Delaware Investments National Municipal Income Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.2%
1 yr return
-0.1%
3 Yr Avg Return
-8.1%
5 Yr Avg Return
-3.8%
Net Assets
$274 M
Holdings in Top 10
24.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.57%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 75.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XVFLX - Profile
Distributions
- YTD Total Return -3.2%
- 3 Yr Annualized Total Return -8.1%
- 5 Yr Annualized Total Return -3.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.45%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDelaware Investments National Municipal Income Fund
-
Fund Family NameMacquarie
-
Inception DateNov 09, 2007
-
Shares Outstanding20956695
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDenise Franchetti
Fund Description
XVFLX - Performance
Return Ranking - Trailing
Period | XVFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.2% | -4.7% | 10.2% | 97.08% |
1 Yr | -0.1% | -3.9% | 31.6% | 95.20% |
3 Yr | -8.1%* | -11.3% | 2.5% | 98.87% |
5 Yr | -3.8%* | -6.0% | 1102.0% | 98.89% |
10 Yr | 0.6%* | -0.4% | 248.1% | 94.67% |
* Annualized
Return Ranking - Calendar
Period | XVFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.8% | -1.4% | 41.0% | 15.40% |
2022 | -23.0% | -39.7% | 0.3% | 98.81% |
2021 | 2.2% | -5.6% | 6.9% | 2.59% |
2020 | 0.8% | -2.6% | 310.0% | 84.80% |
2019 | 4.9% | 0.0% | 26.0% | 14.96% |
Total Return Ranking - Trailing
Period | XVFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.2% | -4.7% | 10.2% | 97.08% |
1 Yr | -0.1% | -3.9% | 31.6% | 95.20% |
3 Yr | -8.1%* | -11.3% | 2.5% | 98.87% |
5 Yr | -3.8%* | -6.0% | 1102.0% | 98.89% |
10 Yr | 0.6%* | -0.4% | 248.1% | 94.67% |
* Annualized
Total Return Ranking - Calendar
Period | XVFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.8% | -1.3% | 41.0% | 87.59% |
2022 | -23.0% | -39.7% | 1.1% | 99.01% |
2021 | 2.2% | -4.8% | 23761504.0% | 34.64% |
2020 | 0.8% | -1.5% | 17057.9% | 96.88% |
2019 | 7.1% | 0.2% | 3514.6% | 32.43% |
NAV & Total Return History
XVFLX - Holdings
Concentration Analysis
XVFLX | Category Low | Category High | XVFLX % Rank | |
---|---|---|---|---|
Net Assets | 274 M | 3.22 M | 71.9 B | 62.23% |
Number of Holdings | 417 | 2 | 13067 | 29.86% |
Net Assets in Top 10 | 63.9 M | -317 M | 3.4 B | 56.69% |
Weighting of Top 10 | 24.16% | 1.9% | 100.4% | 24.19% |
Top 10 Holdings
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 4.77%
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% 4.53%
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% 3.04%
- PUERTO RICO COMWLTH 8% 2.61%
- ESCAMBIA CNTY FLA HEALTH FACS AUTH HEALTH FAC REV 4% 2.53%
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% 2.48%
- PUERTO RICO COMWLTH 8% 2.30%
- IDAHO HEALTH FACS AUTH REV 5% 2.27%
- METROPOLITAN PIER & EXPOSITION AUTH ILL REV 4% 2.22%
