4 / 5 Stars
5 5 3 2 5
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#6 in Muni Minnesota
U.S. News evaluated 15 Muni Minnesota Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -1.01 percent over the past year, 5.95 percent over the past three years, 6.66 percent over the past five years, and 4.49 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.1%|
|3 Years (Annualized)||5.9%|
|5 Years (Annualized)||6.7%|
|10 Years (Annualized)||4.5%|
The investment seeks a high level of current income that is exempt from federal income tax and from Minnesota state personal income taxes. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities the income from which is exempt from federal income taxes, including the federal alternative minimum tax, and from Minnesota state personal income taxes. It will generally have a dollar-weighted average effective maturity of between 5 and 30 years.
Fees are Below Average compared to funds in the same category.
Delaware Minnesota High-Yield Municipal Bond Fund has an expense ratio of 0.89 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.