Delaware National Hi-Yld Muni Bd B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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
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 ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDelaware National High-Yield Municipal Bond Fund
-
Fund Family NameDelaware Investments
-
Inception DateDec 18, 1996
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerStephen 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
- Jefferson Cnty Ala Swr Rev Swr Rev 6.5% 1.51%
- Texas Private Activity Bd Surf Sr Lie 7% 1.31%
- Virginia St Pub Bldg Auth 5% 1.31%
- North Tex Twy Auth 5.75% 1.22%
- Buckeye Ohio Tob Settlement Fi To 5.875% 1.17%
- Maryland St Go St Loc 5% 1.13%
- Buckeye Ohio Tob Settlement Fi Toba 6.5% 1.12%
- Golden St Tob Securitization C Tob 5.75% 1.09%
- Allegheny Cnty Pa Indl Dev Aut Rev 5.75% 1.03%
- 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
Date | Amount | Type |
---|---|---|
Sep 23, 2014 | $0.035 | |
Aug 25, 2014 | $0.036 | |
Jul 23, 2014 | $0.037 | |
Jun 16, 2014 | $0.038 | |
May 23, 2014 | $0.037 | |
Apr 23, 2014 | $0.038 | |
Mar 24, 2014 | $0.035 | |
Feb 24, 2014 | $0.038 | |
Jan 23, 2014 | $0.037 | |
Dec 23, 2013 | $0.036 | |
Nov 25, 2013 | $0.037 | |
Oct 23, 2013 | $0.038 | |
Sep 23, 2013 | $0.039 | |
Aug 23, 2013 | $0.035 | |
Jul 23, 2013 | $0.031 | |
Jun 24, 2013 | $0.031 | |
May 23, 2013 | $0.029 | |
Apr 23, 2013 | $0.031 | |
Mar 25, 2013 | $0.028 | |
Feb 25, 2013 | $0.030 | |
Jan 24, 2013 | $0.031 | |
Dec 23, 2012 | $0.030 | |
Nov 23, 2012 | $0.032 | |
Oct 23, 2012 | $0.032 | |
Sep 24, 2012 | $0.033 | |
Aug 23, 2012 | $0.034 | |
Jul 23, 2012 | $0.033 | |
Jun 25, 2012 | $0.034 | |
May 23, 2012 | $0.034 | |
Apr 23, 2012 | $0.036 | |
Mar 23, 2012 | $0.033 | |
Feb 23, 2012 | $0.036 | |
Jan 23, 2012 | $0.038 | |
Dec 23, 2011 | $0.032 | |
Nov 23, 2011 | $0.038 | |
Oct 24, 2011 | $0.036 | |
Sep 23, 2011 | $0.037 | |
Aug 25, 2011 | $0.036 | |
Jul 25, 2011 | $0.033 | |
Jun 23, 2011 | $0.033 | |
May 23, 2011 | $0.031 | |
Apr 25, 2011 | $0.033 | |
Mar 23, 2011 | $0.029 | |
Feb 23, 2011 | $0.034 | |
Jan 24, 2011 | $0.038 | |
Dec 23, 2010 | $0.036 | |
Nov 23, 2010 | $0.035 | |
Oct 25, 2010 | $0.033 | |
Sep 23, 2010 | $0.034 | |
Aug 23, 2010 | $0.035 | |
Jul 23, 2010 | $0.035 | |
Jun 23, 2010 | $0.037 | |
May 24, 2010 | $0.035 | |
Apr 23, 2010 | $0.037 | |
Mar 23, 2010 | $0.034 | |
Feb 23, 2010 | $0.038 | |
Jan 25, 2010 | $0.038 | |
Dec 23, 2009 | $0.037 | |
Nov 23, 2009 | $0.039 | |
Oct 23, 2009 | $0.038 | |
Sep 23, 2009 | $0.038 | |
Aug 24, 2009 | $0.034 | |
Jul 23, 2009 | $0.037 | |
Jun 23, 2009 | $0.039 | |
May 26, 2009 | $0.038 | |
Apr 23, 2009 | $0.039 | |
Mar 23, 2009 | $0.035 | |
Feb 23, 2009 | $0.036 | |
Jan 23, 2009 | $0.037 | |
Dec 23, 2008 | $0.036 | |
Nov 24, 2008 | $0.036 | |
Oct 23, 2008 | $0.035 | |
Sep 23, 2008 | $0.035 | |
Aug 25, 2008 | $0.035 | |
Jul 23, 2008 | $0.033 | |
Jun 23, 2008 | $0.034 | |
May 23, 2008 | $0.033 | |
Apr 23, 2008 | $0.035 | |
Mar 24, 2008 | $0.033 | |
Feb 25, 2008 | $0.036 | |
Jan 22, 2008 | $0.036 | |
Dec 24, 2007 | $0.034 | |
Nov 27, 2007 | $0.035 | |
Oct 25, 2007 | $0.033 | |
Sep 26, 2007 | $0.034 | |
Aug 23, 2007 | $0.035 | |