- ARIZONA INDL DEV AUTH HOSP REV 4% 2.22%
Asset Allocation
Weighting | Return Low | Return High | XVFLX % Rank | |
---|---|---|---|---|
Bonds | 150.86% | 0.00% | 150.86% | 0.06% |
Stocks | 0.00% | 0.00% | 99.81% | 31.46% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 21.65% |
Other | 0.00% | -8.54% | 33.35% | 26.83% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 21.74% |
Cash | -50.86% | -50.86% | 50.09% | 100.00% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XVFLX % Rank | |
---|---|---|---|---|
Municipal | 99.89% | 44.39% | 100.00% | 17.72% |
Cash & Equivalents | 0.11% | 0.00% | 48.02% | 50.10% |
Derivative | 0.00% | -8.54% | 23.38% | 24.31% |
Securitized | 0.00% | 0.00% | 5.93% | 22.91% |
Corporate | 0.00% | 0.00% | 9.41% | 33.74% |
Government | 0.00% | 0.00% | 52.02% | 28.03% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XVFLX % Rank | |
---|---|---|---|---|
US | 126.97% | 0.00% | 142.23% | 0.58% |
Non US | 23.89% | 0.00% | 23.89% | 0.06% |
XVFLX - Expenses
Operational Fees
XVFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.57% | 0.01% | 20.65% | 11.46% |
Management Fee | 0.40% | 0.00% | 1.20% | 39.41% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
XVFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
XVFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
XVFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 75.00% | 0.00% | 283.00% | 97.19% |
XVFLX - Distributions
Dividend Yield Analysis
XVFLX | Category Low | Category High | XVFLX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 14.56% | 96.64% |
Dividend Distribution Analysis
XVFLX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
XVFLX | Category Low | Category High | XVFLX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.45% | -0.53% | 5.33% | 4.65% |
Capital Gain Distribution Analysis
XVFLX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 28, 2019 | $0.050 | OrdinaryDividend |
May 31, 2019 | $0.050 | OrdinaryDividend |
Apr 26, 2019 | $0.050 | OrdinaryDividend |
Mar 29, 2019 | $0.050 | OrdinaryDividend |
Feb 22, 2019 | $0.050 | OrdinaryDividend |
Jan 25, 2019 | $0.050 | OrdinaryDividend |
Dec 28, 2018 | $0.050 | OrdinaryDividend |
Nov 30, 2018 | $0.050 | OrdinaryDividend |
Oct 26, 2018 | $0.050 | OrdinaryDividend |
Sep 28, 2018 | $0.050 | OrdinaryDividend |
Aug 31, 2018 | $0.050 | OrdinaryDividend |
Jul 27, 2018 | $0.050 | OrdinaryDividend |
Jun 29, 2018 | $0.050 | OrdinaryDividend |
May 25, 2018 | $0.050 | OrdinaryDividend |
Apr 27, 2018 | $0.050 | OrdinaryDividend |
Mar 29, 2018 | $0.050 | OrdinaryDividend |
Feb 23, 2018 | $0.050 | OrdinaryDividend |
Jan 26, 2018 | $0.050 | OrdinaryDividend |
Dec 29, 2017 | $0.050 | OrdinaryDividend |
Nov 24, 2017 | $0.050 | OrdinaryDividend |
Oct 27, 2017 | $0.050 | OrdinaryDividend |
Sep 29, 2017 | $0.050 | OrdinaryDividend |
