3 / 5 Stars
4 4 3 1 1
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#12 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 -2.14 percent over the past year, 3.48 percent over the past three years, 5.96 percent over the past five years, and 4.32 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-2.4%|
|3 Years (Annualized)||3.5%|
|5 Years (Annualized)||6.0%|
|10 Years (Annualized)||4.3%|
The investment seeks as high a level of current income exempt from federal and Minnesota state personal income tax as is consistent with preservation of capital. The fund normally invests at least 80% of net assets 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 invest assets in securities with maturities of various lengths, depending on market conditions. The fund generally has a dollar-weighted average effective maturity of between 5 and 30 years.
Fees are Below Average compared to funds in the same category.
Delaware Tax-Free Minnesota Fund has an expense ratio of 0.90 percent.
Risk is Average compared to funds in the same category according to Morningstar.