Macquarie Asset Management

 

Optimum Large Cap Growth Fund

Overview

Key features

The objective of Optimum Large Cap Growth Fund is to seek long-term growth of capital.

American Century Investment Management, Inc. seeks stocks of larger-sized companies that they believe will increase in value over time based on their bottom-up approach to stock selection. Investment decisions are based primarily on analysis of individual companies, rather than on broad economic forecasts.

Los Angeles Capital uses a quantitative approach to forecast individual companies’ excess returns to identify larger-sized companies that they believe will increase in value over time based on their bottom-up approach to stock selection.

Benchmark and peer group

Russell 1000® Growth Index

The Russell 1000 Growth Index measures the performance of the large-cap growth segment of the US equity universe. It includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values.

Lipper Large-Cap Growth Funds Average

The Lipper Large-Cap Growth Funds Average represents the average return of large-cap growth mutual funds tracked by Lipper.

View monthly holdings
View quarterly holdings

Performance

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

Total returns may reflect waivers and/or expense reimbursements by the manager and/or distributor for some or all of the periods shown. Performance would have been lower without such waivers and reimbursements.

Returns for less than one year are not annualized.

Performance at NAV assumes that no front-end sales charge applied. Performance at max offer price assumes that a front-end sales charge applied.

Class A shares have a maximum up-front sales charge of 5.75% and are subject to an annual distribution fee.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index

Returns for less than one year are not annualized.

Performance at NAV assumes that no contingent deferred sales charge applied or the investment was not redeemed. Performance at max offer price assumes that a contingent deferred sales charge applied to the extent applicable.

Class C shares redeemed within one year of purchase are subject to a 1.00% contingent deferred sales charge (CDSC). Class C shares are eligible to automatically convert to Class A shares with a lower 12b-1 fee approximately eight years after you buy Class C shares.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Returns for less than one year are not annualized.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Standard deviation measures historical volatility of returns.
Net expense ratio reflects a contractual waiver from certain fees and/or expense reimbursements from July 31, 2024 through July 30, 2025. Please see the fee table in the Fund's prospectus for more information.

Lipper fund data for all time periods shown are as of the date shown. Although a Fund may outperform peers when compared to Lipper peer groups, the returns for that period may still be negative. Rankings shown are provided by Lipper, Inc., a leading independent analysis service. Rankings and performance for other time periods are available from Lipper.

Past performance is no guarantee of future results.

The Fund offers other share classes, and their performance and rankings may be lower than those of the class shown.

Lipper rankings reflect a fund's historical total return performance, excluding sales charges as applicable, relative to peers as of the above date. The ratings are subject to change every month and are based on equal-rated average of percentile ranks for the total return metrics over 1-, 3-, 5-, and 10-year periods, if applicable. Lipper rankings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information.

Expense waivers may have been in effect for some or all of the periods shown. Performance would have been lower if waivers did not apply or if sales charges were included. Lipper rankings may have been lower if waivers did not apply or if sales charges were included.

Management

Investment manager

Delaware Management Company

Sub-advisors

American Century Investment Management, Inc.

Keith Lee, CFA - Senior Vice President, Senior Portfolio Manager, Co-Chief Investment Officer, Global Growth Equity

Start date on the Fund: July 2022

Keith Lee is primarily responsible for the day-to-day management of American Century’s portion of the Fund. Mr. Lee has been employed by American Century since 2001 and currently serves as Senior Vice President, Senior Portfolio Manager and Co-Chief Investment Officer, Global Growth Equity.

Michael Li, Ph.D. - Vice President, Senior Portfolio Manager*

Start date on the Fund: July 2022

Michael Li is primarily responsible for the day-to-day management of American Century’s portion of the Fund. Mr. Li has been employed by American Century since 2002 and currently serves as Vice President and Senior Portfolio Manager.

Jeff Bourke, CFA - Vice President, Portfolio Manager

Start date on the Fund: July 2022

Jeff Bourke is primarily responsible for the day-to-day management of American Century’s portion of the Fund. Mr. Bourke has been employed by American Century since 2007 and currently serves as Vice President and Portfolio Manager.

Tong Li - Portfolio Manager, Senior Quantitative Analyst

Start date on the Fund: July 2024

Tong Li is primarily responsible for the day-to-day management of American Century’s portion of the Fund. Mr. Tong Li has been employed by American Century since 2007 and currently serves as Portfolio Manager and Senior Quantitative Analyst.

*Effective on or about Sepetmber 15, 2024, Michael Li will no longer be a portfolio manager of the Fund.

Los Angeles Capital Management LLC

Hal W. Reynolds, CFA - Co-Chief Investment Officer, Senior Portfolio Manager

Start date on the Fund: January 2023

Hal W. Reynolds shares primary responsibility for the day-to-day management of the investment program for Los Angeles Capital's portion of the Fund. Mr. Reynolds co-founded Los Angeles Capital in 2002. He oversees Los Angeles Capital’s investment process and works closely with Los Angeles Capital’s research team to enhance elements of the stock selection, portfolio construction and trading processes. Mr. Reynolds has worked in investment management since 1982 and has managed investment portfolios since 1998.

