
Seagate Technology Holdings | % |
Broadcom | % |
Zebra Technologies Class A | % |
Amazon.com | % |
SAP ADR | % |
Taiwan Semiconductor Manufacturing ADR | % |
ASML Holding | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Communication Services | % |
Consumer Discretionary | % |
Healthcare | % |
Industrials | % |
Meta Platforms Class A | % |
NVIDIA | % |
Microsoft | % |
Seagate Technology Holdings | % |
Broadcom | % |
Zebra Technologies Class A | % |
Amazon.com | % |
SAP ADR | % |
Taiwan Semiconductor Manufacturing ADR | % |
ASML Holding | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Communication Services | % |
Consumer Discretionary | % |
Healthcare | % |
Industrials | % |
Meta Platforms Class A | % |
NVIDIA | % |
Microsoft | % |
Seagate Technology Holdings | % |
Broadcom | % |
Zebra Technologies Class A | % |
Amazon.com | % |
SAP ADR | % |
Taiwan Semiconductor Manufacturing ADR | % |
ASML Holding | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
Information Technology | % |
Communication Services | % |
Consumer Discretionary | % |
Healthcare | % |
Industrials | % |
Meta Platforms Class A | % |
NVIDIA | % |
Microsoft | % |
Seagate Technology Holdings | % |
Broadcom | % |
Zebra Technologies Class A | % |
Amazon.com | % |
SAP ADR | % |
Taiwan Semiconductor Manufacturing ADR | % |
ASML Holding | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class A | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
REIT Healthcare | % |
REIT Data Center | % |
REIT Retail | % |
REIT Multifamily | % |
REIT Industrial | % |
REIT Single Family | % |
REIT Self-Storage | % |
REIT Specialty | % |
REIT Diversified | % |
REIT Hotel | % |
Equinix | % |
Welltower | % |
Public Storage | % |
Agree Realty | % |
AvalonBay Communities | % |
VICI Properties | % |
Prologis | % |
Invitation Homes | % |
Alexandria Real Estate Equities |
% |
Digital Realty Trust | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class C | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
REIT Healthcare | % |
REIT Data Center | % |
REIT Retail | % |
REIT Multifamily | % |
REIT Industrial | % |
REIT Single Family | % |
REIT Self-Storage | % |
REIT Specialty | % |
REIT Diversified | % |
REIT Hotel | % |
Equinix | % |
Welltower | % |
Public Storage | % |
Agree Realty | % |
AvalonBay Communities | % |
VICI Properties | % |
Prologis | % |
Invitation Homes | % |
Alexandria Real Estate Equities | % |
Digital Realty Trust | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class I | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
REIT Healthcare | % |
REIT Data Center | % |
REIT Retail | % |
REIT Multifamily | % |
REIT Industrial | % |
REIT Single Family | % |
REIT Self-Storage | % |
REIT Specialty | % |
REIT Diversified | % |
REIT Hotel | % |
Equinix | % |
Welltower | % |
Public Storage | % |
Agree Realty | % |
AvalonBay Communities | % |
VICI Properties | % |
Prologis | % |
Invitation Homes | % |
Alexandria Real Estate Equities | % |
Digital Realty Trust | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
REIT Healthcare | % |
REIT Data Center | % |
REIT Retail | % |
REIT Multifamily | % |
REIT Industrial | % |
REIT Single Family | % |
REIT Self-Storage | % |
REIT Specialty | % |
REIT Diversified | % |
REIT Hotel | % |
Equinix | % |
Welltower | % |
Public Storage | % |
Agree Realty | % |
AvalonBay Communities | % |
VICI Properties | % |
Prologis | % |
Invitation Homes | % |
Alexandria Real Estate Equities |
% |
Digital Realty Trust | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class R6 | $ |
% |
* | Annualized |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
REIT Healthcare | % |
REIT Data Center | % |
REIT Retail | % |
REIT Multifamily | % |
REIT Industrial | % |
REIT Single Family | % |
REIT Self-Storage | % |
REIT Specialty | % |
REIT Diversified | % |
REIT Hotel | % |
Equinix | % |
Welltower | % |
Public Storage | % |
Agree Realty | % |
AvalonBay Communities | % |
VICI Properties | % |
Prologis | % |
Invitation Homes | % |
Alexandria Real Estate Equities |
% |
Digital Realty Trust | % |
Class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment * |
Class Y | $ |
% |
* | Annualized |
Fund ne t assets |
$ |
Total number of portfolio holdings | |
Total advisory fees paid | $ |
Portfolio turnover rate | % |
REIT Healthcare | % |
REIT Data Center | % |
REIT Retail | % |
REIT Multifamily | % |
REIT Industrial | % |
REIT Single Family | % |
REIT Self-Storage | % |
REIT Specialty | % |
REIT Diversified | % |
REIT Hotel | % |
Equinix | % |
Welltower | % |
Public Storage | % |
Agree Realty | % |
AvalonBay Communities | % |
VICI Properties | % |
Prologis | % |
Invitation Homes | % |
Alexandria Real Estate Equities | % |
Digital Realty Trust | % |
(b) | Not applicable |
Item 2. Code of Ethics.
Not applicable.
Item 3. Audit Committee Financial Expert.
Not applicable.
Item 4. Principal Accountant Fees and Services.
Not applicable.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments.
(a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the Financial Statements filed under Item 7 of this form. |
(b) | Not applicable. |
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
(a) | An open-end management investment company registered on Form N-1A [17 CFR 239.15A and 17 CFR 274.11A] must file its most recent annual or semi-annual financial statements required, and for the periods specified, by Regulation S-X. |
The semi-annual financial statements are attached herewith.
(b) | An open-end management investment company registered on Form N-1A [17 CFR 239.15A and 17 CFR 274.11A] must file the information required by Item 13 of Form N-1A. |
The Financial Highlights are attached herewith.
1 | |
38 | |
44 | |
50 | |
62 | |
128 | |
168 |
♦ | Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance purposes. |
† | Non-income producing security. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
Forward Foreign Currency Exchange Contracts | ||||||||||||
Counterparty | Currency to Receive (Deliver) |
In Exchange For | Settlement Date |
Unrealized Appreciation |
Unrealized Depreciation | |||||||
CITI | AUD | (550,000) | USD | 371,588 | 11/22/24 | $— | $(8,909) | |||||
CITI | CAD | (1,675,000) | USD | 1,231,175 | 11/22/24 | — | (8,964) | |||||
CITI | EUR | (5,900,000) | USD | 6,550,797 | 11/22/24 | — | (31,216) | |||||
CITI | GBP | (23,181,000) | USD | 30,150,241 | 11/22/24 | — | (839,333) | |||||
JPMCB | EGP | 449,791 | USD | (9,014) | 10/30/24 | 181 | — | |||||
JPMCB | EUR | (4,470,620) | USD | 4,974,954 | 12/13/24 | — | (16,732) | |||||
JPMCB | INR | 193,236,718 | USD | (2,293,638) | 12/13/24 | 3,989 | — | |||||
JPMCB | JPY | 500,000,000 | USD | (3,516,896) | 11/22/24 | — | (12,660) | |||||
JPMCB | KZT | 513,796,250 | USD | (1,049,313) | 12/13/24 | 6,866 | — | |||||
TD | AUD | (59,961,214) | USD | 40,341,504 | 11/22/24 | — | (1,140,444) | |||||
TD | CAD | (850,000) | USD | 626,816 | 11/22/24 | — | (2,508) | |||||
TD | EUR | (109,936,659) | USD | 122,210,537 | 11/22/24 | — | (434,296) | |||||
TD | GBP | (7,800,000) | USD | 10,387,420 | 11/22/24 | — | (40,028) | |||||
TD | JPY | (1,811,915,000) | USD | 12,547,654 | 11/22/24 | — | (151,103) | |||||
Total Forward Foreign Currency Exchange Contracts | $11,036 | $(2,686,193) |
Futures Contracts Exchange-Traded | |||||||||||||
Contracts to Buy (Sell) | Notional Amount |
Notional Cost (Proceeds) |
Expiration Date |
Value/ Unrealized Appreciation |
Value/ Unrealized Depreciation |
Variation Margin Due from (Due to) Brokers | |||||||
(1,056) | Australian 3 yr Treasury Bonds | $(78,247,769) | $(78,402,045) | 12/16/24 | $154,276 | $— | $(1,748) | ||||||
185 | Australian 10 yr Treasury Bonds | 14,887,054 | 14,992,294 | — | (105,240) | 367 | |||||||
195 | Canadian Treasury 10 yr Bonds | 18,024,289 | 17,923,808 | 12/18/24 | 100,481 | — | 228 | ||||||
4 | E-mini Japanese Treasury 10 yr Bonds | 402,463 | 401,748 | 12/12/24 | 715 | — | 8 | ||||||
577 | Euro-Bobl | 77,106,620 | 76,506,830 | 12/6/24 | 599,790 | — | 1,788 | ||||||
(66) | Euro-BTP | (8,924,146) | (8,781,723) | 12/6/24 | — | (142,423) | 36 | ||||||
(207) | Euro-Bund | (31,088,543) | (30,982,466) | 12/6/24 | — | (106,077) | 13 | ||||||
23 | Euro-Buxl | 3,489,102 | 3,452,614 | 12/6/24 | 36,488 | — | 127 | ||||||
(126) | Euro-OAT | (17,790,185) | (17,712,815) | 12/6/24 | — | (77,370) | (417) | ||||||
544 | Euro-Schatz | 64,900,207 | 64,578,047 | 12/6/24 | 322,160 | — | 720 | ||||||
3 | Japanese Treasury 10 yr Bonds | 3,019,308 | 3,013,261 | 12/13/24 | 6,047 | — | (175) | ||||||
(22) | Long 10 yr Gilt | (2,895,112) | (2,942,699) | 12/27/24 | 47,587 | — | 1 | ||||||
(99) | Short Euro-BTP | (11,865,433) | (11,782,531) | 12/6/24 | — | (82,902) | 10 | ||||||
(92) | US Treasury 2 yr Notes | (19,158,281) | (19,189,360) | 12/31/24 | 31,079 | — | — | ||||||
559 | US Treasury 5 yr Notes | 61,424,492 | 61,602,710 | 12/31/24 | — | (178,218) | — | ||||||
(285) | US Treasury 10 yr Notes | (32,570,157) | (32,624,433) | 12/19/24 | 54,276 | — | — | ||||||
(214) | US Treasury 10 yr Ultra Notes | (25,315,532) | (25,491,704) | 12/19/24 | 176,172 | — | — | ||||||
58 | US Treasury Long Bonds | 7,202,875 | 7,238,218 | 12/19/24 | — | (35,343) | — | ||||||
(34) | US Treasury Ultra Bonds | (4,525,188) | (4,555,378) | 12/19/24 | 30,190 | — | — | ||||||
Total Futures Contracts | $17,244,376 | $1,559,261 | $(727,573) | $958 |
CDS Contracts2 | ||||||||||||
Counterparty/ Reference Obligation/ Termination Date/ Payment Frequency |
Notional Amount3 |
Annual Protection Payments |
Value | Amortized Upfront Payments Paid (Received) |
Unrealized Appreciation4 |
Unrealized Depreciation4 | ||||||
Over-The-Counter: | ||||||||||||
Protection Purchased/Moody’s Ratings: | ||||||||||||
JPMCB Republic of Indonesia 1.00% 12/20/28 Baa2 6/20/28- Quarterly | 4,033,000 | 1.000% | $(69,697) | $(17,242) | $— | $(52,455) |
Counterparty/ Reference Obligation/ Termination Date/ Payment Frequency |
Notional Amount3 |
Annual Protection Payments |
Value | Amortized Upfront Payments Paid (Received) |
Unrealized Appreciation4 |
Unrealized Depreciation4 | ||||||
Over-The-Counter (continued): |
||||||||||||
Protection Purchased/Moody’s Ratings (continued): | ||||||||||||
JPMCB Republic of South Africa 1.00% 12/20/28 Ba2 6/20/28- Quarterly | 2,272,000 | 1.000% | $17,924 | $97,882 | $— | $(79,958) | ||||||
JPMCB Republic of South Africa 1.00% 9/20/28 Ba2 6/20/28- Quarterly | 1,494,000 | 1.000% | 11,787 | 68,027 | — | (56,240) | ||||||
Total CDS Contracts | $(39,986) | $148,667 | $— | $(188,653) |
IRS Contracts5 | ||||||||||||||
Reference Obligation/ Termination Date/ Payment Frequency (Fixed Rate/ Floating Rate) |
Notional Amount3 | Fixed/ Floating Interest Rate Paid (Received) |
Value | Amortized Upfront Payments Paid (Received) |
Unrealized Appreciation4 |
Unrealized Depreciation4 |
Variation Margin Due from (Due to) Brokers | |||||||
Centrally Cleared: | ||||||||||||||
2 yr IRS6 3/15/26- (Annually/At Maturity) |
23,000,000 | (4.401)%/ 5.503% |
$256,319 | $(16,005) | $272,324 | $— | $(30,590) | |||||||
2 yr IRS7 6/18/26- (Annually/At Maturity) |
EUR 27,000,000 | 2.856%/ (3.513)% |
(352,206) | (600) | — | (351,606) | (3,752) | |||||||
2 yr IRS8 8/15/26- (At Maturity/At Maturity) |
JPY 18,500,000,000 | 0.479%/ (4.30)% |
65,711 | — | 65,711 | — | 18,936 | |||||||
3 yr IRS9 3/7/27- (Annually/At Maturity) |
GBP 12,430,000 | 3.739%/ (4.950)% |
28,677 | 1,596 | 27,081 | — | 19,635 | |||||||
3 yr IRS10 7/30/27- (Semi Annually/At Maturity) |
CAD 75,000,000 | (3.301)%/ 4.450% |
917,062 | — | 917,062 | — | 1,822 | |||||||
4 yr IRS11 9/16/28- (Annually/At Maturity) |
SEK 575,000,000 | 1.875%/ (3.25)% |
22,985 | — | 22,985 | — | (4,754) | |||||||
4 yr IRS12 9/16/28- (Semi Annually/At Maturity) |
NOK 600,000,000 | (3.086)%/ 4.73% |
(233,818) | — | — | (233,818) | 4,371 | |||||||
5 yr IRS6 4/23/29- (Annually/At Maturity) |
10,650,000 | (4.397)%/ 5.354% |
510,219 | — | 510,219 | — | (24,547) | |||||||
5 yr IRS9 6/25/29- (Annually/At Maturity) |
GBP 22,000,000 | (3.886)%/ 5.078% |
307,718 | — | 307,718 | — | (47,737) |
IRS Contracts5 | ||||||||||||||
Reference Obligation/ Termination Date/ Payment Frequency (Fixed Rate/ Floating Rate) |
Notional Amount3 | Fixed/ Floating Interest Rate Paid (Received) |
Value | Amortized Upfront Payments Paid (Received) |
Unrealized Appreciation4 |
Unrealized Depreciation4 |
Variation Margin Due from (Due to) Brokers | |||||||
Centrally Cleared (continued): | ||||||||||||||
5 yr IRS7 10/11/29- (Annually/At Maturity) |
EUR 10,190,000 | (2.125)%/ 3.513% |
$75,541 | $— | $75,541 | $— | $6,727 | |||||||
9 yr IRS7 8/15/33- (Annually/At Maturity) |
EUR 1,740,000 | (2.577)%/ 3.513% |
64,126 | 31,000 | 33,126 | — | 2,006 | |||||||
12 yr IRS9 3/07/36- (Annually/At Maturity) |
GBP 2,850,000 | (3.842)%/ 4.950% |
61,577 | 21,180 | 40,397 | — | (5,765) | |||||||
13 yr IRS9 9/07/37- (Annually/At Maturity) |
GBP 1,760,000 | (3.559)%/ 4.950% |
(27,527) | — | — | (27,527) | (3,155) | |||||||
30 yr IRS6 4/23/54- (Annually/At Maturity) |
5,330,000 | 3.932%/ (5.354)% |
(616,460) | (188,599) | — | (427,861) | 8,812 | |||||||
Total IRS Contracts | $1,079,924 | $(151,428) | $2,272,164 | $(1,040,812) | $(57,991) |
1 | See Note 8 in “Notes to financial statements.” |
Summary of abbreviations: (continued) |
BTP – Buoni del Tesoro Poliennali |
CITI – Citigroup |
CORRA – Canadian Overnight Repo Rate Average |
DAC – Designated Activity Company |
ESTR – Euro Short-Term Rate |
GNMA – Government National Mortgage Association |
JPMCB – JPMorgan Chase Bank |
JSC – Joint Stock Company |
NIBOR – Norwegian Interbank Offered Rate |
OAT – Obligations Assimilables du Trésor |
S.F. – Single Family |
SOFR – Secured Overnight Financing Rate |
SOFR01M – Secured Overnight Financing Rate 1 Month |
SOFR03M – Secured Overnight Financing Rate 3 Month |
SONIA – Sterling Overnight Indexed Average |
STIBOR – Stockholm Interbank Offered Rate |
TD – TD Bank |
yr – Year |
Summary of currencies: |
AUD – Australian Dollar |
BRL – Brazilian Real |
CAD – Canadian Dollar |
EGP – Egypt Pound |
EUR – European Monetary Unit |
GBP – British Pound Sterling |
IDR – Indonesian Rupiah |
INR – Indian Rupee |
JPY – Japanese Yen |
KZT – Kazakhstani Tenge |
MXN – Mexican Peso |
NOK – Norwegian Krone |
SEK – Swedish Krona |
USD – US Dollar |
Number of shares |
Value (US $) | ||
Preferred Stock — 0.60%Δ | |||
Brazil — 0.60% | |||
Petroleo Brasileiro 12.88% ω | 869,818 | $ 5,760,786 | |
Total Preferred Stock (cost $5,641,392) |
5,760,786 |
Short-Term Investments — 1.39% | |||
Money Market Mutual Funds — 1.39% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.83%) | 3,322,881 | 3,322,881 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.83%) | 3,322,881 | 3,322,881 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.89%) | 3,322,881 | 3,322,881 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.83%) | 3,322,881 | 3,322,881 | |
Total Short-Term Investments (cost $13,291,524) |
13,291,524 | ||
Total Value of Securities—100.34% (cost $680,219,522) |
$958,867,537 |
Δ | Securities have been classified by country of risk. |
† | Non-income producing security. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At September 30, 2024, the aggregate value of Rule 144A securities was $11,128,976, which represents 1.16% of the Fund’s net assets. See Note 11 in “Notes to financial statements.” |
ω | Perpetual security with no stated maturity date. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
Restricted Securities | ||||||
Investments | Date of Acquisition | Cost | Value | |||
ASG Warrant | 5/30/18 | $1,206,000 | $— | |||
BIS Industries Holdings | 12/22/17 | 1,852,487 | — | |||
Larchmont Resources | 12/8/16 | — | 260,224 | |||
New Cotai PIK | 2/7/22 | 24,317,558 | 66,964,959 | |||
New Cotai | 9/29/20 | 194,451,977 | 21,969,596 | |||
Studio City International Holdings | 8/5/20 | 23,370,959 | 29,046,188 | |||
True Religion Apparel | 10/19/20 | 17,881,282 | 15,096,083 | |||
True Religion Apparel 6.25% | 10/19/20 | 6,748,583 | 2,050,430 | |||
Westmoreland Coal | 3/15/19 | 3,179 | 7,417 | |||
Total | $269,832,025 | $135,394,897 |
Summary of abbreviations: |
ADR – American Depositary Receipt |
CLO – Collateralized Loan Obligation |
DAC – Designated Activity Company |
LNG – Liquefied Natural Gas |
PIK – Payment-in-kind |
SOFR – Secured Overnight Financing Rate |
SOFR01M – Secured Overnight Financing Rate 1 Month |
SOFR03M – Secured Overnight Financing Rate 3 Month |
TBD – To be determined |
TSFR03M – 3 Month Term Secured Overnight Financing Rate |
USD – US Dollar |
Number of shares |
Value (US $) | ||
Common StocksΔ (continued) | |||
United Kingdom (continued) | |||
Rentokil Initial | 4,004,418 | $ 19,508,907 | |
126,795,291 | |||
United States — 3.76% | |||
Freshworks Class A † | 875,806 | 10,054,253 | |
Roche Holding | 104,281 | 33,341,335 | |
Stellantis | 1,255,175 | 17,328,050 | |
60,723,638 | |||
Total Common Stocks (cost $1,280,882,919) |
1,597,295,975 | ||
Short-Term Investments — 1.51% | |||
Money Market Mutual Funds — 1.51% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.83%) | 6,101,824 | 6,101,824 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.83%) | 6,101,824 | 6,101,824 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.89%) | 6,101,825 | 6,101,825 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.83%) | 6,101,824 | 6,101,824 | |
Total Short-Term Investments (cost $24,407,297) |
24,407,297 | ||
Total Value of Securities—100.35% (cost $1,305,290,216) |
$1,621,703,272 |
Δ | Securities have been classified by country of risk. |
† | Non-income producing security. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At September 30, 2024, the aggregate value of Rule 144A securities was $69,953,891, which represents 4.33% of the Fund’s net assets. See Note 11 in “Notes to financial statements.” |
Summary of abbreviations: |
ADR – American Depositary Receipt |
Number of shares |
Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.89%) | 9,540,872 | $ 9,540,872 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.83%) | 9,540,872 | 9,540,872 | |
Total Short-Term Investments (cost $38,163,488) |
38,163,488 | ||
Total Value of Securities—100.08% (cost $5,270,566,793) |
$6,679,400,016 |
♦ | Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance purposes. |
† | Non-income producing security. |
Number of shares |
Value (US $) | ||
Common Stocks (continued) | |||
Materials (continued) | |||
ATI † | 577,340 | $ 38,629,819 | |
49,043,308 | |||
Total Common Stocks (cost $991,433,795) |
1,303,511,221 | ||
Short-Term Investments — 0.18% | |||
Money Market Mutual Funds — 0.18% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.83%) | 589,487 | 589,487 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.83%) | 589,487 | 589,487 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.89%) | 589,487 | 589,487 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.83%) | 589,487 | 589,487 | |
Total Short-Term Investments (cost $2,357,948) |
2,357,948 | ||
Total Value of Securities—99.78% (cost $993,791,743) |
$1,305,869,169 |
† | Non-income producing security. |
Delaware Ivy Core Equity Fund |
Delaware Ivy Global Bond Fund |
Delaware Ivy Global Growth Fund |
Delaware Ivy High Income Fund | ||||
Assets: | |||||||
Investments, at value* | $3,887,741,106 | $501,675,989 | $958,867,537 | $2,652,639,796 | |||
Investments of affiliated issuers, at value** | — | — | — | 129,830,650 | |||
Foreign currencies, at valueΔ | — | 307,177 | 1,074,726 | — | |||
Cash | — | 1,162,414 | 82,661 | 8,104,231 | |||
Cash collateral due from brokers | — | 7,460,583 | — | — | |||
Receivable for fund shares sold | 3,857,998 | 635,092 | 1,155,339 | 3,182,341 | |||
Dividends and interest receivable | 1,387,598 | 4,826,832 | 986,191 | 43,218,102 | |||
Prepaid expenses | 110,577 | 79,959 | 82,903 | 95,573 | |||
Foreign tax reclaims receivable | 110,173 | — | 2,497,695 | — | |||
Receivable for securities sold | — | 2,404,717 | 1,999,708 | 7,893,816 | |||
Variation margin due from broker on futures contracts | — | 958 | — | — | |||
Unrealized appreciation on forward foreign currency exchange contracts | — | 11,036 | — | — | |||
Upfront payments paid on over-the-counter credit default swap contracts | — | 148,667 | — | — | |||
Other assets | 39,792 | 11,894 | 18,320 | 58,518 | |||
Total Assets | 3,893,247,244 | 518,725,318 | 966,765,080 | 2,845,023,027 | |||
Liabilities: | |||||||
Options written, at valueΣ | — | 38,391 | — | — | |||
Payable for fund shares redeemed | 6,647,589 | 634,681 | 1,792,823 | 8,473,732 | |||
Payable for securities purchased | 2,294,633 | 3,007,181 | 6,202,102 | 79,002,175 | |||
Investment management fees payable to affiliates | 1,928,164 | 195,252 | 543,107 | 999,713 | |||
Other accrued expenses | 1,230,394 | 218,342 | 61,014 | 922,100 | |||
Distribution fees payable to affiliates | 610,800 | 22,109 | 142,654 | 384,673 | |||
Distribution payable | — | — | — | 321,152 | |||
Unrealized depreciation on forward foreign currency exchange contracts | — | 2,686,193 | — | — | |||
Variation margin due to brokers on centrally cleared interest rate swap contracts | — | 57,991 | — | — | |||
Unrealized depreciation on over-the-counter credit default swap contracts | — | 188,653 | — | — | |||
Accrued capital gains taxes on appreciated securities | — | — | 1,299,560 | — | |||
Due to brokers | — | 34,667 | — | — | |||
IRS compliance fee for foreign withholding tax claims (see Note 1) | — | — | 1,099,577 | — | |||
Total Liabilities | 12,711,580 | 7,083,460 | 11,140,837 | 90,103,545 | |||
Total Net Assets | $3,880,535,664 | $511,641,858 | $955,624,243 | $2,754,919,482 | |||
Net Assets Consist of: | |||||||
Paid-in capital | $1,580,869,337 | $606,295,775 | $633,980,061 | $4,717,413,685 | |||
Total distributable earnings (loss) | 2,299,666,327 | (94,653,917) | 321,644,182 | (1,962,494,203) | |||
Total Net Assets | $3,880,535,664 | $511,641,858 | $955,624,243 | $2,754,919,482 | |||
Delaware Ivy Core Equity Fund |
Delaware Ivy Global Bond Fund |
Delaware Ivy Global Growth Fund |
Delaware Ivy High Income Fund | ||||
Net Asset Value | |||||||
Class A: | |||||||
Net assets | $2,918,562,343 | $98,416,124 | $696,356,653 | $1,363,149,543 | |||
Shares of beneficial interest outstanding, unlimited authorization, no par | 154,429,326 | 10,495,625 | 18,769,615 | 220,143,389 | |||
Net asset value per share | $18.90 | $9.38 | $37.10 | $6.19 | |||
Sales charge | 5.75% | 4.50% | 5.75% | 4.50% | |||
Offering price per share, equal to net asset value per share / (1 - sales charge) | $20.05 | $9.82 | $39.36 | $6.48 | |||
Class C: | |||||||
Net assets | $19,369,277 | $1,562,980 | $3,797,959 | $100,910,373 | |||
Shares of beneficial interest outstanding, unlimited authorization, no par | 1,426,436 | 166,895 | 171,616 | 16,295,089 | |||
Net asset value per share | $13.58 | $9.37 | $22.13 | $6.19 | |||
Class I: | |||||||
Net assets | $833,154,250 | $215,491,059 | $234,514,039 | $1,097,866,527 | |||
Shares of beneficial interest outstanding, unlimited authorization, no par | 35,773,401 | 23,022,281 | 5,978,800 | 177,282,395 | |||
Net asset value per share | $23.29 | $9.36 | $39.22 | $6.19 | |||
Class R: | |||||||
Net assets | $175,276 | $952,864 | $1,012,720 | $35,183,268 | |||
Shares of beneficial interest outstanding, unlimited authorization, no par | 9,437 | 101,963 | 28,270 | 5,681,666 | |||
Net asset value per share | $18.57 | $9.35 | $35.82 | $6.19 | |||
Class R6: | |||||||
Net assets | $78,519,140 | $193,312,430 | $16,824,764 | $105,157,457 | |||
Shares of beneficial interest outstanding, unlimited authorization, no par | 3,359,488 | 20,659,668 | 427,492 | 16,976,880 | |||
Net asset value per share | $23.37 | $9.36 | $39.36 | $6.19 | |||
Class Y: | |||||||
Net assets | $30,755,378 | $1,906,401 | $3,118,108 | $52,652,314 | |||
Shares of beneficial interest outstanding, unlimited authorization, no par | 1,396,781 | 203,401 | 83,201 | 8,506,755 | |||
Net asset value per share | $22.02 | $9.37 | $37.48 | $6.19 | |||
*Investments, at cost |
$1,954,432,063 | $487,262,103 | $680,219,522 | $2,685,000,318 | |||
**Investments of affiliated issuers, at cost | — | — | — | 293,097,092 | |||
ΔForeign currencies, at cost | — | 409,680 | 1,093,355 | — | |||
ΣOptions written, premium received | — | (126,555) | — | — |
Delaware Ivy International Core Equity Fund |
Delaware Ivy Large Cap Growth Fund |
Delaware Ivy Mid Cap Growth Fund |
Delaware Ivy Mid Cap Income Opportunities Fund | ||||
Assets: | |||||||
Investments, at value* | $1,621,703,272 | $8,381,982,193 | $6,679,400,016 | $1,139,415,467 | |||
Foreign currencies, at valueΔ | 9,757,908 | — | — | — | |||
Cash | 224,589 | 48,720,253 | — | — | |||
Receivable for securities sold | 35,277,436 | — | 2,452,798 | — | |||
Foreign tax reclaims receivable | 11,288,666 | 151,525 | — | 51,500 | |||
Dividends and interest receivable | 2,478,766 | 3,471,195 | 1,274,132 | 863,659 | |||
Receivable for fund shares sold | 1,372,051 | 12,623,987 | 8,333,140 | 2,769,017 | |||
Prepaid expenses | 79,794 | 198,674 | 127,864 | 89,040 | |||
Other assets | 3,738 | 59,378 | 34,924 | — | |||
Total Assets | 1,682,186,220 | 8,447,207,205 | 6,691,622,874 | 1,143,188,683 | |||
Liabilities: | |||||||
Payable for securities purchased | 56,057,144 | — | — | 9,294,369 | |||
Accrued capital gains taxes on appreciated securities | 5,834,718 | — | — | — | |||
Payable for fund shares redeemed | 2,395,577 | 20,798,875 | 12,205,495 | 4,474,166 | |||
Investment management fees payable to affiliates | 775,255 | 3,504,570 | 3,389,951 | 604,099 | |||
IRS compliance fee for foreign withholding tax claims (see Note 1) | 557,376 | — | — | — | |||
Other accrued expenses | 366,738 | 1,257,479 | 1,431,973 | 426,660 | |||
Distribution fees payable to affiliates | 132,283 | 757,613 | 545,870 | 53,829 | |||
Total Liabilities | 66,119,091 | 26,318,537 | 17,573,289 | 14,853,123 | |||
Total Net Assets | $1,616,067,129 | $8,420,888,668 | $6,674,049,585 | $1,128,335,560 | |||
Net Assets Consist of: | |||||||
Paid-in capital | $1,297,706,928 | $3,267,546,319 | $4,462,486,573 | $666,294,045 | |||
Total distributable earnings (loss) | 318,360,201 | 5,153,342,349 | 2,211,563,012 | 462,041,515 | |||
Total Net Assets | $1,616,067,129 | $8,420,888,668 | $6,674,049,585 | $1,128,335,560 | |||
Delaware Ivy International Core Equity Fund |
Delaware Ivy Large Cap Growth Fund |
Delaware Ivy Mid Cap Growth Fund |
Delaware Ivy Mid Cap Income Opportunities Fund | ||||
Net Asset Value | |||||||
Class A: | |||||||
Net assets | $460,084,706 | $3,351,184,546 | $2,048,052,669 | $159,916,971 | |||
Shares of beneficial interest outstanding, unlimited authorization, no par | 21,034,876 | 93,530,486 | 73,089,783 | 7,812,899 | |||
Net asset value per share | $21.87 | $35.83 | $28.02 | $20.47 | |||
Sales charge | 5.75% | 5.75% | 5.75% | 5.75% | |||
Offering price per share, equal to net asset value per share / (1 - sales charge) | $23.20 | $38.02 | $29.73 | $21.72 | |||
Class C: | |||||||
Net assets | $17,362,520 | $65,427,060 | $87,493,562 | $16,591,076 | |||
Shares of beneficial interest outstanding, unlimited authorization, no par | 916,960 | 2,701,819 | 4,425,192 | 812,323 | |||
Net asset value per share | $18.93 | $24.22 | $19.77 | $20.42 | |||
Class I: | |||||||
Net assets | $822,318,191 | $4,606,322,883 | $3,045,413,184 | $832,949,720 | |||
Shares of beneficial interest outstanding, unlimited authorization, no par | 37,204,000 | 116,793,693 | 93,990,405 | 40,668,471 | |||
Net asset value per share | $22.10 | $39.44 | $32.40 | $20.48 | |||
Class R: | |||||||
Net assets | $40,900,075 | $35,877,847 | $56,964,690 | $12,335,573 | |||
Shares of beneficial interest outstanding, unlimited authorization, no par | 1,874,110 | 1,090,733 | 2,167,572 | 603,263 | |||
Net asset value per share | $21.82 | $32.89 | $26.28 | $20.45 | |||
Class R6: | |||||||
Net assets | $237,994,229 | $320,285,927 | $1,228,249,975 | $92,929,857 | |||
Shares of beneficial interest outstanding, unlimited authorization, no par | 10,728,743 | 8,038,415 | 37,373,688 | 4,536,869 | |||
Net asset value per share | $22.18 | $39.84 | $32.86 | $20.48 | |||
Class Y: | |||||||
Net assets | $37,407,408 | $41,790,405 | $207,875,505 | $13,612,363 | |||
Shares of beneficial interest outstanding, unlimited authorization, no par | 1,695,978 | 1,117,543 | 6,880,543 | 661,039 | |||
Net asset value per share | $22.06 | $37.39 | $30.21 | $20.59 | |||
*Investments, at cost |
$1,305,290,216 | $3,521,332,080 | $5,270,566,793 | $768,178,124 | |||
ΔForeign currencies, at cost | 9,946,192 | — | — | — |
Delaware Ivy Small Cap Growth Fund |
Delaware Ivy Smid Cap Core Fund |
Delaware Ivy Systematic Emerging Markets Equity Fundφ | |||
Assets: | |||||
Investments, at value* | $1,305,869,169 | $353,827,377 | $744,181,417 | ||
Foreign currencies, at valueΔ | — | — | 165,298 | ||
Cash | — | — | 290,540 | ||
Receivable for securities sold | 10,560,181 | 344,880 | — | ||
Receivable for fund shares sold | 1,630,346 | 209,925 | 656,118 | ||
Dividends and interest receivable | 114,303 | 229,526 | 1,526,602 | ||
Prepaid expenses | 79,124 | 65,815 | 76,585 | ||
Foreign tax reclaims receivable | — | — | 3,510 | ||
Other assets | 1,461 | — | — | ||
Total Assets | 1,318,254,584 | 354,677,523 | 746,900,070 | ||
Liabilities: | |||||
Payable for securities purchased | 5,368,346 | 770,407 | — | ||
Payable for fund shares redeemed | 2,581,822 | 564,249 | 1,118,090 | ||
Investment management fees payable to affiliates | 744,633 | 191,476 | 294,734 | ||
Other accrued expenses | 604,111 | 203,516 | 551,689 | ||
Distribution fees payable to affiliates | 165,863 | 41,830 | 51,093 | ||
Accrued capital gains taxes on appreciated securities | — | — | 8,120,176 | ||
Total Liabilities | 9,464,775 | 1,771,478 | 10,135,782 | ||
Total Net Assets | $1,308,789,809 | $352,906,045 | $736,764,288 | ||
Net Assets Consist of: | |||||
Paid-in capital | $908,426,712 | $282,973,414 | $558,289,960 | ||
Total distributable earnings (loss) | 400,363,097 | 69,932,631 | 178,474,328 | ||
Total Net Assets | $1,308,789,809 | $352,906,045 | $736,764,288 | ||
Delaware Ivy Small Cap Growth Fund |
Delaware Ivy Smid Cap Core Fund |
Delaware Ivy Systematic Emerging Markets Equity Fundφ | |||
Net Asset Value | |||||
Class A: | |||||
Net assets | $615,772,965 | $114,355,575 | $157,572,585 | ||
Shares of beneficial interest outstanding, unlimited authorization, no par | 46,833,807 | 6,830,632 | 7,753,745 | ||
Net asset value per share | $13.15 | $16.74 | $20.32 | ||
Sales charge | 5.75% | 5.75% | 5.75% | ||
Offering price per share, equal to net asset value per share / (1 - sales charge) | $13.95 | $17.76 | $21.56 | ||
Class C: | |||||
Net assets | $18,762,461 | $10,526,266 | $15,378,600 | ||
Shares of beneficial interest outstanding, unlimited authorization, no par | 2,630,951 | 853,905 | 932,177 | ||
Net asset value per share | $7.13 | $12.33 | $16.50 | ||
Class I: | |||||
Net assets | $469,226,652 | $159,238,253 | $420,337,358 | ||
Shares of beneficial interest outstanding, unlimited authorization, no par | 20,952,567 | 8,194,835 | 19,777,666 | ||
Net asset value per share | $22.39 | $19.43 | $21.25 | ||
Class R: | |||||
Net assets | $44,461,827 | $22,166,131 | $6,297,526 | ||
Shares of beneficial interest outstanding, unlimited authorization, no par | 3,603,686 | 1,345,632 | 315,339 | ||
Net asset value per share | $12.34 | $16.47 | $19.97 | ||
Class R6: | |||||
Net assets | $129,698,926 | $40,794,673 | $109,539,322 | ||
Shares of beneficial interest outstanding, unlimited authorization, no par | 5,724,686 | 2,071,170 | 5,120,277 | ||
Net asset value per share | $22.66 | $19.70 | $21.39 | ||
Class Y: | |||||
Net assets | $30,866,978 | $5,825,147 | $27,638,897 | ||
Shares of beneficial interest outstanding, unlimited authorization, no par | 1,556,044 | 318,045 | 1,327,542 | ||
Net asset value per share | $19.84 | $18.32 | $20.82 | ||
*Investments, at cost |
$993,791,743 | $272,460,852 | $558,130,983 | ||
ΔForeign currencies, at cost | — | — | 165,159 |
Delaware Ivy Core Equity Fund |
Delaware Ivy Global Bond Fund |
Delaware Ivy Global Growth Fund |
Delaware Ivy High Income Fund | ||||
Investment Income: | |||||||
Dividends | $22,513,515 | $417,920 | $7,460,278 | $1,558,431 | |||
Interest | — | 10,991,586 | — | 96,084,326 | |||
Interest from affiliated investments | — | — | — | 714,836 | |||
Foreign tax withheld | (440,208) | (4,458) | (533,399) | — | |||
22,073,307 | 11,405,048 | 6,926,879 | 98,357,593 | ||||
Expenses: | |||||||
Management fees | 11,781,462 | 1,561,408 | 3,284,508 | 7,448,782 | |||
Distribution expenses — Class A | 3,538,136 | 121,951 | 664,193 | 1,664,583 | |||
Distribution expenses — Class C | 94,389 | 8,492 | 13,596 | 531,960 | |||
Distribution expenses — Class R | 411 | 2,154 | 2,117 | 85,941 | |||
Distribution expenses — Class Y | 37,193 | 2,380 | 2,863 | 66,835 | |||
Dividend disbursing and transfer agent fees and expenses | 1,521,623 | 236,575 | 366,074 | 1,297,259 | |||
Accounting and administration expenses | 277,349 | 56,787 | 63,764 | 203,539 | |||
Registration fees | 177,300 | 80,026 | 95,391 | 137,340 | |||
Reports and statements to shareholders expenses | 122,559 | 22,876 | 41,640 | 111,243 | |||
Legal fees | 95,968 | 20,480 | 14,464 | 207,880 | |||
Trustees’ fees | 82,898 | 11,003 | 15,865 | 58,802 | |||
Custodian fees | 21,878 | 13,798 | 22,441 | 27,099 | |||
Audit and tax fees | 17,954 | 23,423 | 27,811 | 26,933 | |||
Other | 70,948 | 45,238 | 49,526 | 150,051 | |||
17,840,068 | 2,206,591 | 4,664,253 | 12,018,247 | ||||
Less expenses waived | (241,204) | (392,675) | (554,653) | (987,866) | |||
Less expenses paid indirectly | (8,652) | (7,829) | (1,580) | (19,341) | |||
Total operating expenses | 17,590,212 | 1,806,087 | 4,108,020 | 11,011,040 | |||
Net Investment Income (Loss) | 4,483,095 | 9,598,961 | 2,818,859 | 87,346,553 |
Delaware Ivy Core Equity Fund |
Delaware Ivy Global Bond Fund |
Delaware Ivy Global Growth Fund |
Delaware Ivy High Income Fund | ||||
Net Realized and Unrealized Gain (Loss): | |||||||
Net realized gain (loss) on: | |||||||
Investments1 | $237,074,192 | $(968,604) | $18,940,157 | $(54,881,060) | |||
Foreign currencies | — | 1,349,982 | (31,831) | — | |||
Forward foreign currency exchange contracts | — | (5,218,472) | — | — | |||
Futures contracts | — | (2,042,644) | — | — | |||
Options purchased | — | (497,870) | — | — | |||
Options written | — | 477,077 | — | — | |||
Swap contracts | — | 449,261 | — | — | |||
Net increase from payment by affiliates2 | — | — | — | 208,594 | |||
Net realized gain (loss) | 237,074,192 | (6,451,270) | 18,908,326 | (54,672,466) | |||
Net change in unrealized appreciation (depreciation) on: | |||||||
Investments3 | 132,490,427 | 17,295,259 | 37,352,350 | 106,669,852 | |||
Affiliated investments | — | — | — | 3,952,735 | |||
Foreign currencies | — | (356) | 70,494 | — | |||
Forward foreign currency exchange contracts | — | (1,922,213) | — | — | |||
Futures contracts | — | 1,803,464 | — | — | |||
Options purchased | — | 413,497 | — | — | |||
Options written | — | (200,569) | — | — | |||
Swap contracts | — | 698,765 | — | — | |||
Net change in unrealized appreciation (depreciation) | 132,490,427 | 18,087,847 | 37,422,844 | 110,622,587 | |||
Net Realized and Unrealized Gain (Loss) | 369,564,619 | 11,636,577 | 56,331,170 | 55,950,121 | |||
Net Increase (Decrease) in Net Assets Resulting from Operations | $374,047,714 | $21,235,538 | $59,150,029 | $143,296,674 |
1 | Includes $(738,069) capital gains tax paid for Delaware Ivy Global Growth Fund. |
2 | See Note 2 in “Notes to financial statements.” |
3 | Includes $(1,299,560) capital gains tax accrued for Delaware Ivy Global Growth Fund. |
Delaware Ivy International Core Equity Fund |
Delaware Ivy Large Cap Growth Fund |
Delaware Ivy Mid Cap Growth Fund |
Delaware Ivy Mid Cap Income Opportunities Fund | ||||
Investment Income: | |||||||
Dividends | $25,171,188 | $25,220,909 | $15,176,731 | $13,915,157 | |||
Reclaim income | 1,536,836 | — | — | — | |||
IRS compliance fee for foreign withholding tax claims (see Note 1) | (38,365) | — | — | — | |||
Foreign tax withheld | (2,697,919) | (573,888) | — | — | |||
23,971,740 | 24,647,021 | 15,176,731 | 13,915,157 | ||||
Expenses: | |||||||
Management fees | 6,536,057 | 22,723,189 | 25,034,412 | 4,702,519 | |||
Distribution expenses — Class A | 534,325 | 3,751,456 | 2,254,409 | 196,261 | |||
Distribution expenses — Class C | 93,280 | 315,117 | 402,164 | 86,615 | |||
Distribution expenses — Class R | 100,920 | 87,625 | 136,446 | 30,481 | |||
Distribution expenses — Class Y | 47,474 | 45,510 | 263,635 | 16,960 | |||
Dividend disbursing and transfer agent fees and expenses | 792,582 | 3,485,225 | 3,192,665 | 591,476 | |||
Accounting and administration expenses | 124,290 | 482,419 | 460,233 | 105,520 | |||
Registration fees | 97,692 | 195,542 | 155,985 | 145,743 | |||
Custodian fees | 97,138 | 33,587 | 35,227 | 6,945 | |||
Reports and statements to shareholders expenses | 68,228 | 214,472 | 283,767 | 77,503 | |||
Legal fees | 38,160 | 163,863 | 171,118 | 35,643 | |||
Trustees’ fees | 33,410 | 166,993 | 131,206 | 24,857 | |||
Audit and tax fees | 30,457 | 16,774 | 20,123 | 17,656 | |||
Other | 68,894 | 131,950 | 143,439 | 22,314 | |||
8,662,907 | 31,813,722 | 32,684,829 | 6,060,493 | ||||
Less expenses waived | (1,996,703) | (2,863,667) | (4,998,070) | (1,175,042) | |||
Less expenses paid indirectly | (5,641) | (35,893) | (9,880) | (1,294) | |||
Total operating expenses | 6,660,563 | 28,914,162 | 27,676,879 | 4,884,157 | |||
Net Investment Income (Loss) | 17,311,177 | (4,267,141) | (12,500,148) | 9,031,000 |
Delaware Ivy International Core Equity Fund |
Delaware Ivy Large Cap Growth Fund |
Delaware Ivy Mid Cap Growth Fund |
Delaware Ivy Mid Cap Income Opportunities Fund | ||||
Net Realized and Unrealized Gain (Loss): | |||||||
Net realized gain (loss) on: | |||||||
Investments1 | $49,999,630 | $180,845,451 | $685,148,151 | $65,651,252 | |||
Foreign currencies | (387,743) | 259 | — | — | |||
Forward foreign currency exchange contracts | (1,606,117) | — | — | — | |||
Net increase from payment by affiliates2 | 1,025 | — | — | — | |||
Net realized gain (loss) | 48,006,795 | 180,845,710 | 685,148,151 | 65,651,252 | |||
Net change in unrealized appreciation (depreciation) on: | |||||||
Investments3 | 5,712,226 | 571,323,933 | (672,500,439) | (23,042,442) | |||
Foreign currencies | 400,947 | (170) | — | — | |||
Net change in unrealized appreciation (depreciation) | 6,113,173 | 571,323,763 | (672,500,439) | (23,042,442) | |||
Net Realized and Unrealized Gain (Loss) | 54,119,968 | 752,169,473 | 12,647,712 | 42,608,810 | |||
Net Increase (Decrease) in Net Assets Resulting from Operations | $71,431,145 | $747,902,332 | $147,564 | $51,639,810 |
1 | Includes $(1,931,178) capital gains tax paid for Delaware Ivy International Core Equity Fund. |
2 | See Note 2 in “Notes to financial statements.” |
3 | Includes $(5,834,718) capital gains tax accrued for Delaware Ivy International Core Equity Fund. |
Delaware Ivy Small Cap Growth Fund |
Delaware Ivy Smid Cap Core Fund |
Delaware Ivy Systematic Emerging Markets Equity Fundφ | |||
Investment Income: | |||||
Dividends | $1,703,217 | $2,384,461 | $15,165,528 | ||
Foreign tax withheld | — | — | (1,841,567) | ||
1,703,217 | 2,384,461 | 13,323,961 | |||
Expenses: | |||||
Management fees | 5,555,870 | 1,428,252 | 3,500,735 | ||
Distribution expenses — Class A | 765,458 | 139,069 | 196,247 | ||
Distribution expenses — Class C | 88,683 | 52,991 | 78,910 | ||
Distribution expenses — Class R | 108,751 | 53,798 | 15,124 | ||
Distribution expenses — Class Y | 39,374 | 6,934 | 33,311 | ||
Dividend disbursing and transfer agent fees and expenses | 799,243 | 204,145 | 536,624 | ||
Registration fees | 128,309 | 106,550 | 99,422 | ||
Accounting and administration expenses | 124,526 | 43,881 | 83,922 | ||
Reports and statements to shareholders expenses | 85,820 | 20,556 | 49,992 | ||
Legal fees | 40,388 | 9,312 | 23,863 | ||
Trustees’ fees | 29,590 | 7,454 | 16,597 | ||
Audit and tax fees | 18,248 | 17,733 | 31,198 | ||
Custodian fees | 10,820 | 3,243 | 171,003 | ||
Other | 54,484 | 10,655 | 32,412 | ||
7,849,564 | 2,104,573 | 4,869,360 | |||
Less expenses waived | (1,092,705) | (380,769) | (1,684,063) | ||
Less expenses paid indirectly | (1,717) | (435) | (892) | ||
Total operating expenses | 6,755,142 | 1,723,369 | 3,184,405 | ||
Net Investment Income (Loss) | (5,051,925) | 661,092 | 10,139,556 |
Delaware Ivy Small Cap Growth Fund |
Delaware Ivy Smid Cap Core Fund |
Delaware Ivy Systematic Emerging Markets Equity Fundφ | |||
Net Realized and Unrealized Gain (Loss): | |||||
Net realized gain (loss) on: | |||||
Investments1 | $44,163,587 | $(2,802,110) | $24,771,387 | ||
Foreign currencies | — | — | (487,609) | ||
Net increase from payment by affiliates2 | 58 | 213 | — | ||
