DVHIX

About DVHIX

The Macquarie National High Yield Municipal Bond Institutional Fund is a mutual fund focused on delivering a high level of income exempt from federal income tax by primarily investing in medium- and lower-grade U.S. municipal securities. Its principal objective is to seek capital preservation and appreciation by constructing a diversified portfolio of municipal bonds issued by states, cities, and local authorities across the United States. The fund targets high-yield, or "junk," municipal bonds, which offer greater yield potential than their investment-grade counterparts at the expense of increased credit and market risk. This fund is designed to appeal to investors seeking regular, tax-advantaged income streams, distributing dividends on a monthly basis. It maintains a disciplined, research-driven process for security selection, emphasizing the yield component to minimize reliance on forecasting economic cycles or interest rate moves. Despite its high-yield orientation, municipal bond defaults have historically been lower than comparable corporate bonds, adding a layer of potential downside resilience. With a large and diverse portfolio, the fund plays a significant role in providing access to segments of the municipal market typically associated with higher returns for higher risk, helping fulfill income needs for institutional investors and others seeking tax-exempt sources of return.