Aug 25, 2017 | $0.050 | OrdinaryDividend |
Jul 28, 2017 | $0.050 | OrdinaryDividend |
Jun 30, 2017 | $0.050 | OrdinaryDividend |
May 26, 2017 | $0.050 | OrdinaryDividend |
Apr 28, 2017 | $0.050 | OrdinaryDividend |
Mar 31, 2017 | $0.050 | OrdinaryDividend |
Feb 24, 2017 | $0.055 | OrdinaryDividend |
Jan 27, 2017 | $0.055 | OrdinaryDividend |
Dec 30, 2016 | $0.055 | OrdinaryDividend |
Nov 25, 2016 | $0.055 | OrdinaryDividend |
Oct 28, 2016 | $0.055 | OrdinaryDividend |
Sep 30, 2016 | $0.055 | OrdinaryDividend |
Aug 26, 2016 | $0.060 | OrdinaryDividend |
Jul 29, 2016 | $0.060 | OrdinaryDividend |
Jun 24, 2016 | $0.060 | OrdinaryDividend |
May 27, 2016 | $0.060 | OrdinaryDividend |
Apr 29, 2016 | $0.060 | OrdinaryDividend |
Mar 28, 2016 | $0.060 | OrdinaryDividend |
Feb 26, 2016 | $0.060 | OrdinaryDividend |
Jan 29, 2016 | $0.060 | OrdinaryDividend |
Dec 31, 2015 | $0.060 | OrdinaryDividend |
Nov 27, 2015 | $0.065 | OrdinaryDividend |
Oct 30, 2015 | $0.065 | OrdinaryDividend |
Sep 25, 2015 | $0.065 | OrdinaryDividend |
Aug 28, 2015 | $0.065 | OrdinaryDividend |
Jul 31, 2015 | $0.065 | OrdinaryDividend |
Jun 26, 2015 | $0.065 | OrdinaryDividend |
May 29, 2015 | $0.065 | OrdinaryDividend |
Apr 24, 2015 | $0.065 | OrdinaryDividend |
Mar 27, 2015 | $0.065 | OrdinaryDividend |
Feb 27, 2015 | $0.065 | OrdinaryDividend |
Jan 30, 2015 | $0.065 | OrdinaryDividend |
Dec 26, 2014 | $0.065 | OrdinaryDividend |
Nov 28, 2014 | $0.065 | OrdinaryDividend |
Oct 31, 2014 | $0.065 | OrdinaryDividend |
Sep 26, 2014 | $0.065 | OrdinaryDividend |
Aug 29, 2014 | $0.065 | OrdinaryDividend |
Jul 25, 2014 | $0.065 | OrdinaryDividend |
Jun 27, 2014 | $0.065 | OrdinaryDividend |
May 30, 2014 | $0.060 | OrdinaryDividend |
Apr 25, 2014 | $0.060 | OrdinaryDividend |
Mar 28, 2014 | $0.060 | OrdinaryDividend |
Feb 28, 2014 | $0.060 | OrdinaryDividend |
Jan 31, 2014 | $0.060 | OrdinaryDividend |
Dec 27, 2013 | $0.060 | OrdinaryDividend |
Nov 29, 2013 | $0.060 | OrdinaryDividend |
Oct 25, 2013 | $0.060 | OrdinaryDividend |
Sep 27, 2013 | $0.060 | OrdinaryDividend |
Aug 30, 2013 | $0.060 | OrdinaryDividend |
Jul 26, 2013 | $0.060 | OrdinaryDividend |
Jun 28, 2013 | $0.060 | OrdinaryDividend |
May 31, 2013 | $0.055 | OrdinaryDividend |
Apr 26, 2013 | $0.055 | OrdinaryDividend |
Mar 22, 2013 | $0.055 | OrdinaryDividend |
Feb 22, 2013 | $0.055 | OrdinaryDividend |
Jan 25, 2013 | $0.055 | OrdinaryDividend |
Dec 28, 2012 | $0.055 | OrdinaryDividend |
Nov 30, 2012 | $0.055 | OrdinaryDividend |
Oct 26, 2012 | $0.055 | OrdinaryDividend |
Sep 28, 2012 | $0.055 | OrdinaryDividend |
Aug 31, 2012 | $0.045 | OrdinaryDividend |
Jul 27, 2012 | $0.045 | OrdinaryDividend |
Jun 29, 2012 | $0.045 | OrdinaryDividend |
May 25, 2012 | $0.045 | OrdinaryDividend |
Apr 27, 2012 | $0.045 | OrdinaryDividend |
Mar 30, 2012 | $0.045 | OrdinaryDividend |
