Macquarie Municipal Fixed Income Markets Q4 2025 Commentary

Core Insights - Macquarie Asset Management (MAM) is the asset management division of Macquarie Group, providing integrated asset management across public and private markets [1] - MAM offers a diverse range of capabilities, including real assets, real estate, credit, equities, and multi-asset solutions [1] - Delaware Funds by Macquarie refers to specific investment solutions distributed, offered, or advised by MAM [1] Company Structure - Macquarie Group includes Macquarie Group Limited and its subsidiaries and affiliates worldwide [1] - Investment advisory services for the Delaware Funds are provided by Delaware Management Company, a registered investment adviser [1] - Delaware Distributors, L.P. is responsible for distributing the Delaware Funds and is a registered broker/dealer [1]