XVCFX: Delaware Invest CO Muni Income

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XVCFX Delaware Invest CO Muni Income


Profile

XVCFX - Profile

Vitals

  • YTD Return 1.7%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $72.8 M
  • Holdings in Top 10 33.7%

52 WEEK LOW AND HIGH

$15.32
$14.59
$15.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.14%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 7.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Closed-end mutual fund
  • Investment Style Muni Single State Long

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.98%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Delaware Investments Colorado Municipal Income Fund
  • Fund Family Name
    Delaware Funds by Macquarie
  • Inception Date
    Jul 29, 1993
  • Shares Outstanding
    4837100
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Denise Franchetti

Fund Description

N/A


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Categories

Performance

XVCFX - Performance

Return Ranking - Trailing

Period XVCFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% 0.0% 1.7% 1.28%
1 Yr 5.0% 0.1% 11.6% 40.00%
3 Yr 1.0%* -1.0% 7.5% 62.16%
5 Yr -0.5%* -1.2% 5.9% 86.49%
10 Yr 0.9%* -0.6% 6.2% 36.36%

* Annualized

Return Ranking - Calendar

Period XVCFX Return Category Return Low Category Return High Rank in Category (%)
2019 3.2% 0.0% 8.0% 68.00%
2018 -4.2% -4.8% 7.4% 97.33%
2017 2.6% -6.5% 3.5% 4.05%
2016 -4.2% -6.4% -1.1% 86.49%
2015 0.6% -4.7% 0.6% 1.35%

Total Return Ranking - Trailing

Period XVCFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% 0.0% 1.7% 1.28%
1 Yr 5.0% 0.1% 9.8% 28.00%
3 Yr 1.0%* -1.0% 6.8% 62.16%
5 Yr -0.5%* -1.2% 5.1% 86.49%
10 Yr 0.9%* -0.6% 5.7% 36.36%

* Annualized

Total Return Ranking - Calendar

Period XVCFX Return Category Return Low Category Return High Rank in Category (%)
2019 3.2% 0.0% 8.5% 68.00%
2018 -4.2% -4.8% 7.3% 97.33%
2017 2.6% -6.5% 3.5% 4.05%
2016 -4.2% -6.4% -1.1% 89.19%
2015 0.6% -4.7% 0.6% 1.35%

NAV & Total Return History


Holdings

XVCFX - Holdings

Concentration Analysis

XVCFX Category Low Category High XVCFX % Rank
Net Assets 72.8 M 55.7 M 1.76 B 94.87%
Number of Holdings 115 49 564 76.62%
Net Assets in Top 10 24.8 M 9.28 M 336 M 80.52%
Weighting of Top 10 33.70% 10.2% 42.5% 6.49%

Top 10 Holdings

  1. REGIONAL TRANSN DIST COLO SALES TAX REV 5% 5.75%
  2. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% 3.61%
  3. COLORADO HEALTH FACS AUTH REV 5% 3.41%
  4. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% 3.22%
  5. COLORADO HEALTH FACS AUTH REV 5.5% 3.12%
  6. REGIONAL TRANSN DIST COLO PRIVATE ACTIVITY REV 6% 3.02%
  7. COLORADO HEALTH FACS AUTH REV 4% 3.01%
  8. DENVER COLO CITY & CNTY ARPT REV 5% 2.98%
  9. COLORADO HEALTH FACS AUTH REV 5% 2.81%
  10. AURORA COLO HOSP REV 5% 2.76%

Asset Allocation

Weighting Return Low Return High XVCFX % Rank
Bonds
139.76% 17.56% 139.76% 1.28%
Other
1.03% -7.55% 26.55% 12.99%
Stocks
0.00% 0.00% 0.00% 64.10%
Preferred Stocks
0.00% 0.00% 0.00% 64.94%
Convertible Bonds
0.00% 0.00% 0.00% 64.94%
Cash
-40.79% -40.79% 82.44% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High XVCFX % Rank
Municipal
100.00% 17.56% 100.92% 11.69%
Derivative
0.00% 0.00% 0.00% 64.94%
Cash & Equivalents
0.00% 0.00% 82.44% 92.21%
Securitized
0.00% 0.00% 11.28% 64.94%
Corporate
0.00% -1.04% 0.47% 63.64%
Government
0.00% -2.21% 0.13% 63.64%

Bond Geographic Breakdown

Weighting Return Low Return High XVCFX % Rank
US
132.28% 17.56% 132.28% 1.30%
Non US
7.48% 0.00% 22.85% 31.17%

Expenses

XVCFX - Expenses

Operational Fees

XVCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.14% 0.33% 2.75% 6.49%
Management Fee 0.40% 0.30% 0.80% 8.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.30% N/A

Sales Fees

XVCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

XVCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XVCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 4.67% 67.00% 8.97%

Distributions

XVCFX - Distributions

Dividend Yield Analysis

XVCFX Category Low Category High XVCFX % Rank
Dividend Yield 0.98% 0.00% 2.10% 20.51%

Dividend Distribution Analysis

XVCFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

XVCFX Category Low Category High XVCFX % Rank
Net Income Ratio 3.98% 1.05% 4.59% 10.39%

Capital Gain Distribution Analysis

XVCFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

XVCFX - Fund Manager Analysis

Managers

Denise Franchetti


Start Date

Tenure

Tenure Rank

Nov 01, 2004

15.17

15.2%

Franchetti is vice president and portfolio manager for Delaware Investments, her employer since 1997. Previously, she worked as an investment analyst for General Accident Insurance Company. Franchetti has earned the right to use the Chartered Financial Analyst designation.

Stephen Czepiel


Start Date

Tenure

Tenure Rank

Jul 01, 2007

12.51

12.5%

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.

Gregory Gizzi


Start Date

Tenure

Tenure Rank

Nov 15, 2011

8.13

8.1%

Gregory A. Gizzi Senior Vice President, Head of Municipal Bonds, Senior Portfolio Manager Gregory A. Gizzi is head of municipal bonds in the Americas, a role he assumed in February 2019. In this role, he is responsible for the overall operation of the strategy and is team lead on several of the tax-exempt strategies. Additionally, Gizzi continues to be responsible for the taxable municipal business and the marketing efforts for the municipal product. Previously, Gizzi was co-portfolio manager of the firm’s municipal bond funds and several client accounts, a role he held since November 2011. Before joining Macquarie Investment Management (MIM) in January 2008 as head of municipal bond trading, he spent six years as a vice president at Lehman Brothers for the firm’s tax-exempt institutional sales effort. Prior to that, he spent two years trading corporate bonds for UBS before joining Lehman Brothers in a sales capacity. Gizzi has more than 20 years of trading experience in the municipal securities industry, beginning at Kidder Peabody in 1984, where he started as a municipal bond trader and worked his way up to institutional block trading desk manager. He later worked in the same capacity at Dillon Read. Gizzi earned his bachelor’s degree in economics from Harvard University.

Jake van Roden


Start Date

Tenure

Tenure Rank

Feb 05, 2019

0.9

0.9%

Jake van Roden is head of Macquarie’s municipal trading team. He is also a portfolio manager for the firm’s nine open-end state-specific municipal bond funds, as well as for several municipal bond client accounts, a role he assumed in December 2017. He joined the municipal department in July 2004 as a generalist and became head of municipal trading in December 2012. Before that, van Roden interned at Macquarie Investment Management (MIM), which includes the former Delaware Investments, in the client services department. He received a bachelor’s degree in American studies with a minor in government from Franklin & Marshall College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 29.18 5.85 0.11