About CXHYX
Macquarie National High Yield Municipal Bond Fund Class A is a mutual fund focused on generating a high level of current income that is exempt from federal income tax. The fund primarily invests in medium- and lower-grade municipal securities, often categorized as high-yield or below-investment-grade bonds, which are typically issued by U.S. states, local governments, and related agencies. These bonds finance vital public projects such as infrastructure, schools, and utilities, and are notable for their inherent tax benefits, making the fund attractive to investors seeking tax-advantaged income.
Established in 1986 and managed by a team of seasoned professionals, the fund is recognized for its broad municipal bond portfolio, consisting of hundreds of individual holdings, which diversifies credit risk across various issuers and sectors. It offers monthly income distributions, with a competitive yield relative to its high-yield municipal peer group. While the fund’s strategy offers higher income potential, it also carries higher risk due to its exposure to lower-rated or unrated bonds. The Macquarie National High Yield Municipal Bond Fund Class A plays a significant role in the market by providing access to higher-yielding municipal securities for income-focused investors, especially those in higher tax brackets looking for federally tax-exempt income.
Fund Family Nomura
Category High Yield Muni
Performance Rating Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol CXHYX
Share Class Class A
Index Bloomberg Municipal Bond TR
CXHYX had a total return of -3.77% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.71%.
