Nomura MN High-Yield Muni Bd Instl (DMHIX)

Fund Assets	241.60M
Expense Ratio	0.59%
Min. Investment	$1,000
Turnover	20.00%
Dividend (ttm)	0.40
Dividend Yield	4.31%
Dividend Growth	2.33%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.24
YTD Return	-3.14%
1-Year Return	-1.75%
5-Year Return	1.44%
52-Week Low	9.13
52-Week High	10.13
Beta (5Y)	0.08
Holdings	230
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.

• Fund Family: Nomura
• Category: Muni Minnesota
• Performance Rating: High
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: DMHIX
• Share Class: Institutional Class
• Index: Bloomberg Municipal Bond TR

Performance

DMHIX had a total return of -1.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.97%.

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	0.46%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
DVMHX	Class A	0.84%
DVMMX	Class C	1.59%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03333	Sep 30, 2026
Aug 31, 2026	$0.03325	Aug 31, 2026
Jul 31, 2026	$0.03548	Jul 31, 2026
Jun 30, 2026	$0.03221	Jun 30, 2026
May 29, 2026	$0.03415	May 29, 2026
Apr 30, 2026	$0.0334	Apr 30, 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:

Oct 16, 2026

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