Effective on or around Nov. 15, 2021, Delaware Ivy Small Cap Core will be renamed Delaware Ivy Smid Cap Core, changing its focus from small-cap core to smid-cap core equities. Current manager Kenneth Gau will depart at the same time, replaced by the Macquarie core equity team of Frank Morris, Mike Morris, Chris Adams, Don Padilla, and David Reidinger. The moves result from Macquarie Asset Management's acquisition of Waddell & Reed, parent company of Ivy Investments.
Will IYSAX outperform in future?
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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IYSAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the IYSAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of IYSAX’s parent organization’s priorities and whether they’re in line with investors’ interests.