IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX)

Basic Info

IVY MUNICIPAL HIGH INCOME FUND CLASS A started on 05/19/2009
IVY MUNICIPAL HIGH INCOME FUND CLASS A is classified as asset class High Yield Muni
IVY MUNICIPAL HIGH INCOME FUND CLASS A expense ratio is 1.58%
IVY MUNICIPAL HIGH INCOME FUND CLASS A rating is
Not Rated

IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) Dividend Info

IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) dividend growth in the last 12 months is -12.82%

The trailing 12-month yield of IVY MUNICIPAL HIGH INCOME FUND CLASS A is 4.24%. its dividend history:

DateDividend
08/31/2023 0.0166
07/31/2023 0.0162
06/30/2023 0.015
05/31/2023 0.0164
04/28/2023 0.0154
03/31/2023 0.0157
02/28/2023 0.0141
01/31/2023 0.0163
12/30/2022 0.0173
11/30/2022 0.016
10/31/2022 0.0172
09/30/2022 0.0169
08/31/2022 0.0175
07/29/2022 0.0165
06/30/2022 0.0161
05/27/2022 0.0161
04/29/2022 0.014
03/31/2022 0.013
02/28/2022 0.012
02/25/2022 0.014
01/31/2022 0.012
01/27/2022 0.0108
12/31/2021 0.0165
11/26/2021 0.0129
10/27/2021 0.0138
09/30/2021 0.013
09/27/2021 0.0118
08/31/2021 0.013
08/27/2021 0.0137
07/30/2021 0.013
07/27/2021 0.0128
06/25/2021 0.0145
05/27/2021 0.0172
04/27/2021 0.014
03/26/2021 0.013
02/26/2021 0.013
01/27/2021 0.01
12/31/2020 0.02
11/27/2020 0.014
10/27/2020 0.014
09/25/2020 0.014
08/27/2020 0.015
07/27/2020 0.014
06/26/2020 0.016
05/27/2020 0.016
04/27/2020 0.015
03/27/2020 0.016
02/27/2020 0.015
01/27/2020 0.014
12/31/2019 0.017
11/27/2019 0.018
10/25/2019 0.015
09/27/2019 0.015
08/27/2019 0.015
07/26/2019 0.016
06/27/2019 0.016
05/24/2019 0.017
04/26/2019 0.017
03/27/2019 0.013
02/27/2019 0.017
01/25/2019 0.015
12/31/2018 0.0206
11/27/2018 0.0177
10/26/2018 0.0182
09/27/2018 0.0191
08/27/2018 0.0181
07/27/2018 0.019
06/27/2018 0.018
05/25/2018 0.02
04/27/2018 0.02
03/27/2018 0.018
02/27/2018 0.018
01/26/2018 0.017
12/29/2017 0.021
12/14/2017 0.004
11/27/2017 0.017
10/27/2017 0.018
09/27/2017 0.008
08/25/2017 0.0119
07/27/2017 0.0184
06/27/2017 0.0168
05/26/2017 0.0212
04/27/2017 0.0204
03/27/2017 0.02
02/27/2017 0.019
01/27/2017 0.017
12/30/2016 0.022
11/25/2016 0.019
10/27/2016 0.018
08/26/2016 0.019
07/27/2016 0.018
06/27/2016 0.017
05/27/2016 0.02
04/27/2016 0.019
03/24/2016 0.016
02/26/2016 0.02
01/27/2016 0.014
12/31/2015 0.021
11/27/2015 0.02
10/27/2015 0.018
09/25/2015 0.018
08/27/2015 0.018
07/27/2015 0.017
06/26/2015 0.019
05/27/2015 0.018
04/27/2015 0.017
03/27/2015 0.017
02/27/2015 0.019
01/28/2015 0.015
01/27/2015 0.015
12/31/2014 0.02
11/26/2014 0.019
10/31/2014 0.019
10/27/2014 0.018
09/30/2014 0.02
08/29/2014 0.021
07/31/2014 0.021
06/30/2014 0.02
05/30/2014 0.021
04/30/2014 0.02
03/31/2014 0.021
02/28/2014 0.019
01/31/2014 0.021
12/31/2013 0.022
12/12/2013 0.017
11/29/2013 0.02
10/31/2013 0.021
09/30/2013 0.02
08/30/2013 0.02
07/31/2013 0.02
06/28/2013 0.02
05/31/2013 0.017
04/30/2013 0.016
03/28/2013 0.018
02/28/2013 0.014
01/31/2013 0.017
12/31/2012 0.017
11/30/2012 0.016
10/31/2012 0.017
09/28/2012 0.017
08/31/2012 0.018
07/31/2012 0.019
06/29/2012 0.018
05/31/2012 0.02
04/30/2012 0.018
03/30/2012 0.019
02/29/2012 0.018
01/31/2012 0.021
12/30/2011 0.021
11/30/2011 0.02
10/31/2011 0.021
09/30/2011 0.02
08/31/2011 0.021
07/29/2011 0.021
06/30/2011 0.021
05/31/2011 0.021
04/29/2011 0.02
03/31/2011 0.021
02/28/2011 0.018
01/31/2011 0.021
12/31/2010 0.02
12/09/2010 0.001
11/30/2010 0.018
10/29/2010 0.018
09/30/2010 0.017
08/31/2010 0.017
07/30/2010 0.018
06/30/2010 0.018
05/28/2010 0.018
04/13/2010 0.007
03/31/2010 0.022
02/26/2010 0.019
01/29/2010 0.023
12/10/2009 0.007
10/27/2009 0.02
08/27/2009 0.021
07/27/2009 0.018

