Nomura Tax-Free Minnesota Fund Institutional Class (DMNIX)
| Fund Assets | 539.96M |
| Expense Ratio | 0.56% |
| Min. Investment | $1,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 3.76% |
| Dividend Growth | 2.56% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 11.25 |
| YTD Return | 1.41% |
| 1-Year Return | 5.26% |
| 5-Year Return | 3.89% |
| 52-Week Low | 10.10 |
| 52-Week High | 11.26 |
| Beta (5Y) | n/a |
| Holdings | 294 |
| 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 5.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.23%.
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 | $0.0368 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0365 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0352 | Nov 28, 2025 |
| Oct 31, 2025 | $0.036 | Oct 31, 2025 |
| Sep 30, 2025 | $0.035 | Oct 1, 2025 |
| Aug 29, 2025 | $0.036 | Sep 2, 2025 |