DMNIX Performance — Macquarie Tax-Free Minnesota Fund, Institutional Class
Data updated: 2026-07-27
DMNIX returned +2.00% year to date and +8.66% over one year to May 2026. Annualised returns are +3.98% over 3 years and +0.83% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $112, against $112 for the category, and to $109 over one year, against $107. Volatility over the past three years was 6.63% a year. In the 12 months to May 2026 the fund lost a net $25.4M, and assets reached $530.52M.
DMNIX Growth of $100
What $100 invested in Macquarie Tax-Free Minnesota 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 | DMNIX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $109 | $107 |
| 3 years (Jun 2023 – May 2026) | $112 | $112 |
| 5 years (Jun 2021 – May 2026) | $104 | $103 |
| Since data start (Sep 2019 – May 2026) | $109 | $109 |
DMNIX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.00% |
| 1 year | +8.66% |
| 3 years (annualised) | +3.98% |
| 5 years (annualised) | +0.83% |
DMNIX Annual Returns
Calendar-year total returns of Macquarie Tax-Free Minnesota Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.00% |
| 2025 | +3.56% |
| 2024 | +3.02% |
| 2023 | +4.86% |
| 2022 | −9.65% |
| 2021 | +2.39% |
| 2020 | +3.94% |
| 2019 (Sep–Dec) | −0.23% |
DMNIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.6% | −2.6% | +1.6% | +0.8% | — | — | — | — | — | — | — |
| 2025 | +0.2% | +1.2% | −2.3% | −1.1% | −0.8% | +0.7% | −0.9% | +1.0% | +3.6% | +1.4% | +0.4% | +0.1% |
| 2024 | +0.2% | +0.2% | +0.1% | −1.1% | +0.2% | +2.0% | +0.8% | +0.7% | +1.3% | −1.4% | +1.8% | −1.7% |
| 2023 | +3.0% | −2.5% | +1.6% | +0.2% | −0.7% | +0.4% | +0.2% | −1.4% | −3.5% | −2.0% | +7.2% | +2.7% |
| 2022 | −2.0% | −0.5% | −2.8% | −2.8% | +1.1% | −2.1% | +2.6% | −2.1% | −4.4% | −1.1% | +4.7% | −0.2% |
| 2021 | +0.5% | −1.1% | +0.5% | +0.9% | +0.6% | +0.3% | +0.8% | −0.2% | −0.7% | −0.1% | +0.8% | +0.2% |
| 2020 | +1.6% | +1.2% | −4.8% | −2.3% | +3.3% | +1.5% | +1.7% | −0.2% | +0.1% | −0.2% | +1.4% | +0.7% |
| 2019 | — | — | — | — | — | — | — | — | −0.6% | +0.1% | +0.2% | +0.1% |
DMNIX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.63%
- 3-year Sharpe ratio: -0.08 (vs 4.5% risk-free rate)
- Best month: +7.22% (Nov 2023)
- Worst month: −3.46% (Sep 2023)
DMNIX Fund Flows
Monthly money in and out of Macquarie Tax-Free Minnesota Fund, from SEC Form N-PORT.
- 12-month net flow: −$25.4M
- 12-month gross sales (incl. reinvestments): $146.8M
- Sales ÷ redemptions: 0.85×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $7.5M | $8.6M | −$1.1M |
| Apr 2026 | $6.1M | $10.3M | −$4.2M |
| Mar 2026 | $5.6M | $10.4M | −$4.9M |
| Feb 2026 | $6.9M | $6.2M | $742K |
| Jan 2026 | $7.2M | $6.5M | $698K |
| Dec 2025 | $10.7M | $20.3M | −$9.6M |
| Nov 2025 | $11.5M | $7.4M | $4.1M |
| Oct 2025 | $8.7M | $11.2M | −$2.5M |
| Sep 2025 | $9.4M | $16.8M | −$7.4M |
| Aug 2025 | $10.7M | $18.5M | −$7.7M |
| Jul 2025 | $36.3M | $22.7M | $13.5M |
| Jun 2025 | $26.1M | $33.1M | −$7.0M |
DMNIX Assets Under Management
Net assets of Macquarie Tax-Free Minnesota Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $530.52M |
| 2026-02-27 | $547.91M |
| 2025-11-28 | $548.21M |
| 2025-08-29 | $530.35M |
| 2025-05-30 | $532.55M |
| 2025-02-28 | $564.01M |
| 2024-11-29 | $563.41M |
| 2024-08-30 | $549.43M |
| 2024-05-31 | $482.12M |
| 2024-02-29 | $493.29M |
| 2023-11-30 | $481.54M |
| 2023-08-31 | $488.56M |
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.