Dividend Growth History for IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX)

Year
Payout Amount
Year Start Yield
Annual Payout Growth (YoY)
CAGR to 2023
2023 $0.1257 2.95% -39.97% -
2022 $0.2094 4.07% 3.56% -39.97%
2021 $0.2022 3.99% 10.49% -21.15%
2020 $0.183 3.62% -4.19% -11.77%
2019 $0.191 3.85% -14.62% -9.93%
2018 $0.2237 4.39% 5.17% -10.89%
2017 $0.2127 4.17% 5.30% -8.39%
2016 $0.202 3.82% -12.93% -6.55%
2015 $0.232 4.39% -10.77% -7.37%
2014 $0.26 5.33% 7.44% -7.76%
2013 $0.242 4.45% 11.01% -6.34%
2012 $0.218 4.29% -11.38% -4.88%
2011 $0.246 5.09% 13.89% -5.44%
2010 $0.216 4.56% 227.27% -4.08%
2009 $0.066 1.55% - 4.71%

Dividend Growth Chart for IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX)

IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) Historical Returns And Risk Info

From 05/18/2009 to 10/19/2023, the compound annualized total return (dividend reinvested) of IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) is 3.884%. Its cumulative total return (dividend reinvested) is 73.132%.

From 05/18/2009 to 10/19/2023, the Maximum Drawdown of IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) is 19.0%.

From 05/18/2009 to 10/19/2023, the Sharpe Ratio of IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) is 0.83.

From 05/18/2009 to 10/19/2023, the Annualized Standard Deviation of IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) is 3.9%.

From 05/18/2009 to 10/19/2023, the Beta of IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) is 0.87.

