Macquarie National Hi-Yld Muni Bd C (DVHCX)
| Fund Assets | 3.32B |
| Expense Ratio | 1.60% |
| Min. Investment | $1,000 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.98% |
| Dividend Growth | -4.09% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 9.85 |
| YTD Return | -2.49% |
| 1-Year Return | -3.24% |
| 5-Year Return | 4.53% |
| 52-Week Low | 9.40 |
| 52-Week High | 10.48 |
| Beta (5Y) | 0.41 |
| Holdings | 800 |
| 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 -3.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.75%.
Top 10 Holdings
12.41% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO COMWLTH 4% | PR.PRC 4 07.01.2046 | 2.06% |
| GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5% | PR.PRCDEV 7.5 08.20.2040 | 1.83% |
| PUERTO RICO COMWLTH 0% | PR.PRC 11.01.2043 | 1.35% |
| TOBACCO SETTLEMENT FING CORP VA 0% | VA.TOBGEN 0 06.01.2047 | 1.29% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2046 | 1.04% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2051 | 1.01% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 9.5% | CA.CASDEV 01.01.2065 | 1.01% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 0.99% |
| GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% | CA.GLDGEN 0 06.01.2066 | 0.92% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% | PR.PRCGEN 4.75 07.01.2053 | 0.91% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.033 | Oct 1, 2025 |
| Aug 29, 2025 | $0.035 | Sep 2, 2025 |
| Jul 31, 2025 | $0.035 | Aug 1, 2025 |
| Jun 30, 2025 | $0.033 | Jul 1, 2025 |
| May 30, 2025 | $0.033 | Jun 2, 2025 |
| Apr 30, 2025 | $0.032 | May 1, 2025 |