Nomura Minnesota High-Yield Municipal Bond Fund Class A (DVMHX)

Fund Assets	241.60M
Expense Ratio	0.881%
Min. Investment	$1,000
Turnover	20.00%
Dividend (ttm)	0.38
Dividend Yield	4.04%
Dividend Growth	2.40%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.24
YTD Return	-3.33%
1-Year Return	-2.09%
5-Year Return	0.38%
52-Week Low	9.13
52-Week High	10.13
Beta (5Y)	0.08
Holdings	230
Inception Date	Jun 4, 1996

About DVMHX

Macquarie Minnesota High-Yield Municipal Bond Fund Class A is a mutual fund focused on delivering a high level of current income that is exempt from both federal and Minnesota state personal income taxes. The fund primarily invests at least 80% of its assets in municipal securities issued by entities within Minnesota, targeting medium- to lower-grade obligations to enhance yield potential. Its portfolio is broadly diversified across over 200 holdings, spanning sectors such as public infrastructure, healthcare, housing, and transportation. Notable issuers include the Duluth Economic Development Authority, Rochester Health Care Facilities, and the St. Paul Port Authority. The fund’s income appeal is strongest for Minnesota residents due to the dual tax exemption. With a monthly payout structure and a yield that exceeds the average for similar municipal bond funds, it serves investors seeking tax-advantaged income and exposure to Minnesota’s municipal market. The fund is managed by an experienced team specializing in municipal finance, and plays a key role in providing capital to local governments and agencies, which use these funds to support community projects and essential public services.

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

Performance

DVMHX had a total return of -2.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.99%.

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
DMHIX	Institutional Class	0.59%
DVMMX	Class C	1.59%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03138	Sep 30, 2026
Aug 31, 2026	$0.03116	Aug 31, 2026
Jul 31, 2026	$0.03323	Jul 31, 2026
Jun 30, 2026	$0.03016	Jun 30, 2026
May 29, 2026	$0.03204	May 29, 2026
Apr 30, 2026	$0.0313	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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