Macquarie Smid Cap Core Fund Y
IYSYX
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
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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
- 6300 Lamar Ave Overland Park KS United States of America 66202
- IPO Date
- Dec 8, 2003
- CIK
- 0000883622
- Website
- macquarie.com
- Similar Companies
- Business
- Delaware Ivy Small Cap Core Fund Class Y (IYSYX) is a mutual fund that seeks capital appreciation by investing primarily in equity securities of small- and mid-capitalization U.S. companies with strong growth potential; at least 80% of its net assets are allocated to common stocks of such companies, typically those with market capitalizations akin to issuers in the Russell 2500 Index or Russell Midcap Index at purchase. The fund offers Class Y shares characterized by a net expense ratio of 1.14%, no front-end or back-end loads, and a focus on a blend style portfolio spanning sectors like industrials, financials, information technology, health care, and consumer discretionary, with top holdings including East West Bancorp Inc., Webster Financial Corp., and Casey's General Stores Inc. Managed by a team at Macquarie Asset Management's U.S. Core Equity group, averaging over 25 years of industry experience, the fund employs a disciplined stock selection process with daily risk reviews to drive alpha from under-researched small- and mid-cap opportunities. Ivy Funds, the Delaware statutory trust encompassing this fund, was established prior to 2003 with the Class Y shares' inception on December 8, 2003; it is headquartered at 6300 Lamar Avenue, Overland Park, Kansas, and operates exclusively in the United States, targeting institutional and high-net-worth investors through platforms like Schwab Mutual Fund OneSource. The fund belongs to the small blend category, with assets under management contributing to a market capitalization of approximately $638 million for the Class Y shares, and it benchmarks performance against the Russell 2000 Total Return Index and Russell 2500 Index. In recent years, the fund has undergone a name evolution from Delaware Ivy Small Cap Core Fund to Delaware Ivy Smid Cap Core Fund, reflecting its expanded mid-cap focus, as evidenced in updated fund documents and prospectuses; this aligns with broader Macquarie Asset Management initiatives following the 2021 acquisition of Waddell & Reed's Ivy Funds business, integrating it under Delaware Management Company. Macquarie has pursued U.S. brand unification, phasing out legacy Delaware and Ivy names toward a consolidated Macquarie branding expected to complete within 12-18 months from early 2024 announcements, while maintaining portfolio management continuity. No major new product launches, acquisitions, or funding rounds specific to IYSYX were reported in 2024-2025, though the firm completed reorganizations like the Delaware Small Cap Growth Fund into Delaware Ivy Small Cap Growth Fund.