Feb 24, 2012 | $0.045 | OrdinaryDividend |
Jan 27, 2012 | $0.045 | OrdinaryDividend |
Dec 30, 2011 | $0.045 | OrdinaryDividend |
Nov 25, 2011 | $0.045 | OrdinaryDividend |
Oct 28, 2011 | $0.045 | OrdinaryDividend |
Sep 30, 2011 | $0.045 | OrdinaryDividend |
Aug 26, 2011 | $0.045 | OrdinaryDividend |
Jul 29, 2011 | $0.045 | OrdinaryDividend |
Jun 24, 2011 | $0.045 | OrdinaryDividend |
May 27, 2011 | $0.045 | OrdinaryDividend |
Apr 29, 2011 | $0.045 | OrdinaryDividend |
Mar 25, 2011 | $0.045 | OrdinaryDividend |
Feb 25, 2011 | $0.045 | OrdinaryDividend |
Jan 28, 2011 | $0.045 | OrdinaryDividend |
Dec 31, 2010 | $0.045 | OrdinaryDividend |
Nov 26, 2010 | $0.045 | OrdinaryDividend |
Oct 29, 2010 | $0.045 | OrdinaryDividend |
Sep 24, 2010 | $0.045 | OrdinaryDividend |
Aug 27, 2010 | $0.043 | OrdinaryDividend |
Jul 30, 2010 | $0.043 | OrdinaryDividend |
Jun 25, 2010 | $0.043 | OrdinaryDividend |
May 28, 2010 | $0.043 | OrdinaryDividend |
Apr 30, 2010 | $0.043 | OrdinaryDividend |
Mar 26, 2010 | $0.043 | OrdinaryDividend |
Feb 26, 2010 | $0.043 | OrdinaryDividend |
Jan 29, 2010 | $0.043 | OrdinaryDividend |
Dec 24, 2009 | $0.043 | OrdinaryDividend |
Nov 27, 2009 | $0.043 | OrdinaryDividend |
Oct 30, 2009 | $0.043 | OrdinaryDividend |
Sep 25, 2009 | $0.043 | OrdinaryDividend |
Aug 28, 2009 | $0.043 | OrdinaryDividend |
Jul 31, 2009 | $0.043 | OrdinaryDividend |
Jun 26, 2009 | $0.043 | OrdinaryDividend |
May 29, 2009 | $0.043 | OrdinaryDividend |
Apr 24, 2009 | $0.043 | OrdinaryDividend |
Mar 27, 2009 | $0.043 | OrdinaryDividend |
Feb 27, 2009 | $0.043 | OrdinaryDividend |
Jan 30, 2009 | $0.043 | OrdinaryDividend |
Dec 26, 2008 | $0.048 | OrdinaryDividend |
Nov 28, 2008 | $0.048 | OrdinaryDividend |
Oct 31, 2008 | $0.048 | OrdinaryDividend |
Sep 26, 2008 | $0.048 | OrdinaryDividend |
Aug 29, 2008 | $0.048 | OrdinaryDividend |
Jul 25, 2008 | $0.048 | OrdinaryDividend |
Jun 27, 2008 | $0.048 | OrdinaryDividend |
May 30, 2008 | $0.053 | OrdinaryDividend |
Apr 25, 2008 | $0.053 | OrdinaryDividend |
Mar 28, 2008 | $0.053 | OrdinaryDividend |
Feb 29, 2008 | $0.053 | OrdinaryDividend |
Jan 25, 2008 | $0.053 | OrdinaryDividend |
Dec 28, 2007 | $0.053 | OrdinaryDividend |
Nov 30, 2007 | $0.053 | OrdinaryDividend |
Oct 26, 2007 | $0.053 | OrdinaryDividend |
Aug 31, 2007 | $0.060 | OrdinaryDividend |
Jul 27, 2007 | $0.060 | OrdinaryDividend |
Jun 29, 2007 | $0.060 | OrdinaryDividend |
May 25, 2007 | $0.060 | OrdinaryDividend |
Apr 27, 2007 | $0.060 | OrdinaryDividend |
Mar 30, 2007 | $0.060 | OrdinaryDividend |
Feb 23, 2007 | $0.060 | OrdinaryDividend |
Jan 26, 2007 | $0.060 | OrdinaryDividend |
Nov 24, 2006 | $0.070 | OrdinaryDividend |
Oct 27, 2006 | $0.070 | OrdinaryDividend |
Aug 25, 2006 | $0.070 | OrdinaryDividend |
Jul 28, 2006 | $0.070 | OrdinaryDividend |
Jun 30, 2006 | $0.070 | OrdinaryDividend |
