Delaware Small Cap Value Fund
DVLRX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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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
- May 30, 2003
- CIK
- 0000809821
- Website
- delawarefunds.com
- Similar Companies
- Business
- Macquarie Small Cap Value Fund (Class R: DVLRX), formerly known as Delaware Small Cap Value Fund, is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of small-capitalization companies whose stock prices appear undervalued relative to their underlying value or future potential; under normal circumstances, it allocates at least 80% of its net assets, plus any borrowings for investment purposes, to such small-cap value stocks within the market capitalization range of the Russell 2000 Value Index, with a portfolio typically comprising around 106 holdings, a weighted average market cap of $5.4 billion, and sector allocations led by financial services (30.3%), industrials (15.2%), and consumer discretionary (9.6%); the fund offers multiple share classes including Institutional (DEVIX), Class A (DEVLX), Class R6 (DVZRX), Class C (DEVCX), and Class R (DVLRX), each with distinct expense ratios ranging from 0.70% to 1.85%. The fund employs a disciplined, bottom-up investment process led by a team of sector-specialist portfolio managers, including Kelley Carabasi, CFA (22 years industry experience), Kent Madden, CFA (28 years), and Michael Foley, CFA (15 years), emphasizing companies with strong free-cash flow generation, sustainable business models, and risk mitigation; it benchmarks performance against the Russell 2000 Value Index, maintaining a low portfolio turnover of 19%, high active share of 89.44%, and beta of 0.94 relative to the index. Inaugurated on June 24, 1987, and domiciled in the United States with advisory services provided by Delaware Management Company, a series of Macquarie Investment Management Business Trust, headquartered at Rodney Square North, 1100 N. Market Street, Wilmington, Delaware, the fund manages approximately $4.0 billion in total assets as of March 31, 2025. On December 31, 2024, the fund underwent a rebranding from Delaware Small Cap Value Fund to Macquarie Small Cap Value Fund as part of Delaware Funds by Macquarie's renaming to Macquarie Funds; this followed Macquarie Group's earlier 2017 rebranding of Delaware Investments to Macquarie Investment Management, which traces roots to 1929. More recently, in April 2025, Nomura Holdings announced its $1.8 billion acquisition of Macquarie's U.S. and European public asset management business, including this fund, which closed on or around November 30, 2025, integrating approximately $166 billion in assets under management and transitioning oversight to Nomura Asset Management while maintaining the existing management team and strategic collaboration between Nomura and Macquarie on product distribution.