Delaware SMID Cap Growth Fund Class A
DFCIX
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
- Delaware Group Equity Funds IV
- IPO Date
- Mar 27, 1986
- CIK
- 0000778108
- Similar Companies
- Business
- Delaware SMID Cap Growth Fund Class A (DFCIX) is an open-end mutual fund that seeks long-term capital appreciation primarily through investments in common stocks of growth-oriented small- and mid-capitalization companies expected to grow faster than the U.S. economy. Under normal circumstances, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. small- and mid-cap companies defined as those with market capitalizations within the range of the Russell 2000 Growth Index or Russell Midcap Growth Index at the time of purchase; it may also invest in other growth-oriented securities, including initial public offerings, American Depositary Receipts, and derivatives such as futures and options. The fund is part of the Delaware Funds by Macquarie family, managed by portfolio managers including Kim Scott of Ivy Investment Management Company since May 2014 and Benjamin Leung, with a high expense ratio of 1.04% and a minimum initial investment of $1,000. The fund, with its predecessor launched on March 27, 1986, operates within the mid-cap growth equity segment, targeting institutional and retail investors seeking exposure to U.S. growth stocks, and is benchmarked against indices like the Russell Midcap Growth Index. Delaware Funds by Macquarie, the fund family sponsor, traces its roots to Delaware Investments founded in 1929 and headquartered in Philadelphia, Pennsylvania, at 2005 Market Street; it was acquired by Macquarie Group in 2010 for $428 million and rebranded as Macquarie Investment Management (later Delaware Funds by Macquarie) in 2017. The firm manages a diverse suite of mutual funds across equities, fixed income, and alternatives, with global operations through Macquarie Asset Management but primary U.S. focus. Recent developments include Nomura Holdings' announcement in April 2025 to acquire Macquarie's U.S. and European public asset management business, which encompasses Delaware Funds by Macquarie established via the 2010 Delaware Investments acquisition, marking a significant ownership transition expected to integrate the fund family into Nomura's platform while maintaining investment processes. Earlier strategic moves encompass the 2019 acquisition of Foresters Investment Management's mutual fund business, reorganizing approximately $11 billion in First Investors Funds into Delaware Funds by Macquarie products; a 2016 portfolio repositioning for DFCIX involving new management and strategy shifts leading to higher turnover; and the 2017 rebranding from Delaware Investments to Macquarie Investment Management. No major new product launches or funding rounds specific to DFCIX were reported in the last 1-2 years, though the fund maintains active management with periodic portfolio adjustments.