If you’ve been stuck searching for Muni – Bonds funds, consider Delaware National High Yield Municipals A (CXHYX) as a possibility. CXHYX has a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on various forecasting factors like size, cost, and past performance.

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We classify CXHYX in the Muni – Bonds category, an area rife with potential choices. Muni – Bonds funds focus their investments on debt securities issued by state and local governments. These are typically used to pay for the construction of infrastructure, the operation of public schools, and other municipal functions. These securities can come in the form of revenue bonds, which are backed by taxes, as well as ” general obligation ” bonds that are not backed by a defined source. Investors are usually interested that come with most municipal bonds, which can be especially important for those in higher tax brackets.

Delaware Investments is based in Philadelphia, PA, and is the manager of CXHYX. Delaware National High Yield Municipals A made its debut in September of 1986, and since then, CXHYX has accumulated about $735.25 million in assets, per the most up-to-date date available. The fund is currently managed by a team of investment professionals.

Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 2.47%, and is in the top third among its category peers. If you’re interested in shorter time frames, do not dismiss looking at the fund’s 3 -year annualized total return of -0.18%, which places it in the top third during this time-frame.

It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower.

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When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of CXHYX over the past three years is 11.13% compared to the category average of 12.42%. The standard deviation of the fund over the past 5 years is 10.93% compared to the category average of 13.04%. This makes the fund less volatile than its peers over the past half-decade.

With a beta of 1.02, this fund is more volatile than a broad market index of fixed income securities. Taking this into account, CXHYX has a positive alpha of 2.03, which measures performance on a risk-adjusted basis.

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