Delaware Tax Free USA Intermediate Fund (DMUSX)
The investment seeks as high a level of current interest income exempt from federal income tax as is available from municipal obligations and as is consistent with prudent investment management and preservation of capital. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities the income from which is exempt from federal income tax, including the federal alternative minimum tax. It will invest primarily in municipal debt obligations that are issued by state and local governments to raise funds for various public purposes such as hospitals, schools, and general capital expenses.
Fund Info
ISIN | US2459093041 |
---|---|
CUSIP | 245909304 |
Issuer | Delaware Funds |
Inception Date | Jan 6, 1993 |
Category | Municipal Bonds |
Min. Investment | $1,000 |
Asset Class | Bond |
Expense Ratio
DMUSX has a high expense ratio of 0.71%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Delaware Tax Free USA Intermediate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Delaware Tax Free USA Intermediate Fund had a return of 0.92% year-to-date (YTD) and 6.04% in the last 12 months. Over the past 10 years, Delaware Tax Free USA Intermediate Fund had an annualized return of 2.25%, while the S&P 500 had an annualized return of 10.99%, indicating that Delaware Tax Free USA Intermediate Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.92% | 11.18% |
1 month | 1.30% | 5.60% |
6 months | 6.72% | 17.48% |
1 year | 6.04% | 26.33% |
5 years (annualized) | 1.52% | 13.16% |
10 years (annualized) | 2.25% | 10.99% |
Monthly Returns
The table below presents the monthly returns of DMUSX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.22% | 0.46% | 0.12% | -0.97% | 0.92% | ||||||||
2023 | 3.39% | -2.47% | 1.79% | 0.37% | -0.45% | 0.84% | 0.11% | -1.37% | -2.89% | -1.72% | 7.25% | 2.99% | 7.66% |
2022 | -2.91% | -0.80% | -2.85% | -3.97% | 1.35% | -2.55% | 3.13% | -2.19% | -4.55% | -1.33% | 4.45% | -0.27% | -12.19% |
2021 | 1.04% | -1.47% | 0.64% | 1.03% | 0.70% | 0.61% | 0.84% | -0.35% | -0.91% | -0.35% | 1.09% | 0.37% | 3.25% |
2020 | 1.89% | 1.71% | -5.85% | -1.45% | 3.38% | 1.82% | 1.80% | -0.16% | -0.18% | 0.11% | 1.79% | 1.22% | 5.93% |
2019 | 0.70% | 0.62% | 1.52% | 0.33% | 1.34% | 0.43% | 0.73% | 1.56% | -0.73% | 0.08% | 0.18% | 0.59% | 7.57% |
2018 | -0.87% | -0.19% | 0.32% | -0.24% | 1.05% | 0.21% | 0.16% | 0.19% | -0.56% | -0.77% | 0.63% | 0.97% | 0.89% |
2017 | 0.50% | 0.87% | 0.24% | 0.68% | 1.42% | -0.08% | 0.59% | 0.84% | -0.23% | 0.06% | -0.17% | 1.00% | 5.86% |
2016 | 1.16% | -0.01% | 0.30% | 0.56% | 0.15% | 1.37% | 0.06% | 0.15% | -0.42% | -1.00% | -4.00% | 0.83% | -0.96% |
2015 | 1.55% | -0.90% | 0.13% | -0.42% | -0.34% | -0.25% | 0.50% | 0.17% | 0.61% | 0.41% | 0.26% | 0.65% | 2.39% |
2014 | 1.61% | 0.97% | -0.26% | 1.07% | 1.15% | -0.10% | 0.16% | 1.06% | -0.11% | 0.78% | 0.16% | 0.39% | 7.09% |
2013 | 0.40% | 0.37% | -0.33% | 0.95% | -1.21% | -2.70% | -0.34% | -1.27% | 1.52% | 0.76% | -0.35% | -0.35% | -2.59% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DMUSX is 35, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
DMUSX (Delaware Tax Free USA Intermediate Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Delaware Tax Free USA Intermediate Fund (DMUSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Delaware Tax Free USA Intermediate Fund granted a 3.49% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.39 | $0.38 | $0.35 | $0.32 | $0.38 | $0.38 | $0.40 | $0.45 | $0.31 | $0.36 | $0.37 | $0.34 |
Dividend yield | 3.49% | 3.40% | 3.25% | 2.55% | 3.07% | 3.14% | 3.43% | 3.74% | 2.66% | 2.93% | 2.99% | 2.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Delaware Tax Free USA Intermediate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.13 | |||||||
2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
2022 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.32 |
2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.38 |
2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.38 |
2018 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.06 | $0.45 |
2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.31 |
2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.37 |
2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Delaware Tax Free USA Intermediate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Delaware Tax Free USA Intermediate Fund was 16.40%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Delaware Tax Free USA Intermediate Fund drawdown is 4.83%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-16.4% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
-12.49% | Mar 3, 2020 | 14 | Mar 20, 2020 | 168 | Nov 17, 2020 | 182 |
-9.54% | Feb 1, 1994 | 210 | Nov 21, 1994 | 486 | Sep 30, 1996 | 696 |
-7.95% | Jan 24, 2008 | 185 | Oct 16, 2008 | 61 | Jan 14, 2009 | 246 |
-5.94% | Sep 3, 2010 | 94 | Jan 18, 2011 | 135 | Aug 1, 2011 | 229 |
Volatility
Volatility Chart
The current Delaware Tax Free USA Intermediate Fund volatility is 0.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.