Optimum Large Cap Value Fund Class I
OILVX
NASDAQ- -
USD
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- -
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
- Jul 23, 2003
- CIK
- 0001227523
- Website
- optimummutualfunds.com
- Similar Companies
- Business
- Optimum Large Cap Value Fund Class I (OILVX) is an open-end mutual fund that seeks long-term growth of capital and secondarily income by investing at least 80% of its net assets in equity securities of large-capitalization U.S. companies exhibiting value characteristics, including common stocks, preferred stocks, convertible securities, and warrants; the fund emphasizes sectors such as financial services, industrials, healthcare, technology, and utilities, with top holdings including JPMorgan Chase & Co., RTX Corp., Exxon Mobil Corp., BlackRock Inc., and Wells Fargo & Co.; it maintains a diversified portfolio with approximately 96% in U.S. stocks, 3% in non-U.S. stocks, and minimal cash exposure. The fund, launched on August 1, 2003, and domiciled in the United States, is part of Optimum Fund Trust and managed within the Delaware Funds by Macquarie family, with sub-advisory services provided by Massachusetts Financial Services Company (MFS) and Great Lakes Advisors, LLC; its total net assets stand at approximately $1.95 billion, with Class I share class assets of $1.91 billion, a net expense ratio of 0.92%, and availability to U.S. investors through daily pricing. Portfolio management is led by Nevin Chitkara (since May 2006, MFS), Paul Roukis (since October 2016, Great Lakes), Katherine Cannan (since December 2019, MFS), Jeff Agne (since April 2020, Great Lakes), with a recent addition of Thomas Crowley (since December 2024, MFS), reflecting ongoing enhancements to the multi-manager team structure. Recent developments include a contractual expense waiver by Delaware Management Company through July 30, 2026, limiting total annual operating expenses to 0.93% of average daily net assets (excluding certain fees), alongside updated portfolio allocations among sub-advisors as of late 2025; the fund targets institutional and qualified investors with no minimum initial investment for Class I shares, focusing on large-value strategies benchmarked against the Russell 1000 Value Index.