Nomura Tax-Free Minnesota Institutional (DMNIX)

Fund Assets	474.35M
Expense Ratio	0.562%
Min. Investment	$1,000
Turnover	17.00%
Dividend (ttm)	0.44
Dividend Yield	4.19%
Dividend Growth	3.93%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.29
YTD Return	-4.85%
1-Year Return	-3.50%
5-Year Return	-1.61%
52-Week Low	10.13
52-Week High	11.32
Beta (5Y)	0.06
Holdings	288
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.

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

Performance

DMNIX had a total return of -3.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.40%.

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
DEFFX	Class A	0.81%
DMOCX	Class C	1.56%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03594	Sep 30, 2026
Aug 31, 2026	$0.03619	Aug 31, 2026
Jul 31, 2026	$0.03881	Jul 31, 2026
Jun 30, 2026	$0.03612	Jun 30, 2026
May 29, 2026	$0.03771	May 29, 2026
Apr 30, 2026	$0.0364	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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