Jul 23, 2007 | $0.034 | |
Jun 25, 2007 | $0.034 | |
May 23, 2007 | $0.033 | |
Apr 23, 2007 | $0.035 | |
Mar 23, 2007 | $0.031 | |
Feb 23, 2007 | $0.035 | |
Jan 23, 2007 | $0.035 | |
Dec 26, 2006 | $0.033 | |
Nov 24, 2006 | $0.034 | |
Oct 23, 2006 | $0.032 | |
Sep 25, 2006 | $0.034 | |
Aug 25, 2006 | $0.034 | |
Jul 24, 2006 | $0.033 | |
Jun 23, 2006 | $0.034 | |
May 23, 2006 | $0.033 | |
Apr 24, 2006 | $0.034 | |
Mar 23, 2006 | $0.030 | |
Feb 23, 2006 | $0.035 | |
Jan 23, 2006 | $0.035 | |
Nov 23, 2005 | $0.034 | |
Oct 24, 2005 | $0.032 | |
Sep 23, 2005 | $0.035 | |
Aug 23, 2005 | $0.036 | |
Jul 25, 2005 | $0.035 | |
Jun 23, 2005 | $0.035 | |
May 23, 2005 | $0.035 | |
Apr 25, 2005 | $0.035 | |
Mar 23, 2005 | $0.032 | |
Feb 23, 2005 | $0.036 | |
Jan 24, 2005 | $0.038 | |
Dec 23, 2004 | $0.039 | |
Nov 23, 2004 | $0.037 | |
Oct 25, 2004 | $0.034 | |
Sep 23, 2004 | $0.036 | |
Aug 23, 2004 | $0.034 | |
Jul 23, 2004 | $0.036 | |
Jun 23, 2004 | $0.037 | |
May 24, 2004 | $0.035 | |
Apr 23, 2004 | $0.036 | |
Mar 23, 2004 | $0.032 | |
Feb 23, 2004 | $0.035 | |
Jan 23, 2004 | $0.035 | |
Dec 23, 2003 | $0.034 | |
Nov 24, 2003 | $0.036 | |
Oct 23, 2003 | $0.035 | |
Sep 23, 2003 | $0.037 | |
Aug 25, 2003 | $0.039 | |
Jul 23, 2003 | $0.035 | |
Jun 23, 2003 | $0.036 | |
May 23, 2003 | $0.035 | |
Apr 23, 2003 | $0.037 | |
Mar 24, 2003 | $0.034 | |
Feb 24, 2003 | $0.040 | |
Jan 23, 2003 | $0.040 | |
Dec 23, 2002 | $0.039 | |
Nov 25, 2002 | $0.041 | |
Oct 23, 2002 | $0.037 | |
Sep 23, 2002 | $0.038 | |
Aug 23, 2002 | $0.037 | |
Jul 23, 2002 | $0.036 | |
Jun 24, 2002 | $0.037 | |
May 23, 2002 | $0.038 | |
Apr 23, 2002 | $0.040 | |
Mar 25, 2002 | $0.037 | |
Feb 25, 2002 | $0.040 | |
Jan 23, 2002 | $0.041 | |
Dec 24, 2001 | $0.040 | |
Nov 23, 2001 | $0.041 | |
Oct 23, 2001 | $0.039 | |
Sep 24, 2001 | $0.041 | |
Aug 23, 2001 | $0.041 | |
Jul 23, 2001 | $0.040 | |
Jun 25, 2001 | $0.041 | |
May 23, 2001 | $0.039 | |
Apr 23, 2001 | $0.041 | |
Mar 23, 2001 | $0.037 | |
Feb 23, 2001 | $0.040 | |
Jan 23, 2001 | $0.041 | |
Dec 26, 2000 | $0.041 | |
Nov 24, 2000 | $0.042 | |
Oct 23, 2000 | $0.041 | |
Sep 25, 2000 | $0.042 | |
Aug 23, 2000 | $0.041 | |
Jul 24, 2000 | $0.040 | |
Jun 23, 2000 | $0.041 | |
May 23, 2000 | $0.040 | |
Apr 24, 2000 | $0.042 | |
Mar 22, 2000 | $0.039 | |
Feb 23, 2000 | $0.042 | |
Jan 24, 2000 | $0.042 | |
Dec 23, 1999 | $0.040 | |
Nov 23, 1999 | $0.041 | |
Oct 25, 1999 | $0.039 | |
Sep 23, 1999 | $0.040 | |
Aug 23, 1999 | $0.040 | |
Jul 23, 1999 | $0.038 | |
Jun 23, 1999 | $0.040 | |
May 24, 1999 | $0.039 | |
Apr 23, 1999 | $0.040 | |
Mar 23, 1999 | $0.036 | |
Feb 23, 1999 | $0.041 | |
Jan 25, 1999 | $0.041 | |
Dec 23, 1998 | $0.040 | |
Nov 23, 1998 | $0.041 | |
Oct 23, 1998 | $0.040 | |
Sep 23, 1998 | $0.042 | |
Aug 24, 1998 | $0.042 | |
Jul 23, 1998 | $0.041 | |
Jun 23, 1998 | $0.043 | |
May 26, 1998 | $0.042 | |
Apr 23, 1998 | $0.046 | |
Mar 23, 1998 | $0.041 | |
Feb 23, 1998 | $0.046 | |
Jan 23, 1998 | $0.047 | |
Dec 23, 1997 | $0.046 | |
Nov 24, 1997 | $0.047 | |
Oct 23, 1997 | $0.046 | |
Sep 23, 1997 | $0.048 | |
Aug 25, 1997 | $0.048 | |
Jul 23, 1997 | $0.047 | |
Jun 23, 1997 | $0.047 |
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 |