Delaware Covered Call Strategy Fund (FRCDX)
The investment seeks long-term capital appreciation. The fund invests in a portfolio of equity securities and writes (sells) call options on those securities. Under normal circumstances, the fund writes (sells) call options on at least 80% of the fund's total assets. The fund normally writes (sells) covered call options listed on U.S. exchanges on the equity securities held by the fund to seek to lower the overall volatility of the fund's portfolio, protect the fund from market declines, and generate income.
Fund Info
US24611D2018
24611D201
Mar 31, 2016
$0
Large-Cap
Blend
Expense Ratio
FRCDX has a high expense ratio of 1.06%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Delaware Covered Call Strategy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
FRCDX
N/A
N/A
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^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of FRCDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.55% | 2.03% | 1.73% | -74.95% | |||||||||
| 2023 | 4.18% | -1.20% | 2.86% | 1.77% | -0.17% | 3.91% | 2.24% | 0.23% | -2.30% | -0.64% | 5.48% | 1.89% | 19.51% |
| 2022 | -2.73% | -2.43% | 3.62% | -5.99% | 0.54% | -6.09% | 6.77% | -1.70% | -6.47% | 5.64% | 3.43% | -3.24% | -9.41% |
| 2021 | -2.09% | 3.08% | 4.87% | 2.93% | 1.46% | 0.05% | 0.76% | 1.21% | -2.43% | 4.51% | -1.98% | 4.05% | 17.28% |
| 2020 | -1.63% | -9.61% | -14.75% | 8.42% | 3.39% | 0.78% | 3.17% | 4.00% | -1.70% | -1.92% | 8.65% | 2.70% | -1.15% |
| 2019 | 6.67% | 2.67% | 1.01% | 2.67% | -5.63% | 6.68% | 2.16% | -2.11% | 2.03% | 1.19% | 1.59% | 1.73% | 22.01% |
| 2018 | 2.16% | -4.15% | -1.52% | 0.72% | 0.89% | -0.72% | 2.86% | 2.26% | 0.68% | -7.54% | 2.57% | -8.48% | -10.57% |
| 2017 | 0.76% | 3.49% | -0.57% | 0.46% | -0.73% | 0.90% | 1.01% | -0.09% | 1.80% | 0.36% | 1.79% | 1.74% | 11.40% |
| 2016 | 0.00% | 1.70% | -0.23% | 2.57% | 0.10% | -0.12% | -0.68% | 1.17% | 1.77% | 6.41% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FRCDX is 0, meaning it’s performing worse than 100% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Delaware Covered Call Strategy Fund (FRCDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Delaware Covered Call Strategy Fund provided a 413.12% dividend yield over the last twelve months, with an annual payout of $13.18 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $13.18 | $0.67 | $1.41 | $0.07 | $0.16 | $0.15 | $0.17 | $0.14 | $0.12 |
Dividend yield | 413.12% | 5.24% | 12.54% | 0.49% | 1.36% | 1.26% | 1.63% | 1.23% | 1.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Delaware Covered Call Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.02 | $13.16 | $13.18 | ||||||||
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.58 | $0.67 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.34 | $1.41 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.07 |
| 2020 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.16 |
| 2019 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.15 |
| 2018 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.17 |
| 2017 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.14 |
| 2016 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Delaware Covered Call Strategy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Delaware Covered Call Strategy Fund was 76.00%, occurring on Apr 18, 2024. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -76% | Apr 1, 2024 | 14 | Apr 18, 2024 | — | — | — |
| -34.97% | Feb 13, 2020 | 27 | Mar 23, 2020 | 244 | Mar 11, 2021 | 271 |
| -19.01% | Sep 24, 2018 | 64 | Dec 24, 2018 | 137 | Jul 12, 2019 | 201 |
| -15.56% | Jan 5, 2022 | 113 | Jun 16, 2022 | 126 | Dec 15, 2022 | 239 |
| -13.7% | Dec 16, 2022 | 8 | Dec 28, 2022 | 168 | Aug 30, 2023 | 176 |
Volatility
Volatility Chart
The current Delaware Covered Call Strategy Fund volatility is 141.70%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.