Delaware Minnesota High-Yield Municipal Bond Fund (DVMHX)
Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities the income from which is exempt from federal income tax, including the federal alternative minimum tax, and from Minnesota state personal income taxes. It will generally have a dollar-weighted average effective maturity of between 5 and 30 years.
Fund Info
US9289283163
928928316
Jun 3, 1996
$1,000
Expense Ratio
DVMHX has an expense ratio of 0.88%, 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 Minnesota High-Yield Municipal Bond Fund (DVMHX) returned -3.32% year-to-date (YTD) and 1.01% over the past 12 months. Over the past 10 years, DVMHX returned 2.00% annually, underperforming the S&P 500 benchmark at 10.85%.
DVMHX
-3.32%
0.00%
-4.56%
1.01%
1.01%
1.04%
2.00%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of DVMHX, 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 | 0.20% | 1.28% | -2.36% | -1.62% | -0.83% | -3.32% | |||||||
| 2024 | 0.40% | 0.39% | 0.30% | -1.20% | 0.52% | 2.44% | 0.80% | 0.69% | 1.47% | -1.36% | 1.77% | -1.75% | 4.47% |
| 2023 | 3.35% | -2.63% | 1.62% | 0.17% | -0.62% | 0.59% | 0.09% | -1.42% | -3.64% | -2.37% | 7.87% | 2.99% | 5.60% |
| 2022 | -1.94% | -0.54% | -2.45% | -3.54% | 1.12% | -2.56% | 3.05% | -2.17% | -5.02% | -1.41% | 4.86% | -0.23% | -10.70% |
| 2021 | 0.76% | -0.96% | 0.40% | 1.01% | 0.74% | 0.37% | 0.82% | -0.16% | -0.70% | -0.25% | 0.90% | 0.11% | 3.07% |
| 2020 | 1.75% | 1.29% | -6.48% | -2.97% | 3.57% | 2.19% | 2.07% | -0.13% | 0.22% | 0.14% | 1.65% | 0.95% | 3.91% |
| 2019 | 0.54% | 0.66% | 1.64% | 0.61% | 1.25% | 0.44% | 0.68% | 1.78% | -0.48% | 0.05% | 0.24% | 0.29% | 7.96% |
| 2018 | -1.25% | -0.08% | 0.42% | -0.31% | 1.10% | 0.08% | 0.13% | 0.25% | -0.58% | -0.89% | 0.74% | 1.22% | 0.80% |
| 2017 | 0.27% | 0.65% | 0.34% | 0.75% | 1.47% | 0.23% | 0.44% | 0.82% | -0.29% | 0.13% | 0.22% | 1.29% | 6.52% |
| 2016 | 0.93% | -0.17% | 0.54% | 0.73% | 0.26% | 1.73% | -0.09% | 0.27% | -0.38% | -0.66% | -3.67% | 0.93% | 0.33% |
| 2015 | 1.31% | -0.61% | 0.27% | -0.26% | -0.08% | 0.04% | 0.56% | 0.20% | 0.57% | 0.29% | 0.39% | 0.55% | 3.26% |
| 2014 | 2.08% | 0.96% | 0.51% | 1.07% | 1.35% | 0.21% | 0.22% | 1.15% | 0.40% | 0.87% | 0.12% | 0.66% | 10.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DVMHX is 14, meaning it’s performing worse than 86% 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 Minnesota High-Yield Municipal Bond Fund (DVMHX) 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 Minnesota High-Yield Municipal Bond Fund provided a 3.73% dividend yield over the last twelve months, with an annual payout of $0.36 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 | $0.36 | $0.36 | $0.34 | $0.29 | $0.27 | $0.33 | $0.33 | $0.34 | $0.42 | $0.35 | $0.38 | $0.43 |
Dividend yield | 3.73% | 3.57% | 3.42% | 2.98% | 2.40% | 2.95% | 3.00% | 3.23% | 3.86% | 3.31% | 3.47% | 3.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Delaware Minnesota High-Yield Municipal Bond 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 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 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 | $0.36 |
| 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 | $0.34 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2021 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2020 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.06 | $0.03 | $0.03 | $0.33 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.33 |
| 2018 | $0.02 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.02 | $0.05 | $0.06 | $0.42 |
| 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 | $0.35 |
| 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 | $0.38 |
| 2014 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.03 | $0.03 | $0.43 |
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 Minnesota High-Yield Municipal Bond 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 Minnesota High-Yield Municipal Bond Fund was 15.74%, occurring on Dec 15, 2008. Recovery took 165 trading sessions.
The current Delaware Minnesota High-Yield Municipal Bond Fund drawdown is 5.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.74% | Jan 24, 2008 | 226 | Dec 15, 2008 | 165 | Aug 12, 2009 | 391 |
| -15.56% | Aug 6, 2021 | 562 | Oct 30, 2023 | 273 | Nov 29, 2024 | 835 |
| -12.9% | Mar 2, 2020 | 15 | Mar 20, 2020 | 178 | Dec 2, 2020 | 193 |
| -9.66% | Apr 30, 1999 | 195 | Jan 28, 2000 | 246 | Jan 22, 2001 | 441 |
| -8.05% | Dec 9, 2024 | 83 | Apr 9, 2025 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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