Macquarie Tax-Free MN A (DEFFX)
| Fund Assets | 530.35M |
| Expense Ratio | 0.81% |
| Min. Investment | $1,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 3.46% |
| Dividend Growth | 3.85% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.82 |
| YTD Return | -1.51% |
| 1-Year Return | -1.58% |
| 5-Year Return | -0.20% |
| 52-Week Low | 10.44 |
| 52-Week High | 11.47 |
| Beta (5Y) | n/a |
| Holdings | 308 |
| Inception Date | Feb 29, 1984 |
About DEFFX
Macquarie Tax-Free Minnesota Fund Class A is a municipal bond mutual fund designed to provide investors with a high level of current income that is exempt from both federal and Minnesota state personal income taxes. The fund primarily invests in a diversified portfolio of municipal debt securities issued by state and local governments and agencies within Minnesota. It targets bonds supporting a wide array of public infrastructure and community projects, including healthcare, education, utilities, and transportation. This approach allows the fund to play a crucial role in local economic development while offering tax advantages to Minnesota residents. The fund typically features a medium-to-extensive interest rate sensitivity profile and maintains a moderate credit quality standard. With over 300 holdings and substantial fund assets under management, it serves as an important fixed-income allocation for investors seeking tax-efficient income, capital preservation, and exposure to municipal securities markets. The fund pays monthly income distributions and is managed by a team specializing in municipal bond research and portfolio construction.
Performance
DEFFX had a total return of -1.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.88%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIMIX | Fidelity | Fidelity Minnesota Municipal Income | 0.47% |
Top 10 Holdings
15.64% of assets| Name | Symbol | Weight |
|---|---|---|
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5% | MN.DULDEV 5 02.15.2058 | 2.02% |
| ST PAUL MINN PORT AUTH SOLID WASTE DISP REV 4.5% | MN.STPPOL 4.5 10.01.2037 | 1.77% |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5.25% | MN.MINAPT 5.25 01.01.2049 | 1.74% |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% | MN.MINAPT 5 01.01.2044 | 1.68% |
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5% | MN.DULDEV 5 02.15.2053 | 1.60% |
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25% | MN.DULDEV 5.25 02.15.2058 | 1.49% |
| ROCHESTER MINN HEALTH CARE FACS REV 4% | MN.ROCMED 4 11.15.2039 | 1.47% |
| ROCHESTER MINN HEALTH CARE FACS REV 2.1% | MN.MNHOSP 11.15.2064 | 1.32% |
| MINNESOTA ST 5% | MN.MNS 5 08.01.2043 | 1.29% |
| ROCHESTER MINN HEALTH CARE FACS REV 5% | MN.ROCMED 5 11.15.2057 | 1.26% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.034 | Sep 2, 2025 |
| Jul 31, 2025 | $0.033 | Aug 1, 2025 |
| Jun 30, 2025 | $0.033 | Jul 1, 2025 |
| May 30, 2025 | $0.034 | Jun 2, 2025 |
| Apr 30, 2025 | $0.032 | May 1, 2025 |
| Mar 31, 2025 | $0.033 | Apr 1, 2025 |