Macquarie National Hi-Yld Muni Bd Instl (DVHIX)
| Fund Assets | 3.26B |
| Expense Ratio | 0.60% |
| Min. Investment | $1,000 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.50 |
| Dividend Yield | 5.06% |
| Dividend Growth | -3.31% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 9.85 |
| YTD Return | 0.35% |
| 1-Year Return | -1.45% |
| 5-Year Return | 6.82% |
| 52-Week Low | 9.21 |
| 52-Week High | 10.01 |
| Beta (5Y) | n/a |
| Holdings | 788 |
| 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 -1.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.43%.
Top 10 Holdings
12.78% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO COMWLTH 4% | PR.PRC 4 07.01.2046 | 2.18% |
| GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5% | PR.PRCDEV 7.5 08.20.2040 | 1.83% |
| TOBACCO SETTLEMENT FING CORP VA 0% | VA.TOBGEN 0 06.01.2047 | 1.36% |
| PUERTO RICO COMWLTH 0% | PR.PRC 11.01.2043 | 1.36% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2046 | 1.14% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2051 | 1.06% |
| GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% | CA.GLDGEN 0 06.01.2066 | 1.03% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 1.02% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% | PR.PRCGEN 4.75 07.01.2053 | 0.94% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 9.5% | CA.CASDEV 01.01.2065 | 0.87% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.043 | Nov 28, 2025 |
| Oct 31, 2025 | $0.043 | Oct 31, 2025 |
| Sep 30, 2025 | $0.042 | Oct 1, 2025 |
| Aug 29, 2025 | $0.043 | Sep 2, 2025 |
| Jul 31, 2025 | $0.043 | Aug 1, 2025 |
| Jun 30, 2025 | $0.041 | Jul 1, 2025 |