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Morningstar

Delaware Tax-Free MN A DEFFX

Morningstar Medalist Rating
Medalist Rating as of | See Macquarie Investment Hub
  • NAV / 1-Day Return 11.12  /  +0.39 %
  • Total Assets 490.0 Mil
  • Adj. Expense Ratio
    0.840%
  • Expense Ratio 0.840%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni Minnesota
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.27%
  • Effective Duration 6.97 years

USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 11:45 PM GMT+0

Morningstar’s Analysis DEFFX

Will DEFFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DEFFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DEFFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DEFFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Delaware Tax-Free MN A's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings DEFFX

More DEFFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5%

2.25 11.2 Mil
municipal

ROCHESTER MINN HEALTH CARE FACS REV 4%

1.97 9.8 Mil
municipal

MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5%

1.88 9.3 Mil
municipal

ST PAUL MINN PORT AUTH SOLID WASTE DISP REV 4.5%

1.69 8.4 Mil
municipal

ROCHESTER MINN HEALTH CARE FACS REV 5%

1.58 7.8 Mil
municipal

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25%

1.50 7.4 Mil
municipal

ROSEMOUNT MINN 4%

1.43 7.1 Mil
municipal

MINNESOTA ST HIGHER ED FACS AUTH REV 5%

1.41 7.0 Mil
municipal

MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5%

1.37 6.8 Mil
municipal

Securitized Net Cash - Acr1

1.33 6.6 Mil
Cash and Equivalents