Macquarie National Hi-Yld Muni Bd Instl (DVHIX)
| Fund Assets | 3.25B |
| Expense Ratio | 0.60% |
| Min. Investment | $0.00 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.49 |
| Dividend Yield | 5.01% |
| Dividend Growth | -3.64% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.87 |
| YTD Return | -2.35% |
| 1-Year Return | -2.78% |
| 5-Year Return | 8.59% |
| 52-Week Low | 9.45 |
| 52-Week High | 10.62 |
| Beta (5Y) | n/a |
| Holdings | 805 |
| Inception Date | Dec 31, 2008 |
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.
Performance
DVHIX had a total return of -2.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.59%.
Top 10 Holdings
12.89% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO COMWLTH 4% | PR.PRC 4 07.01.2046 | 2.11% |
| GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5% | PR.PRCDEV 7.5 08.20.2040 | 1.99% |
| PUERTO RICO COMWLTH 0% | PR.PRC 11.01.2043 | 1.35% |
| TOBACCO SETTLEMENT FING CORP VA 0% | VA.TOBGEN 0 06.01.2047 | 1.31% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 1.14% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2051 | 1.03% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2046 | 1.01% |
| CALIFORNIA EDL FACS AUTH REV 5% | CA.CASEDU 5 05.01.2049 | 1.01% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 9.5% | CA.CASDEV 01.01.2065 | 0.99% |
| GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% | CA.GLDGEN 0 06.01.2066 | 0.95% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.043 | Sep 2, 2025 |
| Jul 31, 2025 | $0.043 | Aug 1, 2025 |
| Jun 30, 2025 | $0.041 | Jul 1, 2025 |
| May 30, 2025 | $0.042 | Jun 2, 2025 |
| Apr 30, 2025 | $0.040 | May 1, 2025 |
| Mar 31, 2025 | $0.041 | Apr 1, 2025 |