Municipal bonds remain among the few tax-advantaged alternatives for income investors. Unlike government bonds, corporate bonds, and other major fixed income asset classes that pay taxable income, municipal bonds generate income that, for most investors, is free from federal, and in some cases state and local, income taxes.
In addition to their tax-free income potential, investing in municipal bond funds may provide investors with a combination of diversification features and favorable risk-reward characteristics that may make them an important component of a well-rounded portfolio.
Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Funds' prospectuses and, if available, their summary prospectuses, which may be obtained by visiting the fund literature page or calling 800 523-1918. Investors should read the prospectus and, if available, the summary prospectus carefully before investing.
Investing involves risk, including the possible loss of principal.
Diversification may not protect against market risk.
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Contact information
2005 Market Street
Philadelphia, PA 19103-7094
Advisors
877 693-3546
Individual investors
800 523-1918
Municipal market update
Delaware Investments take on recent headline risk in the municipal market