Nomura Minnesota High-Yield Municipal Bond Fund Class C (DVMMX)

Fund Assets	241.60M
Expense Ratio	1.624%
Min. Investment	$1,000
Turnover	20.00%
Dividend (ttm)	0.30
Dividend Yield	3.24%
Dividend Growth	3.26%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.26
YTD Return	-3.86%
1-Year Return	-2.82%
5-Year Return	-3.58%
52-Week Low	9.15
52-Week High	10.15
Beta (5Y)	0.34
Holdings	230
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.

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

Performance

DVMMX had a total return of -2.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.22%.

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%
DVMHX	Class A	0.84%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02557	Sep 30, 2026
Aug 31, 2026	$0.02495	Aug 31, 2026
Jul 31, 2026	$0.02649	Jul 31, 2026
Jun 30, 2026	$0.02401	Jun 30, 2026
May 29, 2026	$0.02576	May 29, 2026
Apr 30, 2026	$0.0252	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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