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Morningstar

Delaware Ivy Municipal Bond A WMBAX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 10.34  /  0.03 %
  • Total Assets 374.7 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.800%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.56%
  • Effective Duration 9.41 years

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:56 PM GMT+00:00

Morningstar’s Analysis WMBAX

Will WMBAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable WMBAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the WMBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of WMBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Weakness in Delaware Ivy Municipal Bond A's Process and People Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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