May 26, 2006 | $0.080 | OrdinaryDividend |
Apr 28, 2006 | $0.080 | OrdinaryDividend |
Mar 31, 2006 | $0.080 | OrdinaryDividend |
Feb 24, 2006 | $0.080 | OrdinaryDividend |
Jan 27, 2006 | $0.080 | OrdinaryDividend |
Nov 25, 2005 | $0.080 | OrdinaryDividend |
Oct 28, 2005 | $0.080 | OrdinaryDividend |
Aug 26, 2005 | $0.080 | OrdinaryDividend |
Jul 29, 2005 | $0.080 | OrdinaryDividend |
Jun 24, 2005 | $0.080 | OrdinaryDividend |
May 27, 2005 | $0.085 | OrdinaryDividend |
Apr 29, 2005 | $0.085 | OrdinaryDividend |
Mar 25, 2005 | $0.085 | OrdinaryDividend |
Feb 25, 2005 | $0.085 | OrdinaryDividend |
Jan 28, 2005 | $0.085 | OrdinaryDividend |
Nov 26, 2004 | $0.085 | OrdinaryDividend |
Oct 29, 2004 | $0.085 | OrdinaryDividend |
Sep 24, 2004 | $0.085 | OrdinaryDividend |
Aug 27, 2004 | $0.085 | OrdinaryDividend |
Jul 30, 2004 | $0.085 | OrdinaryDividend |
Jun 25, 2004 | $0.085 | OrdinaryDividend |
May 28, 2004 | $0.085 | OrdinaryDividend |
Apr 30, 2004 | $0.085 | OrdinaryDividend |
Mar 26, 2004 | $0.085 | OrdinaryDividend |
Feb 27, 2004 | $0.085 | OrdinaryDividend |
Jan 30, 2004 | $0.085 | OrdinaryDividend |
Nov 28, 2003 | $0.085 | OrdinaryDividend |
Oct 31, 2003 | $0.085 | OrdinaryDividend |
Aug 29, 2003 | $0.080 | OrdinaryDividend |
Jul 25, 2003 | $0.080 | OrdinaryDividend |
Jun 27, 2003 | $0.080 | OrdinaryDividend |
May 30, 2003 | $0.080 | OrdinaryDividend |
Apr 25, 2003 | $0.080 | OrdinaryDividend |
Mar 28, 2003 | $0.080 | OrdinaryDividend |
Feb 28, 2003 | $0.080 | OrdinaryDividend |
Jan 31, 2003 | $0.080 | OrdinaryDividend |
Dec 27, 2002 | $0.080 | OrdinaryDividend |
Nov 29, 2002 | $0.080 | OrdinaryDividend |
Oct 25, 2002 | $0.080 | OrdinaryDividend |
Sep 27, 2002 | $0.080 | OrdinaryDividend |
Aug 30, 2002 | $0.080 | OrdinaryDividend |
Jul 26, 2002 | $0.080 | OrdinaryDividend |
Jun 28, 2002 | $0.080 | OrdinaryDividend |
May 31, 2002 | $0.070 | OrdinaryDividend |
Apr 26, 2002 | $0.070 | OrdinaryDividend |
Mar 28, 2002 | $0.070 | OrdinaryDividend |
Feb 22, 2002 | $0.070 | OrdinaryDividend |
Jan 25, 2002 | $0.070 | OrdinaryDividend |
Dec 28, 2001 | $0.070 | OrdinaryDividend |
XVFLX - Fund Manager Analysis
Managers
Denise Franchetti
Start Date
Tenure
Tenure Rank
Jan 03, 2003
19.42
19.4%
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
14.93
14.9%
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
Mar 01, 2012
10.25
10.3%
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
3.32
3.3%
Delaware Management Company Senior Vice President, Head of Municipal Trading, Portfolio Manager 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. In February 2019, his portfolio management role expanded to include the closed-end municipal bond funds and the three national municipal open-end funds.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 |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |