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Delaware Ivy Municipal High Income Fund (IYIYX)

Nasdaq - Nasdaq Delayed Price. Currency in USD
4.42000.0000 (0.00%)
At close: 08:00PM EST

Delaware Ivy Municipal High Income Fund

Ivy Funds Inc

6300 Lamar Ave

Overland Park, KS 66202

Management Information
Stephen J. Czepiel,Lead Manager since April 30, 2021
Stephen J. Czepiel Senior Vice President, Head of Municipal Bonds Portfolio Management, Senior Portfolio Manager Stephen J. Czepiel leads the portfolio management of the firm’s municipal bonds strategies, a role he assumed in February 2019. He is a co-portfolio manager of the firm’s municipal bond funds and client accounts, a role he has held since August 2007. He joined Macquarie Investment Management (MIM) in July 2004 as a senior bond trader. Previously, he was vice president at both Mesirow Financial and Loop Capital Markets. He began his career in the securities industry in 1982 as a municipal bond trader at Kidder Peabody and now has more than 20 years of experience in the municipal securities industry. Czepiel earned his bachelor’s degree in finance and economics from Duquesne University.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryHigh Yield Muni
Fund FamilyDelaware Funds by Macquarie
Net Assets691.04M
YTD Return-18.74%
Morningstar Rating★★★
Inception DateMay 17, 2009

Fund Operations

Last Dividend0.01
Last Cap Gain0.00
Holdings TurnoverN/A
Average for CategoryN/A

Fees & Expenses

ExpenseIYIYXCategory Average
Annual Report Expense Ratio (net)0.00%0.92%
Prospectus Net Expense Ratio0.00%N/A
Prospectus Gross Expense Ratio0.00%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A3.71%
Max Deferred Sales LoadN/A1.38%
3 Yr Expense Projection0N/A
5 Yr Expense Projection0N/A
10 Yr Expense Projection0N/A