DAZIX Performance — Delaware Tax-Free Arizona Fund, Institutional Class
Data updated: 2025-07-29
DAZIX returned −0.78% over one year to May 2025. Annualised returns are +0.04% over 3 years and +0.56% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $100, against $104 for the category, and to $99 over one year, against $101. Volatility over the past three years was 10.55% a year. In the 12 months to May 2025 the fund lost a net $2.0M, and assets reached $52.66M.
DAZIX Growth of $100
What $100 invested in Delaware Tax-Free Arizona Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | DAZIX | Category average |
|---|---|---|
| 1 year (Jun 2024 – May 2025) | $99 | $101 |
| 3 years (Jun 2022 – May 2025) | $100 | $104 |
| 5 years (Jun 2020 – May 2025) | $103 | $102 |
| Since data start (Sep 2019 – May 2025) | $101 | $102 |
DAZIX Trailing Returns
Total returns to May 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −0.78% |
| 3 years (annualised) | +0.04% |
| 5 years (annualised) | +0.56% |
DAZIX Annual Returns
Calendar-year total returns of Delaware Tax-Free Arizona Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–May) | −3.98% |
| 2024 | +3.04% |
| 2023 | +7.02% |
| 2022 | −13.51% |
| 2021 | +4.55% |
| 2020 | +5.50% |
| 2019 (Sep–Dec) | +0.13% |
DAZIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.0% | +1.2% | −2.2% | −1.7% | −1.3% | — | — | — | — | — | — | — |
| 2024 | 0.0% | +0.4% | −0.1% | −1.5% | +0.9% | +2.1% | +0.9% | +0.7% | +1.4% | −1.7% | +2.2% | −2.2% |
| 2023 | +4.0% | −3.6% | +2.1% | +0.3% | −0.8% | +0.6% | 0.0% | −2.4% | −4.4% | −2.6% | +10.2% | +4.3% |
| 2022 | −2.3% | −0.7% | −3.2% | −3.8% | +1.2% | −3.3% | +3.2% | −2.7% | −5.8% | −1.7% | +6.0% | −0.7% |
| 2021 | +1.1% | −1.1% | +0.4% | +1.3% | +0.8% | +0.9% | +1.0% | −0.4% | −0.9% | −0.2% | +1.2% | +0.3% |
| 2020 | +2.0% | +1.5% | −6.3% | −2.2% | +3.6% | +2.1% | +1.8% | −0.3% | +0.1% | −0.1% | +2.3% | +1.2% |
| 2019 | — | — | — | — | — | — | — | — | −0.5% | +0.1% | +0.2% | +0.4% |
DAZIX Risk
Risk measures from monthly returns over Jun 2022 – May 2025.
- 3-year volatility (annualised): 10.55%
- 3-year Sharpe ratio: -0.42 (vs 4.5% risk-free rate)
- Best month: +10.20% (Nov 2023)
- Worst month: −5.79% (Sep 2022)
DAZIX Fund Flows
Monthly money in and out of Delaware Tax-Free Arizona Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.0M
- 12-month gross sales (incl. reinvestments): $9.1M
- Sales ÷ redemptions: 0.82×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2025 | $633K | $1.4M | −$721K |
| Apr 2025 | $951K | $1.8M | −$841K |
| Mar 2025 | $715K | $972K | −$257K |
| Feb 2025 | $900K | $206K | $693K |
| Jan 2025 | $623K | $815K | −$192K |
| Dec 2024 | $1.2M | $1.6M | −$475K |
| Nov 2024 | $689K | $494K | $195K |
| Oct 2024 | $1.6M | $939K | $619K |
| Sep 2024 | $362K | $620K | −$258K |
| Aug 2024 | $780K | $901K | −$122K |
| Jul 2024 | $394K | $848K | −$453K |
| Jun 2024 | $384K | $586K | −$202K |
DAZIX Assets Under Management
Net assets of Delaware Tax-Free Arizona Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-05-30 | $52.66M |
| 2025-02-28 | $57.91M |
| 2024-11-29 | $58.99M |
| 2024-08-30 | $57.87M |
| 2024-05-31 | $57.07M |
| 2024-02-29 | $58.21M |
| 2023-11-30 | $56.68M |
| 2023-08-31 | $59.27M |
| 2023-05-31 | $60.99M |
| 2023-02-28 | $62.77M |
| 2022-11-30 | $70.70M |
| 2022-08-31 | $76.77M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.