Nomura Small Cap Value Fund Class A
DEVLX
NASDAQ73.41
USD
-0.29
- -
CIK
0000809821
ISIN
US2460971094
CUSIP
246097109
Return %
Stock
S&P500
1Y
11.18
18.99
3Y
11.63
64.75
5Y
-1.13
71.84
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Rob Sharps
- Full Time Employees
- 7,910
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Philadelphia, PA 19103 Baltimore MD United States of America 21202
- IPO Date
- Jun 24, 1987
- CIK
- 0000809821
- Website
- delawarefunds.com
- Similar Companies
- Business
- Delaware Small Cap Value Fund A Class (DEVLX) is an actively managed open-end mutual fund that seeks capital appreciation by investing primarily in equity securities of small-capitalization companies whose stock prices appear low relative to their underlying value or future potential. Under normal circumstances, the fund allocates at least 80% of its net assets, plus any borrowings for investment purposes, to small-cap investments, with a portfolio heavily weighted toward financial services (approximately 30-38%), industrials (15-19%), consumer cyclical, technology, and real estate sectors; top holdings as of mid-2025 include AXIS Capital Holdings Ltd., Hancock Whitney Corp., Webster Financial Corp., Old National Bancorp, and FNB Corp., representing about 9% of assets, alongside approximately 107 total equity positions, 97% in U.S. stocks, 2-3% cash, and minimal non-U.S. exposure. The fund offers Class A shares with a front-end load of 5.75%, net expense ratio of 1.10%, and minimum initial investment of $1,000, targeting retail and institutional investors in the small value equity category benchmarked against the Russell 2000 Value Index. Launched on June 24, 1987, it is part of Macquarie Funds (formerly Delaware Funds by Macquarie), managed by a team including Kent Madden (since 2012), Kelley Carabasi (since 2012), and Michael Foley (since 2019), with assets under management for the share class around $621 million and total fund net assets exceeding $4 billion. Headquartered in Philadelphia, Pennsylvania, at 100 Independence, 610 Market Street, the fund operates domestically in the United States. In a significant recent development, on December 31, 2024, Delaware Funds by Macquarie completed its rebranding to Macquarie Funds, consolidating under the Macquarie Asset Management umbrella to unify branding across U.S. wealth channels, including mutual funds like DEVLX (also referred to as Macquarie Small Cap Value Fund), while maintaining its multiboutique active management approach and Philadelphia base.