Nomura Tax-Free Minnesota Fund Class A (DEFFX)
| Fund Assets | 530.52M |
| Expense Ratio | 0.81% |
| Min. Investment | $1,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 3.44% |
| Dividend Growth | 3.74% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 11.24 |
| YTD Return | 2.75% |
| 1-Year Return | 8.45% |
| 5-Year Return | 4.72% |
| 52-Week Low | 10.55 |
| 52-Week High | 11.33 |
| Beta (5Y) | 0.05 |
| Holdings | 283 |
| 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 8.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.07%.
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 Fund | 0.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jan 30, 2026 | $0.0344 | Jan 30, 2026 |