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Morningstar

Delaware Tax-Free Arizona A VAZIX

Morningstar Medalist Rating
Medalist Rating as of | See Macquarie Investment Hub
  • NAV / 1-Day Return 10.26  /  +0.11 %
  • Total Assets 57.2 Mil
  • Adj. Expense Ratio
    0.840%
  • Expense Ratio 0.840%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.46%
  • Effective Duration 9.98 years

USD | NAV as of May 08, 2024 | 1-Day Return as of May 08, 2024, 10:22 PM GMT+0

Morningstar’s Analysis VAZIX

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

  • People Pillar

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

Weakness in Delaware Tax-Free Arizona 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 VAZIX

More VAZIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 32.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

4.30 2.5 Mil
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 4%

3.91 2.3 Mil
municipal

SALT VERDE FINL CORP GAS REV ARIZ 5%

3.77 2.2 Mil
municipal

ARIZONA INDL DEV AUTH LEASE REV 4%

3.63 2.1 Mil
municipal

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

3.11 1.8 Mil
municipal

MARICOPA CNTY ARIZ INDL DEV AUTH ED REV 4%

3.03 1.7 Mil
municipal

MARICOPA CNTY ARIZ INDL DEV AUTH REV 4%

2.94 1.7 Mil
municipal

SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 5%

2.85 1.6 Mil
municipal

ARIZONA INDL DEV AUTH NATL CHARTER SCH REVOLVING LN FD REV 4%

2.58 1.5 Mil
municipal

YAVAPAI CNTY ARIZ INDL DEV AUTH HOSP FAC REV 4%

2.45 1.4 Mil
municipal