Net realized gain (loss) | 44,163,645 | (2,801,897) | 24,283,778 | ||
Net change in unrealized appreciation (depreciation) on: | |||||
Investments3 | (21,208,916) | 22,071,419 | 33,364,846 | ||
Foreign currencies | — | — | (119,776) | ||
Net change in unrealized appreciation (depreciation) | (21,208,916) | 22,071,419 | 33,245,070 | ||
Net Realized and Unrealized Gain (Loss) | 22,954,729 | 19,269,522 | 57,528,848 | ||
Net Increase (Decrease) in Net Assets Resulting from Operations | $17,902,804 | $19,930,614 | $67,668,404 |
1 | Includes $(4,162,067) capital gains tax paid for Delaware Ivy Systematic Emerging Markets Equity Fund. |
2 | See Note 2 in “Notes to financial statements.” |
3 | Includes $(8,120,176) capital gains tax accrued for Delaware Ivy Systematic Emerging Markets Equity Fund. |
Delaware Ivy Core Equity Fund |
Delaware Ivy Global Bond Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Increase (Decrease) in Net Assets from Operations: | |||||||
Net investment income (loss) | $4,483,095 | $7,962,846 | $9,598,961 | $16,648,366 | |||
Net realized gain (loss) | 237,074,192 | 303,961,897 | (6,451,270) | (2,761,436) | |||
Net change in unrealized appreciation (depreciation) | 132,490,427 | 627,513,039 | 18,087,847 | 5,582,606 | |||
Net increase (decrease) in net assets resulting from operations | 374,047,714 | 939,437,782 | 21,235,538 | 19,469,536 | |||
Dividends and Distributions to Shareholders from: | |||||||
Distributable earnings: | |||||||
Class A | — | (293,561,457) | (1,572,536) | (3,467,339) | |||
Class C | — | (2,540,114) | (20,826) | (51,171) | |||
Class I | — | (66,889,139) | (3,810,182) | (6,906,950) | |||
Class R | — | (16,076) | (13,878) | (8,900) | |||
Class R6 | — | (6,248,098) | (3,245,585) | (6,014,218) | |||
Class Y | — | (2,655,220) | (30,769) | (67,568) | |||
— | (371,910,104) | (8,693,776) | (16,516,146) | ||||
Capital Share Transactions (See Note 4): | |||||||
Proceeds from shares sold: | |||||||
Class A | 39,289,617 | 72,313,656 | 5,284,937 | 8,579,413 | |||
Class C | 3,159,065 | 3,823,640 | 113,067 | 381,234 | |||
Class I | 128,203,903 | 121,149,507 | 39,455,309 | 97,482,106 | |||
Class R | 1,252 | 9,407 | 752,391 | 140,610 | |||
Class R6 | 8,884,226 | 24,109,346 | 31,191,118 | 54,900,887 | |||
Class Y | 869,901 | 2,746,149 | 162,019 | 617,160 | |||
Net assets from reorganization:1 | |||||||
Class A | — | — | 5,241,459 | — | |||
Class C | — | — | 179,136 | — | |||
Class I | — | — | 17,233,034 | — | |||
Class R6 | — | — | 40,681 | — | |||
Net asset value of shares issued upon reinvestment of dividends and distributions: | |||||||
Class A | — | 291,171,207 | 1,562,612 | 3,446,724 | |||
Class C | — | 2,539,546 | 20,826 | 51,171 | |||
Class I | — | 66,824,616 | 3,807,905 | 6,900,091 | |||
Class R | — | 13,773 | 13,878 | 8,900 | |||
Class R6 | — | 5,873,722 | 3,245,585 | 6,013,843 | |||
Class Y | — | 2,652,494 | 30,435 | 67,113 | |||
180,407,964 | 593,227,063 | 108,334,392 | 178,589,252 |
Delaware Ivy Core Equity Fund |
Delaware Ivy Global Bond Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Cost of shares redeemed: | |||||||
Class A | $(249,551,421) | $(511,589,178) | $(12,511,844) | $(27,253,320) | |||
Class C | (3,691,589) | (7,519,044) | (519,263) | (1,380,892) | |||
Class I | (138,900,626) | (296,767,446) | (60,766,469) | (74,081,448) | |||
Class R | (3,046) | (126,027) | (188,440) | (67,680) | |||
Class R6 | (8,996,052) | (19,955,106) | (16,955,821) | (24,350,369) | |||
Class Y | (3,875,035) | (4,466,928) | (330,580) | (572,871) | |||
(405,017,769) | (840,423,729) | (91,272,417) | (127,706,580) | ||||
Increase (decrease) in net assets derived from capital share transactions | (224,609,805) | (247,196,666) | 17,061,975 | 50,882,672 | |||
Net Increase in Net Assets | 149,437,909 | 320,331,012 | 29,603,737 | 53,836,062 | |||
Net Assets: | |||||||
Beginning of period | 3,731,097,755 | 3,410,766,743 | 482,038,121 | 428,202,059 | |||
End of period | $3,880,535,664 | $3,731,097,755 | $511,641,858 | $482,038,121 |
1 | See Note 5 in “Notes to financial statements.” |
Delaware Ivy Global Growth Fund |
Delaware Ivy High Income Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Increase (Decrease) in Net Assets from Operations: | |||||||
Net investment income (loss) | $2,818,859 | $3,932,770 | $87,346,553 | $177,704,715 | |||
Net realized gain (loss) | 18,908,326 | 34,817,518 | (54,881,060) | (154,750,162) | |||
Net increase from payment by affiliates1 | — | — | 208,594 | — | |||
Net change in unrealized appreciation (depreciation) | 37,422,844 | 76,992,467 | 110,622,587 | 237,791,544 | |||
Net increase (decrease) in net assets resulting from operations | 59,150,029 | 115,742,755 | 143,296,674 | 260,746,097 | |||
Dividends and Distributions to Shareholders from: | |||||||
Distributable earnings: | |||||||
Class A | — | (18,813,448) | (42,487,937) | (82,468,506) | |||
Class C | — | (200,133) | (2,992,507) | (8,185,702) | |||
Class I | — | (9,470,074) | (35,866,870) | (76,344,445) | |||
Class R | — | (42,509) | (1,054,017) | (2,328,704) | |||
Class R6 | — | (288,911) | (3,239,304) | (3,885,465) | |||
Class Y | — | (97,458) | (1,706,376) | (4,476,363) | |||
— | (28,912,533) | (87,347,011) | (177,689,185) | ||||
Capital Share Transactions (See Note 4): | |||||||
Proceeds from shares sold: | |||||||
Class A | 8,335,286 | 12,778,660 | 36,249,456 | 92,882,697 | |||
Class C | 267,856 | 258,771 | 3,705,706 | 9,596,648 | |||
Class I | 18,269,806 | 26,341,804 | 122,771,458 | 270,167,093 | |||
Class R | 36,277 | 15,453 | 1,289,035 | 1,572,232 | |||
Class R6 | 641,178 | 12,416,820 | 10,824,606 | 15,747,080 | |||
Class Y | 52,319 | 243,798 | 8,233,116 | 25,801,936 | |||
Net assets from reorganization:2 | |||||||
Class A | 346,631,874 | — | 305,506,943 | — | |||
Class C | 1,756,259 | — | 2,359,840 | — | |||
Class I | 77,820,374 | — | 92,964,377 | — | |||
Class R | 254,446 | — | 2,183,570 | — | |||
Class R6 | 1,452,085 | — | 52,245,469 | — | |||
Class Y | 1,189,737 | — | — | — | |||
Net asset value of shares issued upon reinvestment of dividends and distributions: | |||||||
Class A | — | 18,628,974 | 41,072,553 | 80,766,869 | |||
Class C | — | 200,133 | 2,983,114 | 8,154,038 | |||
Class I | — | 9,447,996 | 35,732,389 | 76,026,993 | |||
Class R | — | 42,509 | 1,053,587 | 2,327,696 | |||
Class R6 | — | 158,194 | 3,046,824 | 3,770,742 | |||
Class Y | — | 97,458 | 1,628,405 | 4,241,189 | |||
456,707,497 | 80,630,570 | 723,850,448 | 591,055,213 |
Delaware Ivy Global Growth Fund |
Delaware Ivy High Income Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Cost of shares redeemed: | |||||||
Class A | $(48,240,816) | $(73,551,426) | $(158,478,633) | $(298,929,610) | |||
Class C | (581,746) | (751,574) | (21,751,756) | (51,553,250) | |||
Class I | (53,325,798) | (84,761,157) | (188,344,520) | (403,584,653) | |||
Class R | (108,018) | (123,165) | (2,793,130) | (6,600,844) | |||
Class R6 | (1,041,208) | (1,660,958) | (16,618,949) | (27,926,487) | |||
Class Y | (149,384) | (248,236) | (14,491,109) | (44,421,962) | |||
(103,446,970) | (161,096,516) | (402,478,097) | (833,016,806) | ||||
Increase (decrease) in net assets derived from capital share transactions | 353,260,527 | (80,465,946) | 321,372,351 | (241,961,593) | |||
Net Increase (Decrease) in Net Assets | 412,410,556 | 6,364,276 | 377,322,014 | (158,904,681) | |||
Net Assets: | |||||||
Beginning of period | 543,213,687 | 536,849,411 | 2,377,597,468 | 2,536,502,149 | |||
End of period | $955,624,243 | $543,213,687 | $2,754,919,482 | $2,377,597,468 |
1 | See Note 2 in “Notes to financial statements.” |
2 | See Note 5 in “Notes to financial statements.” |
Delaware Ivy International Core Equity Fund |
Delaware Ivy Large Cap Growth Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Increase (Decrease) in Net Assets from Operations: | |||||||
Net investment income (loss) | $17,311,177 | $28,910,846 | $(4,267,141) | $(6,279,987) | |||
Net realized gain (loss) | 48,005,770 | 17,480,643 | 180,845,710 | 266,207,058 | |||
Net increase from payment by affiliates1 | 1,025 | — | — | — | |||
Net change in unrealized appreciation (depreciation) | 6,113,173 | 130,237,640 | 571,323,763 | 1,496,273,822 | |||
Net increase (decrease) in net assets resulting from operations | 71,431,145 | 176,629,129 | 747,902,332 | 1,756,200,893 | |||
Dividends and Distributions to Shareholders from: | |||||||
Distributable earnings: | |||||||
Class A | — | (6,938,040) | — | (71,124,444) | |||
Class C | — | (397,168) | — | (2,370,903) | |||
Class I | — | (18,729,967) | — | (95,913,304) | |||
Class R | — | (899,770) | — | (1,016,916) | |||
Class R6 | — | (6,919,437) | — | (6,873,786) | |||
Class Y | — | (1,002,897) | — | (856,757) | |||
— | (34,887,279) | — | (178,156,110) | ||||
Capital Share Transactions (See Note 4): | |||||||
Proceeds from shares sold: | |||||||
Class A | 16,581,328 | 34,968,582 | 102,961,826 | 165,396,364 | |||
Class C | 375,014 | 1,806,645 | 5,285,702 | 18,344,210 | |||
Class I | 81,889,735 | 128,415,772 | 902,894,587 | 1,113,500,494 | |||
Class R | 1,145,662 | 1,610,466 | 3,360,952 | 21,865,178 | |||
Class R6 | 41,438,546 | 51,026,945 | 31,464,052 | 137,460,796 | |||
Class Y | 3,157,871 | 6,515,359 | 8,286,534 | 11,133,924 | |||
Net assets from reorganization:2 | |||||||
Class A | 170,156,916 | — | 681,836,868 | — | |||
Class C | 2,685,826 | — | 4,161,517 | — | |||
Class I | 126,336,155 | — | 91,304,688 | — | |||
Class R | 1,264,239 | — | 777,982 | — | |||
Class R6 | 2,879,210 | — | — | — | |||
Class Y | 461,972 | — | — | — | |||
Net asset value of shares issued upon reinvestment of dividends and distributions: | |||||||
Class A | — | 6,801,900 | — | 70,618,650 | |||
Class C | — | 394,738 | — | 2,359,764 | |||
Class I | — | 18,067,945 | — | 95,003,003 | |||
Class R | — | 899,526 | — | 1,016,916 | |||
Class R6 | — | 6,816,147 | — | 6,012,352 | |||
Class Y | — | 999,883 | — | 853,220 | |||
448,372,474 | 258,323,908 | 1,832,334,708 | 1,643,564,871 |
Delaware Ivy International Core Equity Fund |
Delaware Ivy Large Cap Growth Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Cost of shares redeemed: | |||||||
Class A | $(40,580,497) | $(57,382,190) | $(252,342,716) | $(434,051,912) | |||
Class C | (4,743,819) | (14,618,595) | (10,743,878) | (16,851,440) | |||
Class I | (114,829,215) | (250,918,497) | (639,055,575) | (985,306,170) | |||
Class R | (3,753,595) | (7,991,061) | (5,678,195) | (4,600,692) | |||
Class R6 | (62,482,428) | (82,745,524) | (53,234,961) | (80,617,387) | |||
Class Y | (6,618,065) | (14,022,940) | (2,627,101) | (11,968,805) | |||
(233,007,619) | (427,678,807) | (963,682,426) | (1,533,396,406) | ||||
Increase (decrease) in net assets derived from capital share transactions | 215,364,855 | (169,354,899) | 868,652,282 | 110,168,465 | |||
Net Increase (Decrease) in Net Assets | 286,796,000 | (27,613,049) | 1,616,554,614 | 1,688,213,248 | |||
Net Assets: | |||||||
Beginning of period | 1,329,271,129 | 1,356,884,178 | 6,804,334,054 | 5,116,120,806 | |||
End of period | $1,616,067,129 | $1,329,271,129 | $8,420,888,668 | $6,804,334,054 |
1 | See Note 2 in “Notes to financial statements.” |
2 | See Note 5 in “Notes to financial statements.” |
Delaware Ivy Mid Cap Growth Fund |
Delaware Ivy Mid Cap Income Opportunities Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Increase (Decrease) in Net Assets from Operations: | |||||||
Net investment income (loss) | $(12,500,148) | $(18,538,992) | $9,031,000 | $21,385,953 | |||
Net realized gain (loss) | 685,148,151 | 219,577,322 | 65,651,252 | 55,256,132 | |||
Net change in unrealized appreciation (depreciation) | (672,500,439) | 658,199,829 | (23,042,442) | 132,600,856 | |||
Net increase (decrease) in net assets resulting from operations | 147,564 | 859,238,159 | 51,639,810 | 209,242,941 | |||
Dividends and Distributions to Shareholders from: | |||||||
Distributable earnings: | |||||||
Class A | — | (95,139,802) | (1,086,402) | (8,479,839) | |||
Class C | — | (5,878,732) | (52,422) | (848,362) | |||
Class I | — | (161,797,407) | (6,700,198) | (46,567,429) | |||
Class R | — | (3,803,348) | (69,356) | (523,721) | |||
Class R6 | — | (66,481,420) | (790,317) | (4,928,124) | |||
Class Y | — | (13,209,909) | (91,354) | (699,549) | |||
— | (346,310,618) | (8,790,049) | (62,047,024) | ||||
Capital Share Transactions (See Note 4): | |||||||
Proceeds from shares sold: | |||||||
Class A | 31,205,002 | 100,687,868 | 4,984,954 | 10,887,181 | |||
Class C | 3,405,977 | 8,058,894 | 373,081 | 1,146,923 | |||
Class I | 283,300,912 | 615,587,206 | 63,625,109 | 167,713,173 | |||
Class R | 2,967,319 | 8,663,186 | 701,660 | 11,352,814 | |||
Class R6 | 120,270,050 | 385,714,959 | 7,106,827 | 20,248,494 | |||
Class Y | 18,587,669 | 33,675,695 | 451,932 | 4,415,257 | |||
Net assets from reorganization:1 | |||||||
Class A | 643,330,310 | — | — | — | |||
Class C | 32,772,506 | — | — | — | |||
Class I | 353,505,893 | — | — | — | |||
Class R | 7,649,278 | — | — | — | |||
Class R6 | 36,218,815 | — | — | — | |||
Net asset value of shares issued upon reinvestment of dividends and distributions: | |||||||
Class A | — | 94,546,286 | 1,085,219 | 8,475,788 | |||
Class C | — | 5,861,944 | 52,034 | 846,649 | |||
Class I | — | 158,778,651 | 6,516,970 | 45,347,853 | |||
Class R | — | 3,801,311 | 69,356 | 523,720 | |||
Class R6 | — | 66,325,689 | 757,300 | 4,727,476 | |||
Class Y | — | 13,193,766 | 91,146 | 697,947 | |||
1,533,213,731 | 1,494,895,455 | 85,815,588 | 276,383,275 |
Delaware Ivy Mid Cap Growth Fund |
Delaware Ivy Mid Cap Income Opportunities Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Cost of shares redeemed: | |||||||
Class A | $(193,211,571) | $(342,792,633) | $(16,737,538) | $(46,602,537) | |||
Class C | (17,707,376) | (24,193,661) | (3,194,021) | (5,979,742) | |||
Class I | (636,473,903) | (863,664,699) | (134,351,716) | (453,495,989) | |||
Class R | (8,018,705) | (20,642,621) | (1,998,068) | (1,552,003) | |||
Class R6 | (214,222,786) | (326,126,108) | (14,188,718) | (29,774,708) | |||
Class Y | (35,590,405) | (61,642,216) | (2,293,757) | (3,722,108) | |||
(1,105,224,746) | (1,639,061,938) | (172,763,818) | (541,127,087) | ||||
Increase (decrease) in net assets derived from capital share transactions | 427,988,985 | (144,166,483) | (86,948,230) | (264,743,812) | |||
Net Increase (Decrease) in Net Assets | 428,136,549 | 368,761,058 | (44,098,469) | (117,547,895) | |||
Net Assets: | |||||||
Beginning of period | 6,245,913,036 | 5,877,151,978 | 1,172,434,029 | 1,289,981,924 | |||
End of period | $6,674,049,585 | $6,245,913,036 | $1,128,335,560 | $1,172,434,029 |
1 | See Note 5 in “Notes to financial statements.” |
Delaware Ivy Small Cap Growth Fund |
Delaware Ivy Smid Cap Core Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Increase (Decrease) in Net Assets from Operations: | |||||||
Net investment income (loss) | $(5,051,925) | $(9,567,954) | $661,092 | $1,286,569 | |||
Net realized gain (loss) | 44,163,587 | 71,849,436 | (2,802,110) | 5,714,445 | |||
Net increase from payment by affiliates1 | 58 | — | 213 | — | |||
Net change in unrealized appreciation (depreciation) | (21,208,916) | 152,099,587 | 22,071,419 | 54,446,145 | |||
Net increase (decrease) in net assets resulting from operations | 17,902,804 | 214,381,069 | 19,930,614 | 61,447,159 | |||
Dividends and Distributions to Shareholders from: | |||||||
Distributable earnings: | |||||||
Class A | — | (29,855,478) | (215,720) | (798,437) | |||
Class C | — | (1,435,283) | (8,803) | (68,283) | |||
Class I | — | (14,786,057) | (340,300) | (985,384) | |||
Class R | — | (2,201,928) | (19,432) | (106,682) | |||
Class R6 | — | (4,918,319) | (105,803) | (304,657) | |||
Class Y | — | (1,715,869) | (7,433) | (31,304) | |||
Return of capital: | |||||||
Class A | — | — | — | (73,639) | |||
Class C | — | — | — | (7,649) | |||
Class I | — | — | — | (97,546) | |||
Class R | — | — | — | (13,197) | |||
Class R6 | — | — | — | (26,377) | |||
Class Y | — | — | — | (3,529) | |||
— | (54,912,934) | (697,491) | (2,516,684) | ||||
Capital Share Transactions (See Note 4): | |||||||
Proceeds from shares sold: | |||||||
Class A | 11,381,672 | 30,659,253 | 4,166,294 | 11,360,682 | |||
Class C | 723,219 | 1,354,222 | 478,346 | 1,003,583 | |||
Class I | 55,086,173 | 104,265,428 | 31,344,804 | 22,008,105 | |||
Class R | 1,527,597 | 3,642,078 | 1,425,508 | 2,816,715 | |||
Class R6 | 10,281,675 | 40,393,224 | 2,149,425 | 5,870,655 | |||
Class Y | 1,676,923 | 6,850,038 | 281,212 | 791,915 | |||
Net assets from reorganization:2 | |||||||
Class A | 19,820,021 | — | — | — | |||
Class C | 4,221,604 | — | — | — | |||
Class I | 64,499,652 | — | — | — | |||
Class R | 1,475,192 | — | — | — |
Delaware Ivy Small Cap Growth Fund |
Delaware Ivy Smid Cap Core Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Net asset value of shares issued upon reinvestment of dividends and distributions: | |||||||
Class A | $— | $29,769,259 | $214,929 | $869,016 | |||
Class C | — | 1,435,035 | 8,803 | 75,925 | |||
Class I | — | 14,606,311 | 335,224 | 1,071,072 | |||
Class R | — | 2,201,928 | 19,432 | 119,879 | |||
Class R6 | — | 4,795,767 | 105,802 | 331,018 | |||
Class Y | — | 1,715,667 | 7,423 | 34,768 | |||
170,693,728 | 241,688,210 | 40,537,202 | 46,353,333 | ||||
Cost of shares redeemed: | |||||||
Class A | (70,471,876) | (160,032,340) | (12,077,661) | (28,109,077) | |||
Class C | (3,279,295) | (7,606,558) | (1,626,934) | (4,050,880) | |||
Class I | (126,939,442) | (272,099,839) | (25,496,330) | (63,935,836) | |||
Class R | (4,071,886) | (8,537,983) | (2,144,953) | (3,486,649) | |||
Class R6 | (56,296,435) | (49,544,369) | (4,694,949) | (12,363,169) | |||
Class Y | (5,164,331) | (52,757,296) | (551,348) | (1,391,387) | |||
(266,223,265) | (550,578,385) | (46,592,175) | (113,336,998) | ||||
Decrease in net assets derived from capital share transactions | (95,529,537) | (308,890,175) | (6,054,973) | (66,983,665) | |||
Net Increase (Decrease) in Net Assets | (77,626,733) | (149,422,040) | 13,178,150 | (8,053,190) | |||
Net Assets: | |||||||
Beginning of period | 1,386,416,542 | 1,535,838,582 | 339,727,895 | 347,781,085 | |||
End of period | $1,308,789,809 | $1,386,416,542 | $352,906,045 | $339,727,895 |
1 | See Note 2 in “Notes to financial statements.” |
2 | See Note 5 in “Notes to financial statements.” |
Delaware Ivy Systematic Emerging Markets Equity Fundφ | |||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||
Increase (Decrease) in Net Assets from Operations: | |||
Net investment income (loss) | $10,139,556 | $22,478,943 | |
Net realized gain (loss) | 24,283,778 | (18,653,640) | |
Net change in unrealized appreciation (depreciation) | 33,245,070 | 71,857,685 | |
Net increase (decrease) in net assets resulting from operations | 67,668,404 | 75,682,988 | |
Dividends and Distributions to Shareholders from: | |||
Distributable earnings: | |||
Class A | — | (5,063,707) | |
Class C | — | (570,330) | |
Class I | — | (14,869,547) | |
Class R | — | (169,014) | |
Class R6 | — | (4,253,760) | |
Class Y | — | (797,906) | |
— | (25,724,264) | ||
Capital Share Transactions (See Note 4): | |||
Proceeds from shares sold: | |||
Class A | 6,998,861 | 13,160,128 | |
Class C | 888,966 | 778,227 | |
Class I | 34,222,351 | 71,028,894 | |
Class R | 641,465 | 975,923 | |
Class R6 | 11,119,945 | 21,769,826 | |
Class Y | 2,247,942 | 7,277,753 | |
Net asset value of shares issued upon reinvestment of dividends and distributions: | |||
Class A | — | 5,003,604 | |
Class C | — | 570,305 | |
Class I | — | 13,996,689 | |
Class R | — | 168,564 | |
Class R6 | — | 4,168,267 | |
Class Y | — | 797,877 | |
56,119,530 | 139,696,057 |
Delaware Ivy Systematic Emerging Markets Equity Fundφ | |||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||
Cost of shares redeemed: | |||
Class A | $(21,985,337) | $(49,810,065) | |
Class C | (3,428,913) | (8,856,463) | |
Class I | (85,670,781) | (213,874,674) | |
Class R | (772,377) | (1,698,041) | |
Class R6 | (32,125,163) | (58,350,607) | |
Class Y | (4,068,879) | (10,427,108) | |
(148,051,450) | (343,016,958) | ||
Decrease in net assets derived from capital share transactions | (91,931,920) | (203,320,901) | |
Net Decrease in Net Assets | (24,263,516) | (153,362,177) | |
Net Assets: | |||
Beginning of period | 761,027,804 | 914,389,981 | |
End of period | $736,764,288 | $761,027,804 |
φ | Consolidated statements of changes in net assets. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $17.11 | $14.69 | $18.10 | $18.01 | $11.73 | $13.47 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.02 | 0.03 | 0.05 | 0.04 | 0.06 | 0.06 | |||||||
Net realized and unrealized gain (loss) | 1.77 | 4.29 | (1.36) | 2.56 | 6.65 | (0.29) | |||||||
Total from investment operations | 1.79 | 4.32 | (1.31) | 2.60 | 6.71 | (0.23) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.06) | (0.08) | (0.09) | (0.04) | (0.09) | |||||||
Net realized gain | — | (1.84) | (2.02) | (2.42) | (0.39) | (1.42) | |||||||
Total dividends and distributions | — | (1.90) | (2.10) | (2.51) | (0.43) | (1.51) | |||||||
Net asset value, end of period | $18.90 | $17.11 | $14.69 | $18.10 | $18.01 | $11.73 | |||||||
Total return3 | 10.46%4 | 31.18%4 | (6.71%)4 | 13.88% | 57.58% | (3.57%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $2,918,563 | $2,846,374 | $2,574,630 | $3,424,139 | $3,4115 | $2,4095 | |||||||
Ratio of expenses to average net assets6 | 1.00% | 1.00% | 1.00% | 0.97% | 1.00% | 1.03% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.01% | 1.00% | 1.03% | 0.97% | 1.00% | 1.03% | |||||||
Ratio of net investment income to average net assets | 0.18% | 0.18% | 0.32% | 0.19% | 0.36% | 0.42% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 0.17% | 0.18% | 0.29% | 0.19% | 0.36% | 0.42% | |||||||
Portfolio turnover | 10% | 35% | 37% | 36% | 49% | 66% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $12.34 | $11.09 | $14.27 | $14.65 | $9.63 | $11.31 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.04) 3 | (0.07) | (0.06) | (0.11) | (0.06) | (0.05) | |||||||
Net realized and unrealized gain (loss) | 1.28 | 3.17 | (1.10) | 2.10 | 5.45 | (0.22) | |||||||
Total from investment operations | 1.24 | 3.10 | (1.16) | 1.99 | 5.39 | (0.27) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.01) | — | (0.01) | — | (0.01) | |||||||
Net realized gain | — | (1.84) | (2.02) | (2.36) | (0.37) | (1.40) | |||||||
Total dividends and distributions | — | (1.85) | (2.02) | (2.37) | (0.37) | (1.41) | |||||||
Net asset value, end of period | $13.58 | $12.34 | $11.09 | $14.27 | $14.65 | $9.63 | |||||||
Total return4 | 10.05%5 | 30.19%5 | (7.48%)5 | 12.85% | 56.31% | (4.44%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $19,369 | $18,101 | $17,253 | $27,556 | $336 | $376 | |||||||
Ratio of expenses to average net assets7 | 1.75% | 1.75% | 1.84% | 1.85% | 1.88% | 1.89% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.76% | 1.75% | 1.99% | 1.85% | 1.88% | 1.89% | |||||||
Ratio of net investment loss to average net assets | (0.57%) | (0.57%) | (0.52%) | (0.70%) | (0.51%) | (0.44%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.58%) | (0.57%) | (0.67%) | (0.70%) | (0.51%) | (0.44%) | |||||||
Portfolio turnover | 10% | 35% | 37% | 36% | 49% | 66% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statements of operations due to class specific expenses. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
5 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $21.06 | $17.67 | $21.24 | $20.77 | $13.47 | $15.27 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.05 | 0.08 | 0.10 | 0.08 | 0.10 | 0.10 | |||||||
Net realized and unrealized gain (loss) | 2.18 | 5.22 | (1.57) | 2.93 | 7.66 | (0.37) | |||||||
Total from investment operations | 2.23 | 5.30 | (1.47) | 3.01 | 7.76 | (0.27) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.07) | (0.08) | (0.12) | (0.07) | (0.11) | |||||||
Net realized gain | — | (1.84) | (2.02) | (2.42) | (0.39) | (1.42) | |||||||
Total dividends and distributions | — | (1.91) | (2.10) | (2.54) | (0.46) | (1.53) | |||||||
Net asset value, end of period | $23.29 | $21.06 | $17.67 | $21.24 | $20.77 | $13.47 | |||||||
Total return3 | 10.59%4 | 31.50%4 | (6.46%) | 14.00% | 57.92% | (3.38%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $833,154 | $764,906 | $744,911 | $1,070,912 | $1,1015 | $8615 | |||||||
Ratio of expenses to average net assets6 | 0.75% | 0.75% | 0.78% | 0.79% | 0.81% | 0.83% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 0.76% | 0.75% | 0.78% | 0.79% | 0.81% | 0.83% | |||||||
Ratio of net investment income to average net assets | 0.43% | 0.43% | 0.55% | 0.37% | 0.55% | 0.63% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 0.42% | 0.43% | 0.55% | 0.37% | 0.55% | 0.63% | |||||||
Portfolio turnover | 10% | 35% | 37% | 36% | 49% | 66% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $16.84 | $14.47 | $17.88 | $17.82 | $11.62 | $13.36 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | (0.01)3 | (0.01) | 0.01 | (0.04) | (0.01) | 0.01 | |||||||
Net realized and unrealized gain (loss) | 1.74 | 4.22 | (1.35) | 2.53 | 6.59 | (0.30) | |||||||
Total from investment operations | 1.73 | 4.21 | (1.34) | 2.49 | 6.58 | (0.29) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | — | (0.05) | (0.04) | — | (0.03) | |||||||
Net realized gain | — | (1.84) | (2.02) | (2.39) | (0.38) | (1.42) | |||||||
Total dividends and distributions | — | (1.84) | (2.07) | (2.43) | (0.38) | (1.45) | |||||||
Net asset value, end of period | $18.57 | $16.84 | $14.47 | $17.88 | $17.82 | $11.62 | |||||||
Total return4 | 10.27%5 | 30.84%5 | (6.98%)5 | 13.42% | 56.93% | (3.93%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $175 | $161 | $231 | $212 | $16 | $—6,7 | |||||||
Ratio of expenses to average net assets8 | 1.25% | 1.25% | 1.30% | 1.39% | 1.40% | 1.42% | |||||||
Ratio of expenses to average net assets prior to fees waived8 | 1.26% | 1.25% | 1.31% | 1.39% | 1.40% | 1.42% | |||||||
Ratio of net investment income (loss) to average net assets | (0.07%) | (0.07%) | 0.03% | (0.22%) | (0.04%) | 0.04% | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | (0.08%) | (0.07%) | 0.02% | (0.22%) | (0.04%) | 0.04% | |||||||
Portfolio turnover | 10% | 35% | 37% | 36% | 49% | 66% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statements of operations due to class specific expenses. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Rounds to less than $500 thousands. |
8 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $21.13 | $17.73 | $21.31 | $20.82 | $13.50 | $15.30 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.06 | 0.09 | 0.12 | 0.12 | 0.12 | 0.13 | |||||||
Net realized and unrealized gain (loss) | 2.18 | 5.24 | (1.59) | 2.94 | 7.68 | (0.37) | |||||||
Total from investment operations | 2.24 | 5.33 | (1.47) | 3.06 | 7.80 | (0.24) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.09) | (0.09) | (0.15) | (0.09) | (0.14) | |||||||
Net realized gain | — | (1.84) | (2.02) | (2.42) | (0.39) | (1.42) | |||||||
Total dividends and distributions | — | (1.93) | (2.11) | (2.57) | (0.48) | (1.56) | |||||||
Net asset value, end of period | $23.37 | $21.13 | $17.73 | $21.31 | $20.82 | $13.50 | |||||||
Total return3 | 10.60%4 | 31.60%4 | (6.44%) | 14.23% | 58.14% | (3.23%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $78,519 | $70,743 | $48,677 | $91,633 | $905 | $315 | |||||||
Ratio of expenses to average net assets6 | 0.67% | 0.70% | 0.69% | 0.64% | 0.66% | 0.67% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 0.69% | 0.70% | 0.69% | 0.64% | 0.66% | 0.67% | |||||||
Ratio of net investment income to average net assets | 0.51% | 0.48% | 0.64% | 0.52% | 0.68% | 0.78% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 0.49% | 0.48% | 0.64% | 0.52% | 0.68% | 0.78% | |||||||
Portfolio turnover | 10% | 35% | 37% | 36% | 49% | 66% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $19.93 | $16.83 | $20.38 | $20.01 | $13.00 | $14.78 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.02 | 0.03 | 0.07 | 0.07 | 0.09 | 0.09 | |||||||
Net realized and unrealized gain (loss) | 2.07 | 4.95 | (1.52) | 2.83 | 7.37 | (0.34) | |||||||
Total from investment operations | 2.09 | 4.98 | (1.45) | 2.90 | 7.46 | (0.25) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.04) | (0.08) | (0.11) | (0.06) | (0.11) | |||||||
Net realized gain | — | (1.84) | (2.02) | (2.42) | (0.39) | (1.42) | |||||||
Total dividends and distributions | — | (1.88) | (2.10) | (2.53) | (0.45) | (1.53) | |||||||
Net asset value, end of period | $22.02 | $19.93 | $16.83 | $20.38 | $20.01 | $13.00 | |||||||
Total return3 | 10.49%4 | 31.13% | (6.63%)4 | 13.99%4 | 57.75%4 | (3.37%)4 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $30,756 | $30,813 | $25,065 | $29,855 | $265 | $235 | |||||||
Ratio of expenses to average net assets6 | 1.00% | 1.00% | 0.94% | 0.84% | 0.85% | 0.84% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.01% | 1.00% | 0.97% | 1.04% | 1.05% | 1.08% | |||||||
Ratio of net investment income to average net assets | 0.18% | 0.18% | 0.39% | 0.32% | 0.50% | 0.60% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 0.17% | 0.18% | 0.36% | 0.12% | 0.30% | 0.36% | |||||||
Portfolio turnover | 10% | 35% | 37% | 36% | 49% | 66% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $9.15 | $9.09 | $9.57 | $10.26 | $9.26 | $9.71 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.17 | 0.32 | 0.24 | 0.25 | 0.32 | 0.34 | |||||||
Net realized and unrealized gain (loss) | 0.21 | 0.05 | (0.44) | (0.69) | 0.95 | (0.59) | |||||||
Total from investment operations | 0.38 | 0.37 | (0.20) | (0.44) | 1.27 | (0.25) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.15) | (0.31) | (0.28) | (0.25) | (0.27) | (0.20) | |||||||
Total dividends and distributions | (0.15) | (0.31) | (0.28) | (0.25) | (0.27) | (0.20) | |||||||
Net asset value, end of period | $9.38 | $9.15 | $9.09 | $9.57 | $10.26 | $9.26 | |||||||
Total return3 | 4.19% | 4.19% | (2.00%) | (4.39%) | 13.77% | (2.69%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $98,416 | $96,400 | $111,266 | $150,133 | $1784 | $1704 | |||||||
Ratio of expenses to average net assets5 | 0.96% | 0.97%6 | 0.96% | 0.96% | 0.96% | 0.99% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 1.12% | 1.09%6 | 1.24% | 1.19% | 1.20% | 1.22% | |||||||
Ratio of net investment income to average net assets | 3.60% | 3.58% | 2.64% | 2.46% | 3.18% | 3.43% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 3.44% | 3.46% | 2.36% | 2.23% | 2.94% | 3.20% | |||||||
Portfolio turnover | 115% | 181% | 124% | 50% | 43% | 38% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
6 | The ratio of expenses to average net assets excluding interest expense and ratio of expenses to average net assets prior to fees waived excluding interest expense for the year ended March 31, 2024 were 0.96% and 1.08%, respectively. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $9.14 | $9.09 | $9.57 | $10.25 | $9.26 | $9.71 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.13 | 0.25 | 0.17 | 0.17 | 0.25 | 0.26 | |||||||
Net realized and unrealized gain (loss) | 0.21 | 0.05 | (0.43) | (0.68) | 0.94 | (0.59) | |||||||
Total from investment operations | 0.34 | 0.30 | (0.26) | (0.51) | 1.19 | (0.33) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.11) | (0.25) | (0.22) | (0.17) | (0.20) | (0.12) | |||||||
Total dividends and distributions | (0.11) | (0.25) | (0.22) | (0.17) | (0.20) | (0.12) | |||||||
Net asset value, end of period | $9.37 | $9.14 | $9.09 | $9.57 | $10.25 | $9.26 | |||||||
Total return3 | 3.80% | 3.36% | (2.68%) | (5.04%) | 12.81% | (3.42%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $1,563 | $1,729 | $2,675 | $3,499 | $44 | $64 | |||||||
Ratio of expenses to average net assets5 | 1.71% | 1.72%6 | 1.71% | 1.72% | 1.72% | 1.74% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 1.87% | 1.84%6 | 2.06% | 1.97% | 1.96% | 1.98% | |||||||
Ratio of net investment income to average net assets | 2.85% | 2.83% | 1.91% | 1.69% | 2.45% | 2.68% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 2.69% | 2.71% | 1.56% | 1.44% | 2.21% | 2.44% | |||||||
Portfolio turnover | 115% | 181% | 124% | 50% | 43% | 38% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
6 | The ratio of expenses to average net assets excluding interest expense and ratio of expenses to average net assets prior to fees waived excluding interest expense for the year ended March 31, 2024 were 1.71% and 1.83%, respectively. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $9.14 | $9.09 | $9.57 | $10.25 | $9.26 | $9.71 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.18 | 0.34 | 0.26 | 0.27 | 0.35 | 0.36 | |||||||
Net realized and unrealized gain (loss) | 0.20 | 0.05 | (0.43) | (0.68) | 0.93 | (0.59) | |||||||
Total from investment operations | 0.38 | 0.39 | (0.17) | (0.41) | 1.28 | (0.23) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.16) | (0.34) | (0.31) | (0.27) | (0.29) | (0.22) | |||||||
Total dividends and distributions | (0.16) | (0.34) | (0.31) | (0.27) | (0.29) | (0.22) | |||||||
Net asset value, end of period | $9.36 | $9.14 | $9.09 | $9.57 | $10.25 | $9.26 | |||||||
Total return3 | 4.22% | 4.44% | (1.76%) | (4.08%) | 13.90% | (2.45%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $215,491 | $210,566 | $179,446 | $198,358 | $2414 | $2044 | |||||||
Ratio of expenses to average net assets5 | 0.71% | 0.72%6 | 0.72% | 0.74% | 0.74% | 0.74% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 0.87% | 0.84%6 | 0.75% | 0.86% | 0.89% | 0.89% | |||||||
Ratio of net investment income to average net assets | 3.85% | 3.83% | 2.91% | 2.67% | 3.39% | 3.67% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 3.69% | 3.71% | 2.88% | 2.55% | 3.24% | 3.52% | |||||||
Portfolio turnover | 115% | 181% | 124% | 50% | 43% | 38% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
6 | The ratio of expenses to average net assets excluding interest expense and ratio of expenses to average net assets prior to fees waived excluding interest expense for the year ended March 31, 2024 were 0.71% and 0.83%, respectively. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $9.13 | $9.07 | $9.55 | $10.23 | $9.24 | $9.69 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.15 | 0.30 | 0.21 | 0.20 | 0.28 | 0.29 | |||||||
Net realized and unrealized gain (loss) | 0.21 | 0.05 | (0.43) | (0.68) | 0.93 | (0.59) | |||||||
Total from investment operations | 0.36 | 0.35 | (0.22) | (0.48) | 1.21 | (0.30) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.14) | (0.29) | (0.26) | (0.20) | (0.22) | (0.15) | |||||||
Total dividends and distributions | (0.14) | (0.29) | (0.26) | (0.20) | (0.22) | (0.15) | |||||||
Net asset value, end of period | $9.35 | $9.13 | $9.07 | $9.55 | $10.23 | $9.24 | |||||||
Total return3 | 4.00%4 | 3.98%4 | (2.31%)4 | (4.77%) | 13.13% | (3.16%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $953 | $342 | $257 | $260 | $—5,6 | $15 | |||||||
Ratio of expenses to average net assets7 | 1.21% | 1.22%8 | 1.29% | 1.45% | 1.46% | 1.47% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.37% | 1.34%8 | 1.31% | 1.45% | 1.46% | 1.47% | |||||||
Ratio of net investment income to average net assets | 3.35% | 3.33% | 2.35% | 1.96% | 2.77% | 2.95% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 3.19% | 3.21% | 2.33% | 1.96% | 2.77% | 2.95% | |||||||
Portfolio turnover | 115% | 181% | 124% | 50% | 43% | 38% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Rounds to less than $500 thousands. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
8 | The ratio of expenses to average net assets excluding interest expense and ratio of expenses to average net assets prior to fees waived excluding interest expense for the year ended March 31, 2024 were 1.21% and 1.33%, respectively. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $9.13 | $9.09 | $9.57 | $10.26 | $9.26 | $9.71 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.18 | 0.35 | 0.26 | 0.27 | 0.34 | 0.36 | |||||||
Net realized and unrealized gain (loss) | 0.22 | 0.05 | (0.43) | (0.68) | 0.95 | (0.58) | |||||||
Total from investment operations | 0.40 | 0.40 | (0.17) | (0.41) | 1.29 | (0.22) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.17) | (0.36) | (0.31) | (0.28) | (0.29) | (0.23) | |||||||
Total dividends and distributions | (0.17) | (0.36) | (0.31) | (0.28) | (0.29) | (0.23) | |||||||
Net asset value, end of period | $9.36 | $9.13 | $9.09 | $9.57 | $10.26 | $9.26 | |||||||
Total return3 | 4.40%4 | 4.50%4 | (1.75%) | (4.14%) | 14.02% | (2.42%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $193,313 | $171,002 | $132,679 | $143,870 | $625 | $235 | |||||||
Ratio of expenses to average net assets6 | 0.58% | 0.64%7 | 0.73% | 0.70% | 0.72% | 0.73% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 0.74% | 0.74%7 | 0.73% | 0.70% | 0.72% | 0.73% | |||||||
Ratio of net investment income to average net assets | 3.98% | 3.91% | 2.90% | 2.65% | 3.32% | 3.69% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 3.82% | 3.81% | 2.90% | 2.65% | 3.32% | 3.69% | |||||||
Portfolio turnover | 115% | 181% | 124% | 50% | 43% | 38% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
7 | The ratio of expenses to average net assets excluding interest expense and ratio of expenses to average net assets prior to fees waived excluding interest expense for the year ended March 31, 2024 were 0.63% and 0.73%, respectively. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $9.15 | $9.09 | $9.58 | $10.26 | $9.26 | $9.71 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.17 | 0.32 | 0.25 | 0.25 | 0.32 | 0.34 | |||||||
Net realized and unrealized gain (loss) | 0.20 | 0.05 | (0.45) | (0.68) | 0.95 | (0.59) | |||||||
Total from investment operations | 0.37 | 0.37 | (0.20) | (0.43) | 1.27 | (0.25) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.15) | (0.31) | (0.29) | (0.25) | (0.27) | (0.20) | |||||||
Total dividends and distributions | (0.15) | (0.31) | (0.29) | (0.25) | (0.27) | (0.20) | |||||||
Net asset value, end of period | $9.37 | $9.15 | $9.09 | $9.58 | $10.26 | $9.26 | |||||||
Total return3 | 4.08% | 4.21% | (2.06%) | (4.29%) | 13.76% | (2.69%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $1,906 | $1,999 | $1,879 | $881 | $14 | $14 | |||||||
Ratio of expenses to average net assets5 | 0.96% | 0.97%6 | 0.96% | 0.96% | 0.96% | 0.99% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 1.12% | 1.09%6 | 0.99% | 1.11% | 1.12% | 1.23% | |||||||
Ratio of net investment income to average net assets | 3.60% | 3.58% | 2.74% | 2.42% | 3.18% | 3.46% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 3.44% | 3.46% | 2.71% | 2.27% | 3.02% | 3.22% | |||||||
Portfolio turnover | 115% | 181% | 124% | 50% | 43% | 38% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
6 | The ratio of expenses to average net assets excluding interest expense and ratio of expenses to average net assets prior to fees waived excluding interest expense for the year ended March 31, 2024 were 0.96% and 1.08%, respectively. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $34.68 | $29.35 | $54.30 | $56.56 | $37.75 | $43.12 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | 0.12 | 0.213 | 0.22 | 0.08 | (0.04) | 0.05 | |||||||
Net realized and unrealized gain (loss) | 2.30 | 7.03 | (3.65) | 1.81 | 21.67 | (4.97) | |||||||
Total from investment operations | 2.42 | 7.24 | (3.43) | 1.89 | 21.63 | (4.92) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.20) | — | (0.19) | — | (0.09) | |||||||
Net realized gain | — | (1.71) | (21.52) | (3.96) | (2.82) | (0.36) | |||||||
Total dividends and distributions | — | (1.91) | (21.52) | (4.15) | (2.82) | (0.45) | |||||||
Net asset value, end of period | $37.10 | $34.68 | $29.35 | $54.30 | $56.56 | $37.75 | |||||||
Total return4 | 6.98%5 | 25.48%3,5 | (4.48%)5 | 2.84% | 57.85% | (11.62%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $696,356 | $346,465 | $333,400 | $481,991 | $5316 | $3696 | |||||||
Ratio of expenses to average net assets7 | 1.13% | 1.18% | 1.28% | 1.27% | 1.34% | 1.36% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.27% | 1.19% | 1.39% | 1.27% | 1.34% | 1.36% | |||||||
Ratio of net investment income (loss) to average net assets | 0.66% | 0.68% | 0.53% | 0.14% | (0.08%) | 0.11% | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | 0.52% | 0.67% | 0.42% | 0.14% | (0.08%) | 0.11% | |||||||
Portfolio turnover | 34% | 47% | 39% | 45% | 32% | 26% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income (loss) per share by $0.05 and total return by 0.17%. See Note 1 in “Notes to financial statements.” |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
5 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $20.77 | $18.40 | $43.16 | $45.65 | $31.11 | $35.84 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.01) 3 | (0.02) 4 | (0.10) | (0.40) | (0.41) | (0.28) | |||||||
