Nomura Minnesota High-Yield Municipal Bond Fund Institutional Class (DMHIX)
| Fund Assets | 226.55M |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.96% |
| Dividend Growth | 2.15% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.06 |
| YTD Return | 1.55% |
| 1-Year Return | 5.01% |
| 5-Year Return | 6.06% |
| 52-Week Low | 9.03 |
| 52-Week High | 10.07 |
| Beta (5Y) | n/a |
| Holdings | 221 |
| Inception Date | Dec 31, 2013 |
About DMHIX
Macquarie Minnesota High-Yield Municipal Bond Fund Institutional Class is a fixed income mutual fund dedicated to delivering a high level of current income that is exempt from both federal and Minnesota personal income taxes. The fund primarily invests in a diversified portfolio of medium- to lower-grade municipal bonds issued within the state of Minnesota, targeting sectors such as healthcare, education, infrastructure, and public development. Leveraging proprietary, bottom-up credit research and disciplined risk management, the fund’s strategy emphasizes careful selection of issuers to mitigate risk while seeking to maximize yield. Managed by an experienced team specializing in municipal securities, the fund adapts its holdings' maturities in response to evolving market conditions, supporting capital preservation and modest appreciation over time. With over 230 holdings and assets exceeding $170 million, it offers monthly distributions and aims to provide tax-advantaged income for institutional and high-net-worth investors in Minnesota. As a niche strategy within the $4 trillion U.S. municipal bond market, the fund plays a significant role for those seeking state-specific tax benefits and steady income sources.
Performance
DMHIX had a total return of 5.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.79%.
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 |
|---|---|---|
| Jan 30, 2026 | $0.0342 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0342 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0334 | Nov 28, 2025 |
| Oct 31, 2025 | $0.034 | Oct 31, 2025 |
| Sep 30, 2025 | $0.033 | Oct 1, 2025 |
| Aug 29, 2025 | $0.034 | Sep 2, 2025 |