Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
0.82% 140.06M 2.83% 14.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
16.12M 2.26% 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 Low Quality/Moderate Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni California Long
Category Index Bloomberg Municipal California Exempt TR
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 14.47 yrs
Gregory Gizzi 9.02 yrs
Jake van Roden 4.01 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 66
16.12M
-111.38M Category Low
297.02M 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 December 31, 2021

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
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--
--
--
--
--
--
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% Rank in Cat (NAV)
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As of January 21, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
3.97%
0.23%
6.34%
0.11%
7.88%
5.15%
4.07%
-1.36%
3.30%
0.25%
5.45%
1.28%
7.54%
5.21%
1.52%
-1.38%
--
--
8.51%
-0.04%
8.67%
2.97%
2.60%
-1.08%
4.10%
0.38%
6.92%
0.74%
8.71%
6.50%
1.59%
-1.37%
3.18%
-0.57%
5.51%
0.34%
7.25%
4.15%
1.42%
-1.40%
3.64%
-0.23%
5.94%
0.32%
7.82%
5.10%
1.95%
-1.59%
As of January 21, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-21-22) 2.83%
30-Day SEC Yield (12-31-21) Upgrade
7-Day SEC Yield (1-20-22) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.56%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of November 30, 2021

Asset Allocation

As of November 30, 2021.
Type % Net % Long % Short
Cash 0.00% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 100.1% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other -0.07% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%
2.72% -- --
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%
2.57% -- --
CALIFORNIA ST 5%
2.47% -- --
TOBACCO SECURITIZATION AUTH SOUTHN CALIF TOB SETTLEMENT REV 0%
2.37% -- --
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%
2.36% -- --
CALIFORNIA EDL FACS AUTH REV 5.25%
2.04% -- --
GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%
1.88% -- --
GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5%
1.79% -- --
CALIFORNIA HEALTH FACS FING AUTH REV 2.125%
1.74% -- --
CALIFORNIA EDL FACS AUTH REV 5%
1.69% -- --

Fees & Availability

Fees
Actual 12B-1 Fee Upgrade
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load Upgrade
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment 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 Low Quality/Moderate Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni California Long
Category Index Bloomberg Municipal California Exempt TR
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 14.47 yrs
Gregory Gizzi 9.02 yrs
Jake van Roden 4.01 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-21-22) 2.83%
30-Day SEC Yield (12-31-21) Upgrade
7-Day SEC Yield (1-20-22) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.56%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of November 30, 2021

Fund Details

Key Dates
Inception Date 3/2/1995
Last Annual Report Date 8/31/2021
Last Prospectus Date 12/29/2021
Share Classes
DCTIX Inst
DVFTX C
Attributes
Enhanced Index Fund No
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

Top Portfolio Holders

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