Net realized and unrealized gain (loss) | 1.37 | 4.29 | (3.14) | 1.51 | 17.77 | (4.09) | |||||||
Total from investment operations | 1.36 | 4.27 | (3.24) | 1.11 | 17.36 | (4.37) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.19) | — | — | — | — | |||||||
Net realized gain | — | (1.71) | (21.52) | (3.60) | (2.82) | (0.36) | |||||||
Total dividends and distributions | — | (1.90) | (21.52) | (3.60) | (2.82) | (0.36) | |||||||
Net asset value, end of period | $22.13 | $20.77 | $18.40 | $43.16 | $45.65 | $31.11 | |||||||
Total return5 | 6.55%6 | 24.49%4,6 | (5.30%)6 | 1.88% | 56.45% | (12.42%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $3,798 | $2,164 | $2,187 | $3,530 | $57 | $57 | |||||||
Ratio of expenses to average net assets8 | 1.89% | 1.94% | 2.17% | 2.22% | 2.25% | 2.24% | |||||||
Ratio of expenses to average net assets prior to fees waived8 | 2.03% | 1.95% | 2.51% | 2.22% | 2.25% | 2.24% | |||||||
Ratio of net investment loss to average net assets | (0.10%) | (0.08%) | (0.35%) | (0.84%) | (1.00%) | (0.76%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.24%) | (0.09%) | (0.69%) | (0.84%) | (1.00%) | (0.76%) | |||||||
Portfolio turnover | 34% | 47% | 39% | 45% | 32% | 26% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statements of operations due to class specific expenses. |
4 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment loss per share by $0.03 and total return by 0.16%. See Note 1 in “Notes to financial statements.” |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
6 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
7 | Net assets reported in millions. |
8 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $36.64 | $30.86 | $55.82 | $58.10 | $38.63 | $44.10 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.17 | 0.313 | 0.37 | 0.20 | 0.10 | 0.18 | |||||||
Net realized and unrealized gain (loss) | 2.41 | 7.41 | (3.75) | 1.89 | 22.20 | (5.07) | |||||||
Total from investment operations | 2.58 | 7.72 | (3.38) | 2.09 | 22.30 | (4.89) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.23) | (0.06) | (0.41) | (0.01) | (0.22) | |||||||
Net realized gain | — | (1.71) | (21.52) | (3.96) | (2.82) | (0.36) | |||||||
Total dividends and distributions | — | (1.94) | (21.58) | (4.37) | (2.83) | (0.58) | |||||||
Net asset value, end of period | $39.22 | $36.64 | $30.86 | $55.82 | $58.10 | $38.63 | |||||||
Total return4 | 7.04% | 25.81%3 | (4.25%) | 3.09% | 58.28% | (11.35%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $234,514 | $177,272 | $196,155 | $379,099 | $4945 | $3465 | |||||||
Ratio of expenses to average net assets6 | 0.89% | 0.94% | 1.01% | 1.06% | 1.06% | 1.06% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.03% | 0.95% | 1.03% | 1.07% | 1.09% | 1.10% | |||||||
Ratio of net investment income to average net assets | 0.90% | 0.94% | 0.85% | 0.33% | 0.19% | 0.40% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 0.76% | 0.93% | 0.83% | 0.32% | 0.16% | 0.36% | |||||||
Portfolio turnover | 34% | 47% | 39% | 45% | 32% | 26% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.05 and total return by 0.16%. See Note 1 in “Notes to financial statements.” |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $33.53 | $28.46 | $53.50 | $55.69 | $37.32 | $42.69 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | 0.07 | 0.123 | 0.09 | (0.15) | (0.21) | (0.08) | |||||||
Net realized and unrealized gain (loss) | 2.22 | 6.80 | (3.61) | 1.78 | 21.40 | (4.93) | |||||||
Total from investment operations | 2.29 | 6.92 | (3.52) | 1.63 | 21.19 | (5.01) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.14) | — | (0.01) | — | — | |||||||
Net realized gain | — | (1.71) | (21.52) | (3.81) | (2.82) | (0.36) | |||||||
Total dividends and distributions | — | (1.85) | (21.52) | (3.82) | (2.82) | (0.36) | |||||||
Net asset value, end of period | $35.82 | $33.53 | $28.46 | $53.50 | $55.69 | $37.32 | |||||||
Total return4 | 6.83%5 | 25.13%3,5 | (4.74%)5 | 2.46% | 57.33% | (11.92%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $1,013 | $772 | $716 | $835 | $16 | $16 | |||||||
Ratio of expenses to average net assets7 | 1.39% | 1.44% | 1.55% | 1.66% | 1.68% | 1.68% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.53% | 1.45% | 1.57% | 1.66% | 1.68% | 1.68% | |||||||
Ratio of net investment income (loss) to average net assets | 0.40% | 0.41% | 0.23% | (0.25%) | (0.42%) | (0.18%) | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | 0.26% | 0.40% | 0.21% | (0.25%) | (0.42%) | (0.18%) | |||||||
Portfolio turnover | 34% | 47% | 39% | 45% | 32% | 26% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income (loss) per share by $0.04 and total return by 0.14%. See Note 1 in “Notes to financial statements.” |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $36.74 | $31.04 | $56.21 | $58.51 | $38.85 | $44.35 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.19 | 0.293 | 0.31 | 0.23 | 0.16 | 0.24 | |||||||
Net realized and unrealized gain (loss) | 2.43 | 7.48 | (3.70) | 1.96 | 22.35 | (5.10) | |||||||
Total from investment operations | 2.62 | 7.77 | (3.39) | 2.19 | 22.51 | (4.86) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.36) | (0.26) | (0.53) | (0.03) | (0.28) | |||||||
Net realized gain | — | (1.71) | (21.52) | (3.96) | (2.82) | (0.36) | |||||||
Total dividends and distributions | — | (2.07) | (21.78) | (4.49) | (2.85) | (0.64) | |||||||
Net asset value, end of period | $39.36 | $36.74 | $31.04 | $56.21 | $58.51 | $38.85 | |||||||
Total return4 | 7.13%5 | 25.87%3,5 | (4.20%)5 | 3.22% | 58.50% | (11.26%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $16,825 | $14,681 | $2,908 | $2,633 | $196 | $166 | |||||||
Ratio of expenses to average net assets7 | 0.79% | 0.85% | 0.98% | 0.91% | 0.94% | 0.94% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 0.95% | 0.92% | 1.00% | 0.91% | 0.94% | 0.94% | |||||||
Ratio of net investment income to average net assets | 1.00% | 0.87% | 0.73% | 0.37% | 0.31% | 0.53% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 0.84% | 0.80% | 0.71% | 0.37% | 0.31% | 0.53% | |||||||
Portfolio turnover | 34% | 47% | 39% | 45% | 32% | 26% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.05 and total return by 0.16%. See Note 1 in “Notes to financial statements.” |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $35.04 | $29.66 | $54.63 | $56.88 | $37.95 | $43.35 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | 0.12 | 0.243 | 0.21 | 0.07 | (0.05) | 0.08 | |||||||
Net realized and unrealized gain (loss) | 2.32 | 7.08 | (3.66) | 1.83 | 21.80 | (5.03) | |||||||
Total from investment operations | 2.44 | 7.32 | (3.45) | 1.90 | 21.75 | (4.95) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.23) | — | (0.19) | — | (0.09) | |||||||
Net realized gain | — | (1.71) | (21.52) | (3.96) | (2.82) | (0.36) | |||||||
Total dividends and distributions | — | (1.94) | (21.52) | (4.15) | (2.82) | (0.45) | |||||||
Net asset value, end of period | $37.48 | $35.04 | $29.66 | $54.63 | $56.88 | $37.95 | |||||||
Total return4 | 6.96% | 25.48%3 | (4.50%) | 2.85% | 57.86% | (11.63%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $3,118 | $1,860 | $1,483 | $1,962 | $35 | $25 | |||||||
Ratio of expenses to average net assets6 | 1.14% | 1.19% | 1.28% | 1.28% | 1.34% | 1.36% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.28% | 1.20% | 1.32% | 1.32% | 1.36% | 1.38% | |||||||
Ratio of net investment income (loss) to average net assets | 0.65% | 0.64% | 0.51% | 0.11% | (0.09%) | 0.19% | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | 0.51% | 0.63% | 0.47% | 0.07% | (0.11%) | 0.17% | |||||||
Portfolio turnover | 34% | 47% | 39% | 45% | 32% | 26% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income (loss) per share by $0.05 and total return by 0.17%. See Note 1 in “Notes to financial statements.” |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $6.08 | $5.87 | $6.73 | $7.10 | $5.91 | $7.20 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.19 | 0.43 | 0.44 | 0.46 | 0.41 | 0.49 | |||||||
Net realized and unrealized gain (loss) | 0.11 | 0.21 | (0.86) | (0.38) | 1.21 | (1.29) | |||||||
Total from investment operations | 0.30 | 0.64 | (0.42) | 0.08 | 1.62 | (0.80) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.19) | (0.43) | (0.44) | (0.45) | (0.43) | (0.49) | |||||||
Total dividends and distributions | (0.19) | (0.43) | (0.44) | (0.45) | (0.43) | (0.49) | |||||||
Payment by affiliates | —3,4 | — | — | — | — | — | |||||||
Net asset value, end of period | $6.19 | $6.08 | $5.87 | $6.73 | $7.10 | $5.91 | |||||||
Total return5 | 5.11%6,7 | 11.36% | (6.02%)7 | 1.09%6 | 28.16% | (12.03%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $1,363,150 | $1,109,865 | $1,196,375 | $1,576,813 | $1,8168 | $1,4658 | |||||||
Ratio of expenses to average net assets9 | 0.89% | 0.89% | 1.00% | 0.95% | 0.97% | 0.95% | |||||||
Ratio of expenses to average net assets prior to fees waived9 | 0.97% | 0.89% | 1.02% | 0.95% | 0.97% | 0.95% | |||||||
Ratio of net investment income to average net assets | 6.38% | 7.27% | 7.38% | 6.44% | 6.16% | 6.89% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 6.30% | 7.27% | 7.36% | 6.44% | 6.16% | 6.89% | |||||||
Portfolio turnover | 31% | 30% | 50% | 48% | 59% | 30% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount is less than $0.005 per share. |
4 | See Note 2 in “Notes to financial statements.” |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
6 | Payments by affiliates had no impact on net asset value and total return. |
7 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
8 | Net assets reported in millions. |
9 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $6.08 | $5.87 | $6.73 | $7.10 | $5.91 | $7.20 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.17 | 0.39 | 0.40 | 0.40 | 0.36 | 0.44 | |||||||
Net realized and unrealized gain (loss) | 0.11 | 0.20 | (0.86) | (0.37) | 1.22 | (1.29) | |||||||
Total from investment operations | 0.28 | 0.59 | (0.46) | 0.03 | 1.58 | (0.85) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.17) | (0.38) | (0.40) | (0.40) | (0.39) | (0.44) | |||||||
Total dividends and distributions | (0.17) | (0.38) | (0.40) | (0.40) | (0.39) | (0.44) | |||||||
Payment by affiliates | —3,4 | — | — | — | — | — | |||||||
Net asset value, end of period | $6.19 | $6.08 | $5.87 | $6.73 | $7.10 | $5.91 | |||||||
Total return5 | 4.72%6,7 | 10.53% | (6.70%)7 | 0.38%6,7 | 27.28%7 | (12.66%)7 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $100,910 | $111,787 | $141,497 | $221,601 | $3218 | $4478 | |||||||
Ratio of expenses to average net assets9 | 1.64% | 1.64% | 1.71% | 1.66% | 1.66% | 1.66% | |||||||
Ratio of expenses to average net assets prior to fees waived9 | 1.72% | 1.64% | 1.81% | 1.70% | 1.70% | 1.68% | |||||||
Ratio of net investment income to average net assets | 5.63% | 6.52% | 6.64% | 5.72% | 5.50% | 6.17% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 5.55% | 6.52% | 6.54% | 5.68% | 5.46% | 6.15% | |||||||
Portfolio turnover | 31% | 30% | 50% | 48% | 59% | 30% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount is less than $0.005 per share. |
4 | See Note 2 in “Notes to financial statements.” |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
6 | Payments by affiliates had no impact on net asset value and total return. |
7 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
8 | Net assets reported in millions. |
9 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $6.08 | $5.87 | $6.73 | $7.10 | $5.91 | $7.20 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.20 | 0.44 | 0.45 | 0.47 | 0.43 | 0.50 | |||||||
Net realized and unrealized gain (loss) | 0.11 | 0.21 | (0.85) | (0.37) | 1.21 | (1.29) | |||||||
Total from investment operations | 0.31 | 0.65 | (0.40) | 0.10 | 1.64 | (0.79) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.20) | (0.44) | (0.46) | (0.47) | (0.45) | (0.50) | |||||||
Total dividends and distributions | (0.20) | (0.44) | (0.46) | (0.47) | (0.45) | (0.50) | |||||||
Payment by affiliates | —3,4 | — | — | — | — | — | |||||||
Net asset value, end of period | $6.19 | $6.08 | $5.87 | $6.73 | $7.10 | $5.91 | |||||||
Total return5 | 5.24%6,7 | 11.63% | (5.79%) | 1.31%6 | 28.44% | (11.83%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $1,097,867 | $1,013,680 | $1,035,891 | $1,454,150 | $1,8688 | $1,4878 | |||||||
Ratio of expenses to average net assets9 | 0.64% | 0.64% | 0.75% | 0.74% | 0.75% | 0.73% | |||||||
Ratio of expenses to average net assets prior to fees waived9 | 0.72% | 0.64% | 0.75% | 0.74% | 0.75% | 0.73% | |||||||
Ratio of net investment income to average net assets | 6.63% | 7.52% | 7.61% | 6.66% | 6.38% | 7.11% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 6.55% | 7.52% | 7.61% | 6.66% | 6.38% | 7.11% | |||||||
Portfolio turnover | 31% | 30% | 50% | 48% | 59% | 30% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount is less than $0.005 per share. |
4 | See Note 2 in “Notes to financial statements.” |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
6 | Payments by affiliates had no impact on net asset value and total return. |
7 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
8 | Net assets reported in millions. |
9 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $6.08 | $5.87 | $6.73 | $7.10 | $5.91 | $7.20 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.19 | 0.41 | 0.42 | 0.43 | 0.39 | 0.46 | |||||||
Net realized and unrealized gain (loss) | 0.11 | 0.21 | (0.85) | (0.37) | 1.21 | (1.29) | |||||||
Total from investment operations | 0.30 | 0.62 | (0.43) | 0.06 | 1.60 | (0.83) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.19) | (0.41) | (0.43) | (0.43) | (0.41) | (0.46) | |||||||
Total dividends and distributions | (0.19) | (0.41) | (0.43) | (0.43) | (0.41) | (0.46) | |||||||
Payment by affiliates | —3,4 | — | — | — | — | — | |||||||
Net asset value, end of period | $6.19 | $6.08 | $5.87 | $6.73 | $7.10 | $5.91 | |||||||
Total return5 | 4.98%6,7 | 11.08% | (6.29%) | 0.71%6 | 27.67% | (12.36%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $35,183 | $32,778 | $34,322 | $44,613 | $488 | $458 | |||||||
Ratio of expenses to average net assets9 | 1.14% | 1.14% | 1.28% | 1.34% | 1.35% | 1.32% | |||||||
Ratio of expenses to average net assets prior to fees waived9 | 1.22% | 1.14% | 1.28% | 1.34% | 1.35% | 1.32% | |||||||
Ratio of net investment income to average net assets | 6.13% | 7.02% | 7.09% | 6.05% | 5.79% | 6.52% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 6.05% | 7.02% | 7.09% | 6.05% | 5.79% | 6.52% | |||||||
Portfolio turnover | 31% | 30% | 50% | 48% | 59% | 30% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount is less than $0.005 per share. |
4 | See Note 2 in “Notes to financial statements.” |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
6 | Payments by affiliates had no impact on net asset value and total return. |
7 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
8 | Net assets reported in millions. |
9 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $6.08 | $5.87 | $6.73 | $7.10 | $5.91 | $7.20 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.20 | 0.45 | 0.46 | 0.48 | 0.44 | 0.51 | |||||||
Net realized and unrealized gain (loss) | 0.11 | 0.20 | (0.86) | (0.37) | 1.21 | (1.29) | |||||||
Total from investment operations | 0.31 | 0.65 | (0.40) | 0.11 | 1.65 | (0.78) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.20) | (0.44) | (0.46) | (0.48) | (0.46) | (0.51) | |||||||
Total dividends and distributions | (0.20) | (0.44) | (0.46) | (0.48) | (0.46) | (0.51) | |||||||
Payment by affiliates | —3,4 | — | — | — | — | — | |||||||
Net asset value, end of period | $6.19 | $6.08 | $5.87 | $6.73 | $7.10 | $5.91 | |||||||
Total return5 | 5.29%6,7 | 11.64% | (5.68%) | 1.45%6 | 28.63% | (11.69%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $105,157 | $53,111 | $59,659 | $64,630 | $678 | $648 | |||||||
Ratio of expenses to average net assets9 | 0.55% | 0.62% | 0.64% | 0.60% | 0.60% | 0.58% | |||||||
Ratio of expenses to average net assets prior to fees waived9 | 0.63% | 0.62% | 0.64% | 0.60% | 0.60% | 0.58% | |||||||
Ratio of net investment income to average net assets | 6.72% | 7.57% | 7.78% | 6.78% | 6.54% | 7.27% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 6.64% | 7.57% | 7.78% | 6.78% | 6.54% | 7.27% | |||||||
Portfolio turnover | 31% | 30% | 50% | 48% | 59% | 30% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount is less than $0.005 per share. |
4 | See Note 2 in “Notes to financial statements.” |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
6 | Payments by affiliates had no impact on net asset value and total return. |
7 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
8 | Net assets reported in millions. |
9 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $6.08 | $5.87 | $6.73 | $7.10 | $5.91 | $7.20 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.19 | 0.43 | 0.44 | 0.45 | 0.41 | 0.49 | |||||||
Net realized and unrealized gain (loss) | 0.11 | 0.21 | (0.86) | (0.37) | 1.21 | (1.29) | |||||||
Total from investment operations | 0.30 | 0.64 | (0.42) | 0.08 | 1.62 | (0.80) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.19) | (0.43) | (0.44) | (0.45) | (0.43) | (0.49) | |||||||
Total dividends and distributions | (0.19) | (0.43) | (0.44) | (0.45) | (0.43) | (0.49) | |||||||
Payment by affiliates | —3,4 | — | — | — | — | — | |||||||
Net asset value, end of period | $6.19 | $6.08 | $5.87 | $6.73 | $7.10 | $5.91 | |||||||
Total return5 | 5.11%6,7 | 11.35% | (6.02%) | 1.09%6,7 | 28.17%7 | (12.03%)7 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $52,652 | $56,376 | $68,758 | $99,847 | $1388 | $1338 | |||||||
Ratio of expenses to average net assets9 | 0.89% | 0.89% | 1.00% | 0.96% | 0.97% | 0.95% | |||||||
Ratio of expenses to average net assets prior to fees waived9 | 0.97% | 0.89% | 1.00% | 0.99% | 1.00% | 0.98% | |||||||
Ratio of net investment income to average net assets | 6.38% | 7.27% | 7.34% | 6.37% | 6.17% | 6.87% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 6.30% | 7.27% | 7.34% | 6.34% | 6.14% | 6.84% | |||||||
Portfolio turnover | 31% | 30% | 50% | 48% | 59% | 30% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount is less than $0.005 per share. |
4 | See Note 2 in “Notes to financial statements.” |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
6 | Payments by affiliates had no impact on net asset value and total return. |
7 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
8 | Net assets reported in millions. |
9 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $20.99 | $18.83 | $19.09 | $19.82 | $13.29 | $16.75 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.22 | 0.393 | 0.38 | 0.18 | 0.23 | 0.26 | |||||||
Net realized and unrealized gain (loss) | 0.66 | 2.284 | (0.50) | (0.41) | 6.48 | (3.30) | |||||||
Total from investment operations | 0.88 | 2.67 | (0.12) | (0.23) | 6.71 | (3.04) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.51) | (0.14) | (0.50) | (0.18) | (0.42) | |||||||
Total dividends and distributions | — | (0.51) | (0.14) | (0.50) | (0.18) | (0.42) | |||||||
Payment by affiliates | —5,6 | — | — | — | — | — | |||||||
Net asset value, end of period | $21.87 | $20.99 | $18.83 | $19.09 | $19.82 | $13.29 | |||||||
Total return7 | 4.19%8 | 14.36%3,4 | (0.55%) | (1.28%) | 50.62% | (18.72%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $460,085 | $293,102 | $278,607 | $329,081 | $3889 | $3229 | |||||||
Ratio of expenses to average net assets10 | 1.03% | 1.04% | 1.11% | 1.23% | 1.23% | 1.25% | |||||||
Ratio of expenses to average net assets prior to fees waived10 | 1.28% | 1.26% | 1.42% | 1.36% | 1.35% | 1.31% | |||||||
Ratio of net investment income to average net assets | 2.07% | 2.01% | 2.20% | 0.89% | 1.33% | 1.57% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.82% | 1.79% | 1.89% | 0.76% | 1.21% | 1.51% | |||||||
Portfolio turnover | 41% | 42% | 43% | 71% | 76% | 62% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.07 and total return by 0.37%. See Note 1 in “Notes to financial statements.” |
4 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.02 and total return by 0.11%. |
5 | Amount is less than $0.005 per share. |
6 | See Note 2 in “Notes to financial statements.” |
7 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
8 | Payments by affiliates had no impact on net asset value and total return. |
9 | Net assets reported in millions. |
10 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $18.24 | $16.39 | $16.62 | $17.33 | $11.65 | $14.75 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.12 | 0.233 | 0.22 | 0.04 | 0.09 | 0.14 | |||||||
Net realized and unrealized gain (loss) | 0.57 | 1.954 | (0.43) | (0.36) | 5.68 | (2.91) | |||||||
Total from investment operations | 0.69 | 2.18 | (0.21) | (0.32) | 5.77 | (2.77) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.33) | (0.02) | (0.39) | (0.09) | (0.33) | |||||||
Total dividends and distributions | — | (0.33) | (0.02) | (0.39) | (0.09) | (0.33) | |||||||
Payment by affiliates | —5,6 | — | — | — | — | — | |||||||
Net asset value, end of period | $18.93 | $18.24 | $16.39 | $16.62 | $17.33 | $11.65 | |||||||
Total return7 | 3.78%8 | 13.47%3,4 | (1.23%) | (1.97%) | 49.63% | (19.30%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $17,363 | $18,338 | $28,549 | $45,987 | $679 | $779 | |||||||
Ratio of expenses to average net assets10 | 1.78% | 1.79% | 1.84% | 1.92% | 1.92% | 1.93% | |||||||
Ratio of expenses to average net assets prior to fees waived10 | 2.03% | 2.01% | 2.20% | 2.06% | 2.05% | 1.99% | |||||||
Ratio of net investment income to average net assets | 1.32% | 1.34% | 1.46% | 0.23% | 0.58% | 0.94% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.07% | 1.12% | 1.10% | 0.09% | 0.45% | 0.88% | |||||||
Portfolio turnover | 41% | 42% | 43% | 71% | 76% | 62% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.06 and total return by 0.37%. See Note 1 in “Notes to financial statements.” |
4 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.02 and total return by 0.12%. |
5 | Amount is less than $0.005 per share. |
6 | See Note 2 in “Notes to financial statements.” |
7 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
8 | Payments by affiliates had no impact on net asset value and total return. |
9 | Net assets reported in millions. |
10 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $21.18 | $19.00 | $19.24 | $19.98 | $13.39 | $16.86 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.25 | 0.453 | 0.45 | 0.28 | 0.29 | 0.35 | |||||||
Net realized and unrealized gain (loss) | 0.67 | 2.284 | (0.50) | (0.42) | 6.55 | (3.32) | |||||||
Total from investment operations | 0.92 | 2.73 | (0.05) | (0.14) | 6.84 | (2.97) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.55) | (0.19) | (0.60) | (0.25) | (0.50) | |||||||
Total dividends and distributions | — | (0.55) | (0.19) | (0.60) | (0.25) | (0.50) | |||||||
Payment by affiliates | —5,6 | — | — | — | — | — | |||||||
Net asset value, end of period | $22.10 | $21.18 | $19.00 | $19.24 | $19.98 | $13.39 | |||||||
Total return7 | 4.34%8 | 14.59%3,4 | (0.17%) | (0.88%) | 51.27% | (18.30%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $822,318 | $693,391 | $723,002 | $1,024,716 | $1,4089 | $1,4839 | |||||||
Ratio of expenses to average net assets10 | 0.78% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | |||||||
Ratio of expenses to average net assets prior to fees waived10 | 1.03% | 1.01% | 0.94% | 1.02% | 1.03% | 0.98% | |||||||
Ratio of net investment income to average net assets | 2.32% | 2.27% | 2.54% | 1.34% | 1.72% | 2.08% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 2.07% | 2.05% | 2.39% | 1.11% | 1.48% | 1.89% | |||||||
Portfolio turnover | 41% | 42% | 43% | 71% | 76% | 62% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.07 and total return by 0.37%. See Note 1 in “Notes to financial statements.” |
4 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.02 and total return by 0.11%. |
5 | Amount is less than $0.005 per share. |
6 | See Note 2 in “Notes to financial statements.” |
7 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
8 | Payments by affiliates had no impact on net asset value and total return. |
9 | Net assets reported in millions. |
10 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $20.97 | $18.81 | $19.07 | $19.80 | $13.29 | $16.75 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.19 | 0.343 | 0.33 | 0.12 | 0.17 | 0.20 | |||||||
Net realized and unrealized gain (loss) | 0.66 | 2.274 | (0.49) | (0.41) | 6.48 | (3.28) | |||||||
Total from investment operations | 0.85 | 2.61 | (0.16) | (0.29) | 6.65 | (3.08) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.45) | (0.10) | (0.44) | (0.14) | (0.38) | |||||||
Total dividends and distributions | — | (0.45) | (0.10) | (0.44) | (0.14) | (0.38) | |||||||
Payment by affiliates | —5,6 | — | — | — | — | — | |||||||
Net asset value, end of period | $21.82 | $20.97 | $18.81 | $19.07 | $19.80 | $13.29 | |||||||
Total return7 | 4.05%8 | 14.06%3,4 | (0.78%) | (1.57%) | 50.08% | (18.93%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $40,900 | $40,627 | $41,758 | $47,807 | $559 | $479 | |||||||
Ratio of expenses to average net assets10 | 1.28% | 1.29% | 1.37% | 1.53% | 1.53% | 1.53% | |||||||
Ratio of expenses to average net assets prior to fees waived10 | 1.53% | 1.51% | 1.51% | 1.63% | 1.62% | 1.57% | |||||||
Ratio of net investment income to average net assets | 1.82% | 1.77% | 1.92% | 0.58% | 1.02% | 1.21% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.57% | 1.55% | 1.78% | 0.48% | 0.93% | 1.17% | |||||||
Portfolio turnover | 41% | 42% | 43% | 71% | 76% | 62% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.07 and total return by 0.37%. See Note 1 in “Notes to financial statements.” |
4 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.02 and total return by 0.11%. |
5 | Amount is less than $0.005 per share. |
6 | See Note 2 in “Notes to financial statements.” |
7 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
8 | Payments by affiliates had no impact on net asset value and total return. |
9 | Net assets reported in millions. |
10 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $21.24 | $19.05 | $19.30 | $20.03 | $13.43 | $16.91 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.26 | 0.463 | 0.45 | 0.29 | 0.29 | 0.36 | |||||||
Net realized and unrealized gain (loss) | 0.68 | 2.294 | (0.51) | (0.42) | 6.56 | (3.34) | |||||||
Total from investment operations | 0.94 | 2.75 | (0.06) | (0.13) | 6.85 | (2.98) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.56) | (0.19) | (0.60) | (0.25) | (0.50) | |||||||
Total dividends and distributions | — | (0.56) | (0.19) | (0.60) | (0.25) | (0.50) | |||||||
Payment by affiliates | —5,6 | — | — | — | — | — | |||||||
Net asset value, end of period | $22.18 | $21.24 | $19.05 | $19.30 | $20.03 | $13.43 | |||||||
Total return7 | 4.43%8 | 14.69%3,4 | (0.22%) | (0.83%) | 51.19% | (18.31%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $237,994 | $244,996 | $243,848 | $347,008 | $4979 | $6209 | |||||||
Ratio of expenses to average net assets10 | 0.66% | 0.71% | 0.79% | 0.79% | 0.79% | 0.79% | |||||||
Ratio of expenses to average net assets prior to fees waived10 | 0.93% | 0.93% | 0.93% | 0.88% | 0.88% | 0.83% | |||||||
Ratio of net investment income to average net assets | 2.44% | 2.36% | 2.55% | 1.37% | 1.69% | 2.09% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 2.17% | 2.14% | 2.41% | 1.28% | 1.60% | 2.05% | |||||||
Portfolio turnover | 41% | 42% | 43% | 71% | 76% | 62% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.07 and total return by 0.37%. See Note 1 in “Notes to financial statements.” |
4 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.02 and total return by 0.10%. |
5 | Amount is less than $0.005 per share. |
6 | See Note 2 in “Notes to financial statements.” |
7 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
8 | Payments by affiliates had no impact on net asset value and total return. |
9 | Net assets reported in millions. |
10 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $21.16 | $18.99 | $19.24 | $19.98 | $13.39 | $16.87 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.22 | 0.403 | 0.39 | 0.21 | 0.22 | 0.27 | |||||||
Net realized and unrealized gain (loss) | 0.68 | 2.274 | (0.49) | (0.43) | 6.56 | (3.32) | |||||||
Total from investment operations | 0.90 | 2.67 | (0.10) | (0.22) | 6.78 | (3.05) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.50) | (0.15) | (0.52) | (0.19) | (0.43) | |||||||
Total dividends and distributions | — | (0.50) | (0.15) | (0.52) | (0.19) | (0.43) | |||||||
Payment by affiliates | —5,6 | — | — | — | — | — | |||||||
Net asset value, end of period | $22.06 | $21.16 | $18.99 | $19.24 | $19.98 | $13.39 | |||||||
Total return7 | 4.25%8 | 14.27%3,4 | (0.46%) | (1.26%) | 50.76% | (18.65%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $37,407 | $38,817 | $41,120 | $49,433 | $919 | $1769 | |||||||
Ratio of expenses to average net assets10 | 1.03% | 1.04% | 1.09% | 1.18% | 1.17% | 1.18% | |||||||
Ratio of expenses to average net assets prior to fees waived10 | 1.28% | 1.26% | 1.24% | 1.28% | 1.29% | 1.23% | |||||||
Ratio of net investment income to average net assets | 2.07% | 2.01% | 2.20% | 0.99% | 1.33% | 1.62% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.82% | 1.79% | 2.05% | 0.89% | 1.21% | 1.57% | |||||||
Portfolio turnover | 41% | 42% | 43% | 71% | 76% | 62% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.07 and total return by 0.37%. See Note 1 in “Notes to financial statements.” |
4 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.02 and total return by 0.11%. |
5 | Amount is less than $0.005 per share. |
6 | See Note 2 in “Notes to financial statements.” |
7 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
8 | Payments by affiliates had no impact on net asset value and total return. |
9 | Net assets reported in millions. |
10 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $32.68 | $25.18 | $31.11 | $29.35 | $20.52 | $22.73 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.04) | (0.07) | (0.06) | (0.12) | (0.07) | (0.02) | |||||||
Net realized and unrealized gain (loss) | 3.19 | 8.48 | (2.99) | 5.20 | 10.80 | 0.85 | |||||||
Total from investment operations | 3.15 | 8.41 | (3.05) | 5.08 | 10.73 | 0.83 | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (0.91) | (2.88) | (3.32) | (1.90) | (3.04) | |||||||
Total dividends and distributions | — | (0.91) | (2.88) | (3.32) | (1.90) | (3.04) | |||||||
Net asset value, end of period | $35.83 | $32.68 | $25.18 | $31.11 | $29.35 | $20.52 | |||||||
Total return3 | 9.64%4 | 33.90%4 | (9.24%)4 | 16.52% | 52.78% | 2.18% | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $3,351,185 | $2,532,714 | $2,127,513 | $2,834,191 | $2,7405 | $1,9365 | |||||||
Ratio of expenses to average net assets6 | 0.89% | 0.89% | 0.93% | 0.94% | 0.98% | 1.01% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 0.97% | 0.99% | 1.00% | 0.94% | 0.98% | 1.01% | |||||||
Ratio of net investment loss to average net assets | (0.26%) | (0.25%) | (0.22%) | (0.36%) | (0.24%) | (0.07%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.34%) | (0.35%) | (0.29%) | (0.28%) | (0.36%) | (0.24%) | |||||||
Portfolio turnover | 9% | 9% | 20% | 12% | 23% | 33% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $22.17 | $17.46 | $22.78 | $22.15 | $15.94 | $18.30 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.12) | (0.20) | (0.19) | (0.30) | (0.22) | (0.17) | |||||||
Net realized and unrealized gain (loss) | 2.17 | 5.82 | (2.25) | 3.96 | 8.33 | 0.75 | |||||||
Total from investment operations | 2.05 | 5.62 | (2.44) | 3.66 | 8.11 | 0.58 | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (0.91) | (2.88) | (3.03) | (1.90) | (2.94) | |||||||
Total dividends and distributions | — | (0.91) | (2.88) | (3.03) | (1.90) | (2.94) | |||||||
Net asset value, end of period | $24.22 | $22.17 | $17.46 | $22.78 | $22.15 | $15.94 | |||||||
Total return3 | 9.25%4 | 32.90%4 | (9.97%)4 | 15.55% | 51.46% | 1.38% | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $65,427 | $61,156 | $44,773 | $63,666 | $695 | $695 | |||||||
Ratio of expenses to average net assets6 | 1.64% | 1.64% | 1.73% | 1.80% | 1.82% | 1.83% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.72% | 1.74% | 1.90% | 1.80% | 1.82% | 1.83% | |||||||
Ratio of net investment loss to average net assets | (1.01%) | (1.00%) | (1.03%) | (1.23%) | (1.07%) | (0.89%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (1.09%) | (1.10%) | (1.20%) | (1.23%) | (1.07%) | (0.89%) | |||||||
Portfolio turnover | 9% | 9% | 20% | 12% | 23% | 33% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $35.92 | $27.53 | $33.61 | $31.48 | $21.90 | $24.09 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | —3 | —4 | 0.02 | (0.02) | 0.03 | 0.06 | |||||||
Net realized and unrealized gain (loss) | 3.52 | 9.30 | (3.22) | 5.56 | 11.52 | 0.89 | |||||||
Total from investment operations | 3.52 | 9.30 | (3.20) | 5.54 | 11.55 | 0.95 | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | — | — | — | (0.01) | (0.07) | |||||||
Net realized gain | — | (0.91) | (2.88) | (3.41) | (1.96) | (3.07) | |||||||
Total dividends and distributions | — | (0.91) | (2.88) | (3.41) | (1.97) | (3.14) | |||||||
Net asset value, end of period | $39.44 | $35.92 | $27.53 | $33.61 | $31.48 | $21.90 | |||||||
Total return5 | 9.80% | 34.24% | (8.99%) | 16.87% | 53.25% | 2.51% | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $4,606,323 | $3,830,418 | $2,723,101 | $2,626,992 | $2,5276 | $1,8196 | |||||||
Ratio of expenses to average net assets7 | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% | 0.69% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 0.72% | 0.74% | 0.66% | 0.77% | 0.79% | 0.80% | |||||||
Ratio of net investment income (loss) to average net assets | (0.01%) | —8 | 0.07% | (0.06%) | 0.09% | 0.24% | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | (0.09%) | (0.10%) | 0.05% | (0.19%) | (0.06%) | 0.13% | |||||||
Portfolio turnover | 9% | 9% | 20% | 12% | 23% | 33% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount is less than $(0.005) per share. |
4 | Amount is less than $0.005 per share. |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
8 | Amount is less than 0.005%. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $30.03 | $23.26 | $29.09 | $27.57 | $19.43 | $21.69 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.08) | (0.13) | (0.12) | (0.24) | (0.16) | (0.10) | |||||||
Net realized and unrealized gain (loss) | 2.94 | 7.81 | (2.83) | 4.89 | 10.20 | 0.82 | |||||||
Total from investment operations | 2.86 | 7.68 | (2.95) | 4.65 | 10.04 | 0.72 | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (0.91) | (2.88) | (3.13) | (1.90) | (2.98) | |||||||
Total dividends and distributions | — | (0.91) | (2.88) | (3.13) | (1.90) | (2.98) | |||||||
Net asset value, end of period | $32.89 | $30.03 | $23.26 | $29.09 | $27.57 | $19.43 | |||||||
Total return3 | 9.52%4 | 33.56%4 | (9.55%)4 | 16.07% | 52.17% | 1.75% | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $35,878 | $34,190 | $10,598 | $12,298 | $135 | $135 | |||||||
Ratio of expenses to average net assets6 | 1.14% | 1.14% | 1.23% | 1.37% | 1.38% | 1.40% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.22% | 1.24% | 1.24% | 1.37% | 1.38% | 1.40% | |||||||
Ratio of net investment loss to average net assets | (0.51%) | (0.50%) | (0.51%) | (0.79%) | (0.63%) | (0.46%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.59%) | (0.60%) | (0.52%) | (0.79%) | (0.63%) | (0.46%) | |||||||
Portfolio turnover | 9% | 9% | 20% | 12% | 23% | 33% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $36.27 | $27.78 | $33.89 | $31.71 | $22.05 | $24.25 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | 0.013 | 0.02 | 0.03 | (0.02) | 0.03 | 0.07 | |||||||
Net realized and unrealized gain (loss) | 3.56 | 9.38 | (3.26) | 5.61 | 11.61 | 0.89 | |||||||
Total from investment operations | 3.57 | 9.40 | (3.23) | 5.59 | 11.64 | 0.96 | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | — | — | — | (0.02) | (0.09) | |||||||
Net realized gain | — | (0.91) | (2.88) | (3.41) | (1.96) | (3.07) | |||||||
Total dividends and distributions | — | (0.91) | (2.88) | (3.41) | (1.98) | (3.16) | |||||||
Net asset value, end of period | $39.84 | $36.27 | $27.78 | $33.89 | $31.71 | $22.05 | |||||||
Total return4 | 9.84%5 | 34.29%5 | (9.01%)5 | 16.90% | 53.28% | 2.54% | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $320,286 | $313,272 | $185,287 | $166,623 | $1646 | $1076 | |||||||
Ratio of expenses to average net assets7 | 0.56% | 0.58% | 0.64% | 0.64% | 0.64% | 0.66% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 0.63% | 0.65% | 0.66% | 0.64% | 0.64% | 0.66% | |||||||
Ratio of net investment income (loss) to average net assets | 0.07% | 0.06% | 0.09% | (0.06%) | 0.10% | 0.28% | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | —8 | (0.01%) | 0.07% | (0.06%) | 0.10% | 0.28% | |||||||
Portfolio turnover | 9% | 9% | 20% | 12% | 23% | 33% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statements of operations due to class specific expenses. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
8 | Amount is less than 0.005%. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $34.10 | $26.24 | $32.29 | $30.36 | $21.18 | $23.37 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.05) | (0.07) | (0.06) | (0.13) | (0.07) | (0.02) | |||||||
Net realized and unrealized gain (loss) | 3.34 | 8.84 | (3.11) | 5.37 | 11.15 | 0.86 | |||||||
Total from investment operations | 3.29 | 8.77 | (3.17) | 5.24 | 11.08 | 0.84 | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (0.91) | (2.88) | (3.31) | (1.90) | (3.03) | |||||||
Total dividends and distributions | — | (0.91) | (2.88) | (3.31) | (1.90) | (3.03) | |||||||
Net asset value, end of period | $37.39 | $34.10 | $26.24 | $32.29 | $30.36 | $21.18 | |||||||
Total return3 | 9.65% | 33.90% | (9.28%) | 16.51% | 52.78% | 2.19% | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $41,790 | $32,584 | $24,849 | $35,926 | $314 | $264 | |||||||
Ratio of expenses to average net assets5 | 0.89% | 0.89% | 0.95% | 0.95% | 0.98% | 1.01% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 0.97% | 0.99% | 0.96% | 1.02% | 1.04% | 1.05% | |||||||
Ratio of net investment loss to average net assets | (0.26%) | (0.25%) | (0.24%) | (0.37%) | (0.24%) | (0.08%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.34%) | (0.35%) | (0.25%) | (0.44%) | (0.30%) | (0.12%) | |||||||
Portfolio turnover | 9% | 9% | 20% | 12% | 23% | 33% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $28.16 | $26.14 | $32.31 | $37.42 | $22.28 | $25.28 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.08) | (0.13) | (0.16) | (0.29) | (0.23) | (0.15) | |||||||
Net realized and unrealized gain (loss) | (0.06) | 3.90 | (3.20) | 0.11 | 19.03 | (1.42) | |||||||
Total from investment operations | (0.14) | 3.77 | (3.36) | (0.18) | 18.80 | (1.57) | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (1.75) | (2.81) | (4.93) | (3.66) | (1.43) | |||||||
Total dividends and distributions | — | (1.75) | (2.81) | (4.93) | (3.66) | (1.43) | |||||||
Net asset value, end of period | $28.02 | $28.16 | $26.14 | $32.31 | $37.42 | $22.28 | |||||||
Total return3 | (0.50%)4 | 15.44%4 | (10.07%)4 | (1.90%) | 85.37%4 | (7.20%)4 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $2,048,053 | $1,549,167 | $1,582,726 | $2,158,678 | $2,4535 | $1,3915 | |||||||
Ratio of expenses to average net assets6 | 1.04% | 1.04% | 1.09% | 1.12% | 1.16% | 1.20% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.20% | 1.23% | 1.21% | 1.12% | 1.17% | 1.23% | |||||||
Ratio of net investment loss to average net assets | (0.57%) | (0.49%) | (0.59%) | (0.76%) | (0.68%) | (0.55%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.73%) | (0.68%) | (0.71%) | (0.76%) | (0.69%) | (0.58%) | |||||||
Portfolio turnover | 19% | 27% | 23% | 27% | 33% | 22% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $19.94 | $19.16 | $24.74 | $29.76 | $18.26 | $21.02 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.13) | (0.23) | (0.28) | (0.48) | (0.39) | (0.28) | |||||||
Net realized and unrealized gain (loss) | (0.04) | 2.76 | (2.49) | 0.20 | 15.51 | (1.15) | |||||||
Total from investment operations | (0.17) | 2.53 | (2.77) | (0.28) | 15.12 | (1.43) | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (1.75) | (2.81) | (4.74) | (3.62) | (1.33) | |||||||
Total dividends and distributions | — | (1.75) | (2.81) | (4.74) | (3.62) | (1.33) | |||||||
Net asset value, end of period | $19.77 | $19.94 | $19.16 | $24.74 | $29.76 | $18.26 | |||||||
Total return3 | (0.85%)4 | 14.56%4 | (10.79%)4 | (2.67%) | 83.95%4 | (7.88%)4 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $87,494 | $68,708 | $75,826 | $121,668 | $1705 | $1435 | |||||||
