DVMMX Performance — Macquarie Minnesota High-Yield Municipal Bond Fund, Class C
Data updated: 2026-07-27
DVMMX returned +1.97% year to date and +7.98% over one year to May 2026. Annualised returns are +3.72% over 3 years and +0.20% over 5 years. Against its High Yield Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $112, against $126 for the category, and to $108 over one year, against $107. Volatility over the past three years was 7.15% a year. In the 12 months to May 2026 the fund took in a net $5.9M, and assets reached $239.58M.
DVMMX Growth of $100
What $100 invested in Macquarie Minnesota High-Yield Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | DVMMX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $107 |
| 3 years (Jun 2023 – May 2026) | $112 | $126 |
| 5 years (Jun 2021 – May 2026) | $101 | $120 |
| Since data start (Sep 2019 – May 2026) | $105 | $132 |
DVMMX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.97% |
| 1 year | +7.98% |
| 3 years (annualised) | +3.72% |
| 5 years (annualised) | +0.20% |
DVMMX Annual Returns
Calendar-year total returns of Macquarie Minnesota High-Yield Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.97% |
| 2025 | +2.19% |
| 2024 | +3.68% |
| 2023 | +4.77% |
| 2022 | −11.37% |
| 2021 | +2.30% |
| 2020 | +2.78% |
| 2019 (Sep–Dec) | −0.34% |
DVMMX 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 | +0.7% | +1.6% | −2.6% | +1.6% | +0.8% | — | — | — | — | — | — | — |
| 2025 | +0.1% | +1.2% | −2.4% | −1.7% | −0.8% | +0.6% | −1.2% | +0.8% | +3.8% | +1.4% | +0.4% | +0.1% |
| 2024 | +0.3% | +0.3% | +0.2% | −1.3% | +0.4% | +2.4% | +0.7% | +0.6% | +1.4% | −1.4% | +1.7% | −1.8% |
| 2023 | +3.3% | −2.7% | +1.5% | +0.1% | −0.7% | +0.5% | 0.0% | −1.5% | −3.7% | −2.4% | +7.8% | +2.9% |
| 2022 | −2.0% | −0.6% | −2.5% | −3.6% | +1.1% | −2.6% | +3.0% | −2.2% | −5.2% | −1.5% | +4.9% | −0.3% |
| 2021 | +0.7% | −1.0% | +0.3% | +0.9% | +0.7% | +0.4% | +0.7% | −0.2% | −0.8% | −0.3% | +0.8% | 0.0% |
| 2020 | +1.7% | +1.2% | −6.5% | −3.0% | +3.5% | +2.1% | +2.0% | −0.2% | +0.2% | −0.1% | +1.4% | +0.9% |
| 2019 | — | — | — | — | — | — | — | — | −0.5% | 0.0% | +0.2% | +0.1% |
DVMMX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 7.15%
- 3-year Sharpe ratio: -0.11 (vs 4.5% risk-free rate)
- Best month: +7.79% (Nov 2023)
- Worst month: −3.69% (Sep 2023)
DVMMX Fund Flows
Monthly money in and out of Macquarie Minnesota High-Yield Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $5.9M
- 12-month gross sales (incl. reinvestments): $90.8M
- Sales ÷ redemptions: 1.07×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $7.5M | $4.0M | $3.5M |
| Apr 2026 | $6.5M | $4.6M | $1.8M |
| Mar 2026 | $9.6M | $4.3M | $5.4M |
| Feb 2026 | $4.8M | $3.2M | $1.6M |
| Jan 2026 | $4.9M | $4.0M | $961K |
| Dec 2025 | $7.8M | $5.8M | $1.9M |
| Nov 2025 | $8.9M | $5.7M | $3.2M |
| Oct 2025 | $7.1M | $11.5M | −$4.4M |
| Sep 2025 | $9.1M | $11.0M | −$1.9M |
| Aug 2025 | $8.4M | $6.8M | $1.7M |
| Jul 2025 | $8.7M | $7.2M | $1.4M |
| Jun 2025 | $7.5M | $16.8M | −$9.3M |
DVMMX Assets Under Management
Net assets of Macquarie Minnesota High-Yield Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $239.58M |
| 2026-02-27 | $231.36M |
| 2025-11-28 | $223.11M |
| 2025-08-29 | $216.02M |
| 2025-05-30 | $223.50M |
| 2025-02-28 | $237.60M |
| 2024-11-29 | $236.27M |
| 2024-08-30 | $223.29M |
| 2024-05-31 | $209.16M |
| 2024-02-29 | $210.51M |
| 2023-11-30 | $200.31M |
| 2023-08-31 | $203.89M |
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.