Daniel Arche, CFA  - Director, Portfolio Strategy and Senior Portfolio Manager

Start date on the Fund: January 2023

Daniel Arche shares primary responsibility for the day-to-day management of the investment program for Los Angeles Capital's portion of the Fund. Mr. Arche is responsible for managing accounts in accordance with Los Angeles Capital's investment philosophy and process.  Mr. Arche works to ensure that portfolios reflect the investment outlook of Los Angeles Capital’s Dynamic Alpha Stock Selection Model® and that portfolios are operating within expected risk tolerances and guidelines.  He recommends changes to portfolio parameters with the goal of enhancing returns or better controlling risk. Mr. Arche is a member of Los Angeles Capital’s Investment Committee and chairs the Portfolio Review Committee that reviews the performance, risk profile and characteristics of client portfolios and the outlook of the Model.

Daniel E. Allen, CFA - Chief Executive officer and Senior Portfolio Manager

Start date on the Fund: January 2023

Daniel E. Allen shares primary responsibility for the day-to-day management of the investment program for Los Angeles Capital's portion of the Fund. Mr. Allen is responsible for implementing Los Angeles Capital’s mission, vision and business strategies across the organization. Mr. Allen is a senior member of the Portfolio Management team and a member of the firm’s Investment Committee. He has worked in investment management since 1983 and has worked with equity management, private markets, asset management and in consulting.

 

Fees and expenses

The table below describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $75,000 in Optimum Funds. More information about these and other discounts is available from your financial intermediary, in the Fund’s Prospectus under the section entitled “About your account,” and in the Fund’s statement of additional information (SAI) under the section entitled “Purchasing Shares."

The table below describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.

The table below describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.

1The Fund’s investment manager, Delaware Management Company (Manager), has contractually agreed to waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any 12b-1 fees, acquired fund fees and expenses, taxes, interest, short sale dividend and interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations) in order to prevent total annual fund operating expenses from exceeding 0.95% of the Fund’s average daily net assets from July 31, 2024 through July 30, 2025. These waivers and reimbursements may only be terminated by agreement of the Manager and the Fund.

1Class C shares redeemed within one year of purchase are subject to a 1.00% contingent deferred sales charge (CDSC).

2The Fund’s investment manager, Delaware Management Company (Manager), has contractually agreed to waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any 12b-1 fees, acquired fund fees and expenses, taxes, interest, short sale dividend and interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations) in order to prevent total annual fund operating expenses from exceeding 0.95% of the Fund’s average daily net assets from July 31, 2024 through July 30, 2025. These waivers and reimbursements may only be terminated by agreement of the Manager and the Fund.

Institutional Class shares are available only to certain investors. See the prospectus for more information.

1The Fund’s investment manager, Delaware Management Company (Manager), has contractually agreed to waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any 12b-1 fees, acquired fund fees and expenses, taxes, interest, short sale dividend and interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations) in order to prevent total annual fund operating expenses from exceeding 0.95% of the Fund’s average daily net assets from July 31, 2024 through July 30, 2025. These waivers and reimbursements may only be terminated by agreement of the Manager and the Fund.

Allocations

The chart below lists the percentage of the Fund's total assets under management that each sub-advisor manages on behalf of the Fund. The percentages include securities, cash, and any other assets managed by each sub-advisor in its sleeve of the Fund. These percentage allocations should be updated some time after 30 days following a given month end.

 

Total may not equal 100% due to rounding.

Resources 

Fact sheets & commentaries

Prospectuses and reports

Shareholder report - Annual
Institutional Class Class A Class C

 

Shareholder report - Semi-annual
Institutional Class Class A Class C

 

Additional Information 

Nominating and governance committee charter

Audit committee charter

Proxy voting information

Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained by visiting optimummutualfunds.com/literature or calling 800 914-0278. Investors should read the prospectus and, if available, the summary prospectus carefully before investing.
Investing involves risk, including the possible loss of principal.
REIT investments are subject to many of the risks associated with direct real estate ownership, including changes in economic conditions, credit risk, and interest rate fluctuations. A REIT fund’s tax status as a regulated investment company could be jeopardized if it holds real estate directly, as a result of defaults, or receives rental income from real estate holdings.
The disruptions caused by natural disasters, pandemics, or similar events could prevent the Fund from executing advantageous investment decisions in a timely manner and could negatively impact the Fund’s ability to achieve its investment objective and the value of the Fund’s investments.
All third-party marks cited are the property of their respective owners.
Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company.
Not FDIC Insured | No Bank Guarantee | May Lose Value
 
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