| Ticker: | DHOAX |
| Manager: | Kevin P. Loome |
| Manager Since: | 08/07 |
| NAV (05/24/2013): | 4.38 |
| Objective: | Fixed Income - Corp High Yield |
| Peer: | CH IT |
| Net Assets ($mil): | 356.44 |
| Inception: | 12/27/1996 |
DHOAX : Description
Delaware High-Yield Opportunities Fund, Class A was incepted in December 1996 and is managed by Delaware Management Company. The objective of this fund is to seek total return. High current income is a secondary objective. The fund invests in high-yield, high-risk corporate bonds believed to have the capability to meet their debt obligations. It focuses on corporate bonds with the potential for greatest total return. It invests in U.S. and foreign government securities and corporate bonds of foreign issuers. The fund offers dividends monthly. Capital gains are distributed in November.
DHOAX : Composition - 05/13
| Stocks | 0.26% |
| Foreign Stocks | 0.00% |
| Cash | 4.14% |
| Bonds | 92.40% |
| Foreign Bonds | 0.00% |
| Preferred | 1.79% |
| Convertible | 0.24% |
| Other | 1.17% |
| Foreign Hedged | 0.00% |
DHOAX : Style Analysis - 05/13
| Large Growth | NA |
| Large Value | NA |
| Small Growth | NA |
| Small Value | NA |
| Foreign Stock | NA |
| Emerging Market | NA |
| Precious Metals | NA |
| Intermediate Bond | NA |
| High Yield Bond | NA |
| Foreign Bond | NA |
DHOAX : Risk Analysis
| Beta v. S&P 500 | 0.28 |
| Beta v. EAFE | 0.23 |
| Beta v. Barclays Agg Bond | 0.82 |
| Alpha 3 Yr | 14.12 |
| Alpha 5 Yr | 5.23 |
| R-Sq 3 Yr | 0.02 |
| R-Sq 5 Yr | 0.07 |
| Std Dev 3 Yr | 8.89 |
| Std Dev 5 Yr | 13.58 |
| Sharpe 3 Yr | 1.24 |
| Sharpe 5 Yr | 0.79 |
DHOAX : Fees
| Expense Ratio | 1.11 |
| % Max Load | 4.50 |
| % Min Load | 0.00 |
| % Deferred Load | NA |
| % Redemption | NA |
| % Max 12 B1 Fee | 0.30 |
| % Max Mgt Fee | 0.65 |
DHOAX : Purchase Choices:
| Min Initial Investment | 1000 |
| Min Subsequent Investment | 100 |
DHOAX : Returns Analysis - Annual
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 4.21 | 4.44 | 4.25 | 4.42 | 4.16 | 2.84 | 3.88 | 4.14 | 3.90 | 4.26 | 4.38 |
| Total Return (%) | 29.47 | 9.72 | 3.17 | 12.43 | 0.95 | -25.87 | 49.71 | 16.35 | 1.89 | 17.39 | 5.25 |
| Annual Dividend Yield (%) | 7.85 | 3.69 | 7.29 | 7.27 | 7.08 | 9.97 | 7.63 | 7.98 | 7.82 | 6.66 | 6.26 |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | 5.13 | -14.15 | 4.39 | 5.63 | -9.27 | -20.79 | -85.04 | 12.45 | -30.89 | 15.87 | 4.95 |
| Rel Performance-Obj.Ret.(%) | 66.42 | 18.82 | 14.07 | 37.92 | 9.63 | -15.64 | 155.21 | 38.88 | 1.05 | 46.84 | 13.25 |
| Ret.Quintile vs Obj(1 is best) | 1 | 2 | 2 | 1 | 4 | 3 | 2 | 1 | 4 | 1 | 1 |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 41 | 56 | 73 | 77 | 94 | 53 | 330 | 374 | 300 | 327 | 356 |
| Annual Turnover (%) | 832.00 | 644.00 | 229.00 | 0.00 | 149.00 | 143.00 | 89.00 | 141.00 | 115.00 | 61.00 | 80.00 |
| Annual Dividend Paid ($) | 0.34 | 0.17 | 0.32 | 0.33 | 0.30 | 0.29 | 0.31 | 0.34 | 0.31 | 0.29 | 0.09 |
| Annual Capital Gains Paid($) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
DHOAX : Returns Analysis - Trailing Total Return
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | 1.69% | 3.71% | 7.68% | 5.25% | 14.36% | 10.74% | 10.01% | 9.03% | 6.49% | NA |
| Ret. Percentile vs. Obj. (1 is best) | 43 | 8 | 16 | 13 | 14 | 10 | 12 | 9 | 22 | NA |
DHOAX : Stock Portfolio Snapshot - 05/13
| Average Price/Earnings | NA |
| Average Price/Book | NA |
| Average EPS Growth | NA |
| Average Market Value | NA |
DHOAX : Stock Sector Breakout - 05/13
DHOAX : Top Holdings - 05/13
| Name | Weight | Shares |
|---|---|---|
| Data not available | ||