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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Delaware National High-Yield Municipal Bond Fund

DVNYX |

-

$661 M

-

1.74%

Vitals

YTD Return

N/A

1 yr return

15.4%

3 Yr Avg Return

7.7%

5 Yr Avg Return

8.0%

Net Assets

$661 M

Holdings in Top 10

11.9%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.74%

SALES FEES

Front Load N/A

Deferred Load 4.00%

TRADING FEES

Turnover 46.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Delaware National High-Yield Municipal Bond Fund

DVNYX |

-

$661 M

-

1.74%

DVNYX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 7.0%
  • 5 Yr Annualized Total Return 7.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.48%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Delaware National High-Yield Municipal Bond Fund
  • Fund Family Name
    Delaware Investments
  • Inception Date
    Dec 18, 1996
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stephen J. Czepiel

Fund Description

DVNYX - Performance

Return Ranking - Trailing

Period DVNYX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 1.6% 6.6% N/A
1 Yr 15.4% -0.4% 6.6% N/A
3 Yr 7.7%* -2.2% 2.4% N/A
5 Yr 8.0%* -0.5% 2.2% N/A
10 Yr 5.0%* 0.8% 6.5% N/A

* Annualized

Return Ranking - Calendar

Period DVNYX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -5.6% 4.2% N/A
2022 N/A 0.0% 8.6% N/A
2021 N/A -6.7% -1.2% N/A
2020 N/A -2.0% 2.9% N/A
2019 N/A 3.6% 83.0% N/A

Total Return Ranking - Trailing

Period DVNYX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 1.6% 6.7% N/A
1 Yr 11.4% -0.4% 7.2% N/A
3 Yr 7.0%* -2.1% 3.2% N/A
5 Yr 7.8%* -0.5% 5.3% N/A
10 Yr 5.0%* 0.8% 7.2% N/A

* Annualized

Total Return Ranking - Calendar

Period DVNYX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -3.7% 4.2% N/A
2022 N/A 0.0% 9.8% N/A
2021 N/A -4.6% 0.8% N/A
2020 N/A -2.0% 5.3% N/A
2019 N/A 3.6% 83.0% N/A

DVNYX - Holdings

Concentration Analysis

DVNYX Category Low Category High DVNYX % Rank
Net Assets 661 M 45.7 M 18.9 B N/A
Number of Holdings 307 42 3378 N/A
Net Assets in Top 10 75.7 M 4.84 M 2.12 B N/A
Weighting of Top 10 11.91% 4.3% 39.1% N/A

Top 10 Holdings

  1. Jefferson Cnty Ala Swr Rev Swr Rev 6.5% 1.51%
  2. Texas Private Activity Bd Surf Sr Lie 7% 1.31%
  3. Virginia St Pub Bldg Auth 5% 1.31%
  4. North Tex Twy Auth 5.75% 1.22%
  5. Buckeye Ohio Tob Settlement Fi To 5.875% 1.17%
  6. Maryland St Go St Loc 5% 1.13%
  7. Buckeye Ohio Tob Settlement Fi Toba 6.5% 1.12%
  8. Golden St Tob Securitization C Tob 5.75% 1.09%
  9. Allegheny Cnty Pa Indl Dev Aut Rev 5.75% 1.03%
  10. California Statewide Cmntys De Re 5.375% 1.02%

Asset Allocation

Weighting Return Low Return High DVNYX % Rank
Bonds 		96.74% 81.91% 103.81% N/A
Other 		3.26% 0.00% 1.02% N/A
Stocks 		0.00% 0.00% 0.55% N/A
Preferred Stocks 		0.00% 0.00% 0.42% N/A
Convertible Bonds 		0.00% 0.00% 0.00% N/A
Cash 		0.00% -3.81% 18.09% N/A

Bond Sector Breakdown

Weighting Return Low Return High DVNYX % Rank
Municipal 		96.74% 91.17% 103.28% N/A
Derivative 		0.00% -0.12% 0.05% N/A
Cash & Equivalents 		0.00% -3.28% 18.09% N/A
Securitized 		0.00% 0.00% 0.02% N/A
Corporate 		0.00% 0.00% 2.77% N/A
Government 		0.00% -10.34% 4.74% N/A

Bond Geographic Breakdown

Weighting Return Low Return High DVNYX % Rank
US 		96.74% 77.16% 103.27% N/A
Non US 		0.00% 0.00% 12.42% N/A

DVNYX - Expenses

Operational Fees

DVNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.74% 0.27% 1.97% N/A
Management Fee 0.55% 0.26% 0.75% N/A
12b-1 Fee 1.00% 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

DVNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load 4.00% 0.60% 5.50% N/A

Trading Fees

DVNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DVNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 3.00% 119.00% N/A

DVNYX - Distributions

Dividend Yield Analysis

DVNYX Category Low Category High DVNYX % Rank
Dividend Yield 0.00% 0.01% 4.99% N/A

Dividend Distribution Analysis

DVNYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

DVNYX Category Low Category High DVNYX % Rank
Net Income Ratio 3.48% 1.46% 5.35% N/A

Capital Gain Distribution Analysis

DVNYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

DVNYX - Fund Manager Analysis

Managers

Stephen J. Czepiel

Start Date

Tenure

Tenure Rank

Jul 16, 2007

7.13

7.1%

Czepiel is a senior vice president, senior municipal bond trader and head of municipal bond trading with Delaware Investments, his employer since July 2004. Previously, he was vice president at both Mesirow Financial and Loop Capital Markets. He began his career in the securities industry in 1982 as a municipal bond trader at Kidder Peabody and now has many years of experience in municipal securities trading.

Gregory A. Gizzi

Start Date

Tenure

Tenure Rank

Dec 28, 2012

1.67

1.7%

Gregory A. Gizzi is a member of the firm’s municipal fixed income portfolio management team. He is also a co-portfolio manager of the firm’s municipal bond funds and several client accounts. Before joining Delaware Investments in January 2008 as head of municipal bond trading, he spent six years as a vice president at Lehman Brothers for the firm’s tax-exempt institutional sales effort. Prior to that, he spent two years trading corporate bonds for UBS before joining Lehman Brothers in a sales capacity. Gizzi has more than 20 years of trading experience in the municipal securities industry, beginning at Kidder Peabody in 1984, where he started as a municipal bond trader and worked his way up to institutional block trading desk manager. He later worked in the same capacity at Dillon Read. Gizzi earned his bachelor’s degree in economics from Harvard University.

Joseph R. Baxter

Start Date

Tenure

Tenure Rank

May 31, 2003

11.26

11.3%

Baxter is a senior vice president and senior portfolio manager with Delaware Investments. Prior to joining Delaware Investments in 1999, he held investment positions with First Union.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.75 14.67 6.07 9.43

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