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Morningstar

Delaware MN High-Yield Muni Bd A DVMHX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 10.07  /  0.01 %
  • Total Assets 213.3 Mil
  • Adj. Expense Ratio
    0.880%
  • Expense Ratio 0.860%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Minnesota
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.97%
  • Effective Duration 7.49 years

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 11:10 PM GMT+00:00

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.

Summary

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Weakness in Delaware MN High-Yield Muni Bd A's People and Process Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Negative. 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.

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