Nomura National High Yield Municipal Bond Fund Class C (DVHCX)
| Fund Assets | 3.01B |
| Expense Ratio | 1.60% |
| Min. Investment | $1,000 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 4.13% |
| Dividend Growth | 0.06% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.79 |
| YTD Return | 0.88% |
| 1-Year Return | -1.12% |
| 5-Year Return | 0.13% |
| 52-Week Low | 9.15 |
| 52-Week High | 9.95 |
| Beta (5Y) | 0.43 |
| Holdings | 747 |
| Inception Date | May 26, 1997 |
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.
Performance
DVHCX had a total return of -1.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.15%.
Top 10 Holdings
13.04% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO COMWLTH 4% | PR.PRC 4 07.01.2046 | 2.38% |
| GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5% | PR.PRCDEV 7.5 08.20.2040 | 1.61% |
| TOBACCO SETTLEMENT FING CORP VA 0% | VA.TOBGEN 0 06.01.2047 | 1.50% |
| PUERTO RICO COMWLTH 0% | PR.PRC 11.01.2043 | 1.40% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2046 | 1.21% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2051 | 1.19% |
| GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% | CA.GLDGEN 0 06.01.2066 | 1.05% |
| CALIFORNIA EDL FACS AUTH REV 5% | CA.CASEDU 5 05.01.2049 | 0.94% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% | PR.PRCGEN 4.75 07.01.2053 | 0.94% |
| TOBACCO SETTLEMENT FING CORP VA 0% | VA.TOBGEN 0 06.01.2047 | 0.81% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0354 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0375 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0347 | Nov 28, 2025 |
| Oct 31, 2025 | $0.035 | Oct 31, 2025 |
| Sep 30, 2025 | $0.033 | Oct 1, 2025 |
| Aug 29, 2025 | $0.035 | Sep 2, 2025 |