Nomura Minnesota High-Yield Municipal Bond Fund Class C (DVMMX)
| Fund Assets | 226.55M |
| Expense Ratio | 1.59% |
| Min. Investment | $1,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 2.98% |
| Dividend Growth | 4.17% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.08 |
| YTD Return | 1.46% |
| 1-Year Return | 3.95% |
| 5-Year Return | 0.91% |
| 52-Week Low | 9.13 |
| 52-Week High | 10.09 |
| Beta (5Y) | 0.34 |
| Holdings | 221 |
| Inception Date | Jun 12, 1996 |
About DVMMX
Macquarie Minnesota High-Yield Municipal Bond Fund Class C is a mutual fund specializing in fixed-income securities, primarily investing in municipal bonds issued within the state of Minnesota. The fund’s primary objective is to generate a high level of current income that is exempt from both federal and Minnesota state personal income taxes. Its portfolio is predominantly composed of lower-rated municipal bonds, commonly referred to as high-yield or "junk" bonds, which offer enhanced income potential in exchange for increased credit risk compared to higher-grade municipal securities. The fund strategically allocates at least 80% of its assets to Minnesota municipal debt obligations and adjusts the average maturity of its holdings—typically between 15 and 25 years—based on prevailing market conditions. Managed by Delaware Management Company since its inception in June 1996, the fund’s monthly distributions cater especially to Minnesota residents seeking tax-advantaged income. The fund’s holdings span a variety of sectors impacting public infrastructure, health care, and education within Minnesota, underscoring its role in supporting state and local development while providing investors with income diversification through municipal securities.
Performance
DVMMX had a total return of 3.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.91%.
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 | $0.0257 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0258 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0253 | Nov 28, 2025 |
| Oct 31, 2025 | $0.026 | Oct 31, 2025 |
| Sep 30, 2025 | $0.025 | Oct 1, 2025 |
| Aug 29, 2025 | $0.026 | Sep 2, 2025 |