Nomura Tax-Free Minnesota Institutional (DMNIX)
| Fund Assets | 539.84M |
| Expense Ratio | 0.56% |
| Min. Investment | $1,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 3.85% |
| Dividend Growth | 3.64% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 11.24 |
| YTD Return | 2.52% |
| 1-Year Return | 8.33% |
| 5-Year Return | 5.31% |
| 52-Week Low | 10.55 |
| 52-Week High | 11.32 |
| Beta (5Y) | 0.06 |
| Holdings | 283 |
| 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 8.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.07%.
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 |
|---|---|---|
| Jun 30, 2026 | $0.03612 | Jun 30, 2026 |
| May 29, 2026 | $0.03771 | May 29, 2026 |
| Apr 30, 2026 | $0.0364 | Apr 30, 2026 |
| Mar 31, 2026 | $0.0374 | Mar 31, 2026 |
| Feb 27, 2026 | $0.0335 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0368 | Jan 30, 2026 |