Nomura National High Yield Municipal Bond Fund Class C (DVHCX)

Fund Assets	2.58B
Expense Ratio	1.60%
Min. Investment	$1,000
Turnover	34.00%
Dividend (ttm)	0.42
Dividend Yield	4.58%
Dividend Growth	8.33%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 31, 2026

Previous Close	9.28
YTD Return	-2.03%
1-Year Return	-2.12%
5-Year Return	-5.35%
52-Week Low	9.24
52-Week High	9.92
Beta (5Y)	0.40
Holdings	698
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.

• Fund Family: Nomura
• Category: High Yield Muni
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: DVHCX
• Share Class: Class C
• Index: Bloomberg Municipal Bond TR

Performance

DVHCX had a total return of -2.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.66%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
DVHIX	Institutional Class	0.60%
CXHYX	Class A	0.85%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 31, 2026	$0.03562	Aug 31, 2026
Jul 31, 2026	$0.04099	Jul 31, 2026
Jun 30, 2026	$0.03824	Jun 30, 2026
May 29, 2026	$0.03877	May 29, 2026
Apr 30, 2026	$0.0344	Apr 30, 2026
Mar 31, 2026	$0.031	Mar 31, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Sep 20, 2026

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