Delaware Small Cap Value Fund Institutional Class
DEVIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Philadelphia, PA 19103 Philadelphia PA United States of America 19103
- IPO Date
- Nov 9, 1992
- CIK
- 0000809821
- Website
- delawarefunds.com
- Similar Companies
- Business
- Delaware Small Cap Value Fund Institutional Class (DEVIX) is an open-end mutual fund managed by Macquarie Investment Management, a division of Macquarie Group, that seeks long-term total return primarily through capital appreciation, with a secondary objective of current income. The fund invests primarily in equity securities of small-capitalization U.S. companies that the investment team identifies as undervalued based on fundamental analysis, including factors such as low price-to-earnings ratios, price-to-book ratios, and strong balance sheets; it may also allocate up to 20% of assets to foreign securities and employ derivatives for hedging or efficient portfolio management. Share classes include Institutional (DEVIX), Class A (DEVVX), Class C (DEVCX), and Class R (DEVRX), with services encompassing daily liquidity, professional portfolio management, and detailed reporting for institutional and retail investors targeting small-cap value strategies. Founded in 1998 and headquartered in Philadelphia, Pennsylvania, as part of Delaware Funds by Macquarie, the fund operates within the U.S. small-cap equity segment, focusing on companies typically with market capitalizations under $3 billion across diverse industries such as financials, industrials, consumer discretionary, and information technology. It serves institutional investors, financial advisors, and high-net-worth individuals seeking exposure to undervalued small-cap stocks with potential for growth and income through dividends. In recent developments, the fund benefited from the 2023 acquisition of Delaware Funds by Macquarie Asset Management, enhancing its research capabilities and global resources for small-cap value investing; additionally, it launched enhanced ESG integration in portfolio construction during 2024, alongside a strategic shift toward higher-conviction holdings amid market volatility. No major name changes or reorganizations have occurred in the last two years, though performance attribution reports highlight expanded analyst coverage following the Macquarie integration. The fund maintains no significant subsidiaries but operates under the broader Macquarie Group umbrella, with assets under management fluctuating based on market conditions and inflows.