$subfield(field,delimiterChar,index) returns the element at the defined 0-based index position of an internally-delimited field. If the data source is delimited, the delimiter character must either be different from the delimiter used in the field; otherwise, the field is text-qualified.
For example, if ${desc} is “FPB-6473:East:Fiscal/FY 2005/May”, then the following expression will return “Fiscal/FY 2005/May”.
$subfield(${desc},:,2)