Delaware Enhanced Global Dividend and Income Fund

Frequently Asked Questions About DEX

What does DEX invest in?

The Delaware Enhanced Global Dividend and Income Fund functions as a closed-end balanced mutual fund. It was initiated by Delaware Management Holdings, Inc. and falls under the management of Delaware Management Business Trust. The fund pursues a strategy of investing in publicly traded stocks and debt instruments across global markets. Its investment approach targets a diverse array of companies spanning various sectors, with a primary emphasis on dividend-yielding shares from large-capitalization corporations. For its fixed-income holdings, the fund includes a range of debt securities such as government bonds, both investment-grade and high-risk/high-yield corporate bonds, and convertible bonds. Furthermore, it allocates capital to securities within emerging economies. To assess its performance, the fund measures its portfolio's returns against several key benchmarks: the S&P 500 Index, the Lipper Closed-End Global Funds Average, the FTSE EPRA/NAREIT Developed Index, and the BoFA Merrill Lynch U.S. High Yield Constrained Index. This fund commenced operations on June 29, 2007, and is based in the United States.

What is the expense ratio of DEX?

Delaware Enhanced Global Dividend and Income Fund (DEX) charges an expense ratio of 0.00%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of DEX?

Effective duration measures DEX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DEX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of DEX?

DEX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of DEX?

Yield to maturity (YTM) is the total return you'd earn from DEX if every bond in the portfolio is held to maturity at the current price. DEX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is DEX?

Delaware Enhanced Global Dividend and Income Fund (DEX) manages $80.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.