Ratio of expenses to average net assets6 | 1.79% | 1.79% | 1.88% | 1.93% | 1.92% | 1.95% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.95% | 1.98% | 2.06% | 1.93% | 1.94% | 1.98% | |||||||
Ratio of net investment loss to average net assets | (1.32%) | (1.24%) | (1.38%) | (1.57%) | (1.43%) | (1.30%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (1.48%) | (1.43%) | (1.56%) | (1.57%) | (1.45%) | (1.33%) | |||||||
Portfolio turnover | 19% | 27% | 23% | 27% | 33% | 22% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $32.52 | $29.84 | $36.32 | $41.48 | $24.41 | $27.52 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.05) | (0.07) | (0.09) | (0.18) | (0.12) | (0.04) | |||||||
Net realized and unrealized gain (loss) | (0.07) | 4.50 | (3.58) | 0.07 | 20.89 | (1.57) | |||||||
Total from investment operations | (0.12) | 4.43 | (3.67) | (0.11) | 20.77 | (1.61) | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (1.75) | (2.81) | (5.05) | (3.70) | (1.50) | |||||||
Total dividends and distributions | — | (1.75) | (2.81) | (5.05) | (3.70) | (1.50) | |||||||
Net asset value, end of period | $32.40 | $32.52 | $29.84 | $36.32 | $41.48 | $24.41 | |||||||
Total return3 | (0.37%) | 15.74% | (9.80%) | (1.56%) | 86.00% | (6.75%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $3,045,413 | $3,054,252 | $2,887,695 | $3,577,939 | $3,6094 | $1,8984 | |||||||
Ratio of expenses to average net assets5 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 0.95% | 0.98% | 0.84% | 0.95% | 0.97% | 1.00% | |||||||
Ratio of net investment loss to average net assets | (0.32%) | (0.24%) | (0.28%) | (0.43%) | (0.31%) | (0.15%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.48%) | (0.43%) | (0.33%) | (0.59%) | (0.49%) | (0.36%) | |||||||
Portfolio turnover | 19% | 27% | 23% | 27% | 33% | 22% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $26.44 | $24.71 | $30.81 | $35.92 | $21.54 | $24.51 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.10) | (0.18) | (0.22) | (0.44) | (0.35) | (0.23) | |||||||
Net realized and unrealized gain (loss) | (0.06) | 3.66 | (3.07) | 0.14 | 18.37 | (1.37) | |||||||
Total from investment operations | (0.16) | 3.48 | (3.29) | (0.30) | 18.02 | (1.60) | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (1.75) | (2.81) | (4.81) | (3.64) | (1.37) | |||||||
Total dividends and distributions | — | (1.75) | (2.81) | (4.81) | (3.64) | (1.37) | |||||||
Net asset value, end of period | $26.28 | $26.44 | $24.71 | $30.81 | $35.92 | $21.54 | |||||||
Total return3 | (0.61%) | 15.15% | (10.34%) | (2.30%) | 84.62% | (7.47%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $56,965 | $54,529 | $58,839 | $74,908 | $884 | $464 | |||||||
Ratio of expenses to average net assets5 | 1.29% | 1.29% | 1.38% | 1.54% | 1.55% | 1.55% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 1.45% | 1.48% | 1.42% | 1.55% | 1.56% | 1.58% | |||||||
Ratio of net investment loss to average net assets | (0.82%) | (0.74%) | (0.87%) | (1.18%) | (1.07%) | (0.90%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.98%) | (0.93%) | (0.91%) | (1.19%) | (1.08%) | (0.93%) | |||||||
Portfolio turnover | 19% | 27% | 23% | 27% | 33% | 22% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $32.97 | $30.21 | $36.73 | $41.89 | $24.63 | $27.76 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.03) | (0.05) | (0.08) | (0.18) | (0.13) | (0.04) | |||||||
Net realized and unrealized gain (loss) | (0.08) | 4.56 | (3.63) | 0.07 | 21.09 | (1.59) | |||||||
Total from investment operations | (0.11) | 4.51 | (3.71) | (0.11) | 20.96 | (1.63) | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (1.75) | (2.81) | (5.05) | (3.70) | (1.50) | |||||||
Total dividends and distributions | — | (1.75) | (2.81) | (5.05) | (3.70) | (1.50) | |||||||
Net asset value, end of period | $32.86 | $32.97 | $30.21 | $36.73 | $41.89 | $24.63 | |||||||
Total return3 | (0.33%) | 15.82% | (9.80%) | (1.54%) | 86.00% | (6.77%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $1,228,250 | $1,292,279 | $1,048,374 | $980,539 | $7364 | $2564 | |||||||
Ratio of expenses to average net assets5 | 0.69% | 0.72% | 0.79% | 0.79% | 0.79% | 0.79% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 0.84% | 0.86% | 0.83% | 0.80% | 0.82% | 0.85% | |||||||
Ratio of net investment loss to average net assets | (0.22%) | (0.18%) | (0.28%) | (0.43%) | (0.33%) | (0.15%) | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | (0.37%) | (0.32%) | (0.32%) | (0.44%) | (0.36%) | (0.21%) | |||||||
Portfolio turnover | 19% | 27% | 23% | 27% | 33% | 22% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $30.36 | $28.04 | $34.43 | $39.57 | $23.45 | $26.53 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.08) | (0.14) | (0.17) | (0.31) | (0.24) | (0.15) | |||||||
Net realized and unrealized gain (loss) | (0.07) | 4.21 | (3.41) | 0.09 | 20.02 | (1.50) | |||||||
Total from investment operations | (0.15) | 4.07 | (3.58) | (0.22) | 19.78 | (1.65) | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (1.75) | (2.81) | (4.92) | (3.66) | (1.43) | |||||||
Total dividends and distributions | — | (1.75) | (2.81) | (4.92) | (3.66) | (1.43) | |||||||
Net asset value, end of period | $30.21 | $30.36 | $28.04 | $34.43 | $39.57 | $23.45 | |||||||
Total return3 | (0.49%) | 15.46% | (10.09%) | (1.89%) | 85.29% | (7.14%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $207,875 | $226,978 | $223,692 | $284,480 | $3634 | $2154 | |||||||
Ratio of expenses to average net assets5 | 1.04% | 1.04% | 1.09% | 1.13% | 1.16% | 1.20% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 1.20% | 1.23% | 1.13% | 1.19% | 1.21% | 1.24% | |||||||
Ratio of net investment loss to average net assets | (0.57%) | (0.49%) | (0.59%) | (0.77%) | (0.68%) | (0.55%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.73%) | (0.68%) | (0.63%) | (0.83%) | (0.73%) | (0.59%) | |||||||
Portfolio turnover | 19% | 27% | 23% | 27% | 33% | 22% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $19.66 | $17.26 | $18.81 | $18.38 | $10.98 | $13.98 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.14 | 0.29 | 0.27 | 0.18 | 0.21 | 0.25 | |||||||
Net realized and unrealized gain (loss) | 0.81 | 3.08 | (1.15) | 0.89 | 7.40 | (2.96) | |||||||
Total from investment operations | 0.95 | 3.37 | (0.88) | 1.07 | 7.61 | (2.71) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.14) | (0.33) | (0.27) | (0.18) | (0.21) | (0.24) | |||||||
Net realized gain | — | (0.64) | (0.40) | (0.46) | — | (0.05) | |||||||
Total dividends and distributions | (0.14) | (0.97) | (0.67) | (0.64) | (0.21) | (0.29) | |||||||
Net asset value, end of period | $20.47 | $19.66 | $17.26 | $18.81 | $18.38 | $10.98 | |||||||
Total return3 | 4.84% | 20.24% | (4.73%) | 5.71% | 69.70% | (19.84%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $159,917 | $164,478 | $171,183 | $188,631 | $1784 | $1114 | |||||||
Ratio of expenses to average net assets5 | 1.08% | 1.08% | 1.12% | 1.21% | 1.24% | 1.27% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 1.29% | 1.25% | 1.26% | 1.26% | 1.31% | 1.34% | |||||||
Ratio of net investment income to average net assets | 1.43% | 1.63% | 1.58% | 0.95% | 1.42% | 1.70% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.22% | 1.46% | 1.44% | 0.90% | 1.35% | 1.63% | |||||||
Portfolio turnover | 15% | 17% | 29% | 20% | 23% | 25% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $19.62 | $17.22 | $18.71 | $18.30 | $10.93 | $13.92 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.07 | 0.16 | 0.14 | 0.04 | 0.10 | 0.14 | |||||||
Net realized and unrealized gain (loss) | 0.79 | 3.07 | (1.14) | 0.87 | 7.37 | (2.95) | |||||||
Total from investment operations | 0.86 | 3.23 | (1.00) | 0.91 | 7.47 | (2.81) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.06) | (0.19) | (0.09) | (0.04) | (0.10) | (0.13) | |||||||
Net realized gain | — | (0.64) | (0.40) | (0.46) | — | (0.05) | |||||||
Total dividends and distributions | (0.06) | (0.83) | (0.49) | (0.50) | (0.10) | (0.18) | |||||||
Net asset value, end of period | $20.42 | $19.62 | $17.22 | $18.71 | $18.30 | $10.93 | |||||||
Total return3 | 4.40% | 19.36% | (5.42%) | 4.85% | 68.61% | (20.50%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $16,591 | $18,742 | $20,280 | $27,245 | $244 | $154 | |||||||
Ratio of expenses to average net assets5 | 1.83% | 1.83% | 1.88% | 1.96% | 2.00% | 2.02% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 2.04% | 2.00% | 2.02% | 2.01% | 2.07% | 2.09% | |||||||
Ratio of net investment income to average net assets | 0.68% | 0.88% | 0.82% | 0.21% | 0.66% | 0.95% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 0.47% | 0.71% | 0.68% | 0.16% | 0.59% | 0.88% | |||||||
Portfolio turnover | 15% | 17% | 29% | 20% | 23% | 25% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $19.68 | $17.27 | $18.84 | $18.42 | $10.99 | $14.00 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.16 | 0.33 | 0.33 | 0.26 | 0.27 | 0.31 | |||||||
Net realized and unrealized gain (loss) | 0.80 | 3.09 | (1.16) | 0.88 | 7.43 | (2.97) | |||||||
Total from investment operations | 0.96 | 3.42 | (0.83) | 1.14 | 7.70 | (2.66) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.16) | (0.37) | (0.34) | (0.26) | (0.27) | (0.30) | |||||||
Net realized gain | — | (0.64) | (0.40) | (0.46) | — | (0.05) | |||||||
Total dividends and distributions | (0.16) | (1.01) | (0.74) | (0.72) | (0.27) | (0.35) | |||||||
Net asset value, end of period | $20.48 | $19.68 | $17.27 | $18.84 | $18.42 | $10.99 | |||||||
Total return3 | 4.92% | 20.58% | (4.42%) | 6.05% | 70.58% | (19.53%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $832,950 | $865,423 | $996,722 | $1,399,865 | $1,2244 | $4014 | |||||||
Ratio of expenses to average net assets5 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 1.04% | 1.00% | 0.89% | 1.07% | 1.06% | 1.08% | |||||||
Ratio of net investment income to average net assets | 1.68% | 1.88% | 1.87% | 1.34% | 1.78% | 2.13% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.47% | 1.71% | 1.81% | 1.10% | 1.55% | 1.88% | |||||||
Portfolio turnover | 15% | 17% | 29% | 20% | 23% | 25% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $19.65 | $17.26 | $18.77 | $18.35 | $10.96 | $13.96 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.11 | 0.23 | 0.22 | 0.12 | 0.16 | 0.20 | |||||||
Net realized and unrealized gain (loss) | 0.80 | 3.10 | (1.15) | 0.87 | 7.39 | (2.96) | |||||||
Total from investment operations | 0.91 | 3.33 | (0.93) | 0.99 | 7.55 | (2.76) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.11) | (0.30) | (0.18) | (0.11) | (0.16) | (0.19) | |||||||
Net realized gain | — | (0.64) | (0.40) | (0.46) | — | (0.05) | |||||||
Total dividends and distributions | (0.11) | (0.94) | (0.58) | (0.57) | (0.16) | (0.24) | |||||||
Net asset value, end of period | $20.45 | $19.65 | $17.26 | $18.77 | $18.35 | $10.96 | |||||||
Total return3 | 4.67% | 20.00% | (4.99%) | 5.28% | 69.22% | (20.15%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $12,336 | $13,117 | $1,131 | $1,205 | $14 | $34 | |||||||
Ratio of expenses to average net assets5 | 1.33% | 1.33% | 1.41% | 1.58% | 1.58% | 1.59% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 1.54% | 1.50% | 1.47% | 1.63% | 1.64% | 1.66% | |||||||
Ratio of net investment income to average net assets | 1.18% | 1.31% | 1.29% | 0.60% | 1.16% | 1.38% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 0.97% | 1.14% | 1.23% | 0.55% | 1.10% | 1.31% | |||||||
Portfolio turnover | 15% | 17% | 29% | 20% | 23% | 25% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $19.68 | $17.28 | $18.84 | $18.42 | $10.99 | $14.01 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.17 | 0.35 | 0.33 | 0.26 | 0.27 | 0.32 | |||||||
Net realized and unrealized gain (loss) | 0.80 | 3.08 | (1.15) | 0.88 | 7.43 | (2.98) | |||||||
Total from investment operations | 0.97 | 3.43 | (0.82) | 1.14 | 7.70 | (2.66) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.17) | (0.39) | (0.34) | (0.26) | (0.27) | (0.31) | |||||||
Net realized gain | — | (0.64) | (0.40) | (0.46) | — | (0.05) | |||||||
Total dividends and distributions | (0.17) | (1.03) | (0.74) | (0.72) | (0.27) | (0.36) | |||||||
Net asset value, end of period | $20.48 | $19.68 | $17.28 | $18.84 | $18.42 | $10.99 | |||||||
Total return3 | 4.97% | 20.63% | (4.37%) | 6.05% | 70.58% | (19.57%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $92,930 | $95,789 | $89,010 | $112,720 | $1034 | $654 | |||||||
Ratio of expenses to average net assets5 | 0.72% | 0.76% | 0.83% | 0.83% | 0.83% | 0.83% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 0.94% | 0.93% | 0.89% | 0.89% | 0.92% | 0.93% | |||||||
Ratio of net investment income to average net assets | 1.79% | 1.95% | 1.87% | 1.34% | 1.80% | 2.15% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.57% | 1.78% | 1.81% | 1.28% | 1.71% | 2.05% | |||||||
Portfolio turnover | 15% | 17% | 29% | 20% | 23% | 25% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $19.78 | $17.37 | $18.81 | $18.39 | $10.98 | $13.98 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.14 | 0.29 | 0.27 | 0.18 | 0.21 | 0.25 | |||||||
Net realized and unrealized gain (loss) | 0.80 | 3.10 | (1.14) | 0.88 | 7.41 | (2.96) | |||||||
Total from investment operations | 0.94 | 3.39 | (0.87) | 1.06 | 7.62 | (2.71) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.13) | (0.34) | (0.17) | (0.18) | (0.21) | (0.24) | |||||||
Net realized gain | — | (0.64) | (0.40) | (0.46) | — | (0.05) | |||||||
Total dividends and distributions | (0.13) | (0.98) | (0.57) | (0.64) | (0.21) | (0.29) | |||||||
Net asset value, end of period | $20.59 | $19.78 | $17.37 | $18.81 | $18.39 | $10.98 | |||||||
Total return3 | 4.81% | 20.21% | (4.68%) | 5.63% | 69.84% | (19.89%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $13,612 | $14,885 | $11,656 | $27,888 | $384 | $134 | |||||||
Ratio of expenses to average net assets5 | 1.08% | 1.08% | 1.15% | 1.22% | 1.24% | 1.26% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 1.29% | 1.25% | 1.22% | 1.30% | 1.31% | 1.33% | |||||||
Ratio of net investment income to average net assets | 1.43% | 1.63% | 1.52% | 0.92% | 1.40% | 1.71% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.22% | 1.46% | 1.45% | 0.84% | 1.33% | 1.64% | |||||||
Portfolio turnover | 15% | 17% | 29% | 20% | 23% | 25% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $12.97 | $11.67 | $14.47 | $22.28 | $13.27 | $17.19 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.06) | (0.09) | (0.07) | (0.16) | (0.18) | (0.15) | |||||||
Net realized and unrealized gain (loss) | 0.24 | 1.993 | (2.12) | (1.56) | 11.15 | (2.59) | |||||||
Total from investment operations | 0.18 | 1.90 | (2.19) | (1.72) | 10.97 | (2.74) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | — | — | (0.19) | — | — | |||||||
Net realized gain | — | (0.60) | (0.61) | (5.90) | (1.96) | (1.18) | |||||||
Total dividends and distributions | — | (0.60) | (0.61) | (6.09) | (1.96) | (1.18) | |||||||
Payment by affiliates | —4,5 | — | — | — | — | — | |||||||
Net asset value, end of period | $13.15 | $12.97 | $11.67 | $14.47 | $22.28 | $13.27 | |||||||
Total return6 | 1.39%7,8 | 16.98%3,8 | (14.90%)8 | (8.23%) | 84.34% | (17.35%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $615,773 | $647,245 | $681,798 | $1,030,905 | $1,3189 | $7889 | |||||||
Ratio of expenses to average net assets10 | 1.14% | 1.14% | 1.21% | 1.24% | 1.26% | 1.31% | |||||||
Ratio of expenses to average net assets prior to fees waived10 | 1.31% | 1.25% | 1.34% | 1.24% | 1.26% | 1.31% | |||||||
Ratio of net investment loss to average net assets | (0.88%) | (0.80%) | (0.58%) | (0.81%) | (0.93%) | (0.87%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (1.05%) | (0.91%) | (0.71%) | (0.81%) | (0.93%) | (0.87%) | |||||||
Portfolio turnover | 33% | 55% | 51% | 40% | 57% | 40% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.01 and total return by 0.09%. |
4 | Amount is less than $0.005 per share. |
5 | See Note 2 in “Notes to financial statements.” |
6 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
7 | Payments by affiliates had no impact on net asset value and total return. |
8 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
9 | Net assets reported in millions. |
10 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $7.06 | $6.67 | $8.66 | $15.96 | $9.92 | $13.23 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.06) | (0.10) | (0.09) | (0.22) | (0.24) | (0.21) | |||||||
Net realized and unrealized gain (loss) | 0.13 | 1.09 | (1.29) | (1.07) | 8.24 | (1.92) | |||||||
Total from investment operations | 0.07 | 0.99 | (1.38) | (1.29) | 8.00 | (2.13) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | — | — | (0.11) | — | — | |||||||
Net realized gain | — | (0.60) | (0.61) | (5.90) | (1.96) | (1.18) | |||||||
Total dividends and distributions | — | (0.60) | (0.61) | (6.01) | (1.96) | (1.18) | |||||||
Payment by affiliates | —3,4 | — | — | — | — | — | |||||||
Net asset value, end of period | $7.13 | $7.06 | $6.67 | $8.66 | $15.96 | $9.92 | |||||||
Total return5 | 0.99%6,7 | 16.04%7 | (15.56%)7 | (8.89%)7 | 82.81% | (17.94%)7 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $18,762 | $16,724 | $20,607 | $36,063 | $578 | $518 | |||||||
Ratio of expenses to average net assets9 | 1.89% | 1.89% | 1.95% | 2.04% | 2.04% | 2.05% | |||||||
Ratio of expenses to average net assets prior to fees waived9 | 2.06% | 2.00% | 2.28% | 2.11% | 2.04% | 2.09% | |||||||
Ratio of net investment loss to average net assets | (1.63%) | (1.55%) | (1.33%) | (1.62%) | (1.69%) | (1.62%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (1.80%) | (1.66%) | (1.66%) | (1.69%) | (1.69%) | (1.66%) | |||||||
Portfolio turnover | 33% | 55% | 51% | 40% | 57% | 40% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount is less than $0.005 per share. |
4 | See Note 2 in “Notes to financial statements.” |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
6 | Payments by affiliates had no impact on net asset value and total return. |
7 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
8 | Net assets reported in millions. |
9 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $22.06 | $19.39 | $23.48 | $32.06 | $18.51 | $23.43 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.07) | (0.11) | (0.05) | (0.14) | (0.15) | (0.11) | |||||||
Net realized and unrealized gain (loss) | 0.40 | 3.383 | (3.43) | (2.28) | 15.66 | (3.63) | |||||||
Total from investment operations | 0.33 | 3.27 | (3.48) | (2.42) | 15.51 | (3.74) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | — | — | (0.26) | — | — | |||||||
Net realized gain | — | (0.60) | (0.61) | (5.90) | (1.96) | (1.18) | |||||||
Total dividends and distributions | — | (0.60) | (0.61) | (6.16) | (1.96) | (1.18) | |||||||
Payment by affiliates | —4,5 | — | — | — | — | — | |||||||
Net asset value, end of period | $22.39 | $22.06 | $19.39 | $23.48 | $32.06 | $18.51 | |||||||
Total return6 | 1.50%7 | 17.29%3 | (14.68%) | (7.88%) | 85.00% | (16.99%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $469,227 | $468,025 | $560,403 | $904,112 | $1,2168 | $7788 | |||||||
Ratio of expenses to average net assets9 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% | |||||||
Ratio of expenses to average net assets prior to fees waived9 | 1.06% | 1.00% | 0.92% | 1.02% | 1.03% | 1.04% | |||||||
Ratio of net investment loss to average net assets | (0.63%) | (0.55%) | (0.26%) | (0.46%) | (0.55%) | (0.46%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.80%) | (0.66%) | (0.29%) | (0.59%) | (0.69%) | (0.61%) | |||||||
Portfolio turnover | 33% | 55% | 51% | 40% | 57% | 40% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.01 and total return by 0.05%. |
4 | Amount is less than $0.005 per share. |
5 | See Note 2 in “Notes to financial statements.” |
6 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
7 | Payments by affiliates had no impact on net asset value and total return. |
8 | Net assets reported in millions. |
9 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $12.18 | $11.02 | $13.75 | $21.50 | $12.89 | $16.78 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.07) | (0.11) | (0.10) | (0.23) | (0.24) | (0.20) | |||||||
Net realized and unrealized gain (loss) | 0.23 | 1.873 | (2.02) | (1.49) | 10.81 | (2.51) | |||||||
Total from investment operations | 0.16 | 1.76 | (2.12) | (1.72) | 10.57 | (2.71) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | — | — | (0.13) | — | — | |||||||
Net realized gain | — | (0.60) | (0.61) | (5.90) | (1.96) | (1.18) | |||||||
Total dividends and distributions | — | (0.60) | (0.61) | (6.03) | (1.96) | (1.18) | |||||||
Payment by affiliates | —4,5 | — | — | — | — | — | |||||||
Net asset value, end of period | $12.34 | $12.18 | $11.02 | $13.75 | $21.50 | $12.89 | |||||||
Total return6 | 1.31%7,8 | 16.70%3,8 | (15.18%)8 | (8.57%) | 83.70% | (17.60%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $44,462 | $44,935 | $43,146 | $56,050 | $709 | $439 | |||||||
Ratio of expenses to average net assets10 | 1.39% | 1.39% | 1.48% | 1.61% | 1.62% | 1.63% | |||||||
Ratio of expenses to average net assets prior to fees waived10 | 1.56% | 1.50% | 1.50% | 1.61% | 1.62% | 1.63% | |||||||
Ratio of net investment loss to average net assets | (1.13%) | (1.05%) | (0.84%) | (1.19%) | (1.29%) | (1.19%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (1.30%) | (1.16%) | (0.86%) | (1.19%) | (1.29%) | (1.19%) | |||||||
Portfolio turnover | 33% | 55% | 51% | 40% | 57% | 40% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.01 and total return by 0.09%. |
4 | Amount is less than $0.005 per share. |
5 | See Note 2 in “Notes to financial statements.” |
6 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
7 | Payments by affiliates had no impact on net asset value and total return. |
8 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
9 | Net assets reported in millions. |
10 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $22.30 | $19.58 | $23.70 | $32.30 | $18.63 | $23.58 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.06) | (0.09) | (0.05) | (0.13) | (0.15) | (0.10) | |||||||
Net realized and unrealized gain (loss) | 0.42 | 3.413 | (3.46) | (2.30) | 15.78 | (3.67) | |||||||
Total from investment operations | 0.36 | 3.32 | (3.51) | (2.43) | 15.63 | (3.77) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | — | — | (0.27) | — | — | |||||||
Net realized gain | — | (0.60) | (0.61) | (5.90) | (1.96) | (1.18) | |||||||
Total dividends and distributions | — | (0.60) | (0.61) | (6.17) | (1.96) | (1.18) | |||||||
Payment by affiliates | —4,5 | — | — | — | — | — | |||||||
Net asset value, end of period | $22.66 | $22.30 | $19.58 | $23.70 | $32.30 | $18.63 | |||||||
Total return6 | 1.61%7,8 | 17.38%3,8 | (14.67%)8 | (7.88%) | 85.10% | (17.01%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $129,699 | $175,469 | $157,251 | $209,855 | $2529 | $1619 | |||||||
Ratio of expenses to average net assets10 | 0.76% | 0.80% | 0.89% | 0.87% | 0.87% | 0.89% | |||||||
Ratio of expenses to average net assets prior to fees waived10 | 0.94% | 0.91% | 0.91% | 0.87% | 0.87% | 0.89% | |||||||
Ratio of net investment loss to average net assets | (0.50%) | (0.46%) | (0.25%) | (0.44%) | (0.54%) | (0.44%) | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | (0.68%) | (0.57%) | (0.27%) | (0.44%) | (0.54%) | (0.44%) | |||||||
Portfolio turnover | 33% | 55% | 51% | 40% | 57% | 40% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.01 and total return by 0.05%. |
4 | Amount is less than $0.005 per share. |
5 | See Note 2 in “Notes to financial statements.” |
6 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
7 | Payments by affiliates had no impact on net asset value and total return. |
8 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
9 | Net assets reported in millions. |
10 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $19.56 | $17.31 | $21.10 | $29.47 | $17.17 | $21.90 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.08) | (0.14) | (0.10) | (0.22) | (0.23) | (0.18) | |||||||
Net realized and unrealized gain (loss) | 0.36 | 2.993 | (3.08) | (2.08) | 14.49 | (3.37) | |||||||
Total from investment operations | 0.28 | 2.85 | (3.18) | (2.30) | 14.26 | (3.55) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | — | — | (0.17) | — | — | |||||||
Net realized gain | — | (0.60) | (0.61) | (5.90) | (1.96) | (1.18) | |||||||
Total dividends and distributions | — | (0.60) | (0.61) | (6.07) | (1.96) | (1.18) | |||||||
Payment by affiliates | —4,5 | — | — | — | — | — | |||||||
Net asset value, end of period | $19.84 | $19.56 | $17.31 | $21.10 | $29.47 | $17.17 | |||||||
Total return6 | 1.43%7,8 | 16.93%3,8 | (14.91%)8 | (8.19%)8 | 84.34% | (17.36%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $30,867 | $34,019 | $72,634 | $99,698 | $1359 | $919 | |||||||
Ratio of expenses to average net assets10 | 1.14% | 1.14% | 1.19% | 1.23% | 1.26% | 1.28% | |||||||
Ratio of expenses to average net assets prior to fees waived10 | 1.31% | 1.25% | 1.21% | 1.26% | 1.26% | 1.28% | |||||||
Ratio of net investment loss to average net assets | (0.88%) | (0.80%) | (0.56%) | (0.81%) | (0.93%) | (0.84%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (1.05%) | (0.91%) | (0.58%) | (0.84%) | (0.93%) | (0.84%) | |||||||
Portfolio turnover | 33% | 55% | 51% | 40% | 57% | 40% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.01 and total return by 0.06%. |
4 | Amount is less than $0.005 per share. |
5 | See Note 2 in “Notes to financial statements.” |
6 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
7 | Payments by affiliates had no impact on net asset value and total return. |
8 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
9 | Net assets reported in millions. |
10 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $15.82 | $13.21 | $18.43 | $22.43 | $12.88 | $16.87 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | 0.02 | 0.04 | 0.05 | (0.04) | (0.06) | (0.04) | |||||||
Net realized and unrealized gain (loss) | 0.93 | 2.69 | (1.44) | (0.18) | 9.61 | (3.83) | |||||||
Total from investment operations | 0.95 | 2.73 | (1.39) | (0.22) | 9.55 | (3.87) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.03) | (0.11) | (0.05) | — | — | — | |||||||
Net realized gain | — | — | (3.78) | (3.78) | — | (0.12) | |||||||
Return of capital | — | (0.01) | — | — | — | — | |||||||
Total dividends and distributions | (0.03) | (0.12) | (3.83) | (3.78) | — | (0.12) | |||||||
Payment by affiliates | —3,4 | — | — | — | — | — | |||||||
Net asset value, end of period | $16.74 | $15.82 | $13.21 | $18.43 | $22.43 | $12.88 | |||||||
Total return5 | 6.02%6 | 20.70% | (7.02%) | (1.21%) | 74.15% | (23.13%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $114,356 | $115,867 | $111,950 | $151,380 | $1767 | $1147 | |||||||
Ratio of expenses to average net assets8 | 1.14% | 1.14% | 1.23% | 1.33% | 1.37% | 1.38% | |||||||
Ratio of expenses to average net assets prior to fees waived8 | 1.37% | 1.27% | 1.44% | 1.36% | 1.41% | 1.41% | |||||||
Ratio of net investment income (loss) to average net assets | 0.28% | 0.29% | 0.33% | (0.19%) | (0.37%) | (0.24%) | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | 0.05% | 0.16% | 0.12% | (0.22%) | (0.41%) | (0.27%) | |||||||
Portfolio turnover | 8% | 13% | 13% | 122% | 127% | 138% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount is less than $0.005 per share. |
4 | See Note 2 in “Notes to financial statements.” |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
6 | Payments by affiliates had no impact on net asset value and total return. |
7 | Net assets reported in millions. |
8 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $11.68 | $9.82 | $14.84 | $18.75 | $10.85 | $14.32 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.03) 3 | (0.05) 3 | (0.05) | (0.17) | (0.15) | (0.14) | |||||||
Net realized and unrealized gain (loss) | 0.69 | 1.99 | (1.18) | (0.14) | 8.05 | (3.21) | |||||||
Total from investment operations | 0.66 | 1.94 | (1.23) | (0.31) | 7.90 | (3.35) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.01) | (0.07) | (0.01) | — | — | — | |||||||
Net realized gain | — | — | (3.78) | (3.60) | — | (0.12) | |||||||
Return of capital | — | (0.01) | — | — | — | — | |||||||
Total dividends and distributions | (0.01) | (0.08) | (3.79) | (3.60) | — | (0.12) | |||||||
Payment by affiliates | —4,5 | — | — | — | — | — | |||||||
Net asset value, end of period | $12.33 | $11.68 | $9.82 | $14.84 | $18.75 | $10.85 | |||||||
Total return6 | 5.65%7 | 19.77% | (7.71%) | (1.93%) | 72.81% | (23.62%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $10,526 | $11,117 | $12,188 | $17,505 | $228 | $208 | |||||||
Ratio of expenses to average net assets9 | 1.89% | 1.89% | 1.98% | 2.07% | 2.09% | 2.10% | |||||||
Ratio of expenses to average net assets prior to fees waived9 | 2.12% | 2.02% | 2.18% | 2.10% | 2.12% | 2.12% | |||||||
Ratio of net investment loss to average net assets | (0.47%) | (0.46%) | (0.42%) | (0.94%) | (1.07%) | (0.96%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.70%) | (0.59%) | (0.62%) | (0.97%) | (1.10%) | (0.98%) | |||||||
Portfolio turnover | 8% | 13% | 13% | 122% | 127% | 138% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | The per share amount of net investment income (loss) does not directly correlate to the amounts reported in the Statements of operations due to class specific expenses. |
4 | Amount is less than $0.005 per share. |
5 | See Note 2 in “Notes to financial statements.” |
6 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
7 | Payments by affiliates had no impact on net asset value and total return. |
8 | Net assets reported in millions. |
9 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $18.35 | $15.28 | $20.60 | $24.68 | $14.10 | $18.40 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.05 | 0.09 | 0.12 | 0.06 | 0.02 | 0.05 | |||||||
Net realized and unrealized gain (loss) | 1.07 | 3.11 | (1.60) | (0.21) | 10.56 | (4.19) | |||||||
Total from investment operations | 1.12 | 3.20 | (1.48) | (0.15) | 10.58 | (4.14) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.04) | (0.12) | (0.06) | — | — | (0.02) | |||||||
Net realized gain | — | — | (3.78) | (3.93) | — | (0.14) | |||||||
Return of capital | — | (0.01) | — | — | — | — | |||||||
Total dividends and distributions | (0.04) | (0.13) | (3.84) | (3.93) | — | (0.16) | |||||||
Payment by affiliates | —3,4 | — | — | — | — | — | |||||||
Net asset value, end of period | $19.43 | $18.35 | $15.28 | $20.60 | $24.68 | $14.10 | |||||||
Total return5 | 6.12%6 | 21.01% | (6.69%) | (0.79%) | 75.04% | (22.74%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $159,238 | $144,334 | $159,794 | $316,727 | $4517 | $3047 | |||||||
Ratio of expenses to average net assets8 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% | |||||||
Ratio of expenses to average net assets prior to fees waived8 | 1.12% | 1.02% | 0.97% | 1.07% | 1.09% | 1.10% | |||||||
Ratio of net investment income to average net assets | 0.53% | 0.54% | 0.68% | 0.25% | 0.11% | 0.25% | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | 0.30% | 0.41% | 0.60% | 0.07% | (0.09%) | 0.04% | |||||||
Portfolio turnover | 8% | 13% | 13% | 122% | 127% | 138% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount is less than $0.005 per share. |
4 | See Note 2 in “Notes to financial statements.” |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
6 | Payments by affiliates had no impact on net asset value and total return. |
7 | Net assets reported in millions. |
8 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $15.57 | $13.01 | $18.22 | $22.20 | $12.78 | $16.78 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | —3 | —3 | 0.01 | (0.11) | (0.11) | (0.09) | |||||||
Net realized and unrealized gain (loss) | 0.91 | 2.65 | (1.42) | (0.19) | 9.53 | (3.79) | |||||||
Total from investment operations | 0.91 | 2.65 | (1.41) | (0.30) | 9.42 | (3.88) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.01) | (0.08) | (0.02) | — | — | — | |||||||
Net realized gain | — | — | (3.78) | (3.68) | — | (0.12) | |||||||
Return of capital | — | (0.01) | — | — | — | — | |||||||
Total dividends and distributions | (0.01) | (0.09) | (3.80) | (3.68) | — | (0.12) | |||||||
Payment by affiliates | —3,4 | — | — | — | — | — | |||||||
Net asset value, end of period | $16.47 | $15.57 | $13.01 | $18.22 | $22.20 | $12.78 | |||||||
Total return5 | 5.87%6 | 20.38% | (7.21%) | (1.57%) | 73.71% | (23.32%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $22,166 | $21,641 | $18,550 | $22,950 | $257 | $157 | |||||||
Ratio of expenses to average net assets8 | 1.39% | 1.39% | 1.48% | 1.64% | 1.64% | 1.65% | |||||||
Ratio of expenses to average net assets prior to fees waived8 | 1.62% | 1.52% | 1.54% | 1.67% | 1.67% | 1.67% | |||||||
Ratio of net investment income (loss) to average net assets | 0.03% | 0.04% | 0.08% | (0.50%) | (0.64%) | (0.52%) | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | (0.20%) | (0.09%) | 0.02% | (0.53%) | (0.67%) | (0.54%) | |||||||
Portfolio turnover | 8% | 13% | 13% | 122% | 127% | 138% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount is less than $0.005 per share. |
4 | See Note 2 in “Notes to financial statements.” |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
6 | Payments by affiliates had no impact on net asset value and total return. |
7 | Net assets reported in millions. |
8 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $18.60 | $15.48 | $20.80 | $24.88 | $14.22 | $18.55 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.06 | 0.10 | 0.12 | 0.06 | 0.02 | 0.05 | |||||||
Net realized and unrealized gain (loss) | 1.09 | 3.16 | (1.62) | (0.21) | 10.64 | (4.22) | |||||||
Total from investment operations | 1.15 | 3.26 | (1.50) | (0.15) | 10.66 | (4.17) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.05) | (0.13) | (0.04) | — | — | (0.02) | |||||||
Net realized gain | — | — | (3.78) | (3.93) | — | (0.14) | |||||||
Return of capital | — | (0.01) | — | — | — | — | |||||||
Total dividends and distributions | (0.05) | (0.14) | (3.82) | (3.93) | — | (0.16) | |||||||
Payment by affiliates | —3,4 | — | — | — | — | — | |||||||
Net asset value, end of period | $19.70 | $18.60 | $15.48 | $20.80 | $24.88 | $14.22 | |||||||
Total return5 | 6.20%6 | 21.17% | (6.73%) | (0.79%) | 74.96% | (22.72%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $40,795 | $40,997 | $39,951 | $82,144 | $777 | $597 | |||||||
Ratio of expenses to average net assets8 | 0.76% | 0.80% | 0.89% | 0.89% | 0.89% | 0.89% | |||||||
Ratio of expenses to average net assets prior to fees waived8 | 1.00% | 0.99% | 0.96% | 0.94% | 0.95% | 0.95% | |||||||
Ratio of net investment income to average net assets | 0.66% | 0.63% | 0.67% | 0.25% | 0.11% | 0.24% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 0.42% | 0.44% | 0.60% | 0.20% | 0.05% | 0.18% | |||||||
Portfolio turnover | 8% | 13% | 13% | 122% | 127% | 138% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount is less than $0.005 per share. |
4 | See Note 2 in “Notes to financial statements.” |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
6 | Payments by affiliates had no impact on net asset value and total return. |
7 | Net assets reported in millions. |
8 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $17.30 | $14.42 | $19.71 | $23.73 | $13.62 | $17.81 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | 0.03 | 0.04 | 0.06 | (0.04) | (0.05) | (0.03) | |||||||
Net realized and unrealized gain (loss) | 1.01 | 2.94 | (1.53) | (0.19) | 10.16 | (4.04) | |||||||
Total from investment operations | 1.04 | 2.98 | (1.47) | (0.23) | 10.11 | (4.07) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.02) | (0.09) | (0.04) | — | — | — | |||||||
Net realized gain | — | — | (3.78) | (3.79) | — | (0.12) | |||||||
Return of capital | — | (0.01) | — | — | — | — | |||||||
Total dividends and distributions | (0.02) | (0.10) | (3.82) | (3.79) | — | (0.12) | |||||||
Payment by affiliates | —3,4 | — | — | — | — | — | |||||||
Net asset value, end of period | $18.32 | $17.30 | $14.42 | $19.71 | $23.73 | $13.62 | |||||||
Total return5 | 6.03%6 | 20.73% | (7.00%) | (1.19%) | 74.23% | (23.08%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $5,825 | $5,772 | $5,348 | $8,110 | $97 | $77 | |||||||
Ratio of expenses to average net assets8 | 1.14% | 1.14% | 1.20% | 1.30% | 1.30% | 1.32% | |||||||
Ratio of expenses to average net assets prior to fees waived8 | 1.37% | 1.27% | 1.27% | 1.33% | 1.34% | 1.35% | |||||||
Ratio of net investment income (loss) to average net assets | 0.28% | 0.29% | 0.35% | (0.17%) | (0.28%) | (0.19%) | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | 0.05% | 0.16% | 0.28% | (0.20%) | (0.32%) | (0.22%) | |||||||
Portfolio turnover | 8% | 13% | 13% | 122% | 127% | 138% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount is less than $0.005 per share. |
4 | See Note 2 in “Notes to financial statements.” |
5 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
6 | Payments by affiliates had no impact on net asset value and total return. |
7 | Net assets reported in millions. |
8 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $18.55 | $17.37 | $22.54 | $28.07 | $15.61 | $19.15 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | 0.25 | 0.45 | 0.68 | 0.15 | (0.01) | 0.12 | |||||||
Net realized and unrealized gain (loss) | 1.52 | 1.30 | (3.40) | (5.54) | 12.68 | (3.51) | |||||||
Total from investment operations | 1.77 | 1.75 | (2.72) | (5.39) | 12.67 | (3.39) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.57) | (0.20) | (0.14) | (0.21) | (0.15) | |||||||
Net realized gain | — | — | (2.25) | — | — | — | |||||||
Total dividends and distributions | — | (0.57) | (2.45) | (0.14) | (0.21) | (0.15) | |||||||
Net asset value, end of period | $20.32 | $18.55 | $17.37 | $22.54 | $28.07 | $15.61 | |||||||
Total return3 | 9.54%4 | 10.31%4 | (11.42%)4 | (19.25%)4 | 81.21% | (17.87%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $157,573 | $158,396 | $179,755 | $263,968 | $3775 | $2295 | |||||||
Ratio of expenses to average net assets6 | 1.05% | 1.09% | 1.15% | 1.35% | 1.39% | 1.46% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.51% | 1.51% | 1.57% | 1.37% | 1.39% | 1.46% | |||||||
Ratio of net investment income (loss) to average net assets | 2.57% | 2.54% | 3.59% | 0.55% | (0.03%) | 0.61% | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | 2.11% | 2.12% | 3.17% | 0.53% | (0.03%) | 0.61% | |||||||
Portfolio turnover | 17% | 30% | 65% | 38% | 39% | 32% |
φ | Consolidated financial highlights. |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $15.11 | $14.26 | $19.07 | $23.86 | $13.31 | $16.39 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | 0.14 | 0.27 | 0.47 | (0.04) | (0.15) | (0.01) | |||||||
Net realized and unrealized gain (loss) | 1.25 | 1.05 | (2.90) | (4.68) | 10.79 | (2.99) | |||||||
Total from investment operations | 1.39 | 1.32 | (2.43) | (4.72) | 10.64 | (3.00) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.47) | (0.13) | (0.07) | (0.09) | (0.08) | |||||||
Net realized gain | — | — | (2.25) | — | — | — | |||||||
Total dividends and distributions | — | (0.47) | (2.38) | (0.07) | (0.09) | (0.08) | |||||||
Net asset value, end of period | $16.50 | $15.11 | $14.26 | $19.07 | $23.86 | $13.31 | |||||||
Total return3 | 9.20%4 | 9.48%4 | (12.02%)4 | (19.83%)4 | 80.00% | (18.43%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $15,379 | $16,558 | $23,136 | $39,227 | $575 | $435 | |||||||
Ratio of expenses to average net assets6 | 1.80% | 1.80% | 1.84% | 2.07% | 2.10% | 2.16% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 2.26% | 2.26% | 2.29% | 2.09% | 2.10% | 2.16% | |||||||
Ratio of net investment income (loss) to average net assets | 1.82% | 1.88% | 2.95% | (0.17%) | (0.73%) | (0.07%) | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | 1.36% | 1.42% | 2.50% | (0.19%) | (0.73%) | (0.07%) | |||||||
Portfolio turnover | 17% | 30% | 65% | 38% | 39% | 32% |
φ | Consolidated financial highlights. |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $19.37 | $18.12 | $23.33 | $29.05 | $16.13 | $19.77 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.28 | 0.52 | 0.79 | 0.26 | 0.09 | 0.21 | |||||||
Net realized and unrealized gain (loss) | 1.60 | 1.35 | (3.53) | (5.74) | 13.12 | (3.61) | |||||||
Total from investment operations | 1.88 | 1.87 | (2.74) | (5.48) | 13.21 | (3.40) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.62) | (0.22) | (0.24) | (0.29) | (0.24) | |||||||
Net realized gain | — | — | (2.25) | — | — | — | |||||||
Total dividends and distributions | — | (0.62) | (2.47) | (0.24) | (0.29) | (0.24) | |||||||
Net asset value, end of period | $21.25 | $19.37 | $18.12 | $23.33 | $29.05 | $16.13 | |||||||
Total return3 | 9.71% | 10.55% | (11.08%) | (18.96%) | 82.02% | (17.50%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $420,337 | $432,708 | $532,766 | $912,326 | $1,5484 | $8264 | |||||||
