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Trending ETFs

Name

As of 12/10/2021

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

$11.92

$328 M

0.00%

0.02%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$328 M

Holdings in Top 10

30.5%

52 WEEK LOW AND HIGH

$11.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.02%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 12/10/2021

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

$11.92

$328 M

0.00%

0.02%

WMBBX - Profile

Distributions

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

Fund Details

  • Legal Name
    Ivy Funds - Delaware Ivy Municipal Bond Fd USD Cls B
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    N/A
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Delaware Ivy Municipal Bond Fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in municipal bonds. The Fund mainly invests in municipal bonds of investment grade and of any maturity. Municipal bonds are obligations issued by or on behalf of states, territories and possessions of the United States (including the District of Columbia, Puerto Rico, the US Virgin Islands and Guam), the interest on which is excludable from gross income for federal income tax purposes, although a portion of such interest may be an item of tax preference for purposes of the federal alternative minimum tax (AMT) (Tax Preference Item). Investment grade debt securities include debt securities rated BBB- or higher by S&P Global Ratings, a division of S&P Global Inc. (S&P), or comparably rated by another nationally recognized statistical rating organization (NRSRO) or, if unrated, determined by Delaware Management Company (Manager), the Fund’s investment manager, to be of comparable quality.

The Fund diversifies its holdings between two main types of municipal bonds:

·General obligation bonds, which are backed by the full faith, credit and taxing power of the governmental authority 

·Revenue bonds, which are payable only from specific sources, such as the revenue from a particular project, a special tax, lease payments and/or appropriated funds. Revenue bonds include certain private activity bonds (PABs), which finance privately operated facilities. Revenue bonds also include housing bonds that finance pools of single-family home mortgages and multi-family housing projects and student loan bonds that finance pools of student loans as well as bonds that finance charter schools. Revenue bonds also include tobacco bonds that are issued by state-created special purpose entities as a means to securitize a state’s share of annual tobacco settlement revenues. 

The Manager attempts to enhance Fund performance by utilizing opportunities presented by the shape and slope of the yield curve. As an overlay to this core strategy, the Manager attempts to identify and capitalize on relative value opportunities that exist between sectors, states (including US possessions), security structures and ratings categories. The Manager monitors relative attractiveness to other taxable fixed-income asset classes, as well as municipal market supply/demand patterns, expectations of US Treasury (Treasury) market performance and overall market liquidity, tax policies and other technical factors, in seeking to identify opportunities for the Fund.

The Manager may look at a number of factors in selecting securities for the Fund’s portfolio. These include the security’s current coupon, the maturity, relative value and market yield of the security, the creditworthiness of the particular issuer or of the private company involved, the sector in which the security is identified, the structure of the security, including whether it has a call feature, and the state in which the security is issued.

The Manager seeks to emphasize prudent diversification among sectors, states, security structures, position sizes and ratings categories, in an attempt to reduce overall portfolio risk and performance volatility as well as to emphasize capital preservation. However, the Fund may invest significantly in municipal bonds payable from revenues derived from similar projects, such as those in the healthcare, transportation and utility sectors.

Generally, in determining whether to sell a security, the Manager uses the same type of analysis that it uses when buying securities to determine whether the security continues to be a desired investment for the Fund. The Manager also may sell a security to reduce the Fund’s holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash.

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WMBBX - Performance

Return Ranking - Trailing

Period WMBBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -86.8% 7.5% 43.45%
1 Yr N/A -48.9% 15.3% 23.28%
3 Yr N/A* -21.5% 51.9% 21.17%
5 Yr N/A* -5.9% 29.0% 17.37%
10 Yr N/A* -3.6% 13.2% 9.72%

* Annualized

Return Ranking - Calendar

Period WMBBX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -91.1% 101.7% 13.51%
2022 N/A -79.2% 102.5% 15.61%
2021 1.4% -66.1% 60.0% 2.14%
2020 2.0% -57.4% 7.6% 94.69%
2019 -2.5% -35.9% 3.2% 2.71%

