DMIIX Performance — Delaware Tax-Free Minnesota Intermediate Fund, Institutional Class
Data updated: 2024-07-29
DMIIX returned +3.35% over one year to May 2024. The annualised 3-year return is −1.08%. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $97, against $96 for the category, and to $103 over one year, against $103. Volatility over the past three years was 7.25% a year. In the 12 months to May 2024 the fund took in a net $36.9M, and assets reached $54.53M.
DMIIX Growth of $100
What $100 invested in Delaware Tax-Free Minnesota Intermediate Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | DMIIX | Category average |
|---|---|---|
| 1 year (Jun 2023 – May 2024) | $103 | $103 |
| 3 years (Jun 2021 – May 2024) | $97 | $96 |
| Since data start (Sep 2019 – May 2024) | $100 | $101 |
DMIIX Trailing Returns
Total returns to May 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +3.35% |
| 3 years (annualised) | −1.08% |
DMIIX Annual Returns
Calendar-year total returns of Delaware Tax-Free Minnesota Intermediate Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–May) | −0.94% |
| 2023 | +5.74% |
| 2022 | −8.34% |
| 2021 | +1.53% |
| 2020 | +3.15% |
| 2019 (Sep–Dec) | −0.14% |
DMIIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.0% | +0.2% | +0.1% | −1.0% | −0.2% | — | — | — | — | — | — | — |
| 2023 | +2.7% | −2.2% | +1.7% | +0.1% | −0.7% | +0.8% | +0.3% | −1.1% | −3.0% | −1.6% | +6.6% | +2.6% |
| 2022 | −2.2% | −0.5% | −2.9% | −2.8% | +1.2% | −1.5% | +2.6% | −2.3% | −3.9% | −0.8% | +4.4% | +0.1% |
| 2021 | +0.4% | −1.4% | +0.5% | +0.7% | +0.4% | +0.3% | +0.8% | −0.3% | −0.7% | −0.2% | +0.7% | +0.2% |
| 2020 | +1.5% | +1.2% | −4.3% | −2.1% | +3.0% | +1.1% | +1.5% | −0.3% | +0.2% | −0.2% | +1.3% | +0.4% |
| 2019 | — | — | — | — | — | — | — | — | −0.6% | +0.1% | +0.1% | +0.2% |
DMIIX Risk
Risk measures from monthly returns over Jun 2021 – May 2024.
- 3-year volatility (annualised): 7.25%
- 3-year Sharpe ratio: -0.77 (vs 4.5% risk-free rate)
- Best month: +6.60% (Nov 2023)
- Worst month: −3.85% (Sep 2022)
DMIIX Fund Flows
Monthly money in and out of Delaware Tax-Free Minnesota Intermediate Fund, from SEC Form N-PORT.
- 12-month net flow: $36.9M
- 12-month gross sales (incl. reinvestments): $16.5M
- Sales ÷ redemptions: -0.81×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2024 | $287K | $1.8M | −$1.5M |
| Apr 2024 | $3.3M | $1.5M | $1.8M |
| Mar 2024 | $518K | $2.4M | −$1.8M |
| Feb 2024 | $529K | −$2.1M | $2.6M |
| Jan 2024 | $2.3M | −$3.7M | $5.9M |
| Dec 2023 | $2.3M | −$3.4M | $5.7M |
| Nov 2023 | $3.0M | −$5.5M | $8.4M |
| Oct 2023 | $945K | −$3.8M | $4.7M |
| Sep 2023 | $1.3M | −$1.7M | $3.0M |
| Aug 2023 | $674K | −$2.6M | $3.2M |
| Jul 2023 | $413K | −$860K | $1.3M |
| Jun 2023 | $1.0M | −$2.5M | $3.5M |
DMIIX Assets Under Management
Net assets of Delaware Tax-Free Minnesota Intermediate Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-05-31 | $54.53M |
| 2024-02-29 | $57.13M |
| 2023-11-30 | $60.08M |
| 2023-08-31 | $65.56M |
| 2023-05-31 | $69.96M |
| 2023-02-28 | $71.06M |
| 2022-11-30 | $79.10M |
| 2022-08-31 | $79.10M |
| 2022-05-31 | $81.61M |
| 2022-02-28 | $85.37M |
| 2021-11-30 | $89.37M |
| 2021-08-31 | $90.36M |
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.