3 / 5 Stars
3 4 2 1 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
2 / 5 Stars
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 5.03 percent over the past year, 5.70 percent over the past three years, 5.37 percent over the past five years, and 4.62 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.4%|
|3 Years (Annualized)||5.7%|
|5 Years (Annualized)||5.4%|
|10 Years (Annualized)||4.6%|
The investment seeks a high level of current income that is exempt from federal income tax and from Minnesota state personal income taxes. The fund normally invests at least 80% of assets in municipal securities the income from which is exempt from federal income taxes and the Minnesota state personal income taxes. It invests in lower-rated municipal securities ("junk bonds"), which typically offer higher income potential and involve greater risk than higher-quality securities. The fund generally has a dollar-weighted average effective maturity of between 5 and 30 years.
Fees are High compared to funds in the same category.
Delaware Minnesota High-Yield Municipal Bond Fund has an expense ratio of 1.64 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.