The SEC has fined Macquarie Investment Management, the parent company of Delaware Investments, $80 million according to a settlement issued on Sept. 19, 2024. Between 2017 and 2021, the SEC alleges that Macquarie improperly valued some illiquid mortgage derivative securities and improperly cross-traded them between private accounts and public mutual funds, primarily to the detriment of the funds. Macquarie noted involvement of 10 US mutual funds, including Macquarie US Core Plus Fixed Income (this fund's strategy name). The firm agreed to pay the fine without admitting or denying any wrongdoing. In view of these developments, we are placing the fund Under Review.