CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Delaware Investments Colorado Municipal Income Fund (VCF)

Single State Muni Bond Funds - One Fund States

Data as of Oct. 18, 2019
Market Price $14.47 (- $0.08)
NAV (Oct. 18, 2019) $15.20 (+ $0.01)
Premium / Discount -4.80% (-0.59%)
Fund Info
Inception July 29, 1993
Sponsor Delaware Management Company
Website https://www.delawarefu...
Phone 866 437-0252
Objective: Current income exempt from both regular federal income tax and Colorado state income tax; investment grade, un-insured Colorado municipal obligations
Capital & Leverage
Outstanding Shares 4,837,100
Total Assets (Reported: March 31, 2019) $102M
Estimated Total Assets $104M
Net Assets $74M
Market Cap $70M
Purchases Turnover 11.79%
Sales Turnover 11.42%
Total Leverage 29.14%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.14%
Non Lev Exp Ratio 1.00%
Rel Lev Cost 2.75%
Discount Data
Average Discount (3 Yr) -2.34%
Discount Low(3 Yr) -13.71%
Discount High(3 Yr) 5.19%
Discount Rel Range 47.11%
Comp Discount 1.94
Discount St Dev (1Yr) 2.14
Z-Stat (6mo) -1.42
Z-Stat (1Yr) -0.09
Z-Stat (3Yr) -0.96
Comp Z-Stat (6mo) -2.05
Comp Z-Stat (3Yr) -1.36
Distribution Data
Market Yield 3.73%
Income Yield 3.73%
Lev Adj NAV Yield 2.75%
Distribution Frequency M
Current Distribution $0.045
Current Income $0.045
Ex-Date 10/17/19
Payable Date 10/25/19
Div Growth (3yr) -25.00%
Dividend Change -10.0% on 9/3/19
Expected Div 10/1/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $54
Avg Volume 30 day 3,723
Avg Volume 90 day 3,724
Volume Trend -0.03%
Comp Volume Trend 8.67%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's State Municipal Index (Non NY/CA)
Most Correlated Peer (Mk Pr): NNC 48.0%
NAV - Price Correlation (30 d) -21.2%
NAV - Price Correlation (90 d) 37.6%
NAV - Price Correlation (1 Yr) 90.3%
Price St Dev (1Yr) 12.2%
NAV St Dev (1Yr) 2.3%
Earnings / Share (3/31/19) $0.048
Earn Coverage 105.56%
Earnings Trend Down
UNII / Share (6/30/19) $0.024
Rel UNII 4.39
UNII Trend Down
Bond Specific Data
Maturity 5.01
Duration 5.34
Credit Rating (rbo) A
Investment Grade 81.08%
Non Investment Grade 7.08%
Unrated Bonds 11.85%
Average Bond Price 110.56
Discount vs Price 5.76
Coupon 5.23%
Zero Coupon 0.00%
AMT 3.43%
AMT Yield 3.70%
Bond Calls Risk 7.25%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's State Municipal Index (Non NY/CA)


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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