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Morningstar

Delaware MN High-Yield Muni Bd A DVMHX

Morningstar Medalist Rating
Medalist Rating as of | See Macquarie Investment Hub
  • NAV / 1-Day Return 9.85  /  +0.01 %
  • Total Assets 208.0 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 3.51%
  • Effective Duration 8.02 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:05 AM GMT+0

Morningstar’s Analysis DVMHX

Will DVMHX 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 DVMHX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DVMHX 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 DVMHX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Delaware MN High-Yield Muni Bd 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 DVMHX

More DVMHX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5%

3.36 7.0 Mil
municipal

ROCHESTER MINN HEALTH CARE FACS REV 5%

2.70 5.6 Mil
municipal

ST PAUL MINN PORT AUTH SOLID WASTE DISP REV 4.5%

2.49 5.2 Mil
municipal

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

2.05 4.3 Mil
municipal

ROCHESTER MINN HEALTH CARE FACS REV 4%

1.77 3.7 Mil
municipal

ST PAUL MINN HSG & REDEV AUTH CHARTER SCH LEASE REV 6%

1.70 3.5 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.536%

1.39 2.9 Mil
municipal

ROSEMOUNT MINN 4%

1.39 2.9 Mil
municipal

MINNESOTA ST HIGHER ED FACS AUTH REV 5%

1.33 2.8 Mil
municipal

ST CLOUD MINN HEALTH CARE REV 5%

1.28 2.7 Mil
municipal