Delaware Investments National Municipal Income Fund (VFL)
Company Info
Highlights
$130.36M
$2.56
4.15
$9.42 - $11.16
0.11%
0.33
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Delaware Investments National Municipal Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Delaware Investments National Municipal Income Fund had a return of 5.34% year-to-date (YTD) and 9.73% in the last 12 months. Over the past 10 years, Delaware Investments National Municipal Income Fund had an annualized return of 2.92%, while the S&P 500 had an annualized return of 11.31%, indicating that Delaware Investments National Municipal Income Fund did not perform as well as the benchmark.
VFL
5.34%
2.81%
-1.81%
9.73%
-0.73%
2.92%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of VFL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.27% | 5.34% | |||||||||||
| 2024 | -0.17% | 1.50% | 1.24% | -3.71% | 0.84% | 6.37% | 0.33% | 3.84% | 2.84% | -3.49% | 2.07% | -6.60% | 4.45% |
| 2023 | 7.09% | -4.76% | 2.16% | -2.01% | -2.93% | 0.13% | 0.52% | -5.58% | -8.72% | -6.13% | 18.55% | 7.70% | 3.05% |
| 2022 | -6.92% | 0.80% | -3.53% | -6.85% | 2.63% | -5.38% | 11.39% | -2.68% | -10.16% | -4.13% | 10.87% | -9.29% | -23.11% |
| 2021 | 2.23% | -2.82% | 1.25% | 2.99% | 2.70% | 2.82% | 1.85% | 0.25% | -1.39% | -2.78% | 3.19% | 1.50% | 12.14% |
| 2020 | 4.25% | -1.17% | -9.64% | -7.11% | 6.21% | 2.44% | 5.34% | -1.65% | -1.72% | -0.82% | 5.39% | 3.61% | 3.77% |
| 2019 | 4.03% | 0.82% | 2.83% | 2.06% | 3.10% | 0.08% | 3.95% | 2.92% | -3.85% | -1.36% | -0.15% | 2.16% | 17.56% |
| 2018 | -2.69% | -0.59% | -0.45% | -0.98% | 1.17% | -0.36% | 0.56% | 0.08% | -2.10% | -1.23% | 0.76% | 0.00% | -5.75% |
| 2017 | 0.84% | -0.80% | -0.45% | 0.77% | 4.63% | -1.03% | 2.33% | 0.56% | -0.05% | -0.83% | -0.32% | 0.25% | 5.92% |
| 2016 | 4.32% | -0.08% | 3.29% | 2.25% | 0.42% | 5.84% | -0.94% | -0.90% | -2.04% | -0.96% | -7.06% | 2.80% | 6.48% |
| 2015 | 4.41% | -2.61% | 0.20% | 0.72% | -2.16% | -0.82% | 1.15% | -0.35% | 1.93% | 1.84% | 0.93% | 0.19% | 5.37% |
| 2014 | 4.46% | 1.90% | 0.82% | 3.01% | 4.28% | -1.35% | -0.80% | 3.03% | -1.73% | 2.08% | -0.12% | 2.14% | 18.94% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VFL is 63, indicating average performance compared to other stocks on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Delaware Investments National Municipal Income Fund (VFL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Delaware Investments National Municipal Income Fund provided a 4.83% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.54 | $0.46 | $0.54 | $0.63 | $0.58 | $0.69 | $0.60 | $0.66 | $0.70 | $0.78 | $0.76 |
Dividend yield | 4.83% | 5.32% | 4.47% | 5.21% | 4.43% | 4.37% | 5.16% | 5.04% | 4.98% | 5.32% | 5.97% | 5.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Delaware Investments National Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.54 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.46 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.54 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.14 | $0.63 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 | $0.58 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.16 | $0.69 |
| 2018 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.60 |
| 2017 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.10 | $0.05 | $0.05 | $0.05 | $0.05 | $0.66 |
| 2016 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.70 |
| 2015 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.78 |
| 2014 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.76 |
Dividend Yield & Payout
Dividend Yield
Payout Ratio
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Delaware Investments National Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Delaware Investments National Municipal Income Fund was 45.27%, occurring on Dec 4, 2008. Recovery took 683 trading sessions.
The current Delaware Investments National Municipal Income Fund drawdown is 13.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -45.27% | Mar 8, 2006 | 641 | Dec 4, 2008 | 683 | Sep 23, 2011 | 1324 |
| -39.05% | Dec 23, 2021 | 461 | Oct 25, 2023 | — | — | — |
| -29.96% | Mar 5, 2020 | 10 | Mar 18, 2020 | 212 | Jan 21, 2021 | 222 |
| -22.7% | Dec 7, 2012 | 190 | Sep 11, 2013 | 338 | Jan 15, 2015 | 528 |
| -20.69% | May 18, 1999 | 167 | Mar 9, 2000 | 191 | Jan 18, 2001 | 358 |
Volatility
Volatility Chart
The current Delaware Investments National Municipal Income Fund volatility is 3.24%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Financials
Financial Performance
Valuation
The Valuation section provides an assessment of the market value of Delaware Investments National Municipal Income Fund compared to its peers in the Asset Management industry.
PE Ratio
The chart displays the price to earnings (P/E) ratio for VFL in comparison to other companies of the Asset Management industry. Currently, VFL has a PE value of 4.1. This PE value is considered to be low compared to the rest of the industry.PEG Ratio
The chart displays the price to earnings to growth (PEG) ratio for VFL in comparison to other companies of the Asset Management industry. Currently, VFL has a PEG value of 0.0. This PEG ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.Historical P/E Ratio Chart
The chart below displays the historical trend of the price-to-earnings (P/E) ratio for Delaware Investments National Municipal Income Fund.
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Income Statement
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