Ratio of expenses to average net assets5 | 0.80% | 0.80% | 0.81% | 0.98% | 0.99% | 0.99% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 1.26% | 1.26% | 1.08% | 1.08% | 1.10% | 1.14% | |||||||
Ratio of net investment income to average net assets | 2.82% | 2.85% | 4.00% | 0.93% | 0.37% | 1.09% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 2.36% | 2.39% | 3.73% | 0.83% | 0.26% | 0.94% | |||||||
Portfolio turnover | 17% | 30% | 65% | 38% | 39% | 32% |
φ | Consolidated financial highlights. |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $18.25 | $17.12 | $22.26 | $27.75 | $15.44 | $18.95 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | 0.22 | 0.40 | 0.61 | 0.06 | (0.07) | 0.07 | |||||||
Net realized and unrealized gain (loss) | 1.50 | 1.27 | (3.33) | (5.46) | 12.53 | (3.47) | |||||||
Total from investment operations | 1.72 | 1.67 | (2.72) | (5.40) | 12.46 | (3.40) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.54) | (0.17) | (0.09) | (0.15) | (0.11) | |||||||
Net realized gain | — | — | (2.25) | — | — | — | |||||||
Total dividends and distributions | — | (0.54) | (2.42) | (0.09) | (0.15) | (0.11) | |||||||
Net asset value, end of period | $19.97 | $18.25 | $17.12 | $22.26 | $27.75 | $15.44 | |||||||
Total return3 | 9.43%4 | 9.99%4 | (11.57%)4 | (19.51%)4 | 80.73% | (18.07%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $6,297 | $5,880 | $6,070 | $7,540 | $115 | $95 | |||||||
Ratio of expenses to average net assets6 | 1.30% | 1.30% | 1.37% | 1.67% | 1.69% | 1.72% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.76% | 1.76% | 1.64% | 1.68% | 1.69% | 1.72% | |||||||
Ratio of net investment income (loss) to average net assets | 2.32% | 2.32% | 3.30% | 0.22% | (0.32%) | 0.39% | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | 1.86% | 1.86% | 3.03% | 0.21% | (0.32%) | 0.39% | |||||||
Portfolio turnover | 17% | 30% | 65% | 38% | 39% | 32% |
φ | Consolidated financial highlights. |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $19.49 | $18.22 | $23.46 | $29.21 | $16.22 | $19.88 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.30 | 0.54 | 0.78 | 0.28 | 0.10 | 0.21 | |||||||
Net realized and unrealized gain (loss) | 1.60 | 1.37 | (3.53) | (5.77) | 13.19 | (3.63) | |||||||
Total from investment operations | 1.90 | 1.91 | (2.75) | (5.49) | 13.29 | (3.42) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.64) | (0.24) | (0.26) | (0.30) | (0.24) | |||||||
Net realized gain | — | — | (2.25) | — | — | — | |||||||
Total dividends and distributions | — | (0.64) | (2.49) | (0.26) | (0.30) | (0.24) | |||||||
Net asset value, end of period | $21.39 | $19.49 | $18.22 | $23.46 | $29.21 | $16.22 | |||||||
Total return3 | 9.75%4 | 10.74%4 | (11.06%)4 | (18.89%)4 | 82.01% | (17.46%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $109,539 | $120,493 | $144,999 | $254,340 | $3535 | $2005 | |||||||
Ratio of expenses to average net assets6 | 0.65% | 0.69% | 0.76% | 0.92% | 0.95% | 0.99% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.11% | 1.11% | 1.05% | 0.93% | 0.95% | 0.99% | |||||||
Ratio of net investment income to average net assets | 2.97% | 2.92% | 3.94% | 0.98% | 0.40% | 1.05% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 2.51% | 2.50% | 3.65% | 0.97% | 0.40% | 1.05% | |||||||
Portfolio turnover | 17% | 30% | 65% | 38% | 39% | 32% |
φ | Consolidated financial highlights. |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $19.00 | $17.79 | $23.01 | $28.65 | $15.92 | $19.53 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.25 | 0.46 | 0.67 | 0.16 | 0.01 | 0.14 | |||||||
Net realized and unrealized gain (loss) | 1.57 | 1.32 | (3.44) | (5.65) | 12.94 | (3.58) | |||||||
Total from investment operations | 1.82 | 1.78 | (2.77) | (5.49) | 12.95 | (3.44) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.57) | (0.20) | (0.15) | (0.22) | (0.17) | |||||||
Net realized gain | — | — | (2.25) | — | — | — | |||||||
Total dividends and distributions | — | (0.57) | (2.45) | (0.15) | (0.22) | (0.17) | |||||||
Net asset value, end of period | $20.82 | $19.00 | $17.79 | $23.01 | $28.65 | $15.92 | |||||||
Total return3 | 9.58%4 | 10.25%4 | (11.38%)4 | (19.23%)4 | 81.40% | (17.80%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $27,639 | $26,993 | $27,664 | $29,380 | $405 | $315 | |||||||
Ratio of expenses to average net assets6 | 1.05% | 1.09% | 1.14% | 1.31% | 1.34% | 1.37% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.51% | 1.51% | 1.41% | 1.32% | 1.34% | 1.37% | |||||||
Ratio of net investment income to average net assets | 2.57% | 2.55% | 3.50% | 0.59% | 0.04% | 0.70% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 2.11% | 2.13% | 3.23% | 0.58% | 0.04% | 0.70% | |||||||
Portfolio turnover | 17% | 30% | 65% | 38% | 39% | 32% |
φ | Consolidated financial highlights. |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Fund | Custody Credits | |
Delaware Ivy Core Equity Fund | $6,871 | |
Delaware Ivy Global Bond Fund | 7,490 | |
Delaware Ivy Global Growth Fund | 622 | |
Delaware Ivy High Income Fund | 16,732 | |
Delaware Ivy International Core Equity Fund | 4,371 | |
Delaware Ivy Large Cap Growth Fund | 33,439 | |
Delaware Ivy Mid Cap Growth Fund | 4,801 | |
Delaware Ivy Mid Cap Income Opportunities Fund | 377 | |
Delaware Ivy Small Cap Growth Fund | 294 | |
Delaware Ivy Smid Cap Core Fund | 7 | |
Delaware Ivy Systematic Emerging Markets Equity Fund | — |
Fund | Earnings Credits | |
Delaware Ivy Core Equity Fund | $1,781 | |
Delaware Ivy Global Bond Fund | 339 | |
Delaware Ivy Global Growth Fund | 958 | |
Delaware Ivy High Income Fund | 2,609 | |
Delaware Ivy International Core Equity Fund | 1,270 | |
Delaware Ivy Large Cap Growth Fund | 2,454 | |
Delaware Ivy Mid Cap Growth Fund | 5,079 | |
Delaware Ivy Mid Cap Income Opportunities Fund | 917 | |
Delaware Ivy Small Cap Growth Fund | 1,423 | |
Delaware Ivy Smid Cap Core Fund | 428 | |
Delaware Ivy Systematic Emerging Markets Equity Fund | 892 |
Fund | Management Fee (annual rate as a percentage of average daily net assets) | |
Delaware Ivy Core Equity Fund | 0.70% of net assets up to $1 billion; | |
0.65% of net assets over $1 billion and up to $2 billion; | ||
0.60% of net assets over $2 billion and up to $3 billion; | ||
0.55% of net assets over $3 billion and up to $5 billion; | ||
0.525% of net assets over $5 billion and up to $6 billion; | ||
0.50% of net assets over $6 billion and up to $10 billion; | ||
0.49% of net assets over $10 billion. | ||
Delaware Ivy Global Bond Fund | 0.625% of net assets up to $500 million; | |
0.60% of net assets over $500 million and up to $1 billion; | ||
0.55% of net assets over $1 billion and up to $1.5 billion; | ||
0.50% of net assets over $1.5 billion and up to $5 billion; | ||
0.49% of net assets over $5 billion and up to $10 billion; | ||
0.48% of net assets over $10 billion. | ||
Delaware Ivy Global Growth Fund | 0.85% of net assets up to $1 billion; | |
0.83% of net assets over $1 billion and up to $2 billion; | ||
0.80% of net assets over $2 billion and up to $3 billion; | ||
0.70% of net assets over $3 billion and up to $5 billion; | ||
0.695% of net assets over $5 billion and up to $10 billion; | ||
0.69% of net assets over $10 billion. | ||
Delaware Ivy High Income Fund | 0.625% of net assets up to $500 million; | |
0.60% of net assets over $500 million and up to $1 billion; | ||
0.55% of net assets over $1 billion and up to $1.5 billion; | ||
0.50% of net assets over $1.5 billion and up to $10 billion; | ||
0.49% of net assets over $10 billion and up to $20 billion; | ||
0.48% of net assets over $20 billion. | ||
Delaware Ivy International Core Equity Fund | 0.85% of net assets up to $1 billion; | |
0.83% of net assets over $1 billion and up to $2 billion; | ||
0.80% of net assets over $2 billion and up to $3 billion; | ||
0.70% of net assets over $3 billion and up to $5 billion; | ||
0.69% of net assets over $5 billion and up to $10 billion; | ||
0.68% of net assets over $10 billion. | ||
Delaware Ivy Large Cap Growth Fund | 0.70% of net assets up to $1 billion; | |
0.65% of net assets over $1 billion and up to $2 billion; | ||
0.60% of net assets over $2 billion and up to $3 billion; | ||
0.55% of net assets over $3 billion and up to $5 billion; | ||
0.545% of net assets over $5 billion and up to $10 billion; | ||
0.54% of net assets over $10 billion. | ||
Fund | Management Fee (annual rate as a percentage of average daily net assets) | |
Delaware Ivy Mid Cap Growth Fund | 0.85% of net assets up to $1 billion; | |
0.83% of net assets over $1 billion and up to $2 billion; | ||
0.80% of net assets over $2 billion and up to $3 billion; | ||
0.76% of net assets over $3 billion and up to $5 billion; | ||
0.73% of net assets over $5 billion and up to $10 billion; | ||
0.70% of net assets over $10 billion and up to $15 billion; | ||
0.67% of net assets over $15 billion. | ||
Delaware Ivy Mid Cap Income Opportunities Fund | 0.85% of net assets up to $1 billion; | |
0.83% of net assets over $1 billion and up to $2 billion; | ||
0.80% of net assets over $2 billion and up to $3 billion; | ||
0.76% of net assets over $3 billion and up to $5 billion; | ||
0.73% of net assets over $5 billion and up to $10 billion; | ||
0.70% of net assets over $10 billion and up to $15 billion; | ||
0.67% of net assets over $15 billion. | ||
Delaware Ivy Small Cap Growth Fund | 0.85% of net assets up to $1 billion; | |
0.83% of net assets over $1 billion and up to $2 billion; | ||
0.80% of net assets over $2 billion and up to $3 billion; | ||
0.76% of net assets over $3 billion and up to $5 billion; | ||
0.73% of net assets over $5 billion and up to $10 billion; | ||
0.72% of net assets over $10 billion. | ||
Delaware Ivy Smid Cap Core Fund | 0.85% of net assets up to $1 billion; | |
0.83% of net assets over $1 billion and up to $2 billion; | ||
0.80% of net assets over $2 billion and up to $3 billion; | ||
0.76% of net assets over $3 billion and up to $5 billion; | ||
0.73% of net assets over $5 billion and up to $10 billion; | ||
0.72% of net assets over $10 billion. | ||
Delaware Ivy Systematic Emerging Markets Equity Fund | 1.00% of net assets up to $500 million; | |
0.85% of net assets over $500 million and up to $1 billion; | ||
0.83% of net assets over $1 billion and up to $2 billion; | ||
0.80% of net assets over $2 billion and up to $3 billion; | ||
0.76% of net assets over $3 billion and up to $5 billion; | ||
0.755% of net assets over $5 billion and up to $10 billion; | ||
0.75% of net assets over $10 billion. | ||
Fund | Operating expense limitation as a percentage of average daily net assets for all share classes other than Class R6 |
Operating expense limitation as a percentage of average daily net assets for Class R6 | ||
Delaware Ivy Core Equity Fund | 0.74% | 0.67% | ||
Delaware Ivy Global Bond Fund | 0.70% | 0.57% | ||
Delaware Ivy Global Growth Fund | 0.85%* | 0.75%* | ||
Delaware Ivy High Income Fund | 0.63%** | 0.54%** | ||
Delaware Ivy International Core Equity Fund | 0.77%*** | 0.65%*** | ||
Delaware Ivy Large Cap Growth Fund | 0.64% | 0.56% | ||
Delaware Ivy Mid Cap Growth Fund | 0.79% | 0.68% | ||
Delaware Ivy Mid Cap Income Opportunities Fund | 0.83% | 0.73% | ||
Delaware Ivy Small Cap Growth Fund | 0.88% | 0.76% | ||
Delaware Ivy Smid Cap Core Fund | 0.89% | 0.77% | ||
Delaware Ivy Systematic Emerging Markets Equity Fund | 0.80% | 0.65% |
Fund | Operating expense limitation as a percentage of average daily net assets for all share classes other than Class R6 |
Operating expense limitation as a percentage of average daily net assets for Class R6 | ||
Delaware Ivy Core Equity Fund | 0.75% | 0.67% | ||
Delaware Ivy Global Bond Fund | 0.71% | 0.59% | ||
Delaware Ivy Global Growth Fund | 0.92%* | 0.81%* | ||
Delaware Ivy High Income Fund | 0.72%** | 0.63%** | ||
Delaware Ivy International Core Equity Fund | 0.79%*** | 0.67%*** | ||
Delaware Ivy Large Cap Growth Fund | 0.64% | 0.56% | ||
Delaware Ivy Mid Cap Growth Fund | 0.79% | 0.69% | ||
Delaware Ivy Mid Cap Income Opportunities Fund | 0.83% | 0.72% | ||
Delaware Ivy Small Cap Growth Fund | 0.89% | 0.76% | ||
Delaware Ivy Smid Cap Core Fund | 0.89% | 0.76% | ||
Delaware Ivy Systematic Emerging Markets Equity Fund | 0.80% | 0.65% |
Operating expense limitation as a percentage of average daily net assets | ||||||||||||
Fund | Class A | Class C | Class I | Class R | Class R6 | Class Y | ||||||
Delaware Ivy Core Equity Fund | 0.99% | 1.74% | 0.74% | 1.24% | 0.67% | 0.99% | ||||||
Delaware Ivy Global Bond Fund | 0.95% | 1.70% | 0.70% | 1.20% | 0.57% | 0.95% | ||||||
Delaware Ivy Global Growth Fund | 1.10%* | 1.85%* | 0.85%* | 1.35%* | 0.75%* | 1.10%* | ||||||
Delaware Ivy High Income Fund | 0.88%** | 1.63%** | 0.63%** | 1.13%** | 0.54%** | 0.88%** | ||||||
Delaware Ivy International Core Equity Fund | 1.02%*** | 1.77%*** | 0.77%*** | 1.27%*** | 0.65%*** | 1.02%*** | ||||||
Delaware Ivy Large Cap Growth Fund | 0.89% | 1.64% | 0.64% | 1.14% | 0.56% | 0.89% | ||||||
Delaware Ivy Mid Cap Growth Fund | 1.04% | 1.79% | 0.79% | 1.29% | 0.68% | 1.04% | ||||||
Delaware Ivy Mid Cap Income Opportunities Fund | 1.08% | 1.83% | 0.83% | 1.33% | 0.73% | 1.08% | ||||||
Delaware Ivy Small Cap Growth Fund | 1.13% | 1.88% | 0.88% | 1.38% | 0.76% | 1.13% | ||||||
Delaware Ivy Smid Cap Core Fund | 1.14% | 1.89% | 0.89% | 1.39% | 0.77% | 1.14% | ||||||
Delaware Ivy Systematic Emerging Markets Equity Fund | 1.05% | 1.80% | 0.80% | 1.30% | 0.65% | 1.05% |
Operating expense limitation as a percentage of average daily net assets | ||||||||||||
Fund | Class A | Class C | Class I | Class R | Class R6 | Class Y | ||||||
Delaware Ivy Core Equity Fund | 1.00% | 1.75% | 0.75% | 1.25% | 0.67% | 1.00% | ||||||
Delaware Ivy Global Bond Fund | 0.96% | 1.71% | 0.71% | 1.21% | 0.59% | 0.96% | ||||||
Delaware Ivy Global Growth Fund | 1.17%* | 1.92%* | 0.92%* | 1.42%* | 0.81%* | 1.17%* | ||||||
Delaware Ivy High Income Fund | 0.97%** | 1.72%** | 0.72%** | 1.22%** | 0.63%** | 0.97%** | ||||||
Delaware Ivy International Core Equity Fund | 1.04%*** | 1.79%*** | 0.79%*** | 1.29%*** | 0.67%*** | 1.04%*** | ||||||
Delaware Ivy Large Cap Growth Fund | 0.89% | 1.64% | 0.64% | 1.14% | 0.56% | 0.89% | ||||||
Delaware Ivy Mid Cap Growth Fund | 1.04% | 1.79% | 0.79% | 1.29% | 0.69% | 1.04% | ||||||
Delaware Ivy Mid Cap Income Opportunities Fund | 1.08% | 1.83% | 0.83% | 1.33% | 0.72% | 1.08% | ||||||
Delaware Ivy Small Cap Growth Fund | 1.14% | 1.89% | 0.89% | 1.39% | 0.76% | 1.14% | ||||||
Delaware Ivy Smid Cap Core Fund | 1.14% | 1.89% | 0.89% | 1.39% | 0.76% | 1.14% | ||||||
Delaware Ivy Systematic Emerging Markets Equity Fund | 1.05% | 1.80% | 0.80% | 1.30% | 0.65% | 1.05% |
Fund | Fees | |
Delaware Ivy Core Equity Fund | $86,441 | |
Delaware Ivy Global Bond Fund | 13,298 | |
Delaware Ivy Global Growth Fund | 19,490 | |
Delaware Ivy High Income Fund | 63,104 | |
Delaware Ivy International Core Equity Fund | 37,055 | |
Delaware Ivy Large Cap Growth Fund | 176,977 | |
Delaware Ivy Mid Cap Growth Fund | 146,123 | |
Delaware Ivy Mid Cap Income Opportunities Fund | 27,057 | |
Delaware Ivy Small Cap Growth Fund | 31,703 | |
Delaware Ivy Smid Cap Core Fund | 9,598 | |
Delaware Ivy Systematic Emerging Markets Equity Fund | 18,613 |
Fund | Fees | |
Delaware Ivy Core Equity Fund | $120,947 | |
Delaware Ivy Global Bond Fund | 16,175 | |
Delaware Ivy Global Growth Fund | 25,012 | |
Delaware Ivy High Income Fund | 87,493 | |
Delaware Ivy International Core Equity Fund | 50,180 | |
Delaware Ivy Large Cap Growth Fund | 250,476 | |
Delaware Ivy Mid Cap Growth Fund | 206,387 | |
Delaware Ivy Mid Cap Income Opportunities Fund | 35,891 | |
Delaware Ivy Small Cap Growth Fund | 42,545 | |
Delaware Ivy Smid Cap Core Fund | 10,876 | |
Delaware Ivy Systematic Emerging Markets Equity Fund | 23,794 |
Fund | Fees | |
Delaware Ivy Core Equity Fund | $50,167 | |
Delaware Ivy Global Bond Fund | 8,694 | |
Delaware Ivy Global Growth Fund | 11,390 | |
Delaware Ivy High Income Fund | 48,405 | |
Delaware Ivy International Core Equity Fund | 25,587 | |
Delaware Ivy Large Cap Growth Fund | 124,231 | |
Delaware Ivy Mid Cap Growth Fund | 113,322 | |
Delaware Ivy Mid Cap Income Opportunities Fund | 18,189 | |
Delaware Ivy Small Cap Growth Fund | 26,304 | |
Delaware Ivy Smid Cap Core Fund | 4,497 | |
Delaware Ivy Systematic Emerging Markets Equity Fund | 10,569 |
Fund | Class A | |
Delaware Ivy Core Equity Fund | $68,790 | |
Delaware Ivy Global Bond Fund | 2,611 | |
Delaware Ivy Global Growth Fund | 11,085 | |
Delaware Ivy High Income Fund | 37,466 | |
Delaware Ivy International Core Equity Fund | 10,121 | |
Delaware Ivy Large Cap Growth Fund | 116,790 | |
Delaware Ivy Mid Cap Growth Fund | 51,083 | |
Delaware Ivy Mid Cap Income Opportunities Fund | 7,341 | |
Delaware Ivy Small Cap Growth Fund | 25,422 | |
Delaware Ivy Smid Cap Core Fund | 4,661 | |
Delaware Ivy Systematic Emerging Markets Equity Fund | 5,719 |
Fund | Class A | Class C | ||
Delaware Ivy Core Equity Fund | $3,804 | $1,024 | ||
Delaware Ivy Global Bond Fund | 802 | 62 | ||
Delaware Ivy Global Growth Fund | 142 | 43 | ||
Delaware Ivy High Income Fund | 1,327 | 2,378 | ||
Delaware Ivy International Core Equity Fund | 348 | 652 | ||
Delaware Ivy Large Cap Growth Fund | 3,423 | 4,510 | ||
Delaware Ivy Mid Cap Growth Fund | 2,617 | 2,919 | ||
Delaware Ivy Mid Cap Income Opportunities Fund | 21 | 1,588 | ||
Delaware Ivy Small Cap Growth Fund | 1,061 | 660 | ||
Delaware Ivy Smid Cap Core Fund | 463 | 190 | ||
Delaware Ivy Systematic Emerging Markets Equity Fund | 315 | 423 |
Value, beginning of period |
Gross additions |
Gross reductions |
Net realized gain (loss) on affiliated investments |
Net change in unrealized appreciation (depreciation) on affiliated investments |
Value, end of period |
Shares | Interest Income | ||||||||
Delaware Ivy High Income Fund | |||||||||||||||
Common Stocks—1.96% | |||||||||||||||
BIS Industries Holdings | |||||||||||||||
$— | $— | $— | $— | $— | $— | 19,682,813 | $— | ||||||||
Foresight Energy | |||||||||||||||
20,694,501 | — | — | — | (4,659,615) | 16,034,886 | 1,117,414 | — | ||||||||
Larchmont Resources | |||||||||||||||
214,011 | — | — | — | 46,213 | 260,224 | 18,338 | — | ||||||||
Maritime Finance | |||||||||||||||
600,075 | — | — | — | (34,854) | 565,221 | 1,750,000 | — | ||||||||
New Cotai | |||||||||||||||
20,707,528 | — | — | — | 1,262,068 | 21,969,596 | 20,316,462 | — | ||||||||
True Religion Apparel | |||||||||||||||
12,513,477 | — | — | — | 2,582,606 | 15,096,083 | 395 | — | ||||||||
54,729,592 | — | — | — | (803,582) | 53,926,010 | — | |||||||||
Preferred Stock—0.07% | |||||||||||||||
True Religion Apparel | |||||||||||||||
2,050,430 | — | — | — | — | 2,050,430 | 410 | — | ||||||||
Convertible Bond—2.43% | |||||||||||||||
New Cotai PIK | |||||||||||||||
60,940,343 | 934,559 | — | — | 5,090,057 | 66,964,959 | 24,770,433 | 714,836 | ||||||||
Loan Agreements—0.25% | |||||||||||||||
Foresight Energy Operating Tranche A | |||||||||||||||
7,270,080 | — | (47,089)1 | — | (333,740) | 6,889,251 | 7,447,839 | — | ||||||||
Total | $124,990,445 | $934,559 | $(47,089) | $— | $3,952,735 | $129,830,650 | $714,836 |
1 | The amount shown included return of capital. |
Fund | Purchases other than US government securities |
Purchases of US government securities |
Sales other than US government securities |
Sales of US government securities | ||||
Delaware Ivy Core Equity Fund | $366,988,721 | $— | $683,444,322 | $— | ||||
Delaware Ivy Global Bond Fund | 363,109,395 | 178,886,385 | 317,614,789 | 220,094,222 | ||||
Delaware Ivy Global Growth Fund | 257,771,146 | — | 329,558,399 | — | ||||
Delaware Ivy High Income Fund | 812,221,676 | — | 863,704,806 | — | ||||
Delaware Ivy International Core Equity Fund | 611,700,555 | — | 668,287,884 | — | ||||
Delaware Ivy Large Cap Growth Fund | 616,583,194 | — | 575,645,213 | — | ||||
Delaware Ivy Mid Cap Growth Fund | 1,208,398,006 | — | 1,831,214,244 | — | ||||
Delaware Ivy Mid Cap Income Opportunities Fund | 162,374,467 | — | 248,996,548 | — | ||||
Delaware Ivy Small Cap Growth Fund | 439,107,369 | — | 624,422,062 | — | ||||
Delaware Ivy Smid Cap Core Fund | 25,961,731 | — | 29,979,368 | — | ||||
Delaware Ivy Systematic Emerging Markets Equity Fund | 127,353,407 | — | 213,193,495 | — |
Fund | Cost of investments and derivatives |
Aggregate unrealized appreciation of investments and derivatives |
Aggregate unrealized depreciation of investments and derivatives |
Net unrealized appreciation (depreciation) of investments and derivatives | ||||
Delaware Ivy Core Equity Fund | $1,954,432,063 | $1,936,810,289 | $(3,501,246) | $1,933,309,043 | ||||
Delaware Ivy Global Bond Fund | 487,135,548 | 22,273,463 | (8,572,183) | 13,701,280 | ||||
Delaware Ivy Global Growth Fund | 680,219,522 | 286,128,046 | (7,480,031) | 278,648,015 | ||||
Delaware Ivy High Income Fund | 2,978,097,410 | 292,507,528 | (488,134,492) | (195,626,964) | ||||
Delaware Ivy International Core Equity Fund | 1,305,290,216 | 380,450,839 | (64,037,783) | 316,413,056 | ||||
Delaware Ivy Large Cap Growth Fund | 3,521,332,080 | 4,865,282,125 | (4,632,012) | 4,860,650,113 | ||||
Delaware Ivy Mid Cap Growth Fund | 5,270,566,793 | 1,781,078,668 | (372,245,445) | 1,408,833,223 | ||||
Delaware Ivy Mid Cap Income Opportunities Fund | 768,178,124 | 381,640,135 | (10,402,792) | 371,237,343 | ||||
Delaware Ivy Small Cap Growth Fund | 993,791,743 | 342,995,104 | (30,917,678) | 312,077,426 | ||||
Delaware Ivy Smid Cap Core Fund | 272,460,852 | 95,163,692 | (13,797,167) | 81,366,525 | ||||
Delaware Ivy Systematic Emerging Markets Equity Fund | 558,130,983 | 216,919,192 | (30,868,758) | 186,050,434 |
Loss carryforward character | |||||
Short-term | Long-term | Total | |||
Delaware Ivy Global Bond Fund | $ 56,681,406 | $46,946,752 | $ 103,628,158 | ||
Delaware Ivy High Income Fund | 243,659,795 | 1,422,287,852 | 1,665,947,647 | ||
Delaware Ivy International Core Equity Fund | 56,252,416 | — | 56,252,416 | ||
Delaware Ivy Smid Cap Core Fund | 5,395,859 | — | 5,395,859 | ||
Delaware Ivy Systematic Emerging Markets Equity Fund | 34,543,679 | — | 34,543,679 |
Delaware Ivy Core Equity Fund | |
Level 1 | |
Securities | |
Assets: | |
Common Stocks | $3,783,047,302 |
Short-Term Investments | 104,693,804 |
Total Value of Securities | $3,887,741,106 |
Delaware Ivy Global Bond Fund | ||||||||||||
Level 1 | Level 2 | Total | ||||||||||
Securities | ||||||||||||
Assets: | ||||||||||||
Agency Mortgage-Backed Securities | $— | $38,621,047 | $38,621,047 | |||||||||
Corporate Bonds | — | 207,950,682 | 207,950,682 | |||||||||
Government Agency Obligations | — | 9,386,015 | 9,386,015 | |||||||||
Sovereign Bonds | — | 164,140,324 | 164,140,324 | |||||||||
Supranational Banks | — | 6,465,953 | 6,465,953 | |||||||||
US Treasury Obligations | — | 63,282,820 | 63,282,820 | |||||||||
Short-Term Investments | 11,829,148 | — | 11,829,148 | |||||||||
Total Value of Securities Before Options Written | $11,829,148 | $489,846,841 | $501,675,989 | |||||||||
Liabilities: | ||||||||||||
Options Written | $(38,391) | $— | $(38,391) | |||||||||
Derivatives1 | ||||||||||||
Assets: | ||||||||||||
Centrally Cleared Interest Rate Swap Contracts | $— | $2,272,164 | $2,272,164 | |||||||||
Forward Foreign Currency Exchange Contracts | — | 11,036 | 11,036 | |||||||||
Futures Contracts | 1,559,261 | — | 1,559,261 | |||||||||
Liabilities: | ||||||||||||
Centrally Cleared Interest Rate Swap Contracts | $— | $(1,040,812) | $(1,040,812) | |||||||||
Forward Foreign Currency Exchange Contracts | — | (2,686,193) | (2,686,193) | |||||||||
Futures Contracts | (727,573) | — | (727,573) | |||||||||
Over-The-Counter Credit Default Swap Contracts | — | (188,653) | (188,653) |
1Forward foreign currency exchange contracts, futures contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument at the period end. |
Delaware Ivy Global Growth Fund | |
Level 1 | |
Securities | |
Assets: | |
Common Stocks | $939,815,227 |
Preferred Stock | 5,760,786 |
Short-Term Investments | 13,291,524 |
Total Value of Securities | $958,867,537 |
Delaware Ivy High Income Fund | ||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||
Securities | ||||||||||
Assets: | ||||||||||
Collateralized Debt Obligations | $— | $42,301,616 | $— | $42,301,616 | ||||||
Common Stocks | ||||||||||
Basic Industry | — | — | 16,042,3031 | 16,042,303 | ||||||
Consumer Goods | — | — | —1 | — | ||||||
Energy | — | — | 571,892 | 571,892 | ||||||
Financial Services | — | — | 21,969,596 | 21,969,596 | ||||||
Leisure | 42,702,248 | — | — | 42,702,248 | ||||||
Retail | — | — | 15,096,083 | 15,096,083 | ||||||
Utilities | — | — | 260,224 | 260,224 | ||||||
Convertible Bond | — | — | 66,964,959 | 66,964,959 | ||||||
Corporate Bonds | — | 2,313,439,359 | — | 2,313,439,359 | ||||||
Loan Agreements | — | 254,246,250 | — | 254,246,250 | ||||||
Preferred Stock | — | — | 2,050,430 | 2,050,430 | ||||||
Short-Term Investments | 6,825,486 | — | — | 6,825,486 | ||||||
Total Value of Securities | $49,527,734 | $2,609,987,225 | $122,955,487 | $2,782,470,446 |
1The security that has been valued at zero on the “Schedules of investments” is considered to be a Level 3 investment in this table. |
Delaware Ivy International Core Equity Fund | |
Level 1 | |
Securities | |
Assets: | |
Common Stocks | $1,597,295,975 |
Short-Term Investments | 24,407,297 |
Total Value of Securities | $1,621,703,272 |
Delaware Ivy Large Cap Growth Fund | |
Level 1 | |
Securities | |
Assets: | |
Common Stocks | $8,381,982,193 |
Delaware Ivy Mid Cap Growth Fund | |
Level 1 | |
Securities | |
Assets: | |
Common Stocks | $6,641,236,528 |
Delaware Ivy Mid Cap Growth Fund | |
Level 1 | |
Short-Term Investments | $38,163,488 |
Total Value of Securities | $6,679,400,016 |
Delaware Ivy Mid Cap Income Opportunities Fund | |
Level 1 | |
Securities | |
Assets: | |
Common Stocks | $1,114,309,335 |
Short-Term Investments | 25,106,132 |
Total Value of Securities | $1,139,415,467 |
Delaware Ivy Small Cap Growth Fund | |
Level 1 | |
Securities | |
Assets: | |
Common Stocks | $1,303,511,221 |
Short-Term Investments | 2,357,948 |
Total Value of Securities | $1,305,869,169 |
Delaware Ivy Smid Cap Core Fund | ||||||||
Level 1 | Level 3 | Total | ||||||
Securities | ||||||||
Assets: | ||||||||
Common Stocks | ||||||||
Basic Materials | $25,581,077 | $— | $25,581,077 | |||||
Business Services | 18,224,118 | — | 18,224,118 | |||||
Capital Goods | 41,978,698 | — | 41,978,698 | |||||
Consumer Discretionary | 15,081,451 | — | 15,081,451 | |||||
Consumer Services | 9,579,276 | — | 9,579,276 | |||||
Consumer Staples | 10,574,483 | — | 10,574,483 | |||||
Credit Cyclicals | 13,099,683 | — | 13,099,683 | |||||
Energy | 17,155,811 | — | 17,155,811 | |||||
Finance | 51,164,724 | — | 51,164,724 | |||||
Healthcare | 46,541,020 | —1 | 46,541,020 | |||||
Media | 6,105,656 | — | 6,105,656 | |||||
Real Estate Investment Trusts | 26,514,275 | — | 26,514,275 | |||||
Technology | 48,981,048 | — | 48,981,048 |
Delaware Ivy Smid Cap Core Fund | |||||
Level 1 | Level 3 | Total | |||
Transportation | $12,868,200 | $— | $12,868,200 | ||
Utilities | 5,809,268 | — | 5,809,268 | ||
Short-Term Investments | 4,568,589 | — | 4,568,589 | ||
Total Value of Securities | $353,827,377 | $— | $353,827,377 |
1The security that has been valued at zero on the “Schedules of investments” is considered to be a Level 3 investment in this table. |
Delaware Ivy Systematic Emerging Markets Equity Fund | ||||||||
Level 1 | Level 3 | Total | ||||||
Securities | ||||||||
Assets: | ||||||||
Common Stocks | ||||||||
Communication Services | $78,600,680 | $— | $78,600,680 | |||||
Consumer Discretionary | 117,591,220 | — | 117,591,220 | |||||
Consumer Staples | 36,576,625 | —1 | 36,576,625 | |||||
Energy | 52,986,114 | —1,2 | 52,986,114 | |||||
Financials | 157,135,741 | —1 | 157,135,741 | |||||
Healthcare | 13,459,640 | — | 13,459,640 | |||||
Industrials | 40,810,464 | — | 40,810,464 | |||||
Information Technology | 210,016,231 | — | 210,016,231 | |||||
Materials | 11,669,562 | — | 11,669,562 | |||||
Real Estate | 761,042 | —2 | 761,042 | |||||
Utilities | 4,229,467 | — | 4,229,467 | |||||
Preferred Stock | 13,831,918 | — | 13,831,918 | |||||
Short-Term Investments | 6,512,713 | — | 6,512,713 | |||||
Total Value of Securities | $744,181,417 | $— | $744,181,417 |
1The security that has been valued at zero on the “Consolidated schedules of investments” is considered to be a Level 3 investment in this table. |
2The value represents valuations of Russian security for which Management has determined include significant unobservable inputs as of September 30, 2024. |
Corporate Bonds |
Common Stocks |
Preferred Stock |
Total | ||||
Balance as of 3/31/24 | $60,940,343 | $54,743,679 | $2,050,430 | $117,734,452 | |||
Corporate actions | 845,727 | — | — | 845,727 | |||
Amortization | 88,833 | — | — | 88,833 | |||
Net change in unrealized appreciation (depreciation) | 5,090,056 | (803,581) | — | 4,286,475 | |||
Balance as of 9/30/24 | $66,964,959 | $53,940,098 | $2,050,430 | $122,955,487 | |||
Net change in unrealized appreciation (depreciation) from Level 3 investments still held as of 9/30/24 |
$5,090,056 | $(803,581) | $— | $4,286,475 |
Assets | Value | Valuation Techniques |
Unobservable Inputs |
Input Value |
Weighted Average of Unobservable Inputs based on Fair Value | ||||||||||
Common Stocks | $260,224 | Liquidation approach | Liquidity discount | 10% | N/A | ||||||||||
Common Stocks | 21,969,596 | Market approach | Control premium | 20% | N/A | ||||||||||
Common Stocks |
31,130,969 |
Market approach |
EV/Revenue multiple EV/EBITDA multiple |
0.42x-0.95x 4.31x-6.32x |
0.87x 4.60x | ||||||||||
Common Stocks | 565,221 | Market approach | Sum of parts (Adjusted book value) | N/A | N/A | ||||||||||
Common Stocks | 6,671 | Net asset value / liquidation | Adjusted net asset value | $14.1 million | N/A | ||||||||||
Convertible Bond | 66,964,959 | Market approach | Control premium | 20% | N/A | ||||||||||
Preferred Stock |
2,050,430 |
Market approach |
EV/Revenue multiple EV/EBITDA multiple |
0.42x 6.32x |
N/A |
Delaware Ivy Core Equity Fund |
Delaware Ivy Global Bond Fund |
Delaware Ivy Global Growth Fund | |||||||||
Six months ended |
Year ended | Six months ended |
Year ended | Six months ended |
Year ended | ||||||
9/30/24 | 3/31/24 | 9/30/24 | 3/31/24 | 9/30/24 | 3/31/24 | ||||||
Shares sold: | |||||||||||
Class A | 2,249,838 | 4,618,905 | 573,437 | 952,264 | 232,972 | 399,382 | |||||
Class C | 251,760 | 328,467 | 12,266 | 42,553 | 12,847 | 13,482 | |||||
Class I | 5,836,246 | 6,348,871 | 4,313,905 | 10,793,272 | 494,500 | 787,848 | |||||
Class R | 73 | 615 | 83,341 | 15,720 | 1,072 | 511 | |||||
Class R6 | 424,267 | 1,342,371 | 3,430,210 | 6,170,536 | 17,031 | 351,120 | |||||
Class Y | 41,968 | 149,018 | 17,711 | 68,144 | 1,431 | 7,827 | |||||
Shares from reorganization:1 | |||||||||||
Class A | — | — | 584,984 | — | 9,904,101 | — | |||||
Class C | — | — | 20,015 | — | 82,030 | — | |||||
Class I | — | — | 1,925,479 | — | 2,057,656 | — | |||||
Class R | — | — | — | — | 7,348 | — | |||||
Class R6 | — | — | 4,550 | — | 38,335 | — | |||||
Class Y | — | — | — | — | 32,857 | — | |||||
Shares issued upon reinvestment of dividends and distributions: | |||||||||||
Class A | — | 19,372,670 | 171,212 | 385,638 | — | 602,684 | |||||
Class C | — | 233,844 | 2,286 | 5,725 | — | 10,789 | |||||
Class I | — | 3,616,051 | 417,865 | 771,548 | — | 289,638 | |||||
Class R | — | 931 | 1,523 | 996 | — | 1,422 | |||||
Class R6 | — | 316,814 | 356,036 | 672,010 | — | 4,838 | |||||
Class Y | — | 151,484 | 3,335 | 7,508 | — | 3,122 | |||||
8,804,152 | 36,480,041 | 11,918,155 | 19,885,914 | 12,882,180 | 2,472,663 | ||||||
Shares redeemed: | |||||||||||
Class A | (14,178,953) | (32,870,315) | (1,368,244) | (3,040,969) | (1,356,507) | (2,371,970) | |||||
Class C | (292,218) | (651,031) | (56,821) | (153,562) | (27,436) | (38,959) | |||||
Class I | (6,385,129) | (15,798,253) | (6,673,593) | (8,266,748) | (1,412,026) | (2,594,218) | |||||
Class R | (175) | (7,976) | (20,395) | (7,563) | (3,175) | (4,061) | |||||
Class R6 | (413,482) | (1,055,599) | (1,857,294) | (2,711,717) | (27,503) | (50,040) | |||||
Class Y | (190,910) | (244,028) | (36,118) | (63,829) | (4,183) | (7,859) | |||||
(21,460,867) | (50,627,202) | (10,012,465) | (14,244,388) | (2,830,830) | (5,067,107) | ||||||
Net increase (decrease) | (12,656,715) | (14,147,161) | 1,905,690 | 5,641,526 | 10,051,350 | (2,594,444) |
Delaware Ivy High Income Fund |
Delaware Ivy International Core Equity Fund |
Delaware Ivy Large Cap Growth Fund | |||||||||
Six months ended |
Year ended | Six months ended |
Year ended | Six months ended |
Year ended | ||||||
9/30/24 | 3/31/24 | 9/30/24 | 3/31/24 | 9/30/24 | 3/31/24 | ||||||
Shares sold: | |||||||||||
Class A | 6,031,762 | 15,705,268 | 792,113 | 1,778,021 | 3,079,758 | 5,731,399 | |||||
Class C | 611,378 | 1,623,841 | 20,411 | 106,988 | 230,174 | 927,521 | |||||
Class I | 20,208,347 | 45,776,972 | 3,809,098 | 6,539,054 | 24,838,435 | 35,747,035 | |||||
Class R | 213,832 | 265,948 | 54,374 | 82,605 | 110,473 | 812,035 | |||||
Class R6 | 1,771,599 | 2,671,246 | 1,994,004 | 2,583,610 | 837,547 | 4,325,811 | |||||
Class Y | 1,355,147 | 4,370,920 | 150,208 | 331,181 | 236,840 | 387,095 | |||||
Shares from reorganization:1 | |||||||||||
Class A | 50,917,870 | — | 8,196,383 | — | 20,383,763 | — | |||||
Class C | 393,307 | — | 148,964 | — | 183,650 | — | |||||
Class I | 15,494,063 | — | 6,027,488 | — | 2,481,780 | — | |||||
Class R | 363,928 | — | 60,957 | — | 25,317 | — | |||||
Class R6 | 8,707,578 | — | 136,975 | — | — | — | |||||
Class Y | — | — | 22,062 | — | — | — | |||||
Shares issued upon reinvestment of dividends and distributions: | |||||||||||
Class A | 6,763,309 | 13,665,816 | — | 348,815 | — | 2,450,339 | |||||
Class C | 491,465 | 1,380,473 | — | 23,247 | — | 120,396 | |||||
Class I | 5,884,759 | 12,861,237 | — | 918,553 | — | 3,000,727 | |||||
Class R | 173,513 | 393,808 | — | 46,130 | — | 38,360 | |||||
Class R6 | 501,251 | 637,836 | — | 345,646 | — | 188,121 | |||||
Class Y | 268,394 | 717,805 | — | 50,833 | — | 28,365 | |||||
120,151,502 | 100,071,170 | 21,413,037 | 13,154,683 | 52,407,737 | 53,757,204 | ||||||
Shares redeemed: | |||||||||||
Class A | (26,119,523) | (50,704,568) | (1,919,672) | (2,953,227) | (7,444,935) | (15,166,880) | |||||
Class C | (3,586,192) | (8,732,708) | (257,999) | (866,781) | (471,021) | (853,507) | |||||
Class I | (31,036,344) | (68,444,869) | (5,369,899) | (12,776,814) | (17,164,468) | (31,010,207) | |||||
Class R | (460,596) | (1,117,737) | (178,968) | (410,956) | (183,503) | (167,584) | |||||
Class R6 | (2,738,910) | (4,740,568) | (2,934,271) | (4,196,054) | (1,435,382) | (2,546,655) | |||||
Class Y | (2,389,013) | (7,533,038) | (310,404) | (713,811) | (74,838) | (406,855) | |||||
(66,330,578) | (141,273,488) | (10,971,213) | (21,917,643) | (26,774,147) | (50,151,688) | ||||||
Net increase (decrease) | 53,820,924 | (41,202,318) | 10,441,824 | (8,762,960) | 25,633,590 | 3,605,516 |
Delaware Ivy Mid Cap Growth Fund |
Delaware Ivy Mid Cap Income Opportunities Fund |
Delaware Ivy Small Cap Growth Fund | |||||||||
Six months ended |
Year ended | Six months ended |
Year ended | Six months ended |
Year ended | ||||||
9/30/24 | 3/31/24 | 9/30/24 | 3/31/24 | 9/30/24 | 3/31/24 | ||||||
Shares sold: | |||||||||||
Class A | 1,167,611 | 3,853,493 | 257,874 | 615,484 | 903,471 | 2,619,833 | |||||
Class C | 178,866 | 432,653 | 19,480 | 64,574 | 105,330 | 205,904 | |||||
Class I | 9,146,698 | 20,650,986 | 3,293,791 | 9,403,939 | 2,548,871 | 5,285,925 | |||||
Class R | 118,206 | 353,202 | 36,403 | 659,487 | 128,672 | 335,919 | |||||
Class R6 | 3,840,190 | 12,847,432 | 367,629 | 1,130,445 | 474,134 | 2,037,627 | |||||
Class Y | 636,992 | 1,205,789 | 23,510 | 250,217 | 88,691 | 392,923 | |||||
Shares from reorganization:1 | |||||||||||
Class A | 24,121,871 | — | — | — | 1,624,592 | — | |||||
Class C | 1,737,673 | — | — | — | 636,743 | — | |||||
Class I | 11,473,739 | — | — | — | 3,106,920 | — | |||||
Class R | 305,604 | — | — | — | 128,838 | — | |||||
Class R6 | 1,159,373 | — | — | — | — | — | |||||
Shares issued upon reinvestment of dividends and distributions: | |||||||||||
Class A | — | 3,863,763 | 55,109 | 479,882 | — | 2,613,631 | |||||
Class C | — | 337,475 | 2,656 | 48,091 | — | 231,085 | |||||
Class I | — | 5,624,465 | 330,683 | 2,564,914 | — | 754,848 | |||||
Class R | — | 165,346 | 3,525 | 29,577 | — | 205,596 | |||||
Class R6 | — | 2,318,269 | 38,425 | 267,127 | — | 245,182 | |||||
Class Y | — | 500,143 | 4,598 | 39,240 | — | 99,864 | |||||
53,886,823 | 52,153,016 | 4,433,683 | 15,552,977 | 9,746,262 | 15,028,337 | ||||||
Shares redeemed: | |||||||||||
Class A | (7,213,437) | (13,258,007) | (864,515) | (2,646,023) | (5,609,237) | (13,754,232) | |||||
Class C | (936,537) | (1,282,570) | (165,049) | (334,919) | (479,773) | (1,159,017) | |||||
Class I | (20,554,850) | (29,124,818) | (6,938,704) | (25,691,849) | (5,921,838) | (13,722,907) | |||||
Class R | (318,471) | (837,471) | (104,337) | (86,889) | (341,963) | (766,891) | |||||
Class R6 | (6,826,177) | (10,671,599) | (737,047) | (1,681,502) | (2,617,039) | (2,445,309) | |||||
Class Y | (1,232,799) | (2,206,360) | (119,583) | (208,109) | (271,504) | (2,950,795) | |||||
(37,082,271) | (57,380,825) | (8,929,235) | (30,649,291) | (15,241,354) | (34,799,151) | ||||||
Net increase (decrease) | 16,804,552 | (5,227,809) | (4,495,552) | (15,096,314) | (5,495,092) | (19,770,814) |
Delaware Ivy Smid Cap Core Fund |
Delaware Ivy Systematic Emerging Markets Equity Fund | ||||||
Six months ended |
Year ended | Six months ended |
Year ended | ||||
9/30/24 | 3/31/24 | 9/30/24 | 3/31/24 | ||||
Shares sold: | |||||||
Class A | 265,531 | 820,792 | 359,193 | 751,326 | |||
Class C | 40,823 | 96,067 | 56,699 | 53,843 | |||
Class I | 1,714,958 | 1,369,882 | 1,716,166 | 3,900,466 | |||
Class R | 92,269 | 208,225 | 34,183 | 56,410 | |||
Class R6 | 116,618 | 363,227 | 546,988 | 1,182,942 | |||
Class Y | 16,358 | 53,236 | 114,128 | 404,902 | |||
Shares issued upon reinvestment of dividends and distributions: | |||||||
Class A | 13,398 | 58,992 | — | 288,725 | |||
Class C | 735 | 6,837 | — | 40,304 | |||
Class I | 18,026 | 63,216 | — | 773,725 | |||
Class R | 1,222 | 8,139 | — | 9,875 | |||
Class R6 | 5,620 | 19,271 | — | 229,152 | |||
Class Y | 421 | 2,144 | — | 44,926 | |||
2,285,979 | 3,070,028 | 2,827,357 | 7,736,596 | ||||
Shares redeemed: | |||||||
Class A | (770,550) | (2,031,718) | (1,145,497) | (2,845,770) | |||
Class C | (139,262) | (392,729) | (220,083) | (620,635) | |||
Class I | (1,404,114) | (4,026,804) | (4,274,519) | (11,742,505) | |||
Class R | (137,487) | (252,861) | (41,056) | (98,730) | |||
Class R6 | (255,735) | (758,487) | (1,610,403) | (3,185,553) | |||
Class Y | (32,384) | (92,569) | (207,129) | (584,309) | |||
(2,739,532) | (7,555,168) | (7,498,687) | (19,077,502) | ||||
Net decrease | (453,553) | (4,485,140) | (4,671,330) | (11,340,906) |
1 | See Note 5. |
Six months ended September 30, 2024 | Year ended March 31, 2024 | ||||||||||
Exchange Redemptions |
Exchange Subscriptions |
Value | Exchange Redemptions |
Exchange Subscriptions |
Value | ||||||
Delaware Ivy Core Equity Fund | $2,803,010 | $2,749,709 | |||||||||
Class A | 145,640 | 12,431 | 98,168 | 78,449 | |||||||
Class C | 17,266 | — | 50,013 | — | |||||||
Class I | — | 106,539 | 34,447 | 76,907 | |||||||
Class R6 | — | 11,689 | — | 4,139 |
Six months ended September 30, 2024 | Year ended March 31, 2024 | ||||||||||
Exchange Redemptions |
Exchange Subscriptions |
Value | Exchange Redemptions |
Exchange Subscriptions |
Value | ||||||
Delaware Ivy Global Bond Fund | $44,530 | $173,461 | |||||||||
Class A | 2,011 | 2,855 | 3,960 | 15,493 | |||||||
Class C | 2,859 | — | 3,227 | — | |||||||
Class I | — | 2,014 | 12,270 | 3,965 | |||||||
Delaware Ivy Global Growth Fund | $344,404 | $397,391 | |||||||||
Class A | 5,569 | 3,871 | 5,730 | 7,282 | |||||||
Class C | 3,446 | — | 3,785 | — | |||||||
Class I | 1,408 | 5,270 | 4,716 | 5,440 | |||||||
Class Y | — | 376 | — | — | |||||||
Delaware Ivy High Income Fund | $3,887,904 | $2,601,988 | |||||||||
Class A | 402,286 | 98,640 | 77,141 | 285,761 | |||||||
Class C | 96,630 | — | 147,907 | — | |||||||
Class I | 11,151 | 541,090 | 170,091 | 147,151 | |||||||
Class R6 | 126,422 | 1,418 | — | 9,352 | |||||||
Class Y | — | — | 46,828 | — | |||||||
Delaware Ivy International Core Equity Fund | $582,504 | $1,437,039 | |||||||||
Class A | 8,167 | 7,785 | 18,962 | 22,272 | |||||||
Class C | 12,913 | — | 30,730 | — | |||||||
Class I | 5,653 | 16,963 | 8,002 | 45,787 | |||||||
Class R6 | — | 2,832 | — | 5,363 | |||||||
Class Y | 1,216 | — | 20,029 | — | |||||||
