DVHIX Performance — Macquarie National High-Yield Municipal Bond Fund, Institutional Class
Data updated: 2026-07-27
DVHIX returned +2.39% year to date and +5.79% over one year to May 2026. Annualised returns are +4.60% over 3 years and +0.81% over 5 years. The fund trailed its High Yield Bond category average: $100 invested three years ago grew to $114, against $126 for the category, and to $106 over one year, against $107. Volatility over the past three years was 8.31% a year. In the 12 months to May 2026 the fund lost a net $588.6M, and assets reached $2.83B.
DVHIX Growth of $100
What $100 invested in Macquarie National High-Yield Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | DVHIX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $107 |
| 3 years (Jun 2023 – May 2026) | $114 | $126 |
| 5 years (Jun 2021 – May 2026) | $104 | $120 |
| Since data start (Sep 2019 – May 2026) | $116 | $132 |
DVHIX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.39% |
| 1 year | +5.79% |
| 3 years (annualised) | +4.60% |
| 5 years (annualised) | +0.81% |
DVHIX Annual Returns
Calendar-year total returns of Macquarie National High-Yield Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.39% |
| 2025 | +0.37% |
| 2024 | +5.23% |
| 2023 | +8.96% |
| 2022 | −14.56% |
| 2021 | +8.09% |
| 2020 | +6.25% |
| 2019 (Sep–Dec) | +0.37% |
DVHIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +1.3% | −2.1% | +1.8% | +0.7% | — | — | — | — | — | — | — |
| 2025 | +0.7% | +1.4% | −2.4% | −2.0% | −0.6% | +0.4% | −2.2% | +0.8% | +4.0% | +0.9% | +0.2% | −0.8% |
| 2024 | +0.7% | +0.8% | +0.4% | −1.4% | +0.7% | +2.6% | +0.9% | +1.0% | +1.4% | −1.8% | +1.8% | −1.9% |
| 2023 | +4.7% | −3.5% | +1.5% | +1.0% | −0.6% | +1.4% | −0.1% | −2.0% | −4.2% | −2.6% | +9.3% | +4.5% |
| 2022 | −2.8% | −0.7% | −3.4% | −4.0% | +2.0% | −4.4% | +4.5% | −2.7% | −6.6% | −2.3% | +6.2% | −0.7% |
| 2021 | +1.8% | −1.3% | +0.8% | +1.6% | +1.6% | +1.4% | +1.2% | −0.4% | −0.9% | −0.2% | +1.6% | +0.7% |
| 2020 | +2.5% | +2.9% | −11.3% | −2.9% | +3.9% | +4.4% | +2.6% | +0.1% | +0.1% | −0.2% | +3.0% | +2.2% |
| 2019 | — | — | — | — | — | — | — | — | −0.5% | +0.1% | +0.3% | +0.5% |
DVHIX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 8.31%
- 3-year Sharpe ratio: 0.01 (vs 4.5% risk-free rate)
- Best month: +9.30% (Nov 2023)
- Worst month: −4.21% (Sep 2023)
DVHIX Fund Flows
Monthly money in and out of Macquarie National High-Yield Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$588.6M
- 12-month gross sales (incl. reinvestments): $1.2B
- Sales ÷ redemptions: 0.67×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $57.6M | $89.2M | −$31.6M |
| Apr 2026 | $62.4M | $79.7M | −$17.3M |
| Mar 2026 | $56.8M | $144.1M | −$87.3M |
| Feb 2026 | $76.9M | $114.6M | −$37.7M |
| Jan 2026 | $94.8M | $101.2M | −$6.4M |
| Dec 2025 | $135.1M | $344.9M | −$209.8M |
| Nov 2025 | $95.9M | $151.9M | −$56.0M |
| Oct 2025 | $82.9M | $95.1M | −$12.2M |
| Sep 2025 | $132.0M | $179.9M | −$47.9M |
| Aug 2025 | $197.5M | $160.7M | $36.7M |
| Jul 2025 | $132.2M | $188.9M | −$56.7M |
| Jun 2025 | $90.1M | $152.3M | −$62.2M |
DVHIX Assets Under Management
Net assets of Macquarie National High-Yield Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $2.83B |
| 2026-02-27 | $3.00B |
| 2025-11-28 | $3.26B |
| 2025-08-29 | $3.25B |
| 2025-05-30 | $3.41B |
| 2025-02-28 | $3.72B |
| 2024-11-29 | $3.54B |
| 2024-08-30 | $3.33B |
| 2024-05-31 | $3.07B |
| 2024-02-29 | $2.94B |
| 2023-11-30 | $2.65B |
| 2023-08-31 | $2.16B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.