Delaware Investments Natl Muni Income is a closed-end investment fund. The Fund seeks to provide current income exempt from regular federal income tax consistent with the preservation of capital. The company's product portfolio includes Mutual funds, Exchange-traded funds, Private markets, Delaware Funds by Macquarie Premier Models, Managed accounts, Closed-end funds, and Variable Insurance Products.

Financial Strength

5/10

Name	Current	Vs Industry	Vs History
Cash-To-Debt	N/A	N/A	N/A
Equity-to-Asset	0.56
Debt-to-EBITDA	N/A	N/A	N/A
Interest Coverage	N/A	N/A	N/A
Piotroski F-Score	7/9	0 1 2 3 4 5 6 7 8 9
WACC vs ROIC		WACC ROIC

Growth Rank

	Name	Current	Vs Industry		Vs History
	3-Year EPS without NRI Growth Rate	-247.6
	3-Year FCF Growth Rate	126.5
	3-Year Book Growth Rate	-4.9

Momentum Rank

2/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	46.05
	9-Day RSI	39.35
	14-Day RSI	37.94
	6-1 Month Momentum %	28.34
	12-1 Month Momentum %	-1.06

Liquidity Ratio

	Name	Current	Vs Industry		Vs History

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	Dividend Yield %	4.33
	Dividend Payout Ratio	2.97
	Forward Dividend Yield %	5.47
	5-Year Yield-on-Cost %	4.92
	3-Year Average Share Buyback Ratio	-39.4
	Shareholder Yield %	4.35

Profitability Rank

3/10

	Name	Current	Vs Industry		Vs History
	Net Margin %	22.97
	FCF Margin %	1618.06
	ROE %	1.23
	ROA %	0.73
	Years of Profitability over Past 10-Year	5

GF Value Rank

2/10

	Name	Current	Vs Industry		Vs History
	PE Ratio	61.55
	PE Ratio without NRI	61.55
	Shiller PE Ratio	22.02
	PS Ratio	13.58
	PB Ratio	0.97
	Price-to-Tangible-Book	0.97
	Price-to-Free-Cash-Flow	0.83
	Price-to-Operating-Cash-Flow	0.83
	EV-to-Revenue	13.49
	EV-to-FCF	0.83
	Price-to-Projected-FCF	0.35
	Price-to-Graham-Number	1.62
	FCF Yield %	119.98
	Forward Rate of Return (Yacktman) %	21.39

GF Value: $39.92

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