Delaware Ivy Large Cap Growth Fund | $4,526,506 | $4,833,422 | |||||||||
Class A | 111,643 | 20,259 | 85,424 | 54,213 | |||||||
Class C | 20,967 | — | 40,953 | — | |||||||
Class I | 6,553 | 89,353 | 49,412 | 72,905 | |||||||
Class R6 | — | 13,057 | — | 32,990 | |||||||
Class Y | — | — | 2,705 | — | |||||||
Delaware Ivy Mid Cap Growth Fund | $1,714,224 | $2,454,988 | |||||||||
Class A | 42,969 | 14,114 | 57,671 | 31,631 | |||||||
Class C | 17,501 | — | 23,946 | — | |||||||
Class I | 4,972 | 42,184 | 14,693 | 54,141 | |||||||
Class R6 | — | 1,199 | 84 | 1,475 | |||||||
Class Y | 1,225 | — | 3,100 | — | |||||||
Delaware Ivy Mid Cap Income Opportunities Fund | $2,535,967 | $2,113,300 | |||||||||
Class A | 62,687 | 26,704 | 117,372 | 959 | |||||||
Class C | 26,825 | — | 1,508 | — | |||||||
Class I | — | 106,281 | 1,670 | 54,040 | |||||||
Class R6 | — | — | 173 | 1,669 | |||||||
Class Y | 43,388 | — | — | 63,611 | |||||||
Delaware Ivy Small Cap Growth Fund | $1,080,119 | $1,411,096 | |||||||||
Class A | 76,992 | 4,172 | 75,469 | 16,375 | |||||||
Class C | 11,527 | — | 31,380 | — | |||||||
Class I | 94 | 21,984 | 4,175 | 57,434 | |||||||
Class R6 | — | 24,265 | — | 4,015 | |||||||
Class Y | — | — | 13,132 | — | |||||||
Delaware Ivy Smid Cap Core Fund | $196,526 | $396,726 | |||||||||
Class A | 5,484 | 3,204 | 5,296 | 4,777 | |||||||
Class C | 8,614 | — | 25,761 | — | |||||||
Class I | 622 | 7,966 | 2,655 | 19,442 |
Six months ended September 30, 2024 | Year ended March 31, 2024 | ||||||||||
Exchange Redemptions |
Exchange Subscriptions |
Value | Exchange Redemptions |
Exchange Subscriptions |
Value | ||||||
Class R6 | — | 92 | — | 127 | |||||||
Delaware Ivy Systematic Emerging Markets Equity Fund | $814,726 | $2,743,960 | |||||||||
Class A | 16,056 | 3,924 | 6,708 | 22,786 | |||||||
Class C | 5,067 | — | 19,057 | — | |||||||
Class I | 13,094 | 26,780 | 127,162 | 11,131 | |||||||
Class R | — | — | 840 | — | |||||||
Class R6 | — | 10,100 | — | 115,665 | |||||||
Class Y | 8,452 | — | — | — |
Acquired Fund(s) | Acquiring Fund |
Delaware Ivy High Yield Fund (Acquired Fund I), a series of the Trust Delaware High-Yield Opportunities Fund (Acquired Fund II), a series of Delaware Group Income Funds |
Delaware Ivy High Income Fund (Acquiring Fund I), a series of the Trust |
Delaware Ivy Total Return Bond Fund (Acquired Fund III), a series of the Trust |
Delaware Ivy Global Bond Fund (Acquiring Fund II), a series of the Trust |
Delaware International Equity Fund (Acquired Fund IV), a series of Delaware Group Global & International Funds Delaware International Equity Fund II (Acquired Fund V), a series of the Trust |
Delaware Ivy International Core Equity Fund (Acquiring Fund III), a series of the Trust |
Delaware Global Equity Fund (Acquired Fund VI), a series of Delaware Global Equity Funds IV Delaware Global Equity Fund II (Acquired Fund XI), a series of the Trust |
Delaware Ivy Global Growth Fund (Acquiring Fund IV), a series of the Trust |
Delaware Ivy Accumulative Fund (Acquired Fund VII), a series of the Trust Delaware Select Growth Fund (Acquired Fund VIII), a series of Voyageur Mutual Funds III |
Delaware Ivy Large Cap Growth Fund (Acquiring Fund V), a series of the Trust |
Delaware Mid Cap Growth Equity Fund (Acquired Fund IX), a series of Delaware Group Equity Funds IV |
Delaware Ivy Mid Cap Growth Fund (Acquiring Fund VI), a series of the Trust |
Acquired Fund(s) | Acquiring Fund |
Delaware Small Cap Growth Fund (Acquired Fund X), a series of Delaware Group Equity Funds IV |
Delaware Ivy Small Cap Growth Fund (Acquiring Fund VII), a series of the Trust |
Acquired Fund | Shareholder Approval Date |
Acquired Fund II Acquired Fund IV Acquired Fund V Acquired Fund VI |
March 25, 2024 |
Acquired Fund VII Acquired Fund VIII |
April 30, 2024 |
Acquired Fund IX Acquired Fund X |
May 6, 2024 |
Acquired Fund XI | June 6, 2024 |
Acquired Fund | Reorganization Date |
Acquired Fund I Acquired Fund II Acquired Fund III |
April 26, 2024 |
Acquired Fund IV Acquired Fund V Acquired Fund VI |
May 3, 2024 |
Acquired Fund VII Acquired Fund VIII Acquired Fund IX Acquired Fund X |
June 7, 2024 |
Acquired Fund XI | July 26, 2024 |
Acquired Fund I Net Assets |
Acquired Fund I Shares Outstanding |
Shares Converted to Acquiring Fund I |
Acquiring Fund I Net Assets |
Conversion Ratio | |||||
Class A | $6,548,465 | 776,805 | 1,091,411 | $1,081,506,264 | 1.4050 | ||||
Class C | — | — | — | 106,974,966 | — | ||||
Class I | 19,011,243 | 2,255,189 | 3,168,541 | 992,606,874 | 1.4050 | ||||
Class R | — | — | — | 32,247,080 | — | ||||
Class R6 | 15,945 | 1,878 | 2,657 | 52,045,106 | 1.4148 | ||||
Class Y | — | — | — | 54,109,954 | — |
Acquired Fund II Net Assets |
Acquired Fund II Shares Outstanding |
Shares Converted to Acquiring Fund I |
Acquiring Fund I Net Assets |
Conversion Ratio | |||||
Class A | $298,958,478 | 88,188,342 | 49,826,459 | $1,081,506,264 | 0.5650 | ||||
Class C | 2,359,840 | 696,118 | 393,307 | 106,974,966 | 0.5650 | ||||
Class I/Institutional Class* | 73,953,134 | 21,879,625 | 12,325,522 | 992,606,874 | 0.5633 | ||||
Class R | 2,183,570 | 642,227 | 363,928 | 32,247,080 | 0.5667 | ||||
Class R6 | 52,229,524 | 15,452,522 | 8,704,921 | 52,045,106 | 0.5633 | ||||
Class Y | — | — | — | 54,109,954 | — |
Acquired Fund III Net Assets |
Acquired Fund III Shares Outstanding |
Shares Converted to Acquiring Fund II |
Acquiring Fund II Net Assets |
Conversion Ratio | |||||
Class A | $5,241,459 | 636,099 | 584,984 | $93,345,887 | 0.9196 | ||||
Class C | 179,136 | 22,007 | 20,015 | 1,666,314 | 0.9095 | ||||
Class I | 17,233,034 | 2,073,771 | 1,925,479 | 210,589,902 | 0.9285 | ||||
Class R | — | — | — | 336,493 | — | ||||
Class R6 | 40,681 | 4,797 | 4,550 | 163,561,879 | 0.9485 | ||||
Class Y | — | — | — | 1,968,354 | — |
Acquired Fund IV Net Assets |
Acquired Fund IV Shares Outstanding |
Shares Converted to Acquiring Fund III |
Acquiring Fund III Net Assets |
Conversion Ratio | |||||
Class A | $135,708,949 | 9,728,240 | 6,537,040 | $291,262,715 | 0.6720 | ||||
Class C | 2,389,837 | 172,054 | 132,548 | 17,357,490 | 0.7704 | ||||
Class I/Institutional Class* | 108,872,439 | 7,765,509 | 5,194,296 | 676,850,654 | 0.6689 | ||||
Class R | 904,221 | 64,680 | 43,598 | 39,156,771 | 0.6741 | ||||
Class R6 | 2,480,656 | 176,559 | 118,014 | 247,563,186 | 0.6684 | ||||
Class Y | — | — | — | 38,282,983 | — |
Acquired Fund V Net Assets |
Acquired Fund V Shares Outstanding |
Shares Converted to Acquiring Fund III |
Acquiring Fund III Net Assets |
Conversion Ratio | |||||
Class A | $34,447,967 | 2,322,857 | 1,659,343 | $291,262,715 | 0.7144 | ||||
Class C | 295,989 | 22,056 | 16,416 | 17,357,490 | 0.7443 | ||||
Class I | 17,463,716 | 1,131,070 | 833,192 | 676,850,654 | 0.7366 | ||||
Class R | 360,018 | 24,642 | 17,359 | 39,156,771 | 0.7044 | ||||
Class R6 | 398,554 | 25,003 | 18,961 | 247,563,186 | 0.7583 | ||||
Class Y | 461,972 | 30,473 | 22,062 | 38,282,983 | 0.7240 |
Acquired Fund VI Net Assets |
Acquired Fund VI Shares Outstanding |
Shares Converted to Acquiring Fund IV |
Acquiring Fund IV Net Assets |
Conversion Ratio | |||||
Class A | $179,284,431 | 27,329,944 | 5,236,111 | $337,173,127 | 0.1916 | ||||
Class C | — | — | — | 2,107,600 | — | ||||
Class I/Institutional Class* | 3,050,836 | 433,974 | 84,324 | 175,334,869 | 0.1943 | ||||
Class R | — | — | — | 758,475 | — | ||||
Class R6 | 105,652 | 14,776 | 2,912 | 14,386,544 | 0.1971 | ||||
Class Y | — | — | — | 1,816,818 | — |
Acquired Fund VII Net Assets |
Acquired Fund VII Shares Outstanding |
Shares Converted to Acquiring Fund V |
Acquiring Fund V Net Assets |
Conversion Ratio | |||||
Class A | $496,817,294 | 81,445,458 | 14,852,535 | $2,577,336,834 | 0.1824 | ||||
Class C | 1,403,074 | 393,018 | 61,918 | 60,906,353 | 0.1575 | ||||
Class I | 64,773,215 | 10,281,463 | 1,760,620 | 4,211,398,600 | 0.1712 | ||||
Class R | — | — | — | 33,923,702 | — | ||||
Class R6 | — | — | — | 308,859,780 | — | ||||
Class Y | — | — | — | 34,960,874 | — |
Acquired Fund VIII Net Assets |
Acquired Fund VIII Shares Outstanding |
Shares Converted to Acquiring Fund V |
Acquiring Fund V Net Assets |
Conversion Ratio | |||||
Class A | $185,019,574 | 6,755,005 | 5,531,228 | $2,577,336,834 | 0.8188 | ||||
Class C | 2,758,443 | 254,704 | 121,732 | 60,906,353 | 0.4779 | ||||
Class I/Institutional Class* | 26,531,473 | 810,369 | 721,160 | 4,211,398,600 | 0.8899 | ||||
Class R | 777,982 | 32,840 | 25,317 | 33,923,702 | 0.7709 | ||||
Class R6 | — | — | — | 308,859,780 | — | ||||
Class Y | — | — | — | 34,960,874 | — |
Acquired Fund IX Net Assets |
Acquired Fund IX Shares Outstanding |
Acquiring Fund VI Net Assets |
Acquiring Fund VI Net Assets |
Conversion Ratio | |||||
Class A | $643,330,310 | 40,008,104 | 24,121,871 | $1,420,384,857 | 0.6029 | ||||
Class C | 32,772,506 | 1,713,147 | 1,737,673 | 62,385,230 | 1.0143 | ||||
Class I/Institutional Class* |
353,505,893 | 12,317,278 | 11,473,739 | 2,868,013,709 | 0.9315 | ||||
Class R | 7,649,278 | 590,678 | 305,604 | 50,264,343 | 0.5174 | ||||
Class R6 | 36,218,815 | 1,252,380 | 1,159,373 | 1,185,239,557 | 0.9257 | ||||
Class Y | — | — | — | 214,893,557 | — |
Acquired Fund X Net Assets |
Acquired Fund X Shares Outstanding |
Shares Converted to Acquiring Fund VII |
Acquiring Fund VII Net Assets |
Conversion Ratio | |||||
Class A | $19,820,021 | 1,939,337 | 1,624,592 | $585,855,428 | 0.8377 | ||||
Class C | 4,221,604 | 451,026 | 636,743 | 14,797,607 | 1.4118 | ||||
Class I/Institutional Class* |
64,499,652 | 6,154,547 | 3,106,920 | 404,141,184 | 0.5048 | ||||
Class R | 1,475,192 | 148,859 | 128,838 | 41,445,732 | 0.8655 | ||||
Class R6 | — | — | — | 161,923,550 | — | ||||
Class Y | — | — | — | 31,021,579 | — |
Acquired Fund XI Net Assets |
Acquired Fund XI Shares Outstanding |
Shares Converted to Acquiring Fund IV |
Acquiring Fund IV Net Assets |
Conversion Ratio | |||||
Class A | $167,347,443 | 18,170,189 | 4,667,990 | $525,834,105 | 0.2569 | ||||
Class C | 1,756,259 | 192,784 | 82,030 | 2,039,206 | 0.4255 | ||||
Class I | 74,769,538 | 8,074,464 | 1,973,332 | 177,898,628 | 0.2444 | ||||
Class R | 254,446 | 27,687 | 7,348 | 769,281 | 0.2654 | ||||
Class R6 | 1,346,433 | 145,090 | 35,423 | 14,928,737 | 0.2441 | ||||
Class Y | 1,189,737 | 129,179 | 32,857 | 1,884,175 | 0.2544 |
Acquiring Fund I | Acquiring Fund II | Acquiring Fund III | Acquiring Fund IV | ||||
Net investment income (loss) | $89,687,163 | $9,662,693 | $ 18,961,259 | $ 4,571,088 | |||
Net realized gain (loss) on investments | (58,186,084) | (6,322,687) | 52,901,983 | 22,166,533 | |||
Net change in unrealized appreciation (depreciation) | 106,887,277 | 17,467,500 | (6,417,562) | 39,242,292 | |||
Net increase in net assets resulting from operations | $138,388,356 | $20,807,506 | $ 65,445,680 | $ 65,979,913 |
Acquiring Fund V | Acquiring Fund VI | Acquiring Fund VII | |||
Net investment income (loss) | $(5,207,346) | $(13,644,112) | $(5,203,877) | ||
Net realized gain (loss) on investments | 193,647,684 | 713,203,598 | 46,919,172 | ||
Net change in unrealized appreciation (depreciation) | 574,148,291 | (766,930,705) | (29,909,050) | ||
Net increase in net assets resulting from operations | $762,588,629 | $(67,371,219) | $11,806,245 |
Delaware Ivy Global Bond Fund | ||||||
Asset Derivatives Fair Value | ||||||
Statements of Assets and Liabilities Location |
Currency Contracts |
Interest Rate Contracts |
Total | |||
Unrealized appreciation on forward foreign currency exchange contracts | $11,036 | $— | $11,036 | |||
Variation margin due from broker on futures contracts* | — | 1,559,261 | 1,559,261 | |||
Variation margin due to brokers on centrally cleared interest rate swap contracts* | — | 2,272,164 | 2,272,164 | |||
Total | $11,036 | $3,831,425 | $3,842,461 |
Delaware Ivy Global Bond Fund | ||||||||
Liability Derivatives Fair Value | ||||||||
Statements of Assets and Liabilities Location |
Currency Contracts |
Interest Rate Contracts |
Credit Contracts |
Total | ||||
Unrealized depreciation on forward foreign currency exchange contracts | $(2,686,193) | $— | $— | $(2,686,193) | ||||
Variation margin due from broker on futures contracts* | — | (727,573) | — | (727,573) | ||||
Variation margin due to brokers on centrally cleared interest rate swap contracts* | — | (1,040,812) | — | (1,040,812) | ||||
Unrealized depreciation on over-the-counter credit default swap contracts | — | — | (188,653) | (188,653) | ||||
Options written, at value | — | (38,391) | — | (38,391) | ||||
Total | $(2,686,193) | $(1,806,776) | $(188,653) | $(4,681,622) |
Delaware Ivy Global Bond Fund | Net Realized Gain (Loss) on: | ||||||||||||
Forward Foreign Currency Exchange Contracts |
Futures Contracts |
Options Purchased |
Options Written |
Swap Contracts |
Total | ||||||||
Currency contracts | $(5,218,472) | $— | $(431,366) | $230,663 | $(16,852) | $(5,436,027) | |||||||
Interest rate contracts | — | (2,319,403) | (66,504) | 246,414 | 541,524 | (1,597,969) | |||||||
Credit contracts | — | 276,759 | — | — | (75,411) | 201,348 | |||||||
Total | $(5,218,472) | $(2,042,644) | $(497,870) | $477,077 | $449,261 | $(6,832,648) |
Net Change in Unrealized Appreciation (Depreciation) on: | |||||||||||
Forward Foreign Currency Exchange Contracts |
Futures Contracts |
Options Purchased |
Options Written |
Swap Contracts |
Total | ||||||
Currency contracts | $(1,922,213) | $— | $413,497 | $(223,288) | $— | $(1,732,004) | |||||
Interest rate contracts | — | 1,803,464 | — | 22,719 | 732,037 | 2,558,220 | |||||
Credit contracts | — | — | — | — | (33,272) | (33,272) | |||||
Total | $(1,922,213) | $1,803,464 | $413,497 | $(200,569) | $698,765 | $792,944 |
Long Derivative Volume | |||||
Delaware Ivy Global Bond Fund |
Delaware Ivy International Core Equity Fund | ||||
Forward foreign currency exchange contracts (average contract amount) | $ | 8,423,422 | $ | 63,901 | |
Futures contracts (average notional amount) | 391,324,594 | — | |||
Options contracts (average value)* | 20,092 | — | |||
CDS contracts (average notional amount)** | 9,179,110 | — | |||
Interest rate swap contracts (average notional amount) | AUD | 98,894,488 | AUD | — | |
Interest rate swap contracts (average notional amount) | CAD | 35,822,835 | CAD | — | |
Interest rate swap contracts (average notional amount) | EUR | 75,256,638 | EUR | — | |
Interest rate swap contracts (average notional amount) | GBP | 24,239,961 | GBP | — | |
Interest rate swap contracts (average notional amount) | JPY | 4,952,755,906 | JPY | — | |
Interest rate swap contracts (average notional amount) | 36,915,606 | — |
Short Derivative Volume | ||
Delaware Ivy Global Bond Fund | ||
Forward foreign currency exchange contracts (average contract amount) | $ | 197,713,511 |
Futures contracts (average notional amount) | 253,830,945 | |
Options contracts (average value)* | 70,369 | |
CDS contracts (average notional amount)** | 223,071 |
Delaware Ivy Global Bond Fund | ||||||
Counterparty | Gross Value of Derivative Asset |
Gross Value of Derivative Liability |
Net Position | |||
Citigroup | $ — | $(888,422) | $(888,422) | |||
JPMorgan Chase Bank | 11,036 | (218,045) | (207,009) | |||
TD Bank | — | (1,768,379) | (1,768,379) | |||
Total | $11,036 | $(2,874,846) | $(2,863,810) |
Counterparty | Net Position | Fair Value of Non-Cash Collateral Received |
Cash Collateral Received |
Fair Value of Non-Cash Collateral Pledged |
Cash Collateral Pledged |
Net Exposure(a) | ||||||
Citigroup | $(888,422) | $— | $— | $— | $888,422 | $ — | ||||||
JPMorgan Chase Bank | (207,009) | — | — | — | 207,009 | — | ||||||
TD Bank | (1,768,379) | — | — | — | 1,768,379 | — | ||||||
Total | $(2,863,810) | $— | $— | $— | $2,863,810 | — |
Special Shareholder Meeting Date |
Reorganization | For | Against | Abstain |
March 25, 2024 | Delaware International Equity Fund II into Delaware Ivy International Core Equity Fund |
3,214,747 | 22,277 | 50,442 |
April 30, 2024 | Delaware Ivy Accumulative Fund into Delaware Ivy Large Cap Growth Fund |
43,265,155 | 2,377,440 | 10,095,151 |
June 6, 2024 | Delaware Global Equity Fund II into Delaware Ivy Global Growth Fund |
11,784,161 | 265,564 | 3,100,702 |
1 | |
25 | |
28 | |
30 | |
36 | |
72 | |
98 |
Futures Contracts Exchange-Traded | |||||||||||||
Contracts to Buy (Sell) | Notional Amount |
Notional Cost (Proceeds) |
Expiration Date |
Value/ Unrealized Appreciation |
Value/ Unrealized Depreciation |
Variation Margin Due from (Due to) Brokers | |||||||
(30) | US Treasury 10 yr Notes | $(3,428,438) | $(3,438,206) | 12/19/24 | $9,768 | $— | $13,594 | ||||||
(95) | US Treasury 10 yr Ultra Notes | (11,238,204) | (11,244,644) | 12/19/24 | 6,440 | — | 48,984 | ||||||
87 | US Treasury Long Bonds | 10,804,313 | 10,857,327 | 12/19/24 | — | (53,014) | (59,813) | ||||||
(63) | US Treasury Ultra Bonds | (8,384,906) | (8,440,848) | 12/19/24 | 55,942 | — | 49,219 | ||||||
Total Futures Contracts | $(12,266,371) | $72,150 | $(53,014) | $51,984 |
CDS Contracts2 | ||||||||||||
Counterparty/ Reference Obligation/ Termination Date/ Payment Frequency |
Notional Amount3 |
Annual Protection Payments |
Value | Amortized Upfront Payments Paid (Received) |
Unrealized Depreciation4 |
Variation Margin Due from (Due to) Brokers | ||||||
Centrally Cleared: | ||||||||||||
Protection Purchased/Moody’s Ratings: | ||||||||||||
CDX.NA.HY.425 6/20/29-Quarterly |
1,620,000 | 5.000% | $(125,606) | $(115,190) | $(10,416) | $220 | ||||||
$(125,606) | $(115,190) | $(10,416) | $220 |
Futures Contracts Exchange-Traded | |||||||||||||
Contracts to Buy (Sell) | Notional Amount |
Notional Cost (Proceeds) |
Expiration Date |
Value/ Unrealized Appreciation |
Value/ Unrealized Depreciation |
Variation Margin Due from (Due to) Brokers | |||||||
35 | US Treasury 5 yr Notes | $3,845,898 | $3,829,849 | 12/31/24 | $16,049 | $— | $(12,852) | ||||||
(61) | US Treasury 10 yr Notes | (6,971,156) | (6,964,335) | 12/19/24 | — | (6,821) | 27,641 | ||||||
(186) | US Treasury 10 yr Ultra Notes | (22,003,220) | (22,015,828) | 12/19/24 | 12,608 | — | 95,905 | ||||||
191 | US Treasury Long Bonds | 23,719,813 | 23,836,200 | 12/19/24 | — | (116,387) | (131,312) | ||||||
11 | US Treasury Ultra Bonds | 1,464,031 | 1,473,934 | 12/19/24 | — | (9,903) | (8,594) | ||||||
Total Futures Contracts | $159,820 | $28,657 | $(133,111) | $(29,212) |
1 | See Note 7 in “Notes to financial statements.” |
Summary of abbreviations: (continued) |
SOFR03M – Secured Overnight Financing Rate 3 Month |
TBD – To be determined |
USBMMY3M – US Treasury 3 Month Bill Money Market Yield |
USD – US Dollar |
yr – Year |
Number ofshares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.83%) | 881,475 | $ 881,475 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.89%) | 881,475 | 881,475 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.83%) | 881,475 | 881,475 | |
Total Short-Term Investments (cost $3,525,900) |
3,525,900 | ||
Total Value of Securities—100.13% (cost $202,201,366) |
$191,094,480 |
† | Non-income producing security. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security in the disclosure table located in Note 3 in “Notes to financial statements.” |
Delaware Climate Solutions Fund |
Delaware Ivy Asset Strategy Fundφ |
Delaware Ivy Balanced Fund |
Delaware Ivy Natural Resources Fund |
Delaware Ivy Science and Technology Fund |
Delaware Real Estate Securities Fund | ||||||
Assets: | |||||||||||
Investments, at value* | $132,293,508 | $1,760,136,176 | $1,575,775,721 | $191,094,480 | $5,972,030,205 | $114,549,181 | |||||
Investments of affiliated issuers, at value** | — | 1,470,067 | — | — | — | — | |||||
Bullion, at value‡ | — | 86,416,486 | — | — | — | — | |||||
Foreign currencies, at valueΔ | — | 9,549,331 | — | — | — | — | |||||
Cash | — | 6,141,750 | 328,327 | 25,666 | 117 | — | |||||
Cash collateral due from brokers | — | 488,692 | 460,966 | — | — | — | |||||
Dividends and interest receivable | 128,056 | 6,543,417 | 4,524,262 | 245,160 | 2,775,759 | 483,821 | |||||
Receivable for fund shares sold | 126,649 | 1,066,723 | 2,196,534 | 179,408 | 4,614,469 | 61,738 | |||||
Foreign tax reclaims receivable | 118,347 | 1,090,948 | 100,868 | 70,575 | 1,334,392 | 1,709 | |||||
Prepaid expenses | 59,589 | 88,378 | 69,718 | 57,441 | 26,172 | 60,722 | |||||
Receivable for securities sold | — | 3,355,023 | 4,084,941 | — | — | — | |||||
Variation margin due from broker on futures contracts | — | 51,984 | — | — | — | — | |||||
Variation margin due from broker on centrally cleared credit default swap contracts | — | 220 | — | — | — | — | |||||
Due from brokers | — | 72,045 | — | — | — | — | |||||
Other assets | — | — | 25,448 | — | 8,457 | — | |||||
Total Assets | 132,726,149 | 1,876,471,240 | 1,587,566,785 | 191,672,730 | 5,980,789,571 | 115,157,171 | |||||
Liabilities: | |||||||||||
Due to custodian | 209 | — | 3 | 25,933 | — | — | |||||
Payable for fund shares redeemed | 337,775 | 1,803,617 | 2,871,380 | 348,019 | 9,633,618 | 250,442 | |||||
Other accrued expenses | 152,099 | 832,070 | 539,196 | 290,752 | 1,469,988 | 148,925 | |||||
Investment management fees payable to affiliates | 62,978 | 1,017,214 | 835,350 | 129,541 | 3,778,182 | 53,933 | |||||
Distribution fees payable to affiliates | 22,880 | 325,149 | 273,412 | 30,400 | 932,847 | 15,661 | |||||
Payable for securities purchased | — | 23,668,552 | 5,770,646 | — | — | — | |||||
Variation margin due to broker on futures contracts | — | — | 29,212 | — | — | — | |||||
Accrued capital gains taxes on appreciated securities | — | 2,027,942 | — | — | — | — | |||||
IRS compliance fee for foreign withholding tax claims (see Note 1) | — | 932,138 | — | — | — | — | |||||
Total Liabilities | 575,941 | 30,606,682 | 10,319,199 | 824,645 | 15,814,635 | 468,961 | |||||
Total Net Assets | $132,150,208 | $1,845,864,558 | $1,577,247,586 | $190,848,085 | $5,964,974,936 | $114,688,210 | |||||
Delaware Climate Solutions Fund |
Delaware Ivy Asset Strategy Fundφ |
Delaware Ivy Balanced Fund |
Delaware Ivy Natural Resources Fund |
Delaware Ivy Science and Technology Fund |
Delaware Real Estate Securities Fund | ||||||
Net Assets Consist of: | |||||||||||
Paid-in capital | $285,505,187 | $1,969,924,490 | $1,261,530,527 | $798,601,255 | $2,504,905,171 | $54,741,350 | |||||
Total distributable earnings (loss) | (153,354,979) | (124,059,932) | 315,717,059 | (607,753,170) | 3,460,069,765 | 59,946,860 | |||||
Total Net Assets | $132,150,208 | $1,845,864,558 | $1,577,247,586 | $190,848,085 | $5,964,974,936 | $114,688,210 | |||||
Net Asset Value | |||||||||||
Class A: | |||||||||||
Net assets | $55,250,485 | $1,328,674,689 | $1,156,775,542 | $116,902,234 | $3,837,829,127 | $70,028,149 | |||||
Shares of beneficial interest outstanding, unlimited authorization, no par | 5,503,882 | 57,870,524 | 48,969,080 | 6,958,724 | 64,895,218 | 3,966,180 | |||||
Net asset value per share | $10.04 | $22.96 | $23.62 | $16.80 | $59.14 | $17.66 | |||||
Sales charge | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | |||||
Offering price per share, equal to net asset value per share / (1 - sales charge) | $10.65 | $24.36 | $25.06 | $17.82 | $62.75 | $18.74 | |||||
Class C: | |||||||||||
Net assets | $4,347,777 | $35,832,005 | $38,876,280 | $2,221,057 | $82,770,545 | $467,906 | |||||
Shares of beneficial interest outstanding, unlimited authorization, no par | 474,249 | 1,733,096 | 1,678,000 | 165,133 | 2,662,470 | 28,087 | |||||
Net asset value per share | $9.17 | $20.68 | $23.17 | $13.45 | $31.09 | $16.66 | |||||
Class I: | |||||||||||
Net assets | $48,710,572 | $355,469,032 | $350,506,559 | $48,264,230 | $1,465,366,952 | $36,578,915 | |||||
Shares of beneficial interest outstanding, unlimited authorization, no par | 4,627,038 | 15,123,163 | 14,828,175 | 2,729,558 | 18,826,726 | 2,031,722 | |||||
Net asset value per share | $10.53 | $23.50 | $23.64 | $17.68 | $77.83 | $18.00 | |||||
Class R: | |||||||||||
Net assets | $18,554,441 | $22,372,432 | $10,301,460 | $7,898,293 | $109,532,227 | $574,417 | |||||
Shares of beneficial interest outstanding, unlimited authorization, no par | 1,874,907 | 994,926 | 437,909 | 477,451 | 2,075,150 | 32,692 | |||||
Net asset value per share | $9.90 | $22.49 | $23.52 | $16.54 | $52.78 | $17.57 | |||||
Class R6: | |||||||||||
Net assets | $1,927,832 | $21,432,457 | $10,095,042 | $5,407,064 | $170,984,716 | $3,762,997 | |||||
Shares of beneficial interest outstanding, unlimited authorization, no par | 182,221 | 909,272 | 425,971 | 306,086 | 2,150,286 | 208,714 | |||||
Net asset value per share | $10.58 | $23.57 | $23.70 | $17.67 | $79.52 | $18.03 |
Delaware Climate Solutions Fund |
Delaware Ivy Asset Strategy Fundφ |
Delaware Ivy Balanced Fund |
Delaware Ivy Natural Resources Fund |
Delaware Ivy Science and Technology Fund |
Delaware Real Estate Securities Fund | ||||||
Class Y: | |||||||||||
Net assets | $3,359,101 | $82,083,943 | $10,692,703 | $10,155,207 | $298,491,369 | $3,275,826 | |||||
Shares of beneficial interest outstanding, unlimited authorization, no par | 327,432 | 3,557,743 | 452,524 | 587,349 | 4,346,650 | 183,286 | |||||
Net asset value per share | $10.26 | $23.07 | $23.63 | $17.29 | $68.67 | $17.87 | |||||
*Investments, at cost |
$122,070,634 | $1,328,768,952 | $1,179,623,270 | $202,201,366 | $3,318,359,533 | $65,123,890 | |||||
**Investments of affiliated issuers, at cost | — | 612,381,366 | — | — | — | — | |||||
‡Bullion, at cost | — | 38,406,159 | — | — | — | — | |||||
ΔForeign currencies, at cost | — | 9,629,125 | — | — | — | — |
Delaware Climate Solutions Fund |
Delaware Ivy Asset Strategy Fundφ |
Delaware Ivy Balanced Fund |
Delaware Ivy Natural Resources Fund |
Delaware Ivy Science and Technology Fund |
Delaware Real Estate Securities Fund | ||||||
Investment Income: | |||||||||||
Dividends | $2,050,423 | $12,011,788 | $7,067,303 | $2,602,778 | $16,197,756 | $1,541,924 | |||||
Interest | — | 14,932,994 | 12,086,971 | — | — | — | |||||
Reclaim income | — | 2,738,677 | — | — | 1,370,516 | — | |||||
IRS compliance fee for foreign withholding tax claims (see Note 1) | — | (70,509) | — | — | — | — | |||||
Foreign tax withheld | (106,771) | (909,851) | (111,886) | (68,308) | (701,231) | (3,796) | |||||
1,943,652 | 28,703,099 | 19,042,388 | 2,534,470 | 16,867,041 | 1,538,128 | ||||||
Expenses: | |||||||||||
Management fees | 586,695 | 6,192,547 | 5,284,525 | 840,946 | 23,027,965 | 492,752 | |||||
Distribution expenses — Class A | 71,759 | 1,645,056 | 1,411,961 | 151,568 | 4,668,465 | 83,163 | |||||
Distribution expenses — Class C | 23,057 | 182,287 | 201,349 | 11,701 | 421,983 | 2,443 | |||||
Distribution expenses — Class R | 46,785 | 54,749 | 24,198 | 21,235 | 267,276 | 1,294 | |||||
Distribution expenses — Class Y | 4,832 | 101,113 | 13,079 | 13,137 | 360,778 | 3,668 | |||||
Dividend disbursing and transfer agent fees and expenses | 129,632 | 1,036,911 | 767,491 | 184,644 | 2,659,828 | 93,651 | |||||
Registration fees | 72,104 | 106,603 | 127,433 | 87,992 | 176,625 | 95,737 | |||||
Accounting and administration expenses | 42,363 | 156,903 | 134,367 | 40,886 | 407,977 | 29,299 | |||||
Audit and tax fees | 18,366 | 34,131 | 22,862 | 21,026 | 18,639 | 19,036 | |||||
Reports and statements to shareholders expenses | 15,931 | 132,586 | 67,661 | 23,514 | 195,848 | 15,116 | |||||
Custodian fees | 9,507 | 34,636 | 8,114 | 9,942 | 36,928 | 5,796 | |||||
Legal fees | 5,474 | 145,592 | 44,171 | 6,418 | 140,443 | 3,951 | |||||
Trustees’ fees | 3,130 | 40,827 | 34,611 | 4,449 | 129,067 | 2,455 | |||||
Other | 11,907 | 73,673 | 49,451 | 21,517 | 77,188 | 9,857 | |||||
1,041,542 | 9,937,614 | 8,191,273 | 1,438,975 | 32,589,010 | 858,218 | ||||||
Less expenses waived | (213,354) | — | (340,062) | (129,029) | — | (249,155) | |||||
Less expenses paid indirectly | (383) | (14,460) | (8,687) | (587) | (18,721) | (333) | |||||
Total operating expenses | 827,805 | 9,923,154 | 7,842,524 | 1,309,359 | 32,570,289 | 608,730 | |||||
Net Investment Income (Loss) | 1,115,847 | 18,779,945 | 11,199,864 | 1,225,111 | (15,703,248) | 929,398 |
Delaware Climate Solutions Fund |
Delaware Ivy Asset Strategy Fundφ |
Delaware Ivy Balanced Fund |
Delaware Ivy Natural Resources Fund |
Delaware Ivy Science and Technology Fund |
Delaware Real Estate Securities Fund | ||||||
Net Realized and Unrealized Gain (Loss): | |||||||||||
Net realized gain (loss) on: | |||||||||||
Investments* | $(2,870,401) | $47,103,733 | $46,639,376 | $(7,325,059) | $542,979,043 | $12,950,812 | |||||
Foreign currencies | (9,889) | (110,459) | (6) | (13,849) | (21,890) | (284) | |||||
Forward foreign currency exchange contracts | — | (60,182) | (131,559) | — | — | — | |||||
Futures contracts | — | (504,767) | (295,575) | — | — | — | |||||
Swap contracts | — | 577 | (126,241) | — | — | — | |||||
Net realized gain (loss) | (2,880,290) | 46,428,902 | 46,085,995 | (7,338,908) | 542,957,153 | 12,950,528 | |||||
Net change in unrealized appreciation (depreciation) on: | |||||||||||
Investments1 | 12,793,820 | 57,495,345 | 61,472,386 | 13,763,468 | 102,344,514 | (209,944) | |||||
Affiliated investments | — | 1,323,837 | — | — | — | — | |||||
Foreign currencies | 3,085 | 50,658 | (13) | 2,667 | 16,582 | 78 | |||||
Forward foreign currency exchange contracts | — | 10,113 | 21,197 | — | — | — | |||||
Futures contracts | — | 71,372 | 74,278 | — | — | — | |||||
Swap contracts | — | (12,686) | 120,773 | — | — | — | |||||
Net change in unrealized appreciation (depreciation) | 12,796,905 | 58,938,639 | 61,688,621 | 13,766,135 | 102,361,096 | (209,866) | |||||
Net Realized and Unrealized Gain (Loss) | 9,916,615 | 105,367,541 | 107,774,616 | 6,427,227 | 645,318,249 | 12,740,662 | |||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $11,032,462 | $124,147,486 | $118,974,480 | $7,652,338 | $629,615,001 | $13,670,060 |
* | Includes $4,649,853 in proceeds received from the settlement of class action litigation for Delaware Ivy Science and Technology Fund. |
φ | Consolidated statement of operations. |
1 | Includes $(2,027,942) capital gains tax accrued for Delaware Ivy Asset Strategy Fund. |
Delaware Climate Solutions Fund |
Delaware Ivy Asset Strategy Fundφ | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Increase (Decrease) in Net Assets from Operations: | |||||||
Net investment income (loss) | $1,115,847 | $2,048,487 | $18,779,945 | $41,373,348 | |||
Net realized gain (loss) | (2,880,290) | (1,412,216) | 46,428,902 | 85,236,164 | |||
Net change in unrealized appreciation (depreciation) | 12,796,905 | (11,434,052) | 58,938,639 | 200,573,380 | |||
Net increase (decrease) in net assets resulting from operations | 11,032,462 | (10,797,781) | 124,147,486 | 327,182,892 | |||
Dividends and Distributions to Shareholders from: | |||||||
Distributable earnings: | |||||||
Class A | — | (1,677,303) | (13,082,407) | (39,270,395) | |||
Class C | — | (90,456) | (279,818) | (1,067,484) | |||
Class I | — | (2,003,299) | (3,805,007) | (11,636,024) | |||
Class R | — | (497,708) | (197,786) | (603,151) | |||
Class R6 | — | (97,430) | (235,840) | (621,952) | |||
Class Y | — | (109,689) | (799,120) | (2,423,940) | |||
— | (4,475,885) | (18,399,978) | (55,622,946) | ||||
Capital Share Transactions (See Note 4): | |||||||
Proceeds from shares sold: | |||||||
Class A | 887,398 | 4,368,512 | 16,451,026 | 44,931,480 | |||
Class C | 48,329 | 257,285 | 2,083,285 | 3,426,376 | |||
Class I | 3,963,019 | 11,508,925 | 26,590,406 | 33,052,991 | |||
Class R | 483,712 | 1,661,970 | 1,431,854 | 2,126,693 | |||
Class R6 | 119,931 | 1,756,156 | 1,009,245 | 2,964,290 | |||
Class Y | 140,725 | 555,629 | 1,825,506 | 3,871,765 | |||
Net asset value of shares issued upon reinvestment of dividends and distributions: | |||||||
Class A | — | 1,670,129 | 12,878,022 | 38,690,447 | |||
Class C | — | 89,839 | 279,470 | 1,066,659 | |||
Class I | — | 1,623,425 | 3,772,282 | 11,540,884 | |||
Class R | — | 497,640 | 197,786 | 603,151 | |||
Class R6 | — | 70,586 | 226,409 | 595,961 | |||
Class Y | — | 108,793 | 794,449 | 2,412,694 | |||
5,643,114 | 24,168,889 | 67,539,740 | 145,283,391 |
Delaware Climate Solutions Fund |
Delaware Ivy Asset Strategy Fundφ | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Capital Share Transactions (See Note 4) (continued): Cost of shares redeemed: |
|||||||
Class A | $(11,183,641) | $(30,919,405) | $(104,090,295) | $(208,660,883) | |||
Class C | (946,614) | (4,790,609) | (6,268,399) | (20,744,272) | |||
Class I | (14,427,761) | (49,341,479) | (53,694,615) | (134,531,404) | |||
Class R | (3,020,005) | (14,079,163) | (2,263,630) | (4,202,310) | |||
Class R6 | (1,238,696) | (2,076,974) | (1,801,179) | (3,611,221) | |||
Class Y | (1,531,048) | (3,096,385) | (6,616,329) | (15,775,675) | |||
(32,347,765) | (104,304,015) | (174,734,447) | (387,525,765) | ||||
Decrease in net assets derived from capital share transactions | (26,704,651) | (80,135,126) | (107,194,707) | (242,242,374) | |||
Net Increase (Decrease) in Net Assets | (15,672,189) | (95,408,792) | (1,447,199) | 29,317,572 | |||
Net Assets: | |||||||
Beginning of period | 147,822,397 | 243,231,189 | 1,847,311,757 | 1,817,994,185 | |||
End of period | $132,150,208 | $147,822,397 | $1,845,864,558 | $1,847,311,757 |
φ | Consolidated statements of changes in net assets. |
Delaware Ivy Balanced Fund |
Delaware Ivy Natural Resources Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Increase (Decrease) in Net Assets from Operations: | |||||||
Net investment income (loss) | $11,199,864 | $20,546,608 | $1,225,111 | $5,874,672 | |||
Net realized gain (loss) | 46,085,995 | 8,876,162 | (7,338,908) | 2,532,552 | |||
Net change in unrealized appreciation (depreciation) | 61,688,621 | 242,374,655 | 13,766,135 | (332,767) | |||
Net increase (decrease) in net assets resulting from operations | 118,974,480 | 271,797,425 | 7,652,338 | 8,074,457 | |||
Dividends and Distributions to Shareholders from: | |||||||
Distributable earnings: | |||||||
Class A | (7,522,552) | (23,910,606) | — | (2,524,051) | |||
Class C | (111,495) | (615,876) | — | (43,309) | |||
Class I | (2,714,278) | (8,940,097) | — | (1,200,289) | |||
Class R | (54,288) | (176,136) | — | (150,136) | |||
Class R6 | (80,947) | (237,448) | — | (121,575) | |||
Class Y | (69,301) | (215,763) | — | (188,509) | |||
(10,552,861) | (34,095,926) | — | (4,227,869) | ||||
Capital Share Transactions (See Note 4): | |||||||
Proceeds from shares sold: | |||||||
Class A | 31,880,432 | 81,275,122 | 1,515,265 | 3,498,832 | |||
Class C | 2,121,301 | 4,320,755 | 181,133 | 599,592 | |||
Class I | 33,008,696 | 63,991,794 | 2,431,091 | 7,951,354 | |||
Class R | 554,537 | 1,087,361 | 361,456 | 1,380,948 | |||
Class R6 | 603,797 | 1,912,560 | 657,184 | 2,877,230 | |||
Class Y | 734,605 | 1,301,139 | 546,508 | 1,547,040 | |||
Net asset value of shares issued upon reinvestment of dividends and distributions: | |||||||
Class A | 7,459,587 | 23,715,226 | — | 2,484,496 | |||
Class C | 111,475 | 615,665 | — | 42,833 | |||
Class I | 2,699,983 | 8,896,319 | — | 1,194,060 | |||
Class R | 54,269 | 176,082 | — | 150,136 | |||
Class R6 | 78,295 | 228,572 | — | 88,720 | |||
Class Y | 69,131 | 215,251 | — | 188,339 | |||
79,376,108 | 187,735,846 | 5,692,637 | 22,003,580 |
Delaware Ivy Balanced Fund |
Delaware Ivy Natural Resources Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Capital Share Transactions (See Note 4) (continued): Cost of shares redeemed: |
|||||||
Class A | $(102,159,777) | $(235,831,690) | $(12,727,923) | $(35,559,107) | |||
Class C | (9,213,327) | (32,723,525) | (433,885) | (2,096,537) | |||
Class I | (84,482,411) | (161,584,942) | (8,005,435) | (34,512,105) | |||
Class R | (500,727) | (1,775,742) | (1,805,441) | (4,813,266) | |||
Class R6 | (1,176,963) | (2,962,231) | (885,282) | (1,858,746) | |||
Class Y | (1,299,444) | (2,782,488) | (1,290,647) | (4,109,178) | |||
(198,832,649) | (437,660,618) | (25,148,613) | (82,948,939) | ||||
Decrease in net assets derived from capital share transactions | (119,456,541) | (249,924,772) | (19,455,976) | (60,945,359) | |||
Net Decrease in Net Assets | (11,034,922) | (12,223,273) | (11,803,638) | (57,098,771) | |||
Net Assets: | |||||||
Beginning of period | 1,588,282,508 | 1,600,505,781 | 202,651,723 | 259,750,494 | |||
End of period | $1,577,247,586 | $1,588,282,508 | $190,848,085 | $202,651,723 |
Delaware Ivy Science and Technology Fund |
Delaware Real Estate Securities Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Increase (Decrease) in Net Assets from Operations: | |||||||
Net investment income (loss) | $(15,703,248) | $(22,670,400) | $929,398 | $2,325,103 | |||
Net realized gain (loss) | 542,957,153 | 432,461,645 | 12,950,528 | 5,079,990 | |||
Net change in unrealized appreciation (depreciation) | 102,361,096 | 1,380,411,995 | (209,866) | 142,931 | |||
Net increase (decrease) in net assets resulting from operations | 629,615,001 | 1,790,203,240 | 13,670,060 | 7,548,024 | |||
Dividends and Distributions to Shareholders from: | |||||||
Distributable earnings: | |||||||
Class A | — | (355,376,805) | (697,496) | (7,712,823) | |||
Class C | — | (16,181,874) | (3,542) | (59,796) | |||
Class I | — | (107,732,191) | (408,571) | (4,925,373) | |||
Class R | — | (11,620,540) | (5,073) | (44,515) | |||
Class R6 | — | (10,701,010) | (32,271) | (201,693) | |||
Class Y | — | (23,082,328) | (30,860) | (295,078) | |||
— | (524,694,748) | (1,177,813) | (13,239,278) | ||||
Capital Share Transactions (See Note 4): | |||||||
Proceeds from shares sold: | |||||||
Class A | 50,589,800 | 139,037,583 | 940,456 | 2,151,589 | |||
Class C | 2,886,602 | 6,895,026 | 7,781 | 34,159 | |||
Class I | 125,386,812 | 203,842,581 | 3,884,152 | 6,274,295 | |||
Class R | 6,963,757 | 11,120,824 | 108,683 | 123,752 | |||
Class R6 | 19,858,122 | 40,792,680 | 1,488,675 | 542,464 | |||
Class Y | 25,673,732 | 44,331,959 | 115,492 | 273,773 | |||
Net asset value of shares issued upon reinvestment of dividends and distributions: | |||||||
Class A | — | 352,856,784 | 693,799 | 7,690,370 | |||
Class C | — | 16,176,948 | 3,542 | 59,794 | |||
Class I | — | 107,191,200 | 408,296 | 4,918,755 | |||
Class R | — | 11,618,702 | 5,073 | 44,515 | |||
Class R6 | — | 10,282,229 | 24,116 | 201,693 | |||
Class Y | — | 23,026,908 | 30,860 | 295,078 | |||
231,358,825 | 967,173,424 | 7,710,925 | 22,610,237 |
Delaware Ivy Science and Technology Fund |
Delaware Real Estate Securities Fund | ||||||
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 |
Six months ended 9/30/24 (Unaudited) |
Year ended 3/31/24 | ||||
Capital Share Transactions (See Note 4) (continued): Cost of shares redeemed: |
|||||||
Class A | $(360,861,718) | $(729,084,455) | $(9,594,886) | $(22,975,290) | |||
Class C | (17,791,330) | (57,471,373) | (169,410) | (298,554) | |||
Class I | (219,777,987) | (526,628,929) | (11,959,332) | (33,299,075) | |||
Class R | (18,802,451) | (28,920,233) | (83,883) | (171,596) | |||
Class R6 | (22,190,491) | (39,217,747) | (133,463) | (708,040) | |||
Class Y | (42,288,440) | (75,210,729) | (188,571) | (929,171) | |||
(681,712,417) | (1,456,533,466) | (22,129,545) | (58,381,726) | ||||
Decrease in net assets derived from capital share transactions | (450,353,592) | (489,360,042) | (14,418,620) | (35,771,489) | |||
Net Increase (Decrease) in Net Assets | 179,261,409 | 776,148,450 | (1,926,373) | (41,462,743) | |||
Net Assets: | |||||||
Beginning of period | 5,785,713,527 | 5,009,565,077 | 116,614,583 | 158,077,326 | |||
End of period | $5,964,974,936 | $5,785,713,527 | $114,688,210 | $116,614,583 |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $9.25 | $9.88 | $9.69 | $6.18 | $3.25 | $9.45 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.08 | 0.09 | 0.18 | 0.11 | 0.07 | 0.04 | |||||||
Net realized and unrealized gain (loss) | 0.71 | (0.48)3 | 0.18 | 3.51 | 2.97 | (6.24) | |||||||
Total from investment operations | 0.79 | (0.39) | 0.36 | 3.62 | 3.04 | (6.20) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.24) | (0.17) | (0.11) | (0.11) | — | |||||||
Total dividends and distributions | — | (0.24) | (0.17) | (0.11) | (0.11) | — | |||||||
Net asset value, end of period | $10.04 | $9.25 | $9.88 | $9.69 | $6.18 | $3.25 | |||||||
Total return4 | 8.54% | (3.92%)3 | 3.68% | 59.24% | 94.23% | (65.61%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $55,250 | $60,980 | $91,379 | $104,280 | $725 | $405 | |||||||
Ratio of expenses to average net assets6 | 1.24% | 1.24% | 1.28% | 1.35% | 1.35% | 1.41% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.54% | 1.43% | 1.48% | 1.72% | 1.87% | 1.71% | |||||||
Ratio of net investment income to average net assets | 1.58% | 1.00% | 1.80% | 1.60% | 1.52% | 0.52% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.28% | 0.81% | 1.60% | 1.23% | 1.00% | 0.22% | |||||||
Portfolio turnover | 4% | 13% | 108% | 113% | 30% | 23% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.01 and total return by 0.10%. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $8.48 | $9.03 | $8.88 | $5.68 | $2.97 | $8.70 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | 0.04 | 0.03 | 0.09 | 0.06 | 0.03 | (0.01) | |||||||
