Delaware Tax-Free CA Institutional (DCTIX)
10.79
-0.02
(-0.18%)
USD |
Mar 20 2023
Key Stats
| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 0.55% | 184.04M | 3.34% | 31.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| 51.06M | -5.23% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks as high a level of current income exempt from federal income tax and from the California state personal income tax as is consistent with preservation of capital. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities the income from which is exempt from federal income tax, including the federal alternative minimum tax, and from California state personal income taxes. It will generally have a dollar-weighted average effective maturity of between 5 and 30 years. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | DVTAX |
| Equity Style | -- |
| Fixed Income Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Category Name | Muni California Long |
| Category Index | Bloomberg Municipal California Exempt TR |
| Global Category Name | US Municipal Fixed Income |
| YCharts Categorization | US Municipal Bond |
| YCharts Benchmark | Bloomberg Municipal Bond (^BBMBTR) |
| Prospectus Objective | Municipal Bond - Single State |
| Fund Owner Firm Name | Delaware Funds by Macquarie |
| Prospectus Benchmark Index | |
| Bloomberg Municipal TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
| Manager Tenure | |
| Stephen Czepiel | 15.64 yrs |
| Gregory Gizzi | 10.18 yrs |
| Jake van Roden | 5.17 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
--
--
Category Low
--
Category High
1 Year
% Rank:
7
51.06M
-1.542B
Category Low
222.54M
Category High
3 Months
% Rank:
--
--
Category Low
--
Category High
3 Years
% Rank:
--
--
Category Low
--
Category High
6 Months
% Rank:
--
--
Category Low
--
Category High
5 Years
% Rank:
--
--
Category Low
--
Category High
YTD
% Rank:
--
--
Category Low
--
Category High
10 Years
% Rank:
--
--
Category Low
--
Category High
As of February 28, 2023
Risk
Performance Versus Category
As of March 17, 2023. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 17, 2023.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%
|
3.49% | -- | -- |
|
GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%
|
3.34% | -- | -- |
|
CALIFORNIA ST 5%
|
2.03% | -- | -- |
|
CALIFORNIA EDL FACS AUTH REV 5%
|
1.71% | -- | -- |
|
TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV 0%
|
1.65% | -- | -- |
|
PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%
|
1.58% | -- | -- |
|
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%
|
1.54% | -- | -- |
|
CALIFORNIA EDL FACS AUTH REV 5.25%
|
1.36% | -- | -- |
|
FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 4%
|
1.31% | -- | -- |
|
SACRAMENTO CNTY CALIF SANTN DIST FING AUTH REV 5%
|
1.29% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | Upgrade |
| Administration Fee | -- |
| Performance Fee | -- |
| Switching Fee | -- |
| Transaction Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
Basic Info
| Investment Strategy | |
| The investment seeks as high a level of current income exempt from federal income tax and from the California state personal income tax as is consistent with preservation of capital. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities the income from which is exempt from federal income tax, including the federal alternative minimum tax, and from California state personal income taxes. It will generally have a dollar-weighted average effective maturity of between 5 and 30 years. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | DVTAX |
| Equity Style | -- |
| Fixed Income Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Category Name | Muni California Long |
| Category Index | Bloomberg Municipal California Exempt TR |
| Global Category Name | US Municipal Fixed Income |
| YCharts Categorization | US Municipal Bond |
| YCharts Benchmark | Bloomberg Municipal Bond (^BBMBTR) |
| Prospectus Objective | Municipal Bond - Single State |
| Fund Owner Firm Name | Delaware Funds by Macquarie |
| Prospectus Benchmark Index | |
| Bloomberg Municipal TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
| Manager Tenure | |
| Stephen Czepiel | 15.64 yrs |
| Gregory Gizzi | 10.18 yrs |
| Jake van Roden | 5.17 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (3-17-23) | 3.34% |
| 30-Day SEC Yield (2-28-23) | Upgrade |
| 7-Day SEC Yield (3-20-23) | Upgrade |
| Number of Holdings | Upgrade |
| Bond | |
| Current Yield | 4.81% |
| Yield to Maturity | Upgrade |
| Effective Duration | Upgrade |
| Average Coupon | Upgrade |
| Average Credit Score | Upgrade |
| Average Price | Upgrade |
As of January 31, 2023
Fund Details
| Key Dates | |
| Inception Date | 12/31/2013 |
| Last Annual Report Date | 8/31/2022 |
| Last Prospectus Date | 12/29/2022 |
| Share Classes | |
| DVFTX | C |
| DVTAX | A |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |