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Morningstar

Delaware Ivy Municipal Bond C WMBCX

Morningstar Analyst Rating
Quantitative rating as of | See Macquarie Investment Hub
  • NAV / 1-Day Return 10.41  /  0.17 %
  • Total Assets 376.9 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 1.550%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.63%
  • Effective Duration 9.41 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:51 PM GMT+00:00

Morningstar’s Analysis WMBCX

Will WMBCX 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 WMBCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the WMBCX 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 WMBCX’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 C'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 most expensive quintile among peers.

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