Delaware Group Limited-Term Government Funds - Delaware Tax-Free California II Fund (FICAX)
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Delaware Group Limited-Term Government Funds - Delaware Tax-Free California II Fund
Delaware Group Limited Term Govt Funds
One Commerce Square,2005 Market Street
Philadelphia, PA 19103
800-423-4026
Management information
Stephen J. Czepiel,Lead manager since 3 October 2019
Stephen J. Czepiel
Senior Vice President, Head of Municipal Bonds Portfolio Management, Senior Portfolio Manager
Stephen J. Czepiel leads the portfolio management of the firm’s municipal bonds strategies, a role he assumed in February 2019. He is a co-portfolio manager of the firm’s municipal bond funds and client accounts, a role he has held since August 2007. He joined Macquarie Investment Management (MIM) in July 2004 as a senior bond trader. Previously, he was vice president at both Mesirow Financial and Loop Capital Markets. He began his career in the securities industry in 1982 as a municipal bond trader at Kidder Peabody and now has more than 20 years of experience in the municipal securities industry. Czepiel earned his bachelor’s degree in finance and economics from Duquesne University.
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Morningstar category
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Fund overview
CategoryMuni California Long
Fund familyDelaware Funds by Macquarie
Net assets35.48M
YTD return3.19%
Yield2.74%
Morningstar rating★★
Inception date22 Feb 1987
Fund operations
Last dividend0.03
Last cap gain0.00
Holdings turnover40.00%
Average for categoryN/A
Fees and expenses
ExpenseFICAXCategory average
Annual report expense ratio (net)0.92%0.79%
Prospectus net expense ratio0.92%N/A
Prospectus gross expense ratio1.21%N/A
Max 12b1 fee0.25%N/A
Max front end sales load4.50%3.72%
Max deferred sales loadN/A1.30%
3-yr expense projection761N/A
5-yr expense projection1,030N/A
10-yr expense projection1,799N/A
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