Nomura Tax-Free Minnesota Fund Class A (DEFFX)

Fund Assets	529.25M
Expense Ratio	0.81%
Min. Investment	$1,000
Turnover	17.00%
Dividend (ttm)	0.41
Dividend Yield	3.74%
Dividend Growth	4.32%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	10.93
YTD Return	0.14%
1-Year Return	6.14%
5-Year Return	1.87%
52-Week Low	10.66
52-Week High	11.33
Beta (5Y)	n/a
Holdings	283
Inception Date	n/a

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.

• Fund Family: Nomura
• Category: Muni Minnesota
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: DEFFX
• Share Class: Class A

Performance

DEFFX had a total return of 6.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.96%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
DMNIX	Institutional Class	0.56%
DMOCX	Class C	1.56%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.0363	Jul 31, 2026
Jun 30, 2026	$0.03382	Jun 30, 2026
May 29, 2026	$0.03536	May 29, 2026
Apr 30, 2026	$0.0341	Apr 30, 2026
Mar 31, 2026	$0.0351	Mar 31, 2026
Feb 27, 2026	$0.0313	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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