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
US2459093041
245909304
Jan 6, 1993
$1,000
Expense Ratio
DMUSX has an expense ratio of 0.71%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Delaware Tax Free USA Intermediate Fund (DMUSX) returned -2.44% year-to-date (YTD) and 1.05% over the past 12 months. Over the past 10 years, DMUSX returned 1.96% annually, underperforming the S&P 500 benchmark at 10.84%.
DMUSX
-2.44%
0.05%
-3.25%
1.05%
1.64%
0.93%
1.96%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.39% | 1.18% | -2.19% | -1.15% | -0.65% | -2.44% | |||||||
| 2024 | 0.21% | 0.47% | 0.12% | -0.97% | 0.22% | 1.86% | 0.94% | 0.67% | 1.00% | -1.38% | 1.47% | -1.39% | 3.21% |
| 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% | -1.46% | 0.63% | 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% | 0.07% | 0.18% | 0.59% | 7.57% |
| 2018 | -0.87% | -0.19% | 0.32% | -0.24% | 1.04% | 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% | 0.14% | -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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DMUSX is 15, meaning it’s performing worse than 85% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
Delaware Tax Free USA Intermediate Fund provided a 3.77% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.38 | $0.35 | $0.32 | $0.39 | $0.38 | $0.40 | $0.45 | $0.34 | $0.36 | $0.37 |
Dividend yield | 3.77% | 3.60% | 3.40% | 3.25% | 2.55% | 3.14% | 3.15% | 3.45% | 3.74% | 2.90% | 2.93% | 2.99% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.04 | $0.04 | $0.00 | $0.13 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 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 | $0.03 | $0.03 | $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 | $0.04 | $0.03 | $0.39 |
| 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 | $0.03 | $0.03 | $0.34 |
| 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 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 5.04%.
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 |
| -9.55% | 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 chart below shows the rolling one-month volatility.
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