Total Return Ranking - Trailing

Period WMBBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -86.8% 7.5% 43.58%
1 Yr N/A -48.9% 15.4% 38.97%
3 Yr N/A* -21.5% 51.9% 21.22%
5 Yr N/A* -5.9% 29.0% 16.99%
10 Yr N/A* -3.6% 13.3% 13.24%

* Annualized

Total Return Ranking - Calendar

Period WMBBX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -91.1% 101.7% 13.55%
2022 N/A -79.2% 102.5% 15.65%
2021 2.9% -66.1% 60.0% 2.18%
2020 3.4% -57.4% 7.6% 94.64%
2019 0.2% -35.9% 3.2% 2.82%

NAV & Total Return History


WMBBX - Holdings

Concentration Analysis

WMBBX Category Low Category High WMBBX % Rank
Net Assets 328 M 2.87 M 73.9 B 36.88%
Number of Holdings 110 1 14000 36.62%
Net Assets in Top 10 111 M -317 M 8.64 B 25.98%
Weighting of Top 10 30.48% 2.4% 100.0% 59.84%

Top 10 Holdings

  1. TEXAS ST TPK AUTH CENT TEX TPK SYS REV 0% 2.37%
  2. OHIO ST HOSP REV 4% 2.33%
  3. CALIFORNIA HEALTH FACS FING AUTH REV 5% 2.01%
  4. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.58%
  5. CALIFORNIA EDL FACS AUTH REV 5% 1.57%
  6. PUERTO RICO COMWLTH 6% 1.53%
  7. UTILITY DEBT SECURITIZATION AUTH N Y 5% 1.51%
  8. CALIFORNIA ST 5% 1.45%
  9. NORTH TEX TWY AUTH REV 0% 1.45%
  10. TEXAS WATER DEV BRD 5% 1.37%

Asset Allocation

Weighting Return Low Return High WMBBX % Rank
Bonds
98.06% 0.00% 150.86% 54.70%
Cash
1.17% -50.86% 100.00% 44.02%
Other
0.77% -13.03% 30.01% 12.28%
Stocks
0.00% -0.03% 4.63% 14.05%
Preferred Stocks
0.00% -1.79% 0.04% 11.05%
Convertible Bonds
0.00% 0.00% 0.93% 11.14%

Bond Sector Breakdown

Weighting Return Low Return High WMBBX % Rank
Cash & Equivalents
0.31% 0.00% 100.00% 46.30%
Derivative
0.00% 0.00% 21.68% 11.00%
Securitized
0.00% 0.00% 5.93% 12.42%
Corporate
0.00% 0.00% 9.99% 26.89%
Municipal
0.00% 0.00% 100.00% 52.05%
Government
0.00% 0.00% 52.02% 16.71%

Bond Geographic Breakdown

Weighting Return Low Return High WMBBX % Rank
US
98.06% 0.00% 142.23% 65.89%
Non US
0.00% 0.00% 62.14% 22.05%

WMBBX - Expenses

Operational Fees

WMBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.02% 0.02% 3.60% 2.54%
Management Fee 0.01% 0.00% 1.10% 86.82%
12b-1 Fee N/A 0.00% 1.00% 79.89%
Administrative Fee N/A 0.01% 0.44% 1.59%

Sales Fees

WMBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.90% N/A
Deferred Load N/A 0.25% 5.00% 0.29%

Trading Fees

WMBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

WMBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 283.00% 64.75%

WMBBX - Distributions

Dividend Yield Analysis

WMBBX Category Low Category High WMBBX % Rank
Dividend Yield 0.00% 0.00% 35.27% 79.56%

Dividend Distribution Analysis

WMBBX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly

Net Income Ratio Analysis

WMBBX Category Low Category High WMBBX % Rank
Net Income Ratio N/A -0.53% 24.00% 77.70%

Capital Gain Distribution Analysis

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

Distributions History

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WMBBX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.21 1.58