Net realized and unrealized gain (loss) | 0.65 | (0.44)3 | 0.17 | 3.21 | 2.73 | (5.72) | |||||||
Total from investment operations | 0.69 | (0.41) | 0.26 | 3.27 | 2.76 | (5.73) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.14) | (0.11) | (0.07) | (0.05) | — | |||||||
Total dividends and distributions | — | (0.14) | (0.11) | (0.07) | (0.05) | — | |||||||
Net asset value, end of period | $9.17 | $8.48 | $9.03 | $8.88 | $5.68 | $2.97 | |||||||
Total return4 | 8.14% | (4.57%)3 | 2.88% | 57.97% | 93.07% | (65.86%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $4,348 | $4,902 | $9,909 | $13,503 | $95 | $65 | |||||||
Ratio of expenses to average net assets6 | 1.99% | 1.99% | 2.03% | 2.09% | 2.09% | 2.11% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 2.29% | 2.18% | 2.17% | 2.34% | 2.44% | 2.31% | |||||||
Ratio of net investment income (loss) to average net assets | 0.83% | 0.32% | 1.00% | 0.87% | 0.77% | (0.20%) | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | 0.53% | 0.13% | 0.86% | 0.62% | 0.42% | (0.40%) | |||||||
Portfolio turnover | 4% | 13% | 108% | 113% | 30% | 23% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes a non-recurring payment for litigation proceeds, which represents a class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.01 and total return by 0.11%. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $9.69 | $10.34 | $10.13 | $6.45 | $3.40 | $9.85 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.09 | 0.13 | 0.22 | 0.14 | 0.09 | 0.08 | |||||||
Net realized and unrealized gain (loss) | 0.75 | (0.51)3 | 0.18 | 3.67 | 3.11 | (6.53) | |||||||
Total from investment operations | 0.84 | (0.38) | 0.40 | 3.81 | 3.20 | (6.45) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.27) | (0.19) | (0.13) | (0.15) | — | |||||||
Total dividends and distributions | — | (0.27) | (0.19) | (0.13) | (0.15) | — | |||||||
Net asset value, end of period | $10.53 | $9.69 | $10.34 | $10.13 | $6.45 | $3.40 | |||||||
Total return4 | 8.67% | (3.69%)3 | 3.97% | 59.90% | 95.08% | (65.48%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $48,711 | $55,024 | $97,636 | $110,841 | $975 | $525 | |||||||
Ratio of expenses to average net assets6 | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.29% | 1.18% | 1.00% | 1.14% | 1.20% | 1.17% | |||||||
Ratio of net investment income to average net assets | 1.83% | 1.32% | 2.09% | 1.93% | 1.87% | 0.95% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.53% | 1.13% | 2.08% | 1.78% | 1.66% | 0.77% | |||||||
Portfolio turnover | 4% | 13% | 108% | 113% | 30% | 23% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.01 and total return by 0.10%. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $9.13 | $9.74 | $9.57 | $6.10 | $3.20 | $9.34 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.06 | 0.07 | 0.15 | 0.09 | 0.05 | 0.01 | |||||||
Net realized and unrealized gain (loss) | 0.71 | (0.48)3 | 0.17 | 3.46 | 2.93 | (6.15) | |||||||
Total from investment operations | 0.77 | (0.41) | 0.32 | 3.55 | 2.98 | (6.14) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.20) | (0.15) | (0.08) | (0.08) | — | |||||||
Total dividends and distributions | — | (0.20) | (0.15) | (0.08) | (0.08) | — | |||||||
Net asset value, end of period | $9.90 | $9.13 | $9.74 | $9.57 | $6.10 | $3.20 | |||||||
Total return4 | 8.43%5 | (4.14%)3,5 | 3.31%5 | 58.80% | 93.40%5 | (65.74%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $18,554 | $19,602 | $33,606 | $36,368 | $246 | $76 | |||||||
Ratio of expenses to average net assets7 | 1.49% | 1.49% | 1.56% | 1.73% | 1.75% | 1.74% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.79% | 1.68% | 1.57% | 1.73% | 1.77% | 1.74% | |||||||
Ratio of net investment income to average net assets | 1.33% | 0.77% | 1.49% | 1.23% | 1.06% | 0.19% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.03% | 0.58% | 1.48% | 1.23% | 1.04% | 0.19% | |||||||
Portfolio turnover | 4% | 13% | 108% | 113% | 30% | 23% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.01 and total return by 0.10%. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $9.73 | $10.39 | $10.18 | $6.49 | $3.42 | $9.90 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.10 | 0.13 | 0.22 | 0.16 | 0.09 | 0.08 | |||||||
Net realized and unrealized gain (loss) | 0.75 | (0.51)3 | 0.19 | 3.66 | 3.13 | (6.56) | |||||||
Total from investment operations | 0.85 | (0.38) | 0.41 | 3.82 | 3.22 | (6.48) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.28) | (0.20) | (0.13) | (0.15) | — | |||||||
Total dividends and distributions | — | (0.28) | (0.20) | (0.13) | (0.15) | — | |||||||
Net asset value, end of period | $10.58 | $9.73 | $10.39 | $10.18 | $6.49 | $3.42 | |||||||
Total return4 | 8.74%5 | (3.58%)3,5 | 4.03%5 | 59.68%5 | 95.11%5 | (65.45%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $1,928 | $2,879 | $3,411 | $6,610 | $36 | $26 | |||||||
Ratio of expenses to average net assets7 | 0.83% | 0.88% | 0.96% | 0.98% | 0.99% | 0.99% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.13% | 1.07% | 0.97% | 0.99% | 1.02% | 0.99% | |||||||
Ratio of net investment income to average net assets | 1.99% | 1.35% | 2.09% | 2.07% | 1.84% | 0.95% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.69% | 1.16% | 2.08% | 2.06% | 1.81% | 0.95% | |||||||
Portfolio turnover | 4% | 13% | 108% | 113% | 30% | 23% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.01 and total return by 0.10%. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/24 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $9.46 | $10.08 | $9.85 | $6.28 | $3.30 | $9.59 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income1 | 0.08 | 0.10 | 0.18 | 0.12 | 0.07 | 0.04 | |||||||
Net realized and unrealized gain (loss) | 0.72 | (0.49)2 | 0.19 | 3.56 | 3.02 | (6.33) | |||||||
Total from investment operations | 0.80 | (0.39) | 0.37 | 3.68 | 3.09 | (6.29) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.23) | (0.14) | (0.11) | (0.11) | — | |||||||
Total dividends and distributions | — | (0.23) | (0.14) | (0.11) | (0.11) | — | |||||||
Net asset value, end of period | $10.26 | $9.46 | $10.08 | $9.85 | $6.28 | $3.30 | |||||||
Total return3 | 8.46% | (3.89%)2 | 3.69% | 59.24% | 94.31% | (65.59%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $3,359 | $4,435 | $7,290 | $11,467 | $84 | $44 | |||||||
Ratio of expenses to average net assets5 | 1.24% | 1.24% | 1.28% | 1.35% | 1.35% | 1.41% | |||||||
Ratio of expenses to average net assets prior to fees waived5 | 1.54% | 1.43% | 1.29% | 1.38% | 1.42% | 1.42% | |||||||
Ratio of net investment income to average net assets | 1.58% | 1.03% | 1.81% | 1.61% | 1.50% | 0.46% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.28% | 0.84% | 1.80% | 1.58% | 1.43% | 0.45% | |||||||
Portfolio turnover | 4% | 13% | 108% | 113% | 30% | 23% |
1 | Calculated using average shares outstanding. |
2 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.01 and total return by 0.10%. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
4 | Net assets reported in millions. |
5 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $21.66 | $18.60 | $23.05 | $24.45 | $17.41 | $20.63 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.223 | 0.453 | 0.32 | 0.29 | 0.29 | 0.43 | |||||||
Net realized and unrealized gain (loss) | 1.30 | 3.23 | (1.53) | 1.12 | 7.39 | (2.42) | |||||||
Total from investment operations | 1.52 | 3.68 | (1.21) | 1.41 | 7.68 | (1.99) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.22) | (0.62) | (0.27) | (0.55) | (0.39) | (0.42) | |||||||
Net realized gain | — | — | (2.97) | (2.26) | (0.25) | (0.81) | |||||||
Total dividends and distributions | (0.22) | (0.62) | (3.24) | (2.81) | (0.64) | (1.23) | |||||||
Net asset value, end of period | $22.96 | $21.66 | $18.60 | $23.05 | $24.45 | $17.41 | |||||||
Total return4 | 7.06%3 | 20.14%3 | (4.79%) | 5.33%5 | 44.79% | (10.69%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $1,328,675 | $1,327,361 | $1,259,211 | $1,531,209 | $1,6016 | $1,1286 | |||||||
Ratio of expenses to average net assets7 | 1.12% | 1.05% | 1.15% | 1.11% | 1.07% | 1.13% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.12% | 1.05% | 1.15% | 1.11% | 1.07% | 1.13% | |||||||
Ratio of net investment income to average net assets | 2.02% | 2.29% | 1.61% | 1.16% | 1.33% | 2.03% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 2.02% | 2.29% | 1.61% | 1.16% | 1.33% | 2.03% | |||||||
Portfolio turnover | 24% | 54% | 74% | 33% | 40% | 44% |
φ | Consolidated financial highlights. |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.03 and $0.07 and total return by 0.14% and 0.38% for the six months ended September 30, 2024 and year ended March 31, 2024, respectively. See Note 1 in “Notes to financial statements.” |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
5 | Payments by affiliates had no impact on net asset value and total return. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $19.54 | $16.84 | $21.25 | $22.75 | $16.24 | $19.33 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.133 | 0.283 | 0.11 | 0.08 | 0.13 | 0.27 | |||||||
Net realized and unrealized gain (loss) | 1.17 | 2.91 | (1.44) | 1.05 | 6.87 | (2.26) | |||||||
Total from investment operations | 1.30 | 3.19 | (1.33) | 1.13 | 7.00 | (1.99) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.16) | (0.49) | (0.11) | (0.37) | (0.24) | (0.29) | |||||||
Net realized gain | — | — | (2.97) | (2.26) | (0.25) | (0.81) | |||||||
Total dividends and distributions | (0.16) | (0.49) | (3.08) | (2.63) | (0.49) | (1.10) | |||||||
Net asset value, end of period | $20.68 | $19.54 | $16.84 | $21.25 | $22.75 | $16.24 | |||||||
Total return4 | 6.66%3 | 19.26%3 | (5.80%) | 4.49%5 | 43.70% | (11.37%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $35,832 | $37,710 | $48,216 | $89,955 | $1466 | $2986 | |||||||
Ratio of expenses to average net assets7 | 1.87% | 1.80% | 2.18% | 1.92% | 1.86% | 1.88% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.87% | 1.80% | 2.18% | 1.92% | 1.86% | 1.88% | |||||||
Ratio of net investment income to average net assets | 1.27% | 1.58% | 0.58% | 0.35% | 0.63% | 1.34% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.27% | 1.58% | 0.58% | 0.35% | 0.63% | 1.34% | |||||||
Portfolio turnover | 24% | 54% | 74% | 33% | 40% | 44% |
φ | Consolidated financial highlights. |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.03 and $0.06 and total return by 0.15% and 0.36% for the six months ended September 30, 2024 and year ended March 31, 2024, respectively. See Note 1 in “Notes to financial statements.” |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
5 | Payments by affiliates had no impact on net asset value and total return. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $22.17 | $19.01 | $23.48 | $24.85 | $17.68 | $20.93 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.263 | 0.513 | 0.38 | 0.36 | 0.35 | 0.50 | |||||||
Net realized and unrealized gain (loss) | 1.32 | 3.31 | (1.57) | 1.14 | 7.51 | (2.46) | |||||||
Total from investment operations | 1.58 | 3.82 | (1.19) | 1.50 | 7.86 | (1.96) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.25) | (0.66) | (0.31) | (0.61) | (0.44) | (0.48) | |||||||
Net realized gain | — | — | (2.97) | (2.26) | (0.25) | (0.81) | |||||||
Total dividends and distributions | (0.25) | (0.66) | (3.28) | (2.87) | (0.69) | (1.29) | |||||||
Net asset value, end of period | $23.50 | $22.17 | $19.01 | $23.48 | $24.85 | $17.68 | |||||||
Total return4 | 7.15%3 | 20.49%3 | (4.58%) | 5.59%5 | 45.16% | (10.44%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $355,469 | $358,336 | $393,751 | $597,362 | $7136 | $5866 | |||||||
Ratio of expenses to average net assets7 | 0.87% | 0.80% | 0.90% | 0.88% | 0.83% | 0.87% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 0.87% | 0.80% | 0.90% | 0.88% | 0.83% | 0.87% | |||||||
Ratio of net investment income to average net assets | 2.27% | 2.56% | 1.86% | 1.39% | 1.59% | 2.31% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 2.27% | 2.56% | 1.86% | 1.39% | 1.59% | 2.31% | |||||||
Portfolio turnover | 24% | 54% | 74% | 33% | 40% | 44% |
φ | Consolidated financial highlights. |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.03 and $0.07 and total return by 0.14% and 0.37% for the six months ended September 30, 2024 and year ended March 31, 2024, respectively. See Note 1 in “Notes to financial statements.” |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Payments by affiliates had no impact on net asset value and total return. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $21.23 | $18.24 | $22.68 | $24.09 | $17.17 | $20.35 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.193 | 0.393 | 0.25 | 0.20 | 0.22 | 0.36 | |||||||
Net realized and unrealized gain (loss) | 1.27 | 3.18 | (1.51) | 1.11 | 7.27 | (2.37) | |||||||
Total from investment operations | 1.46 | 3.57 | (1.26) | 1.31 | 7.49 | (2.01) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.20) | (0.58) | (0.21) | (0.46) | (0.32) | (0.36) | |||||||
Net realized gain | — | — | (2.97) | (2.26) | (0.25) | (0.81) | |||||||
Total dividends and distributions | (0.20) | (0.58) | (3.18) | (2.72) | (0.57) | (1.17) | |||||||
Net asset value, end of period | $22.49 | $21.23 | $18.24 | $22.68 | $24.09 | $17.17 | |||||||
Total return4 | 6.90%3 | 19.88%3 | (5.10%) | 4.98%5 | 44.26% | (10.93%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $22,372 | $21,732 | $20,073 | $23,787 | $286 | $286 | |||||||
Ratio of expenses to average net assets7 | 1.37% | 1.30% | 1.47% | 1.46% | 1.42% | 1.46% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.37% | 1.30% | 1.47% | 1.46% | 1.42% | 1.46% | |||||||
Ratio of net investment income to average net assets | 1.77% | 2.04% | 1.29% | 0.81% | 1.02% | 1.72% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.77% | 2.04% | 1.29% | 0.81% | 1.02% | 1.72% | |||||||
Portfolio turnover | 24% | 54% | 74% | 33% | 40% | 44% |
φ | Consolidated financial highlights. |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.03 and $0.07 and total return by 0.14% and 0.38% for the six months ended September 30, 2024 and year ended March 31, 2024, respectively. See Note 1 in “Notes to financial statements.” |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Payments by affiliates had no impact on net asset value and total return. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $22.23 | $19.08 | $23.55 | $24.92 | $17.73 | $20.99 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.273 | 0.513 | 0.41 | 0.40 | 0.37 | 0.51 | |||||||
Net realized and unrealized gain (loss) | 1.33 | 3.32 | (1.56) | 1.14 | 7.54 | (2.45) | |||||||
Total from investment operations | 1.60 | 3.83 | (1.15) | 1.54 | 7.91 | (1.94) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.26) | (0.68) | (0.35) | (0.65) | (0.47) | (0.51) | |||||||
Net realized gain | — | — | (2.97) | (2.26) | (0.25) | (0.81) | |||||||
Total dividends and distributions | (0.26) | (0.68) | (3.32) | (2.91) | (0.72) | (1.32) | |||||||
Net asset value, end of period | $23.57 | $22.23 | $19.08 | $23.55 | $24.92 | $17.73 | |||||||
Total return4 | 7.23%3 | 20.45%3 | (4.39%) | 5.73%5 | 45.35% | (10.32%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $21,433 | $20,788 | $17,914 | $16,520 | $196 | $86 | |||||||
Ratio of expenses to average net assets7 | 0.77% | 0.77% | 0.77% | 0.72% | 0.67% | 0.72% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 0.77% | 0.77% | 0.77% | 0.72% | 0.67% | 0.72% | |||||||
Ratio of net investment income to average net assets | 2.37% | 2.56% | 1.99% | 1.56% | 1.62% | 2.35% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 2.37% | 2.56% | 1.99% | 1.56% | 1.62% | 2.35% | |||||||
Portfolio turnover | 24% | 54% | 74% | 33% | 40% | 44% |
φ | Consolidated financial highlights. |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.03 and $0.07 and total return by 0.13% and 0.37% for the six months ended September 30, 2024 and year ended March 31, 2024, respectively. See Note 1 in “Notes to financial statements.” |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Payments by affiliates had no impact on net asset value and total return. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $21.77 | $18.69 | $23.14 | $24.53 | $17.47 | $20.69 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.223 | 0.453 | 0.33 | 0.30 | 0.30 | 0.44 | |||||||
Net realized and unrealized gain (loss) | 1.30 | 3.25 | (1.53) | 1.12 | 7.40 | (2.42) | |||||||
Total from investment operations | 1.52 | 3.70 | (1.20) | 1.42 | 7.70 | (1.98) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.22) | (0.62) | (0.28) | (0.55) | (0.39) | (0.43) | |||||||
Net realized gain | — | — | (2.97) | (2.26) | (0.25) | (0.81) | |||||||
Total dividends and distributions | (0.22) | (0.62) | (3.25) | (2.81) | (0.64) | (1.24) | |||||||
Net asset value, end of period | $23.07 | $21.77 | $18.69 | $23.14 | $24.53 | $17.47 | |||||||
Total return4 | 7.02%3 | 20.15%3 | (4.72%) | 5.35%5,6 | 44.75%6 | (10.64%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $82,084 | $81,385 | $78,829 | $96,913 | $1097 | $987 | |||||||
Ratio of expenses to average net assets8 | 1.12% | 1.05% | 1.11% | 1.09% | 1.07% | 1.11% | |||||||
Ratio of expenses to average net assets prior to fees waived8 | 1.12% | 1.05% | 1.11% | 1.11% | 1.08% | 1.11% | |||||||
Ratio of net investment income to average net assets | 2.02% | 2.30% | 1.65% | 1.17% | 1.36% | 2.08% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 2.02% | 2.30% | 1.65% | 1.15% | 1.35% | 2.08% | |||||||
Portfolio turnover | 24% | 54% | 74% | 33% | 40% | 44% |
φ | Consolidated financial highlights. |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes the refunded European tax reclaims. These reclaims impacted the net investment income per share by $0.03 and $0.07 and total return by 0.14% and 0.37% for the six months ended September 30, 2024 and year ended March 31, 2024, respectively. See Note 1 in “Notes to financial statements.” |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Payments by affiliates had no impact on net asset value and total return. |
6 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
7 | Net assets reported in millions. |
8 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $22.02 | $18.85 | $25.53 | $27.29 | $20.43 | $23.58 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.16 | 0.26 | 0.21 | 0.12 | 0.24 | 0.31 | |||||||
Net realized and unrealized gain (loss) | 1.59 | 3.363 | (2.06) | 1.28 | 8.38 | (1.57) | |||||||
Total from investment operations | 1.75 | 3.62 | (1.85) | 1.40 | 8.62 | (1.26) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.15) | (0.45) | (0.15) | (0.12) | (0.28) | (0.34) | |||||||
Net realized gain | — | — | (4.68) | (3.04) | (1.48) | (1.55) | |||||||
Total dividends and distributions | (0.15) | (0.45) | (4.83) | (3.16) | (1.76) | (1.89) | |||||||
Net asset value, end of period | $23.62 | $22.02 | $18.85 | $25.53 | $27.29 | $20.43 | |||||||
Total return4 | 7.97%5 | 19.36%3,5 | (6.71%) | 4.57% | 42.81% | (6.55%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $1,156,776 | $1,140,285 | $1,102,496 | $1,485,004 | $1,5096 | $1,0866 | |||||||
Ratio of expenses to average net assets7 | 1.05% | 1.06% | 1.10% | 1.04% | 1.07% | 1.10% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.09% | 1.07% | 1.10% | 1.04% | 1.07% | 1.10% | |||||||
Ratio of net investment income to average net assets | 1.41% | 1.30% | 0.97% | 0.44% | 0.95% | 1.27% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.37% | 1.29% | 0.97% | 0.44% | 0.95% | 1.27% | |||||||
Portfolio turnover | 38% | 73% | 82% | 94% | 52% | 43% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.03 and total return by 0.16%. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
5 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $21.60 | $18.49 | $25.21 | $26.98 | $20.24 | $23.38 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | 0.07 | 0.11 | 0.01 | (0.09) | 0.06 | 0.13 | |||||||
Net realized and unrealized gain (loss) | 1.56 | 3.293 | (2.03) | 1.25 | 8.30 | (1.55) | |||||||
Total from investment operations | 1.63 | 3.40 | (2.02) | 1.16 | 8.36 | (1.42) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.06) | (0.29) | (0.02) | — | (0.14) | (0.17) | |||||||
Net realized gain | — | — | (4.68) | (2.93) | (1.48) | (1.55) | |||||||
Total dividends and distributions | (0.06) | (0.29) | (4.70) | (2.93) | (1.62) | (1.72) | |||||||
Net asset value, end of period | $23.17 | $21.60 | $18.49 | $25.21 | $26.98 | $20.24 | |||||||
Total return4 | 7.57%5 | 18.44%3,5 | (7.53%) | 3.77% | 41.82% | (7.24%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $38,876 | $43,118 | $63,537 | $117,058 | $1836 | $2436 | |||||||
Ratio of expenses to average net assets7 | 1.80% | 1.81% | 1.98% | 1.82% | 1.82% | 1.83% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.84% | 1.82% | 1.98% | 1.82% | 1.82% | 1.83% | |||||||
Ratio of net investment income (loss) to average net assets | 0.66% | 0.55% | 0.06% | (0.34%) | 0.23% | 0.54% | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | 0.62% | 0.54% | 0.06% | (0.34%) | 0.23% | 0.54% | |||||||
Portfolio turnover | 38% | 73% | 82% | 94% | 52% | 43% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.03 and total return by 0.16%. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
5 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $22.03 | $18.86 | $25.54 | $27.29 | $20.42 | $23.57 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.19 | 0.31 | 0.26 | 0.18 | 0.29 | 0.36 | |||||||
Net realized and unrealized gain (loss) | 1.60 | 3.363 | (2.06) | 1.28 | 8.39 | (1.57) | |||||||
Total from investment operations | 1.79 | 3.67 | (1.80) | 1.46 | 8.68 | (1.21) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.18) | (0.50) | (0.20) | (0.17) | (0.33) | (0.39) | |||||||
Net realized gain | — | — | (4.68) | (3.04) | (1.48) | (1.55) | |||||||
Total dividends and distributions | (0.18) | (0.50) | (4.88) | (3.21) | (1.81) | (1.94) | |||||||
Net asset value, end of period | $23.64 | $22.03 | $18.86 | $25.54 | $27.29 | $20.42 | |||||||
Total return4 | 8.15%5 | 19.63%3,5 | (6.52%) | 4.82% | 43.15% | (6.32%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $350,507 | $375,021 | $406,338 | $745,878 | $8466 | $6716 | |||||||
Ratio of expenses to average net assets7 | 0.80% | 0.81% | 0.88% | 0.84% | 0.86% | 0.86% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 0.84% | 0.82% | 0.88% | 0.84% | 0.86% | 0.86% | |||||||
Ratio of net investment income to average net assets | 1.66% | 1.55% | 1.17% | 0.64% | 1.17% | 1.51% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.62% | 1.54% | 1.17% | 0.64% | 1.17% | 1.51% | |||||||
Portfolio turnover | 38% | 73% | 82% | 94% | 52% | 43% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.03 and total return by 0.16%. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $21.93 | $18.78 | $25.46 | $27.22 | $20.39 | $23.54 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.13 | 0.21 | 0.15 | 0.01 | 0.15 | 0.22 | |||||||
Net realized and unrealized gain (loss) | 1.59 | 3.353 | (2.05) | 1.26 | 8.36 | (1.57) | |||||||
Total from investment operations | 1.72 | 3.56 | (1.90) | 1.27 | 8.51 | (1.35) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.13) | (0.41) | (0.10) | (0.01) | (0.20) | (0.25) | |||||||
Net realized gain | — | — | (4.68) | (3.02) | (1.48) | (1.55) | |||||||
Total dividends and distributions | (0.13) | (0.41) | (4.78) | (3.03) | (1.68) | (1.80) | |||||||
Net asset value, end of period | $23.52 | $21.93 | $18.78 | $25.46 | $27.22 | $20.39 | |||||||
Total return4 | 7.84%5 | 19.04%3,5 | (6.97%) | 4.15% | 42.31% | (6.90%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $10,301 | $9,503 | $8,650 | $10,852 | $116 | $116 | |||||||
Ratio of expenses to average net assets7 | 1.30% | 1.31% | 1.38% | 1.44% | 1.45% | 1.45% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.34% | 1.32% | 1.38% | 1.44% | 1.45% | 1.45% | |||||||
Ratio of net investment income to average net assets | 1.16% | 1.05% | 0.70% | 0.04% | 0.60% | 0.91% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.12% | 1.04% | 0.70% | 0.04% | 0.60% | 0.91% | |||||||
Portfolio turnover | 38% | 73% | 82% | 94% | 52% | 43% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.03 and total return by 0.16%. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $22.09 | $18.91 | $25.60 | $27.36 | $20.47 | $23.62 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.20 | 0.32 | 0.29 | 0.22 | 0.33 | 0.40 | |||||||
Net realized and unrealized gain (loss) | 1.60 | 3.383 | (2.07) | 1.27 | 8.40 | (1.57) | |||||||
Total from investment operations | 1.80 | 3.70 | (1.78) | 1.49 | 8.73 | (1.17) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.19) | (0.52) | (0.23) | (0.21) | (0.36) | (0.43) | |||||||
Net realized gain | — | — | (4.68) | (3.04) | (1.48) | (1.55) | |||||||
Total dividends and distributions | (0.19) | (0.52) | (4.91) | (3.25) | (1.84) | (1.98) | |||||||
Net asset value, end of period | $23.70 | $22.09 | $18.91 | $25.60 | $27.36 | $20.47 | |||||||
Total return4 | 8.17%5 | 19.72%3,5 | (6.39%) | 4.93% | 43.34% | (6.16%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $10,095 | $9,906 | $9,291 | $10,232 | $116 | $76 | |||||||
Ratio of expenses to average net assets7 | 0.71% | 0.76% | 0.75% | 0.70% | 0.71% | 0.71% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 0.75% | 0.77% | 0.75% | 0.70% | 0.71% | 0.71% | |||||||
Ratio of net investment income to average net assets | 1.75% | 1.61% | 1.33% | 0.78% | 1.30% | 1.65% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.71% | 1.60% | 1.33% | 0.78% | 1.30% | 1.65% | |||||||
Portfolio turnover | 38% | 73% | 82% | 94% | 52% | 43% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.03 and total return by 0.16%. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $22.02 | $18.85 | $25.54 | $27.29 | $20.43 | $23.58 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.16 | 0.26 | 0.22 | 0.12 | 0.24 | 0.31 | |||||||
Net realized and unrealized gain (loss) | 1.60 | 3.363 | (2.07) | 1.28 | 8.38 | (1.57) | |||||||
Total from investment operations | 1.76 | 3.62 | (1.85) | 1.40 | 8.62 | (1.26) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.15) | (0.45) | (0.16) | (0.11) | (0.28) | (0.34) | |||||||
Net realized gain | — | — | (4.68) | (3.04) | (1.48) | (1.55) | |||||||
Total dividends and distributions | (0.15) | (0.45) | (4.84) | (3.15) | (1.76) | (1.89) | |||||||
Net asset value, end of period | $23.63 | $22.02 | $18.85 | $25.54 | $27.29 | $20.43 | |||||||
Total return4 | 8.02%5 | 19.35%3,5 | (6.71%) | 4.59%5 | 42.81%5 | (6.55%)5 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $10,693 | $10,450 | $10,194 | $12,699 | $166 | $146 | |||||||
Ratio of expenses to average net assets7 | 1.05% | 1.06% | 1.07% | 1.04% | 1.07% | 1.10% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.09% | 1.07% | 1.07% | 1.08% | 1.10% | 1.11% | |||||||
Ratio of net investment income to average net assets | 1.41% | 1.31% | 1.01% | 0.44% | 0.97% | 1.27% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.37% | 1.30% | 1.01% | 0.40% | 0.94% | 1.26% | |||||||
Portfolio turnover | 38% | 73% | 82% | 94% | 52% | 43% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.03 and total return by 0.16%. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $16.16 | $15.75 | $16.92 | $12.42 | $7.85 | $13.45 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.10 | 0.39 | 0.35 | 0.21 | 0.09 | 0.13 | |||||||
Net realized and unrealized gain (loss) | 0.54 | 0.33 | (1.20) | 4.61 | 4.51 | (5.51) | |||||||
Total from investment operations | 0.64 | 0.72 | (0.85) | 4.82 | 4.60 | (5.38) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.31) | (0.32) | (0.32) | (0.03) | (0.22) | |||||||
Total dividends and distributions | — | (0.31) | (0.32) | (0.32) | (0.03) | (0.22) | |||||||
Net asset value, end of period | $16.80 | $16.16 | $15.75 | $16.92 | $12.42 | $7.85 | |||||||
Total return3 | 3.96%4 | 4.63% | (5.03%)4 | 39.47% | 58.68% | (40.58%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $116,902 | $123,472 | $150,383 | $170,746 | $1365 | $1025 | |||||||
Ratio of expenses to average net assets6 | 1.38% | 1.20% | 1.44% | 1.82% | 1.84% | 1.77% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.51% | 1.20% | 1.65% | 1.82% | 1.84% | 1.77% | |||||||
Ratio of net investment income to average net assets | 1.18% | 2.54% | 2.20% | 1.57% | 0.82% | 1.05% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.05% | 2.54% | 1.99% | 1.57% | 0.82% | 1.05% | |||||||
Portfolio turnover | 16% | 37% | 48% | 116% | 52% | 44% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $12.99 | $12.71 | $13.81 | $10.22 | $6.48 | $11.13 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.03 | 0.21 | 0.19 | 0.09 | 0.01 | 0.03 | |||||||
Net realized and unrealized gain (loss) | 0.43 | 0.28 | (0.98) | 3.77 | 3.74 | (4.55) | |||||||
Total from investment operations | 0.46 | 0.49 | (0.79) | 3.86 | 3.75 | (4.52) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.21) | (0.31) | (0.27) | (0.01) | (0.13) | |||||||
Total dividends and distributions | — | (0.21) | (0.31) | (0.27) | (0.01) | (0.13) | |||||||
Net asset value, end of period | $13.45 | $12.99 | $12.71 | $13.81 | $10.22 | $6.48 | |||||||
Total return3 | 3.54%4 | 3.89% | (5.76%)4 | 38.45% | 57.83% | (41.02%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $2,221 | $2,394 | $3,846 | $3,460 | $35 | $55 | |||||||
Ratio of expenses to average net assets6 | 2.13% | 1.95% | 2.20% | 2.52% | 2.49% | 2.48% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 2.26% | 1.95% | 2.42% | 2.52% | 2.49% | 2.48% | |||||||
Ratio of net investment income to average net assets | 0.43% | 1.72% | 1.46% | 0.84% | 0.07% | 0.30% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 0.30% | 1.72% | 1.24% | 0.84% | 0.07% | 0.03% | |||||||
Portfolio turnover | 16% | 37% | 48% | 116% | 52% | 44% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $16.99 | $16.52 | $17.72 | $12.99 | $8.18 | $14.06 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.12 | 0.45 | 0.42 | 0.31 | 0.16 | 0.21 | |||||||
Net realized and unrealized gain (loss) | 0.57 | 0.35 | (1.25) | 4.82 | 4.73 | (5.74) | |||||||
Total from investment operations | 0.69 | 0.80 | (0.83) | 5.13 | 4.89 | (5.53) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.33) | (0.37) | (0.40) | (0.08) | (0.35) | |||||||
Total dividends and distributions | — | (0.33) | (0.37) | (0.40) | (0.08) | (0.35) | |||||||
Net asset value, end of period | $17.68 | $16.99 | $16.52 | $17.72 | $12.99 | $8.18 | |||||||
Total return3 | 4.06%4 | 4.93% | (4.73%)4 | 40.30% | 59.85% | (40.26%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $48,264 | $51,824 | $76,474 | $84,343 | $715 | $545 | |||||||
Ratio of expenses to average net assets6 | 1.13% | 0.95% | 1.11% | 1.21% | 1.20% | 1.19% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.26% | 0.95% | 1.14% | 1.21% | 1.20% | 1.19% | |||||||
Ratio of net investment income to average net assets | 1.43% | 2.78% | 2.52% | 2.17% | 1.46% | 1.63% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.30% | 2.78% | 2.49% | 2.17% | 1.46% | 1.63% | |||||||
Portfolio turnover | 16% | 37% | 48% | 116% | 52% | 44% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $15.93 | $15.52 | $16.69 | $12.25 | $7.75 | $13.26 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.08 | 0.35 | 0.32 | 0.22 | 0.09 | 0.13 | |||||||
Net realized and unrealized gain (loss) | 0.53 | 0.31 | (1.19) | 4.54 | 4.45 | (5.42) | |||||||
Total from investment operations | 0.61 | 0.66 | (0.87) | 4.76 | 4.54 | (5.29) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.25) | (0.30) | (0.32) | (0.04) | (0.22) | |||||||
Total dividends and distributions | — | (0.25) | (0.30) | (0.32) | (0.04) | (0.22) | |||||||
Net asset value, end of period | $16.54 | $15.93 | $15.52 | $16.69 | $12.25 | $7.75 | |||||||
Total return3 | 3.83%4 | 4.33% | (5.21%)4 | 39.60% | 58.67% | (40.53%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $7,899 | $9,011 | $12,202 | $14,145 | $125 | $75 | |||||||
Ratio of expenses to average net assets6 | 1.63% | 1.45% | 1.64% | 1.78% | 1.77% | 1.76% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.76% | 1.45% | 1.66% | 1.78% | 1.77% | 1.76% | |||||||
Ratio of net investment income to average net assets | 0.93% | 2.28% | 2.03% | 1.60% | 0.90% | 1.06% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 0.80% | 2.28% | 2.01% | 1.60% | 0.90% | 1.06% | |||||||
Portfolio turnover | 16% | 37% | 48% | 116% | 52% | 44% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $16.96 | $16.56 | $17.79 | $13.03 | $8.21 | $14.12 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.14 | 0.48 | 0.42 | 0.36 | 0.18 | 0.23 | |||||||
Net realized and unrealized gain (loss) | 0.57 | 0.31 | (1.24) | 4.82 | 4.73 | (5.75) | |||||||
Total from investment operations | 0.71 | 0.79 | (0.82) | 5.18 | 4.91 | (5.52) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.39) | (0.41) | (0.42) | (0.09) | (0.39) | |||||||
Total dividends and distributions | — | (0.39) | (0.41) | (0.42) | (0.09) | (0.39) | |||||||
Net asset value, end of period | $17.67 | $16.96 | $16.56 | $17.79 | $13.03 | $8.21 | |||||||
Total return3 | 4.19%4 | 4.89% | (4.63%)4 | 40.61% | 59.94% | (40.11%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $5,407 | $5,446 | $4,213 | $2,228 | $15 | $35 | |||||||
Ratio of expenses to average net assets6 | 0.97% | 0.92% | 1.03% | 1.04% | 0.99% | 1.02% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.10% | 0.92% | 1.07% | 1.04% | 0.99% | 1.02% | |||||||
Ratio of net investment income to average net assets | 1.59% | 2.93% | 2.49% | 2.46% | 1.64% | 1.81% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.46% | 2.93% | 2.45% | 2.46% | 1.64% | 1.81% | |||||||
Portfolio turnover | 16% | 37% | 48% | 116% | 52% | 44% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $16.63 | $16.19 | $17.38 | $12.74 | $8.04 | $13.79 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.10 | 0.40 | 0.38 | 0.28 | 0.13 | 0.17 | |||||||
Net realized and unrealized gain (loss) | 0.56 | 0.33 | (1.24) | 4.73 | 4.63 | (5.63) | |||||||
Total from investment operations | 0.66 | 0.73 | (0.86) | 5.01 | 4.76 | (5.46) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | — | (0.29) | (0.33) | (0.37) | (0.06) | (0.29) | |||||||
Total dividends and distributions | — | (0.29) | (0.33) | (0.37) | (0.06) | (0.29) | |||||||
Net asset value, end of period | $17.29 | $16.63 | $16.19 | $17.38 | $12.74 | $8.04 | |||||||
Total return3 | 3.97%4 | 4.60% | (4.95%)4 | 40.08% | 59.33% | (40.40%) | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $10,155 | $10,505 | $12,632 | $14,348 | $115 | $85 | |||||||
Ratio of expenses to average net assets6 | 1.38% | 1.20% | 1.35% | 1.42% | 1.42% | 1.42% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.51% | 1.20% | 1.38% | 1.42% | 1.42% | 1.42% | |||||||
Ratio of net investment income to average net assets | 1.18% | 2.54% | 2.27% | 1.97% | 1.23% | 1.39% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.05% | 2.54% | 2.24% | 1.97% | 1.23% | 1.39% | |||||||
Portfolio turnover | 16% | 37% | 48% | 116% | 52% | 44% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $53.07 | $42.38 | $63.48 | $92.04 | $59.85 | $65.00 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.16) | (0.23) | (0.24) | (0.66) | (0.55) | (0.38) | |||||||
Net realized and unrealized gain (loss) | 6.233 | 16.253 | (8.49) | 2.73 | 40.68 | 3.45 | |||||||
Total from investment operations | 6.07 | 16.02 | (8.73) | 2.07 | 40.13 | 3.07 | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (5.33) | (12.37) | (30.63) | (7.94) | (8.22) | |||||||
Total dividends and distributions | — | (5.33) | (12.37) | (30.63) | (7.94) | (8.22) | |||||||
Net asset value, end of period | $59.14 | $53.07 | $42.38 | $63.48 | $92.04 | $59.85 | |||||||
Total return4 | 11.44%3 | 40.88%3 | (12.32%) | (0.21%) | 67.65% | 2.98% | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $3,837,829 | $3,743,633 | $3,186,208 | $4,958,005 | $5,6965 | $3,6265 | |||||||
Ratio of expenses to average net assets6 | 1.18% | 1.16% | 1.21% | 1.13% | 1.14% | 1.18% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.18% | 1.16% | 1.21% | 1.13% | 1.14% | 1.18% | |||||||
Ratio of net investment loss to average net assets | (0.60%) | (0.50%) | (0.51%) | (0.76%) | (0.66%) | (0.54%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.60%) | (0.50%) | (0.51%) | (0.76%) | (0.66%) | (0.54%) | |||||||
Portfolio turnover | 21% | 29% | 51% | 53% | 9% | 23% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.04 and $0.04 and total return by 0.08% and 0.09% for the six months ended September 30, 2024 and the year ended March 31, 2024, respectively. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $28.00 | $24.76 | $43.75 | $72.44 | $48.52 | $54.26 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.20) | (0.32) | (0.46) | (1.04) | (0.95) | (0.76) | |||||||
Net realized and unrealized gain (loss) | 3.293 | 8.893 | (6.16) | 2.62 | 32.81 | 3.07 | |||||||
Total from investment operations | 3.09 | 8.57 | (6.62) | 1.58 | 31.86 | 2.31 | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (5.33) | (12.37) | (30.27) | (7.94) | (8.05) | |||||||
Total dividends and distributions | — | (5.33) | (12.37) | (30.27) | (7.94) | (8.05) | |||||||
Net asset value, end of period | $31.09 | $28.00 | $24.76 | $43.75 | $72.44 | $48.52 | |||||||
Total return4 | 11.04%3 | 39.82%3 | (13.14%) | (1.00%) | 66.37% | 2.17% | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $82,771 | $88,952 | $109,544 | $237,610 | $4135 | $4075 | |||||||
Ratio of expenses to average net assets6 | 1.93% | 1.91% | 2.14% | 1.92% | 1.92% | 1.95% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.93% | 1.91% | 2.14% | 1.92% | 1.92% | 1.95% | |||||||
Ratio of net investment loss to average net assets | (1.35%) | (1.25%) | (1.45%) | (1.56%) | (1.45%) | (1.31%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (1.35%) | (1.25%) | (1.45%) | (1.56%) | (1.45%) | (1.31%) | |||||||
Portfolio turnover | 21% | 29% | 51% | 53% | 9% | 23% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.02 and $0.02 and total return by 0.07% and 0.08% for the six months ended September 30, 2024 and the year ended March 31, 2024, respectively. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $69.75 | $54.09 | $76.68 | $105.32 | $67.65 | $72.51 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.13) | (0.15) | (0.17) | (0.60) | (0.45) | (0.27) | |||||||
Net realized and unrealized gain (loss) | 8.213 | 21.143 | (10.05) | 2.83 | 46.06 | 3.71 | |||||||
Total from investment operations | 8.08 | 20.99 | (10.22) | 2.23 | 45.61 | 3.44 | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (5.33) | (12.37) | (30.87) | (7.94) | (8.30) | |||||||
Total dividends and distributions | — | (5.33) | (12.37) | (30.87) | (7.94) | (8.30) | |||||||
Net asset value, end of period | $77.83 | $69.75 | $54.09 | $76.68 | $105.32 | $67.65 | |||||||
Total return4 | 11.59%3 | 41.23%3 | (12.14%) | (0.04%) | 67.96% | 3.17% | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $1,465,367 | $1,403,120 | $1,281,422 | $2,354,813 | $2,8785 | $1,9385 | |||||||
Ratio of expenses to average net assets6 | 0.93% | 0.91% | 0.99% | 0.96% | 0.96% | 0.98% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 0.93% | 0.91% | 0.99% | 0.96% | 0.96% | 0.98% | |||||||
Ratio of net investment loss to average net assets | (0.35%) | (0.25%) | (0.29%) | (0.59%) | (0.48%) | (0.34%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.35%) | (0.25%) | (0.29%) | (0.59%) | (0.48%) | (0.34%) | |||||||
Portfolio turnover | 21% | 29% | 51% | 53% | 9% | 23% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.06 and $0.05 and total return by 0.09% and 0.09% for the six months ended September 30, 2024 and the year ended March 31, 2024, respectively. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $47.42 | $38.46 | $59.21 | $87.86 | $57.58 | $62.89 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.21) | (0.31) | (0.38) | (0.97) | (0.85) | (0.63) | |||||||
Net realized and unrealized gain (loss) | 5.573 | 14.603 | (8.00) | 2.69 | 39.07 | 3.37 | |||||||
Total from investment operations | 5.36 | 14.29 | (8.38) | 1.72 | 38.22 | 2.74 | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (5.33) | (12.37) | (30.37) | (7.94) | (8.05) | |||||||
Total dividends and distributions | — | (5.33) | (12.37) | (30.37) | (7.94) | (8.05) | |||||||
Net asset value, end of period | $52.78 | $47.42 | $38.46 | $59.21 | $87.86 | $57.58 | |||||||
Total return4 | 11.30%3 | 40.53%3 | (12.65%) | (0.63%) | 66.99% | 2.57% | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $109,532 | $109,957 | $94,005 | $120,945 | $1515 | $1105 | |||||||
