DVHCX

About DVHCX

Macquarie National High Yield Municipal Bond Fund Class C is a mutual fund that primarily targets income generation by investing in medium and lower grade municipal bonds. Its main objective is to provide investors with a high level of income that is exempt from federal income tax. Managed by Delaware Management Company under the Macquarie brand, the fund allocates nearly all of its portfolio—over 99%—to municipal bonds, with only a minimal cash position, emphasizing its focused approach within the high yield municipal bond sector. The fund holds a diverse array of more than 800 individual securities, reflecting a broad portfolio construction designed to mitigate specific issuer risk while pursuing higher yields associated with below investment-grade municipal issuers. With an inception date dating back to 1997, the fund has established itself as a notable participant in the tax-exempt income market, catering to investors seeking monthly distributions and a relatively high dividend yield compared to peers. Its role in the financial market is to provide an option for income-oriented investors who are comfortable with higher risk in exchange for the potential of enhanced tax-advantaged returns typically found in the high yield municipal segment.