3 / 5 Stars
3 3 2 1 4
Zacks Investment Research
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 -4.54 percent over the past year, 3.47 percent over the past three years, 6.52 percent over the past five years, and 3.76 percent over the past decade.
|Trailing Returns||Updated 11.30.2013|
|Year to date||-3.5%|
|3 Years (Annualized)||3.5%|
|5 Years (Annualized)||6.5%|
|10 Years (Annualized)||3.8%|
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.