Ratio of expenses to average net assets6 | 1.43% | 1.41% | 1.57% | 1.55% | 1.55% | 1.57% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.43% | 1.41% | 1.57% | 1.55% | 1.55% | 1.57% | |||||||
Ratio of net investment loss to average net assets | (0.85%) | (0.75%) | (0.86%) | (1.18%) | (1.08%) | (0.93%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.85%) | (0.75%) | (0.86%) | (1.18%) | (1.08%) | (0.93%) | |||||||
Portfolio turnover | 21% | 29% | 51% | 53% | 9% | 23% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.04 and $0.04 and total return by 0.08% and 0.10% for the six months ended September 30, 2024 and the year ended March 31, 2024, respectively. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $71.23 | $55.11 | $77.75 | $106.48 | $68.24 | $73.03 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.10) | (0.11) | (0.09) | (0.45) | (0.32) | (0.15) | |||||||
Net realized and unrealized gain (loss) | 8.393 | 21.563 | (10.18) | 2.84 | 46.50 | 3.75 | |||||||
Total from investment operations | 8.29 | 21.45 | (10.27) | 2.39 | 46.18 | 3.60 | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (5.33) | (12.37) | (31.12) | (7.94) | (8.39) | |||||||
Total dividends and distributions | — | (5.33) | (12.37) | (31.12) | (7.94) | (8.39) | |||||||
Net asset value, end of period | $79.52 | $71.23 | $55.11 | $77.75 | $106.48 | $68.24 | |||||||
Total return4 | 11.64%3 | 41.31%3 | (12.02%) | 0.10% | 68.22% | 3.34% | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $170,985 | $155,573 | $108,424 | $173,276 | $1925 | $965 | |||||||
Ratio of expenses to average net assets6 | 0.85% | 0.84% | 0.86% | 0.81% | 0.81% | 0.83% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 0.85% | 0.84% | 0.86% | 0.81% | 0.81% | 0.83% | |||||||
Ratio of net investment loss to average net assets | (0.27%) | (0.18%) | (0.15%) | (0.44%) | (0.33%) | (0.20%) | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | (0.27%) | (0.18%) | (0.15%) | (0.44%) | (0.33%) | (0.20%) | |||||||
Portfolio turnover | 21% | 29% | 51% | 53% | 9% | 23% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.06 and $0.05 and total return by 0.08% and 0.09% for the six months ended September 30, 2024 and the year ended March 31, 2024, respectively. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $61.62 | $48.45 | $70.42 | $98.99 | $64.00 | $69.01 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment loss2 | (0.19) | (0.26) | (0.28) | (0.74) | (0.58) | (0.40) | |||||||
Net realized and unrealized gain (loss) | 7.243 | 18.763 | (9.32) | 2.79 | 43.51 | 3.60 | |||||||
Total from investment operations | 7.05 | 18.50 | (9.60) | 2.05 | 42.93 | 3.20 | |||||||
Less dividends and distributions from: | |||||||||||||
Net realized gain | — | (5.33) | (12.37) | (30.62) | (7.94) | (8.21) | |||||||
Total dividends and distributions | — | (5.33) | (12.37) | (30.62) | (7.94) | (8.21) | |||||||
Net asset value, end of period | $68.67 | $61.62 | $48.45 | $70.42 | $98.99 | $64.00 | |||||||
Total return4 | 11.44%3 | 40.88%3 | (12.34%) | (0.22%)5 | 67.64%5 | 2.98%5 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $298,491 | $284,479 | $229,962 | $351,136 | $4556 | $3406 | |||||||
Ratio of expenses to average net assets7 | 1.18% | 1.16% | 1.23% | 1.14% | 1.14% | 1.18% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.18% | 1.16% | 1.23% | 1.20% | 1.20% | 1.22% | |||||||
Ratio of net investment loss to average net assets | (0.60%) | (0.50%) | (0.53%) | (0.78%) | (0.66%) | (0.54%) | |||||||
Ratio of net investment loss to average net assets prior to fees waived | (0.60%) | (0.50%) | (0.53%) | (0.84%) | (0.72%) | (0.58%) | |||||||
Portfolio turnover | 21% | 29% | 51% | 53% | 9% | 23% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Amount includes non-recurring payment for litigation proceeds, which represents class action settlement received by the Fund. The litigation proceeds impact the realized and unrealized gain (loss) per share by $0.05 and $0.05 and total return by 0.08% and 0.10% for the six months ended September 30, 2024 and the year ended March 31, 2024, respectively. |
4 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
5 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
6 | Net assets reported in millions. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $15.74 | $16.43 | $27.72 | $24.82 | $18.83 | $24.45 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.13 | 0.26 | 0.30 | 0.21 | 0.17 | 0.30 | |||||||
Net realized and unrealized gain (loss) | 1.96 | 0.79 | (5.87) | 6.44 | 6.22 | (3.61) | |||||||
Total from investment operations | 2.09 | 1.05 | (5.57) | 6.65 | 6.39 | (3.31) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.17) | (0.55) | (0.40) | (0.14) | (0.25) | (0.32) | |||||||
Net realized gain | — | (1.19) | (5.32) | (3.61) | (0.15) | (1.99) | |||||||
Total dividends and distributions | (0.17) | (1.74) | (5.72) | (3.75) | (0.40) | (2.31) | |||||||
Net asset value, end of period | $17.66 | $15.74 | $16.43 | $27.72 | $24.82 | $18.83 | |||||||
Total return3 | 13.38%4 | 6.55%4 | (20.26%)4 | 26.90% | 34.24%4 | (15.35%)4 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $70,028 | $70,391 | $86,795 | $143,562 | $1305 | $1225 | |||||||
Ratio of expenses to average net assets6 | 1.20% | 1.20% | 1.29% | 1.38% | 1.45% | 1.43% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.66% | 1.39% | 1.57% | 1.38% | 1.55% | 1.53% | |||||||
Ratio of net investment income to average net assets | 1.62% | 1.62% | 1.39% | 0.74% | 0.79% | 1.21% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.16% | 1.43% | 1.11% | 0.74% | 0.69% | 1.11% | |||||||
Portfolio turnover | 22% | 36% | 57% | 43% | 76% | 59% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $14.86 | $15.60 | $26.73 | $24.11 | $18.32 | $23.86 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income (loss)2 | 0.06 | 0.13 | 0.10 | (0.07) | 0.06 | 0.12 | |||||||
Net realized and unrealized gain (loss) | 1.85 | 0.76 | (5.66) | 6.27 | 5.96 | (3.52) | |||||||
Total from investment operations | 1.91 | 0.89 | (5.56) | 6.20 | 6.02 | (3.40) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.11) | (0.44) | (0.25) | — | (0.08) | (0.15) | |||||||
Net realized gain | — | (1.19) | (5.32) | (3.58) | (0.15) | (1.99) | |||||||
Total dividends and distributions | (0.11) | (1.63) | (5.57) | (3.58) | (0.23) | (2.14) | |||||||
Net asset value, end of period | $16.66 | $14.86 | $15.60 | $26.73 | $24.11 | $18.32 | |||||||
Total return3 | 12.95%4 | 5.79%4 | (21.00%)4 | 25.74% | 33.03%4 | (15.99%)4 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $468 | $577 | $815 | $1,707 | $25 | $35 | |||||||
Ratio of expenses to average net assets6 | 1.95% | 1.95% | 2.19% | 2.33% | 2.33% | 2.25% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 2.41% | 2.14% | 2.76% | 2.33% | 2.43% | 2.35% | |||||||
Ratio of net investment income (loss) to average net assets | 0.87% | 0.83% | 0.49% | (0.24%) | 0.27% | 0.50% | |||||||
Ratio of net investment income (loss) to average net assets prior to fees waived | 0.41% | 0.64% | (0.08%) | (0.24%) | 0.17% | 0.40% | |||||||
Portfolio turnover | 22% | 36% | 57% | 43% | 76% | 59% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value and does not reflect the impact of a sales charge. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $16.04 | $16.70 | $28.05 | $25.05 | $18.99 | $24.63 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.15 | 0.32 | 0.38 | 0.29 | 0.25 | 0.38 | |||||||
Net realized and unrealized gain (loss) | 2.00 | 0.79 | (5.97) | 6.52 | 6.27 | (3.62) | |||||||
Total from investment operations | 2.15 | 1.11 | (5.59) | 6.81 | 6.52 | (3.24) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.19) | (0.58) | (0.44) | (0.20) | (0.31) | (0.41) | |||||||
Net realized gain | — | (1.19) | (5.32) | (3.61) | (0.15) | (1.99) | |||||||
Total dividends and distributions | (0.19) | (1.77) | (5.76) | (3.81) | (0.46) | (2.40) | |||||||
Net asset value, end of period | $18.00 | $16.04 | $16.70 | $28.05 | $25.05 | $18.99 | |||||||
Total return3 | 13.50%4 | 6.84%4 | (20.07%)4 | 27.32% | 34.68%4 | (15.01%)4 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $36,579 | $40,263 | $64,516 | $133,161 | $1275 | $1215 | |||||||
Ratio of expenses to average net assets6 | 0.95% | 0.95% | 1.00% | 1.09% | 1.08% | 1.08% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.41% | 1.14% | 1.09% | 1.09% | 1.18% | 1.18% | |||||||
Ratio of net investment income to average net assets | 1.87% | 1.94% | 1.74% | 1.01% | 1.15% | 1.54% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.41% | 1.75% | 1.65% | 1.01% | 1.05% | 1.44% | |||||||
Portfolio turnover | 22% | 36% | 57% | 43% | 76% | 59% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $15.67 | $16.36 | $27.66 | $24.78 | $18.81 | $24.42 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.11 | 0.19 | 0.20 | 0.12 | 0.13 | 0.27 | |||||||
Net realized and unrealized gain (loss) | 1.94 | 0.82 | (5.82) | 6.44 | 6.20 | (3.62) | |||||||
Total from investment operations | 2.05 | 1.01 | (5.62) | 6.56 | 6.33 | (3.35) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.15) | (0.51) | (0.36) | (0.07) | (0.21) | (0.27) | |||||||
Net realized gain | — | (1.19) | (5.32) | (3.61) | (0.15) | (1.99) | |||||||
Total dividends and distributions | (0.15) | (1.70) | (5.68) | (3.68) | (0.36) | (2.26) | |||||||
Net asset value, end of period | $17.57 | $15.67 | $16.36 | $27.66 | $24.78 | $18.81 | |||||||
Total return3 | 13.21%4 | 6.33%4 | (20.50%)4 | 26.55% | 33.88%4 | (15.51%)4 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $574 | $477 | $497 | $555 | $—5,6 | $—5,6 | |||||||
Ratio of expenses to average net assets7 | 1.45% | 1.45% | 1.54% | 1.69% | 1.67% | 1.69% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.91% | 1.64% | 1.65% | 1.69% | 1.77% | 1.79% | |||||||
Ratio of net investment income to average net assets | 1.37% | 1.22% | 0.93% | 0.42% | 0.61% | 1.07% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 0.91% | 1.03% | 0.82% | 0.42% | 0.51% | 0.97% | |||||||
Portfolio turnover | 22% | 36% | 57% | 43% | 76% | 59% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Rounds to less than $500 thousands. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $16.07 | $16.74 | $28.10 | $25.09 | $19.02 | $24.66 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.16 | 0.31 | 0.28 | 0.36 | 0.28 | 0.43 | |||||||
Net realized and unrealized gain (loss) | 2.00 | 0.82 | (5.86) | 6.50 | 6.28 | (3.64) | |||||||
Total from investment operations | 2.16 | 1.13 | (5.58) | 6.86 | 6.56 | (3.21) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.20) | (0.61) | (0.46) | (0.24) | (0.34) | (0.44) | |||||||
Net realized gain | — | (1.19) | (5.32) | (3.61) | (0.15) | (1.99) | |||||||
Total dividends and distributions | (0.20) | (1.80) | (5.78) | (3.85) | (0.49) | (2.43) | |||||||
Net asset value, end of period | $18.03 | $16.07 | $16.74 | $28.10 | $25.09 | $19.02 | |||||||
Total return3 | 13.58%4 | 6.94%4 | (19.99%)4 | 27.48% | 34.84%4 | (14.86%)4 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $3,763 | $1,938 | $1,973 | $1,112 | $15 | $—5,6 | |||||||
Ratio of expenses to average net assets7 | 0.80% | 0.85% | 0.99% | 0.93% | 0.94% | 0.94% | |||||||
Ratio of expenses to average net assets prior to fees waived7 | 1.24% | 1.09% | 1.06% | 0.93% | 1.04% | 1.04% | |||||||
Ratio of net investment income to average net assets | 2.02% | 1.90% | 1.38% | 1.26% | 1.26% | 1.70% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.58% | 1.66% | 1.31% | 1.26% | 1.16% | 1.60% | |||||||
Portfolio turnover | 22% | 36% | 57% | 43% | 76% | 59% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager. Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Rounds to less than $500 thousands. |
7 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Six months ended 9/30/241 (Unaudited) |
Year ended | ||||||||||||
3/31/24 | 3/31/23 | 3/31/22 | 3/31/21 | 3/31/20 | |||||||||
Net asset value, beginning of period | $15.93 | $16.60 | $27.79 | $24.87 | $18.86 | $24.48 | |||||||
Income (loss) from investment operations: | |||||||||||||
Net investment income2 | 0.13 | 0.25 | 0.43 | 0.23 | 0.21 | 0.33 | |||||||
Net realized and unrealized gain (loss) | 1.98 | 0.81 | (6.02) | 6.45 | 6.23 | (3.60) | |||||||
Total from investment operations | 2.11 | 1.06 | (5.59) | 6.68 | 6.44 | (3.27) | |||||||
Less dividends and distributions from: | |||||||||||||
Net investment income | (0.17) | (0.54) | (0.28) | (0.15) | (0.28) | (0.36) | |||||||
Net realized gain | — | (1.19) | (5.32) | (3.61) | (0.15) | (1.99) | |||||||
Total dividends and distributions | (0.17) | (1.73) | (5.60) | (3.76) | (0.43) | (2.35) | |||||||
Net asset value, end of period | $17.87 | $15.93 | $16.60 | $27.79 | $24.87 | $18.86 | |||||||
Total return3 | 13.35%4 | 6.57%4 | (20.27%)4 | 26.98% | 34.45%4 | (15.21%)4 | |||||||
Ratios and supplemental data: | |||||||||||||
Net assets, end of period (000 omitted) | $3,276 | $2,969 | $3,481 | $90,376 | $705 | $635 | |||||||
Ratio of expenses to average net assets6 | 1.20% | 1.20% | 1.25% | 1.31% | 1.30% | 1.29% | |||||||
Ratio of expenses to average net assets prior to fees waived6 | 1.66% | 1.39% | 1.29% | 1.31% | 1.40% | 1.39% | |||||||
Ratio of net investment income to average net assets | 1.62% | 1.52% | 1.79% | 0.82% | 0.95% | 1.35% | |||||||
Ratio of net investment income to average net assets prior to fees waived | 1.16% | 1.33% | 1.75% | 0.82% | 0.85% | 1.25% | |||||||
Portfolio turnover | 22% | 36% | 57% | 43% | 76% | 59% |
1 | Ratios have been annualized and total return and portfolio turnover have not been annualized. |
2 | Calculated using average shares outstanding. |
3 | Total return is based on the change in net asset value of a share during the period and assumes reinvestment of dividends and distributions at net asset value. |
4 | Total return during the period presented reflects waivers by the manager and/or distributor (as applicable). Performance would have been lower had the waivers not been in effect. |
5 | Net assets reported in millions. |
6 | Expense ratios do not include expenses of any investment companies in which the Fund invests. |
Tax Expense/(Benefit) | Current | Deferred | Total | ||
Federal | $ — | $(128,569,379) | $(128,569,379) | ||
State | — | (17,884,500) | (17,884,500) | ||
Valuation allowance | — | (146,453,879) | (146,453,879) | ||
Total Tax Expense/(Benefit) | $ — | $ — | $ — |
Deferred Tax Assets/(Liabilities) |
|
Basis in partnerships | $62,121,781 |
Net operating loss | 98,951,823 |
Other | 1,045 |
Total net deferred tax asset/(liability) before valuation allowance | 161,074,649 |
Less: valuation allowance | (161,074,649) |
Net deferred tax asset/(liability) | $— |
Pre-tax income/(loss) at the statutory rate | $(128,569,379) |
Adjustment to prior year deferred taxes | — |
State income tax expense, net of federal benefit | (17,884,500) |
Less: valuation allowance | 146,453,879 |
Total income tax expense/(benefit) | $— |
Fund | Custody Credits | |
Delaware Climate Solutions Fund | $— | |
Delaware Ivy Asset Strategy Fund | 12,390 | |
Delaware Ivy Balanced Fund | 7,328 | |
Delaware Ivy Natural Resources Fund | — | |
Delaware Ivy Science and Technology Fund | 15,445 | |
Delaware Real Estate Securities Fund | — |
Fund | Earnings Credits | |
Delaware Climate Solutions Fund | $383 | |
Delaware Ivy Asset Strategy Fund | 2,070 | |
Delaware Ivy Balanced Fund | 1,359 | |
Delaware Ivy Natural Resources Fund | 587 | |
Delaware Ivy Science and Technology Fund | 3,276 | |
Delaware Real Estate Securities Fund | 333 |
Fund | Management Fee (annual rate as a percentage of average daily net assets) | |
Delaware Climate Solutions Fund | 0.85% of net assets up to $1 billion; | |
0.83% of net assets over $1 billion and up to $2 billion; | ||
0.80% of net assets over $2 billion and up to $3 billion; | ||
0.76% of net assets over $3 billion and up to $5 billion; | ||
0.75% of net assets over $5 billion and up to $10 billion; | ||
0.74% of net assets over $10 billion. | ||
Delaware Ivy Asset Strategy Fund | 0.70% of net assets up to $1 billion; | |
0.65% of net assets over $1 billion and up to $2 billion; | ||
0.60% of net assets over $2 billion and up to $3 billion; | ||
0.55% of net assets over $3 billion and up to $28 billion; | ||
0.545% of net assets over $28 billion and up to $53 billion; | ||
0.54% of net assets over $53 billion. | ||
Delaware Ivy Balanced Fund | 0.70% of net assets up to $1 billion; | |
0.65% of net assets over $1 billion and up to $2 billion; | ||
0.60% of net assets over $2 billion and up to $3 billion; | ||
0.55% of net assets over $3 billion and up to $5 billion; | ||
0.54% of net assets over $5 billion and up to $10 billion; | ||
0.53% of net assets over $10 billion. | ||
Delaware Ivy Natural Resources Fund | 0.85% of net assets up to $1 billion; | |
0.83% of net assets over $1 billion and up to $2 billion; | ||
0.80% of net assets over $2 billion and up to $3 billion; | ||
0.76% of net assets over $3 billion and up to $5 billion; | ||
0.73% of net assets over $5 billion and up to $10 billion; | ||
0.70% of net assets over $10 billion. | ||
Delaware Ivy Science and Technology Fund | 0.85% of net assets up to $1 billion; | |
0.83% of net assets over $1 billion and up to $2 billion; | ||
0.80% of net assets over $2 billion and up to $3 billion; | ||
0.76% of net assets over $3 billion and up to $8 billion; | ||
0.755% of net assets over $8 billion and up to $13 billion; | ||
0.75% of net assets over $13 billion. | ||
Delaware Real Estate Securities Fund | 0.90% of net assets up to $1 billion; | |
0.87% of net assets over $1 billion and up to $2 billion; | ||
0.84% of net assets over $2 billion and up to $3 billion; | ||
0.80% of net assets over $3 billion and up to $5 billion; | ||
0.76% of net assets over $5 billion and up to $10 billion; | ||
0.72% of net assets over $10 billion. | ||
Fund | Operating expense limitation as a percentage of average daily net assets for all share classes other than Class R6 |
Operating expense limitation as a percentage of average daily net assets for Class R6 | ||
Delaware Climate Solutions Fund | 0.99% | 0.82%1 | ||
Delaware Ivy Asset Strategy Fund | n/a | n/a | ||
Delaware Ivy Balanced Fund | 0.80% | 0.71% | ||
Delaware Ivy Natural Resources Fund | n/a2 | n/a2 | ||
Delaware Ivy Science and Technology Fund | n/a | n/a | ||
Delaware Real Estate Securities Fund | 0.95% | 0.80% |
Operating expense limitation as a percentage of average daily net assets | ||||||||||||
Fund | Class A | Class C | Class I | Class R | Class R6 | Class Y | ||||||
Delaware Climate Solutions Fund | 1.24% | 1.99% | 0.99% | 1.49% | 0.82%1 | 1.24% | ||||||
Delaware Ivy Asset Strategy Fund | n/a | n/a | n/a | n/a | n/a | n/a | ||||||
Delaware Ivy Balanced Fund | 1.05% | 1.80% | 0.80% | 1.30% | 0.71% | 1.05% | ||||||
Delaware Ivy Natural Resources Fund | n/a2 | n/a2 | n/a2 | n/a2 | n/a2 | n/a2 | ||||||
Delaware Ivy Science and Technology Fund | n/a | n/a | n/a | n/a | n/a | n/a | ||||||
Delaware Real Estate Securities Fund | 1.20% | 1.95% | 0.95% | 1.45% | 0.80% | 1.20% |
Fund | Fees | |
Delaware Climate Solutions Fund | $5,123 | |
Delaware Ivy Asset Strategy Fund | 43,308 | |
Delaware Ivy Balanced Fund | 36,997 | |
Delaware Ivy Natural Resources Fund | 6,474 | |
Delaware Ivy Science and Technology Fund | 132,953 | |
Delaware Real Estate Securities Fund | 4,479 |
Fund | Fees | |
Delaware Climate Solutions Fund | $4,468 | |
Delaware Ivy Asset Strategy Fund | 59,169 | |
Delaware Ivy Balanced Fund | 50,127 | |
Delaware Ivy Natural Resources Fund | 6,404 | |
Delaware Ivy Science and Technology Fund | 187,564 | |
Delaware Real Estate Securities Fund | 3,544 |
Fund | Fees | |
Delaware Climate Solutions Fund | $1,897 | |
Delaware Ivy Asset Strategy Fund | 28,230 | |
Delaware Ivy Balanced Fund | 20,877 | |
Delaware Ivy Natural Resources Fund | 2,688 | |
Delaware Ivy Science and Technology Fund | 77,745 | |
Delaware Real Estate Securities Fund | 237 |
Fund | Class A | |
Delaware Climate Solutions Fund | $1,839 | |
Delaware Ivy Asset Strategy Fund | 21,883 | |
Delaware Ivy Balanced Fund | 43,435 | |
Delaware Ivy Natural Resources Fund | 2,961 | |
Delaware Ivy Science and Technology Fund | 113,519 | |
Delaware Real Estate Securities Fund | 1,902 |
Fund | Class A | Class C | ||
Delaware Climate Solutions Fund | $760 | $6 | ||
Delaware Ivy Asset Strategy Fund | 671 | 1,228 | ||
Delaware Ivy Balanced Fund | 893 | 1,166 | ||
Delaware Ivy Natural Resources Fund | 134 | 8 | ||
Delaware Ivy Science and Technology Fund | 5,281 | 2,917 | ||
Delaware Real Estate Securities Fund | 116 | 59 |
Value, beginning of period |
Gross additions |
Gross reductions(1) |
Net realized gain (loss) on affiliated investments |
Net change in unrealized appreciation (depreciation) on affiliated investments |
Value, end of period |
Shares | Dividend Income | ||||||||
Delaware Ivy Asset Strategy Fund | |||||||||||||||
Common Stocks—0.08% | |||||||||||||||
Media Group Holdings Series H | |||||||||||||||
$554,181 | $— | $(407,951) | $— | $1,323,837 | $1,470,067 | 640,301 | $— | ||||||||
Media Group Holdings Series T | |||||||||||||||
— | — | — | — | — | — | 80,253 | — | ||||||||
Total | $554,181 | $— | $(407,951) | $— | $1,323,837 | $1,470,067 | $— |
1 | The amount shown includes return of capital. |
Fund | Purchases other than US government securities |
Purchases of US government securities |
Sales other than US government securities |
Sales of US government securities | ||||
Delaware Climate Solutions Fund | $5,103,317 | $— | $31,148,075 | $— | ||||
Delaware Ivy Asset Strategy Fund | 315,807,131 | 111,998,842 | 428,185,214 | 128,266,816 | ||||
Delaware Ivy Balanced Fund | 227,946,004 | 339,551,638 | 328,885,923 | 416,511,068 | ||||
Delaware Ivy Natural Resources Fund | 32,330,148 | — | 53,331,360 | — | ||||
Delaware Ivy Science and Technology Fund | 1,228,392,785 | — | 1,685,420,958 | — | ||||
Delaware Real Estate Securities Fund | 24,587,555 | — | 38,405,965 | — |
Fund | Cost of investments and derivatives |
Aggregate unrealized appreciation of investments and derivatives |
Aggregate unrealized depreciation of investments and derivatives |
Net unrealized appreciation (depreciation) of investments and derivatives | ||||
Delaware Climate Solutions Fund | $122,070,634 | $23,076,643 | $(12,853,769) | $10,222,874 | ||||
Delaware Ivy Asset Strategy Fund | 1,979,556,477 | 858,022,086 | (989,547,114) | (131,525,028) | ||||
Delaware Ivy Balanced Fund | 1,179,623,270 | 414,723,834 | (18,675,837) | 396,047,997 | ||||
Delaware Ivy Natural Resources Fund | 202,201,366 | 37,662,335 | (48,769,221) | (11,106,886) | ||||
Delaware Ivy Science and Technology Fund | 3,318,359,533 | 2,669,433,767 | (15,763,095) | 2,653,670,672 | ||||
Delaware Real Estate Securities Fund | 65,123,890 | 50,166,311 | (741,020) | 49,425,291 |
Loss carryforward character | |||||
Short-term | Long-term | Total | |||
Delaware Climate Solutions Fund | $ 55,996,216 | $102,881,878 | $ 158,878,094 | ||
Delaware Ivy Balanced Fund | 114,128,499 | 2,069,749 | 116,198,248 | ||
Delaware Ivy Natural Resources Fund | 274,360,750 | 320,420,100 | 594,780,850 |
Delaware Climate Solutions Fund | |
Level 1 | |
Securities | |
Assets: | |
Common Stocks | $131,509,267 |
Short-Term Investments | 784,241 |
Total Value of Securities | $132,293,508 |
Delaware Ivy Asset Strategy Fund | ||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||
Securities | ||||||||||
Assets: | ||||||||||
Agency Collateralized Mortgage Obligations | $— | $482,599 | $5,166,763 | $5,649,362 | ||||||
Agency Mortgage-Backed Securities | — | 80,374,867 | — | 80,374,867 | ||||||
Bullion | 86,416,486 | — | — | 86,416,486 | ||||||
Collateralized Debt Obligations | — | 2,747,286 | — | 2,747,286 | ||||||
Common Stocks | ||||||||||
Communication Services | 125,841,746 | — | 1,967,901 | 127,809,647 | ||||||
Consumer Discretionary | 122,660,285 | — | 1,470,0671 | 124,130,352 | ||||||
Consumer Staples | 77,803,147 | — | — | 77,803,147 | ||||||
Energy | 19,855,503 | — | — | 19,855,503 | ||||||
Financials | 199,153,056 | — | — | 199,153,056 | ||||||
Healthcare | 158,759,631 | — | — | 158,759,631 | ||||||
Industrials | 156,692,502 | — | — | 156,692,502 | ||||||
Information Technology | 314,216,264 | — | — | 314,216,264 | ||||||
Materials | 32,567,404 | — | — | 32,567,404 | ||||||
Utilities | 20,328,017 | — | — | 20,328,017 | ||||||
Convertible Bond | — | — | 5,936,085 | 5,936,085 | ||||||
Corporate Bonds | — | 266,028,111 | — | 266,028,111 | ||||||
Exchange-Traded Funds | 27,690,480 | — | — | 27,690,480 | ||||||
Government Agency Obligation | — | 2,328,223 | — | 2,328,223 | ||||||
Loan Agreements | — | 29,001,289 | — | 29,001,289 | ||||||
Municipal Bond | — | 977,043 | — | 977,043 | ||||||
Non-Agency Asset-Backed Securities | — | 817,324 | — | 817,324 | ||||||
Non-Agency Collateralized Mortgage Obligations | — | 8,243,835 | — | 8,243,835 | ||||||
Non-Agency Commercial Mortgage-Backed Securities | — | 20,192,189 | — | 20,192,189 | ||||||
Preferred Stock | 7,566,766 | — | — | 7,566,766 | ||||||
US Treasury Obligations | — | 13,843,484 | — | 13,843,484 |
Delaware Ivy Asset Strategy Fund | |||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||
Short-Term Investments | $58,894,376 | $— | $— | $58,894,376 | |||||||
Total Value of Securities | $1,408,445,663 | $425,036,250 | $14,540,816 | $1,848,022,729 | |||||||
Derivatives2 | |||||||||||
Assets: | |||||||||||
Futures Contracts | $72,150 | $— | $— | $72,150 | |||||||
Liabilities: | |||||||||||
Centrally Cleared Credit Default Swap Contracts | $— | $(10,416) | $— | $(10,416) | |||||||
Futures Contracts | (53,014) | — | — | (53,014) |
1The security that has been valued at zero on the “Consolidated schedules of investments” is considered to be a Level 3 investment in this table. |
Delaware Ivy Balanced Fund | |||||||||||
Level 1 | Level 2 | Total | |||||||||
Securities | |||||||||||
Assets: | |||||||||||
Agency Collateralized Mortgage Obligations | $— | $14,266,840 | $14,266,840 | ||||||||
Agency Mortgage-Backed Securities | — | 153,019,116 | 153,019,116 | ||||||||
Common Stocks | 947,983,618 | — | 947,983,618 | ||||||||
Corporate Bonds | — | 171,380,081 | 171,380,081 | ||||||||
Exchange-Traded Fund | 44,542,208 | — | 44,542,208 | ||||||||
Loan Agreements | — | 6,014,127 | 6,014,127 | ||||||||
Non-Agency Asset-Backed Securities | — | 17,856,186 | 17,856,186 | ||||||||
Non-Agency Collateralized Mortgage Obligations | — | 8,639,064 | 8,639,064 | ||||||||
Non-Agency Commercial Mortgage-Backed Securities | — | 46,566,352 | 46,566,352 | ||||||||
US Treasury Obligations | — | 97,912,465 | 97,912,465 | ||||||||
Short-Term Investments | 67,595,664 | — | 67,595,664 | ||||||||
Total Value of Securities | $1,060,121,490 | $515,654,231 | $1,575,775,721 | ||||||||
Derivatives1 | |||||||||||
Assets: | |||||||||||
Futures Contracts | $28,657 | $— | $28,657 | ||||||||
Liabilities: | |||||||||||
Futures Contracts | $(133,111) | $— | $(133,111) |
1Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument at the period end. |
Delaware Ivy Natural Resources Fund | ||||||||
Level 1 | Level 3 | Total | ||||||
Securities | ||||||||
Assets: | ||||||||
Closed-Ended Trust | $4,771,210 | $— | $4,771,210 | |||||
Common Stocks | ||||||||
Aluminum | 6,910,141 | — | 6,910,141 | |||||
Construction & Engineering | 4,288,743 | — | 4,288,743 | |||||
Construction Materials | 8,878,509 | — | 8,878,509 | |||||
Copper | 6,141,888 | — | 6,141,888 | |||||
Diversified Metals & Mining | 22,370,622 | —1 | 22,370,622 | |||||
Electrical Components & Equipment | 2,585,452 | — | 2,585,452 | |||||
Fertilizers & Agricultural Chemicals | 16,351,039 | — | 16,351,039 | |||||
Forest Products | 7,510,991 | — | 7,510,991 | |||||
Gold | 28,785,582 | — | 28,785,582 | |||||
Heavy Electrical Equipment | 746,313 | — | 746,313 | |||||
Industrial Gases | 2,368,819 | — | 2,368,819 | |||||
Integrated Oil & Gas | 14,217,378 | — | 14,217,378 | |||||
Oil & Gas Drilling | 3,428,625 | — | 3,428,625 | |||||
Oil & Gas Equipment & Services | 7,638,088 | — | 7,638,088 | |||||
Oil & Gas Exploration & Production | 29,599,607 | — | 29,599,607 | |||||
Oil & Gas Refining & Marketing | 2,182,490 | — | 2,182,490 | |||||
Packaged Foods & Meats | 3,572,684 | — | 3,572,684 | |||||
Paper Packaging | 3,662,285 | — | 3,662,285 | |||||
Paper Products | 3,981,122 | — | 3,981,122 | |||||
Renewable Electricity | 796,594 | — | 796,594 | |||||
Specialty Chemicals | 4,370,390 | — | 4,370,390 | |||||
Steel | 2,410,008 | — | 2,410,008 | |||||
Short-Term Investments | 3,525,900 | — | 3,525,900 | |||||
Total Value of Securities | $191,094,480 | $— | $191,094,480 |
1The security that has been valued at zero on the “Schedules of investments” is considered to be a Level 3 investment in this table. |
Delaware Ivy Science and Technology Fund | |
Level 1 | |
Securities | |
Assets: | |
Common Stocks | $5,945,637,818 |
Short-Term Investments | 26,392,387 |
Total Value of Securities | $5,972,030,205 |
Delaware Real Estate Securities Fund | |
Level 1 | |
Securities | |
Assets: | |
Common Stocks | $114,291,667 |
Short-Term Investments | 257,514 |
Total Value of Securities | $114,549,181 |
Delaware Climate Solutions Fund |
Delaware Ivy Asset Strategy Fund |
Delaware Ivy Balanced Fund | |||||||||
Six months ended |
Year ended | Six months ended |
Year ended | Six months ended |
Year ended | ||||||
9/30/24 | 3/31/24 | 9/30/24 | 3/31/24 | 9/30/24 | 3/31/24 | ||||||
Shares sold: | |||||||||||
Class A | 93,815 | 468,984 | 746,898 | 2,303,722 | 1,423,598 | 4,086,333 | |||||
Class C | 5,643 | 30,143 | 105,631 | 194,326 | 96,239 | 220,523 | |||||
Class I | 398,258 | 1,175,921 | 1,175,467 | 1,657,808 | 1,468,688 | 3,233,319 | |||||
Class R | 51,822 | 181,764 | 67,626 | 111,364 | 24,797 | 55,004 | |||||
Class R6 | 12,066 | 176,282 | 44,313 | 145,932 | 26,627 | 96,996 | |||||
Class Y | 14,487 | 58,528 | 82,487 | 201,189 | 32,472 | 63,958 | |||||
Shares issued upon reinvestment of dividends and distributions: | |||||||||||
Class A | — | 182,528 | 578,044 | 1,952,697 | 325,399 | 1,130,535 | |||||
Class C | — | 10,695 | 13,955 | 59,696 | 4,968 | 29,345 | |||||
Class I | — | 169,637 | 165,302 | 570,492 | 117,690 | 426,137 | |||||
Class R | — | 55,049 | 9,070 | 31,042 | 2,377 | 8,375 | |||||
Class R6 | — | 7,345 | 9,887 | 29,243 | 3,402 | 10,913 | |||||
Class Y | — | 11,635 | 35,483 | 121,266 | 3,014 | 10,253 | |||||
576,091 | 2,528,511 | 3,034,163 | 7,378,777 | 3,529,271 | 9,371,691 | ||||||
Shares redeemed: | |||||||||||
Class A | (1,181,359) | (3,310,736) | (4,724,198) | (10,684,583) | (4,565,911) | (11,913,265) | |||||
Class C | (109,442) | (559,682) | (316,404) | (1,187,449) | (419,784) | (1,690,424) | |||||
Class I | (1,449,865) | (5,113,424) | (2,380,366) | (6,774,904) | (3,779,984) | (8,182,966) | |||||
Class R | (323,475) | (1,540,303) | (105,609) | (219,048) | (22,563) | (90,650) | |||||
Class R6 | (125,741) | (216,166) | (79,968) | (179,195) | (52,513) | (150,751) | |||||
Class Y | (156,107) | (324,659) | (298,775) | (802,481) | (57,422) | (140,413) | |||||
(3,345,989) | (11,064,970) | (7,905,320) | (19,847,660) | (8,898,177) | (22,168,469) | ||||||
Net decrease | (2,769,898) | (8,536,459) | (4,871,157) | (12,468,883) | (5,368,906) | (12,796,778) |
Delaware Ivy Natural Resources Fund |
Delaware Ivy Science and Technology Fund |
Delaware Real Estate Securities Fund | |||||||||
Six months ended |
Year ended | Six months ended |
Year ended | Six months ended |
Year ended | ||||||
9/30/24 | 3/31/24 | 9/30/24 | 3/31/24 | 9/30/24 | 3/31/24 | ||||||
Shares sold: | |||||||||||
Class A | 91,108 | 225,612 | 924,641 | 3,048,006 | 60,545 | 134,537 | |||||
Class C | 13,414 | 47,480 | 100,826 | 268,784 | 526 | 2,240 | |||||
Class I | 140,041 | 487,910 | 1,744,189 | 3,442,734 | 238,432 | 385,120 | |||||
Class R | 22,191 | 89,926 | 142,998 | 268,831 | 6,991 | 7,674 | |||||
Class R6 | 36,590 | 175,519 | 267,901 | 672,947 | 94,968 | 33,288 | |||||
Class Y | 31,931 | 96,948 | 400,256 | 832,171 | 7,178 | 16,691 | |||||
Shares issued upon reinvestment of dividends and distributions: | |||||||||||
Class A | — | 160,913 | — | 8,275,253 | 43,170 | 484,633 | |||||
Class C | — | 3,446 | — | 717,381 | 236 | 3,983 | |||||
Class I | — | 73,662 | — | 1,914,128 | 24,918 | 304,132 | |||||
Class R | — | 9,858 | — | 304,713 | 316 | 2,819 | |||||
Class R6 | — | 5,476 | — | 179,854 | 1,461 | 12,462 | |||||
Class Y | — | 11,853 | — | 465,096 | 1,891 | 18,387 | |||||
335,275 | 1,388,603 | 3,580,811 | 20,389,898 | 480,632 | 1,405,966 | ||||||
Shares redeemed: | |||||||||||
Class A | (772,803) | (2,294,363) | (6,576,315) | (15,960,329) | (609,459) | (1,430,947) | |||||
Class C | (32,640) | (169,114) | (615,130) | (2,233,759) | (11,506) | (19,597) | |||||
Class I | (461,080) | (2,139,981) | (3,032,756) | (8,930,874) | (741,118) | (2,041,999) | |||||
Class R | (110,272) | (320,592) | (386,549) | (698,771) | (5,076) | (10,382) | |||||
Class R6 | (51,613) | (114,378) | (301,599) | (636,208) | (8,327) | (43,003) | |||||
Class Y | (76,204) | (257,541) | (670,300) | (1,426,829) | (12,103) | (58,425) | |||||
(1,504,612) | (5,295,969) | (11,582,649) | (29,886,770) | (1,387,589) | (3,604,353) | ||||||
Net decrease | (1,169,337) | (3,907,366) | (8,001,838) | (9,496,872) | (906,957) | (2,198,387) |
Six months ended September 30, 2024 | Year ended March 31, 2024 | ||||||||||
Exchange Redemptions |
Exchange Subscriptions |
Value | Exchange Redemptions |
Exchange Subscriptions |
Value | ||||||
Delaware Climate Solutions Fund | $33,467 | $135,824 | |||||||||
Class A | 2,137 | 1,196 | 6,392 | 7,873 | |||||||
Class C | 1,508 | — | 6,641 | — | |||||||
Class I | — | 2,214 | 1,990 | 6,767 | |||||||
Class Y | — | — | 399 | — | |||||||
Delaware Ivy Asset Strategy Fund | $4,247,570 | $3,475,355 | |||||||||
Class A | 151,598 | 38,366 | 74,045 | 101,888 | |||||||
Class C | 43,051 | — | 109,780 | — |
Six months ended September 30, 2024 | Year ended March 31, 2024 | ||||||||||
Exchange Redemptions |
Exchange Subscriptions |
Value | Exchange Redemptions |
Exchange Subscriptions |
Value | ||||||
Class I | 162 | 147,906 | 4,735 | 74,988 | |||||||
Class R6 | — | 1,123 | — | 1,413 | |||||||
Class Y | 379 | — | 1,942 | — | |||||||
Delaware Ivy Balanced Fund | $1,407,343 | $3,439,675 | |||||||||
Class A | 17,991 | 33,981 | 48,619 | 119,956 | |||||||
Class C | 45,844 | — | 96,593 | — | |||||||
Class I | — | 28,434 | 29,811 | 50,624 | |||||||
Class R6 | — | 479 | — | 3,779 | |||||||
Class Y | — | — | 1,276 | — | |||||||
Delaware Ivy Natural Resources Fund | $121,997 | $165,576 | |||||||||
Class A | 5,628 | 1,788 | 7,354 | 3,335 | |||||||
Class C | 2,120 | — | 3,575 | — | |||||||
Class I | 84 | 5,231 | 435 | 7,004 | |||||||
Class R6 | — | 119 | — | — | |||||||
Delaware Ivy Science and Technology Fund | $4,776,220 | $5,960,503 | |||||||||
Class A | 72,786 | 10,343 | 62,814 | 58,609 | |||||||
Class C | 17,170 | — | 92,651 | — | |||||||
Class I | 1,067 | 58,014 | 10,028 | 49,344 | |||||||
Class R6 | — | 86 | — | 5,239 | |||||||
Class Y | 3,043 | — | 750 | — | |||||||
Delaware Real Estate Securities Fund | $61,282 | $123,116 | |||||||||
Class A | 2,893 | 962 | 4,516 | 3,211 | |||||||
Class C | 1,020 | — | 3,384 | — | |||||||
Class I | — | 2,837 | — | 4,438 |
Delaware Ivy Asset Strategy Fund | ||
Asset Derivatives Fair Value | ||
Statements of Assets and Liabilities Location |
Interest Rate Contracts | |
Variation margin due from broker on futures contracts* | $72,150 |
Delaware Ivy Asset Strategy Fund | ||||
Liability Derivatives Fair Value | ||||
Statements of Assets and Liabilities Location |
Interest Rate Contracts |
Credit Contracts | ||
Variation margin due to broker on futures contracts* | $(53,014) | $— | ||
Variation margin due from broker on centrally cleared credit default swap contracts* | — | (10,416) | ||
Total | $(53,014) | $(10,416) |
Delaware Ivy Balanced Fund | ||
Asset Derivatives Fair Value | ||
Statements of Assets and Liabilities Location |
Interest Rate Contracts | |
Variation margin due to broker on futures contracts* | $28,657 |
Delaware Ivy Balanced Fund | ||
Liability Derivatives Fair Value | ||
Statements of Assets and Liabilities Location |
Interest Rate Contracts | |
Variation margin due to broker on futures contracts* | $(133,111) |
Delaware Ivy Asset Strategy Fund | Net Realized Gain (Loss) on: | ||||||||
Forward Foreign Currency Exchange Contracts |
Futures Contracts |
Swap Contracts |
Total | ||||||
Currency contracts | $(60,182) | $— | $— | $(60,182) | |||||
Interest rate contracts | — | (504,767) | — | (504,767) | |||||
Credit contracts | — | — | 577 | 577 | |||||
Total | $(60,182) | $(504,767) | $577 | $(564,372) |
Net Change in Unrealized Appreciation (Depreciation) on: | |||||||
Forward Foreign Currency Exchange Contracts |
Futures Contracts |
Swap Contracts |
Total | ||||
Currency contracts | $10,113 | $— | $— | $10,113 | |||
Interest rate contracts | — | 71,372 | — | 71,372 | |||
Credit contracts | — | — | (12,686) | (12,686) | |||
Total | $10,113 | $71,372 | $(12,686) | $68,799 |
Delaware Ivy Balanced Fund | Net Realized Gain (Loss) on: | ||||||||
Forward Foreign Currency Exchange Contracts |
Futures Contracts |
Swap Contracts |
Total | ||||||
Currency contracts | $(131,559) | $— | $— | $(131,559) | |||||
Interest rate contracts | — | (295,575) | — | (295,575) | |||||
Credit contracts | — | — | (126,241) | (126,241) | |||||
Total | $(131,559) | $(295,575) | $(126,241) | $(553,375) |
Net Change in Unrealized Appreciation (Depreciation) on: | |||||||
Forward Foreign Currency Exchange Contracts |
Futures Contracts |
Swap Contracts |
Total | ||||
Currency contracts | $21,197 | $— | $— | $21,197 | |||
Interest rate contracts | — | 74,278 | — | 74,278 | |||
Credit contracts | — | — | 120,773 | 120,773 | |||
Total | $21,197 | $74,278 | $120,773 | $216,248 |
Long Derivative Volume | |||||
Delaware Ivy Asset Strategy Fund |
Delaware Ivy Balanced Fund | ||||
Forward foreign currency exchange contracts (average notional value) | $ | 1,976,745 | $ | 3,987,118 | |
Futures contracts (average notional amount) | 24,831,196 | 59,549,711 | |||
CDS contracts (average notional value)* | 114,803 | 2,575,559 |
Short Derivative Volume | |||||
Delaware Ivy Asset Strategy Fund |
Delaware Ivy Balanced Fund | ||||
Forward foreign currency exchange contracts (average contract amount) | $ | 943,615 | $ | 1,894,015 | |
Futures contracts (average notional amount) | 13,686,584 | 29,065,199 |
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable.
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
The information is included as part of the material filed under Item 7 of this form.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
The information is included as part of the material filed under Item 7 of this form.
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 15. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of trustees, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
Item 16. Controls and Procedures.
(a) | The registrant’s principal executive officer and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing of this report, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the Investment Company Act of 1940 (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)) and provide reasonable assurance that the information required to be disclosed by the registrant in its reports or statements filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. |
(b) | There were no significant changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940 (17 CFR 270.30a-3(d)) that occurred during the period covered by the report to stockholders included herein that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 18. Recovery of Erroneously Awarded Compensation.
Not Applicable.
Item 19. Exhibits.
(a)(1) | Not applicable. | |
(a)(2) |
Not applicable. | |
(a)(3) |
Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto as Exhibit [99.CERT]. | |
(a)(4) |
There were no written solicitations to purchase securities under Rule 23c-1 under the Act sent or given during the period covered by the report by or on behalf of the Registrant to 10 or more persons. | |
(a)(5) |
There was no change in the Registrant’s independent public accountant during the period covered by the report. | |
(b) |
Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto as Exhibit 99.906 CERT. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf, by the undersigned, thereunto duly authorized.
Name of Registrant: Ivy Funds
/s/ SHAWN K. LYTLE | ||
By: | Shawn K. Lytle | |
Title: | President and Chief Executive Officer | |
Date: | December 3, 2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
/s/ SHAWN K. LYTLE | ||
By: | Shawn K. Lytle | |
Title: | President and Chief Executive Officer | |
Date: | December 3, 2024 |
/s/ RICHARD SALUS | ||
By: | Richard Salus | |
Title: | Chief Financial Officer | |
Date: | December 3, 2024 |