Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
0.80% 19.29M 2.71% 16.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
-12.72M -9.79% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks a high level of current income that is not subject to Federal and California income tax. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in a diversified portfolio of municipal securities with income payments that are exempt from Federal and California income taxes. It typically invests at least 50% of its total assets in medium- and lower-quality municipal securities that include securities rated BBB+ by Standard & Poor's, or similarly rated by another NRSRO or, if unrated, in the Manager’s opinion, they are equivalent in quality.
General
Security Type Mutual Fund
Oldest Share Symbol IMHIX
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
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
Gregory Gizzi 0.46 yrs
Jake van Roden 0.46 yrs
Stephen Czepiel 0.46 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: 38
-12.72M
-882.08M Category Low
188.72M 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 April 30, 2022

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)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
--
As of May 20, 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
--
--
8.51%
-0.04%
8.67%
2.97%
2.60%
-11.12%
3.30%
0.25%
5.45%
1.28%
7.54%
5.21%
1.52%
-10.16%
3.97%
0.23%
6.34%
0.11%
7.88%
5.15%
4.07%
-13.01%
4.10%
0.38%
6.92%
0.74%
8.71%
6.50%
1.59%
-12.72%
4.82%
0.08%
8.22%
0.39%
9.34%
3.68%
3.77%
-12.16%
5.09%
0.41%
6.56%
0.03%
7.82%
5.24%
1.40%
-12.63%
As of May 20, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (5-20-22) 2.71%
30-Day SEC Yield (4-29-22) Upgrade
7-Day SEC Yield (5-19-22) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.57%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of March 31, 2022

Asset Allocation

As of March 31, 2022.
Type % Net % Long % Short
Cash 0.70% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 99.30% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
PUERTO RICO ELEC PWR AUTH PWR REV 5%
3.44% -- --
LAMMERSVILLE CALIF JT UNI SCH DIST SPL TAX 5%
2.73% -- --
CALIFORNIA MUN FIN AUTH REV 5%
2.66% -- --
GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5%
2.54% -- --
GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5%
2.49% -- --
CALIFORNIA MUN FIN AUTH REV 5%
2.37% -- --
PUERTO RICO ELEC PWR AUTH PWR REV 5%
2.01% -- --
M-S-R ENERGY AUTH CALIF GAS REV 7%
1.98% -- --
GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%
1.89% -- --
CALIFORNIA SCH FIN AUTH CHARTER SCH REV 5%
1.74% -- --

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 a high level of current income that is not subject to Federal and California income tax. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in a diversified portfolio of municipal securities with income payments that are exempt from Federal and California income taxes. It typically invests at least 50% of its total assets in medium- and lower-quality municipal securities that include securities rated BBB+ by Standard & Poor's, or similarly rated by another NRSRO or, if unrated, in the Manager’s opinion, they are equivalent in quality.
General
Security Type Mutual Fund
Oldest Share Symbol IMHIX
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
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
Gregory Gizzi 0.46 yrs
Jake van Roden 0.46 yrs
Stephen Czepiel 0.46 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (5-20-22) 2.71%
30-Day SEC Yield (4-29-22) Upgrade
7-Day SEC Yield (5-19-22) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.57%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of March 31, 2022

Fund Details

Key Dates
Inception Date 10/3/2016
Last Annual Report Date 9/30/2021
Last Prospectus Date 1/28/2022
Share Classes
IMHCX C
IMHIX Inst
IMHYX Inst
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

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