The Delaware Ivy Municipal Bond Fund Class I (IMBIX) is a mutual fund that primarily invests in municipal bonds, which are debt securities issued by state and local governments. This fund aims to provide investors with tax-free income by investing in high-quality municipal bonds with varying maturities. It is managed by Delaware Investments, a subsidiary of Macquarie Investment Management, and has a focus on preserving capital while generating steady returns. The Class I shares of this fund are typically available to institutional investors and have a lower expense ratio compared to other share classes. Overall, the Delaware Ivy Municipal Bond Fund Class I offers a conservative investment option for those seeking tax-free income from municipal bonds.