Mutual Fund Insights: Delaware REIT C Fund (DPRCX)

In-depth Analysis of Delaware REIT C Fund (DPRCX)

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See Delaware REIT C Fund (DPRCX) performance details as of January 31, 2010

  

Last Trade: $9.39 on 3/18/2010, Change: -0.05 (-0.53%)

  

Fund Manager - Babak Zenouzi

Fund Manager Tenure: 3.9 years   [Similar Funds: DPRBX  DPREX  DPRRX  DPRSX ]
Fundmojo Fund Grade: C (Score: 0.51)     (What does this score mean?)

Zenouzi rejoined Delaware Investments in May 2006. He left the firm in 1999 after seven years as an analyst and portfolio manager. Currently, he leads the firm's REIT group. He also serves as lead portfolio manager for the firm's Dividend Income products, which he helped create in the 1990s. Most recently, Zenouzi worked at Chartwell Investment Partners from 1999 to 2006.He is a member of the National Association of Real Estate Investment Trusts.  Get more insights on Babak Zenouzi

  

 What we like about Delaware REIT C Fund (DPRCX)

Data for Delaware REIT C Fund (DPRCX) as of January 31, 2010

• Delaware REIT C Fund (DPRCX) management has been with Delaware REIT C Fund for 3.9 years
• Delaware REIT C Fund (DPRCX) is less volatile than its peers as it has a 3-year Standard Deviation of 36.8, lower than category average of 38.72

  

 What we are cautious about Delaware REIT C Fund (DPRCX)

Data for Delaware REIT C Fund (DPRCX) as of January 31, 2010

• Delaware REIT C Fund is a focused fund with 46.17% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Delaware REIT C Fund (DPRCX) has a less-than-ideal short-term performance (1-year return 37.12% vs 47.97% Real Estate category average)
• Delaware REIT C Fund (DPRCX) has a less-than-ideal mid-term performance (3-year return -17.11% vs -17.09% Real Estate category average)
• Delaware REIT C Fund (DPRCX) has a less-than-ideal Long-term performance (5-year return -1.33% vs -0.30% Real Estate category average)
• Delaware REIT C Fund (DPRCX) ratio of up-years vs down years can be improved
• Delaware REIT C Fund (DPRCX) has a Morningstar rating of 3 and below
• Delaware REIT C Fund (DPRCX) is less safe compared to its Real Estate peers
• Delaware REIT C Fund (DPRCX) has an annual stock turnover rate of 174.00% that is higher than the Real Estate average of 119.83%. This could mean Delaware REIT C is more nimble, but also signal potential high tax impact and high trading fees
• Delaware REIT C Fund (DPRCX) does not have a good risk adjusted return as its 3-year Alpha of -2.19 is worse than category average of -0.91, and its 3-year Sharpe ratio is -0.37
• Delaware REIT C Fund (DPRCX) has a higher management fee of 2.29% than its Real Estate average of 1.47%
• Delaware REIT C Fund (DPRCX) carries a 1% load

See Delaware REIT C Fund (DPRCX) performance details as of January 31, 2010

  

  

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Delaware REIT C Fund (DPRCX) Net Asset

Track net asset change of Delaware REIT C fund (DPRCX)

Date	Net Asset
01/2010	$16.52M
11/2009	$17.06M
10/2009	$16.32M

More historic net asset information on Delaware REIT C Fund (DPRCX)

  

Delaware REIT C Fund (DPRCX) Portfolio Allocation

Track portfolio allocation change of Delaware REIT C fund (DPRCX)

Date	Cash	Stock	Bond	Other
09/2009	2.68%	97.31%	0.02%	0%
06/2009	3.5%	96.5%	0%	0%
03/2009	8.6%	91.4%	0%	0%

Click here to see more historic asset allocation information on Delaware REIT C Fund (DPRCX)

  

Most Recent Top 10 Holdings in Delaware REIT C Fund (DPRCX)

Discover what Delaware REIT C Fund (DPRCX) manager is buying

30-Sep-09 SIMON PPTY GRP INC [10.45%] VORNADO REALTY TRUST [6.13%] BOSTON PPTYS INC [5.05%] PUBLIC STG [4.23%] EQUITY RESIDENTAL [4.08%] HCP, INC. [3.53%] VENTAS INC [3.51%] HEALTH CARE REIT [3.39%] PROLOGIS SBI [2.94%] HOST HOTELS & RESORT [2.86%]

30-Jun-09 SIMON PPTY GRP INC [9.74%] PUBLIC STG [6.83%] EQUITY RESIDENTAL [4.66%] VORNADO REALTY TRUST [4.45%] BOSTON PPTYS INC [4.29%] VENTAS INC [3.81%] FEDERAL RLTY INV TR [3.52%] AVALONBAY CMTYS [3.48%] HEALTH CARE REIT [3.48%] HCP, INC. [3.12%]

31-Mar-09 SIMON PPTY GRP INC [7.35%] PUBLIC STG [6.37%] VORNADO REALTY TRUST [5.5%] EQUITY RESIDENTAL [4.6%] FEDERAL RLTY INV TR [4.03%] AVALONBAY CMTYS [3.69%] BOSTON PPTYS INC [3.6%] HEALTH CARE REIT [3.45%] HCP, INC. [3.44%] NATIONWIDE HLTH PROP [3.11%]

Click here for Stock Holding Change Map in Delaware REIT C Fund (DPRCX)

  

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See more information on Delaware REIT C Fund (DPRCX)

• Delaware REIT C Fund Insights
• Delaware REIT C Fund Performance Data
• Delaware REIT C Fund News
• Delaware REIT C Fund Score Explaination
• Delaware REIT C Fund Manager Information
• Historic Delaware REIT C Fund Asset Allocation Report
• Historic Delaware REIT C Fund Top 10 Holding Tracking
• Historic Delaware REIT C Fund Asset Under Management Tracking