Macquarie Tax-Free MN Institutional (DMNIX)
| Fund Assets | 530.35M |
| Expense Ratio | 0.56% |
| Min. Investment | $0.00 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 3.87% |
| Dividend Growth | 3.33% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.81 |
| YTD Return | -1.43% |
| 1-Year Return | -1.30% |
| 5-Year Return | 0.73% |
| 52-Week Low | 10.44 |
| 52-Week High | 11.47 |
| Beta (5Y) | n/a |
| Holdings | 308 |
| Inception Date | Dec 31, 2013 |
About DMNIX
Macquarie Tax-Free Minnesota Fund Institutional Class is a municipal bond mutual fund focused on providing investors with income that is exempt from both federal and Minnesota state personal income taxes. The fund primarily invests in a diversified portfolio of high-quality municipal bonds issued by entities within the state of Minnesota, supporting local infrastructure, healthcare, education, and other public projects. By concentrating on state-specific municipal securities, the fund seeks to appeal to investors looking to preserve capital and generate tax-advantaged income, particularly those residing in Minnesota. It is managed by a team with deep expertise in fixed income and municipal bond strategies, aiming for consistent returns with a medium level of credit quality and interest rate sensitivity. The fund plays a significant role for institutional investors, non-profits, or individuals with substantial tax liabilities in Minnesota, offering an effective vehicle for managing tax exposure within a fixed income allocation.
Performance
DMNIX had a total return of -1.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.53%.
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 | $0.036 | Sep 2, 2025 |
| Jul 31, 2025 | $0.036 | Aug 1, 2025 |
| Jun 30, 2025 | $0.035 | Jul 1, 2025 |
| May 30, 2025 | $0.036 | Jun 2, 2025 |
| Apr 30, 2025 | $0.034 | May 1, 2025 |
| Mar 31, 2025 | $0.035 | Apr 1, 2025 |