Last 1 Week* 1 Yr 3 Yr 5 Yr 10 Yr Inception** 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Annualized Return(%) 0.0 2.2 -2.5 0.1 2.3 3.9 -0.9 -13.9 5.9 4.1 5.7 1.7 3.2 0.4 4.5 14.0 -6.2 11.5 10.6 6.5 12.6
Sharpe Ratio NA -0.3 -0.78 -0.22 0.33 0.83 -1.03 -2.12 2.79 0.49 2.13 0.18 1.14 0.05 2.04 5.99 -1.5 5.25 3.67 1.96 5.99
Draw Down(%) NA 6.1 19.0 19.0 19.0 19.0 6.1 19.0 1.8 11.6 1.4 1.4 1.4 5.3 1.6 1.4 10.5 1.4 2.9 5.3 1.7
Standard Deviation(%) NA 5.9 5.2 5.4 4.2 3.9 5.2 7.3 2.1 7.9 2.0 2.0 2.3 2.8 2.2 2.3 4.1 2.2 2.9 3.2 3.5
Treynor Ratio NA -0.02 -0.04 -0.01 0.02 0.04 -0.07 -0.13 0.09 0.04 0.09 0.01 0.07 0.0 0.09 0.17 -0.06 0.16 0.13 0.07 0.38
Alpha NA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.01 0.0 0.0 0.0 0.0 0.0 0.01 0.02 -0.01 0.02 0.01 0.02 0.05
Beta NA 0.92 1.04 0.93 0.87 0.87 0.82 1.21 0.68 0.88 0.48 0.41 0.4 0.69 0.49 0.82 1.05 0.74 0.84 0.89 0.56
RSquare NA 0.65 0.71 0.78 0.7 0.69 0.55 0.86 0.35 0.94 0.26 0.19 0.19 0.54 0.25 0.49 0.86 0.59 0.66 0.79 0.24
Yield(%) N/A N/A N/A N/A N/A N/A 3.5 4.3 3.4 3.8 4.6 4.7 4.3 4.0 4.9 5.3 4.6 4.7 5.0 4.9 1.6
Dividend Growth(%) N/A N/A N/A N/A N/A N/A -31.8 29.4 -10.5 -17.4 -4.2 9.1 4.8 -19.2 0.0 4.0 4.2 0.0 4.3 228.6 N/A

Return Calculator for IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX)

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IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) Historical Return Chart

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IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) Rolling Returns Charts

A rolling return for a period such as 5-year, as of a specific date, represents the investment’s performance over the preceding five years leading up to that date. In the 5-year rolling chart, the value on any given date corresponds to the annualized return for the preceding 5 years up to that very date. Thus, for instance, the chart value on 8/28/2015 reflects the annualized return from 8/28/2010 to 8/28/2015. A 5-year rolling return chart for an investment (stock, fund or portfolio) depicts the return sequence of 5-year trailing returns for the dates in the chart.

These rolling returns contrast with the most recent 3, 5, 10, and 15-year returns, as they solely depict the returns for those respective periods leading up to the most recent date, without encompassing every date in the historical record.

Rolling return charts offer a more precise insight into a portfolio’s risk and return stability (including funds or individual stocks). This is particularly true when focusing on the minimal return points within a rolling return chart as a measure of a fund or a portfolio's risk. A well-known observation, often attributed to ‘Murphy’s law’, is that it tends to perform poorly when investors decide to follow an investment due to its recent strong returns. Sound familiar? Information regarding minimum rolling returns could help mitigate this predicament. Investors can opt for an investment showcasing high minimum rolling returns within their preferred holding durations. In fact, merely possessing knowledge of such minimum rolling period returns can anchor investors’ expectations.

For instance, let’s consider an investor who follows a model portfolio (or even simply purchases and holds a fund like VFINX or SPY) for 10 years. Armed with knowledge of this portfolio’s minimum 10-year rolling return since its inception date or the fund’s inception (in the case of VFINX, recognizing that the minimum 10-year rolling return since 1987 could be as low as -2.24%), the investor should reasonably anticipate the potential for the portfolio to incur losses over the forthcoming 10 years.

Minimum rolling return for a period such as 10-year offers a different and often better historical risk and return metric than other popular risk and return metrics such as Sharpe ratio, standard deviation (volatility) or maximum drawdown.

See Portfolio Calculator and Rolling Returns for more detailed description.

From 05/18/2009 to 10/19/2023, the worst annualized return of 3-year rolling returns for IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) is -2.87%.
From 05/18/2009 to 10/19/2023, the worst annualized return of 5-year rolling returns for IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) is -0.28%.
From 05/18/2009 to 10/19/2023, the worst annualized return of 10-year rolling returns for IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) is 1.65%.
From 05/18/2009 to 10/19/2023, the worst annualized return of 20-year rolling returns for IVY MUNICIPAL HIGH INCOME FUND CLASS A (IYIAX) is NA.

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