Nomura Tax-Free Minnesota Fund Class C (DMOCX)

Fund Assets	474.35M
Expense Ratio	1.589%
Min. Investment	$1,000
Turnover	17.00%
Dividend (ttm)	0.33
Dividend Yield	3.13%
Dividend Growth	4.69%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.32
YTD Return	-4.53%
1-Year Return	-3.58%
5-Year Return	-5.54%
52-Week Low	10.17
52-Week High	11.36
Beta (5Y)	0.05
Holdings	288
Inception Date	May 4, 1994

About DMOCX

Macquarie Tax-Free Minnesota Fund Class C is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from both federal and Minnesota state personal income taxes. The fund primarily invests in investment-grade municipal securities issued by the state of Minnesota and its local governments or related entities. Its structure and objectives cater to residents of Minnesota or those seeking tax-advantaged income through exposure to municipal bonds. The fund pays dividends annually and maintains a total expense ratio of 1.56%. As part of the Macquarie Asset Management family, this fund is managed by a team with expertise in U.S. fixed income and municipal strategies, aiming to optimize after-tax yield while maintaining adherence to quality and credit standards. Macquarie Tax-Free Minnesota Fund Class C holds a particular role in the market for investors focused on tax efficiency, especially those seeking to mitigate the impact of federal and state taxes on their fixed income allocations.

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

Performance

DMOCX had a total return of -3.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.98%.

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
DMNIX	Institutional Class	0.56%
DEFFX	Class A	0.81%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02731	Sep 30, 2026
Aug 31, 2026	$0.02693	Aug 31, 2026
Jul 31, 2026	$0.02884	Jul 31, 2026
Jun 30, 2026	$0.02699	Jun 30, 2026
May 29, 2026	$0.02838	May 29, 2026
Apr 30, 2026	$0.0273	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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