DMIIX — Delaware Tax-Free Minnesota Intermediate Fund
Data updated: 2024-07-29
DMIIX — Delaware Tax-Free Minnesota Intermediate Fund. Long Municipal - National Bond · $54.53M AUM. Holdings, fees, performance and SEC filings.
DMIIX Fund Overview
DMIIX — Delaware Tax-Free Minnesota Intermediate Fund is a US mutual fund managed by Voyageur Intermediate Tax Free Funds, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Voyageur Intermediate Tax Free Funds
- Category: Long Municipal - National Bond
- Assets under management: $54.53M
- 1-year return: 3.4%
- Ticker: DMIIX
- SEC CIK: 0000773675
- SEC series ID: S000002408
- Share class ID: C000135929
DMIIX Investment Objective and Strategy
Delaware Tax-Free Minnesota Intermediate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Voyageur Intermediate Tax Free Funds.
Investment objective
Delaware Tax-Free Minnesota Intermediate Fund seeks to provide investors with preservation of capital and, secondarily, current income exempt from federal income tax and Minnesota state personal income taxes, by maintaining a dollar-weighted average effective portfolio maturity of 10 years or less.
Principal investment strategy
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 tax, including the federal alternative minimum tax, and from Minnesota state personal income taxes. This is a fundamental investment policy that may not be changed without prior shareholder approval. The Fund is required to derive at least 95% of its income from Minnesota obligations in order for any of its income to be exempt from Minnesota state personal income taxes. Municipal debt obligations are issued by state and local governments to raise funds for various public purposes such as hospitals, schools, and general capital expenses. The types of municipal debt obligations in which the Fund may invest include, but are not limited to, advance refunded bonds, revenue bonds, general obligation bonds, insured municipal bonds, private activity bonds, municipal leases, and certificates of participation.
The Fund will invest its assets in securities with maturities of various lengths, depending on market conditions. The Manager will adjust the average maturity of the bonds in the portfolio to attempt to provide a high level of tax-exempt income consistent with preservation of capital. The Fund?s income level will vary depending on current interest rates and the specific securities in the portfolio. The Fund may concentrate its investments in certain types of bonds or in a certain segment of the municipal bond market when the supply of bonds in other sectors does not suit its investment needs. The Fund may invest in insured municipal bonds. Under normal circumstances, the Fund will maintain a dollar-weighted average effective maturity of more than 3 years but less than 10 years.
DMIIX Holdings
Top 10 holdings of Delaware Tax-Free Minnesota Intermediate Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Rochester Mn Hlth Care Facs Re | 5.80% |
| Duluth Mn Econ Dev Auth Hlth C | 4.82% |
| Hennepin Cnty Mn | 2.83% |
| Minneapolis Mn Spl Sch Dist #1 | 2.50% |
| Saint Paul Mn Port Auth Sol Ws | 2.46% |
| Minneapolis Mn Hlth Care Sys R | 2.21% |
| Minnesota St | 2.05% |
| Minneapolis-Saint Paul Mn Met | 1.91% |
| Maple Grove Mn Hlth Care Facs | 1.87% |
| Minnesota St Hgr Edu Facs Auth | 1.83% |
DMIIX Portfolio Allocation
Asset-class allocation of Delaware Tax-Free Minnesota Intermediate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 96.4% |
DMIIX Performance
Total returns for DMIIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.4% |
| 3 years (annualised) | -1.1% |
DMIIX Risk Information
Risk metrics for DMIIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.3%
DMIIX Costs and Fees
DMIIX costs about $56 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.56%
- Gross expense ratio: 0.85%
- Portfolio turnover: 32%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
DMIIX Cashflows
Over the 12 months to 2024-05, Delaware Tax-Free Minnesota Intermediate Fund had net inflows of $36.92M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-05 | −$1.49M |
| 2024-04 | $1.79M |
| 2024-03 | −$1.85M |
| 2024-02 | $2.61M |
| 2024-01 | $5.94M |
| 2023-12 | $5.74M |
DMIIX Debt Constituents
Largest debt holdings of Delaware Tax-Free Minnesota Intermediate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Rochester Mn Hlth Care Facs Re | 5.80% |
| Duluth Mn Econ Dev Auth Hlth C | 4.82% |
| Hennepin Cnty Mn | 2.83% |
| Minneapolis Mn Spl Sch Dist #1 | 2.50% |
| Saint Paul Mn Port Auth Sol Ws | 2.46% |
| Minneapolis Mn Hlth Care Sys R | 2.21% |
| Minnesota St | 2.05% |
| Minneapolis-Saint Paul Mn Met | 1.91% |
| Maple Grove Mn Hlth Care Facs | 1.87% |
| Minnesota St Hgr Edu Facs Auth | 1.83% |
DMIIX Prospectus and SEC Filings
Official Delaware Tax-Free Minnesota Intermediate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-12-28
- Prospectus (485BPOS) — filed 2022-12-28
- Prospectus (485BPOS) — filed 2021-12-28
- Portfolio holdings (N-PORT) — filed 2024-07-29
- Portfolio holdings (N-PORT) — filed 2024-04-23
- Portfolio holdings (N-PORT) — filed 2024-01-26
- Annual census (N-CEN) — filed 2023-11-08
- Annual census (N-CEN) — filed 2022-11-09
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.