Delaware Tax-Free Arizona Fund (VAZIX)
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 Arizona state personal income taxes. It will generally have a dollar-weighted average effective maturity of between 5 and 30 years.
Fund Info
US9289162045
928916204
Mar 31, 1991
$1,000
Expense Ratio
VAZIX has an expense ratio of 0.84%, 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 Arizona Fund (VAZIX) returned -4.18% year-to-date (YTD) and -0.32% over the past 12 months. Over the past 10 years, VAZIX returned 1.75% annually, underperforming the S&P 500 benchmark at 10.84%.
VAZIX
-4.18%
-0.62%
-5.75%
-0.32%
-0.15%
0.36%
1.75%
^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 VAZIX, 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 | 0.09% | 1.05% | -2.23% | -1.70% | -1.42% | -4.18% | |||||||
| 2024 | 0.01% | 0.38% | 0.00% | -1.65% | 0.89% | 2.06% | 0.87% | 0.67% | 1.34% | -1.61% | 2.12% | -2.19% | 2.81% |
| 2023 | 3.98% | -3.61% | 2.08% | 0.26% | -0.82% | 0.57% | -0.03% | -2.40% | -4.41% | -2.56% | 10.06% | 4.33% | 6.77% |
| 2022 | -2.32% | -0.68% | -3.25% | -3.72% | 1.09% | -3.35% | 3.16% | -2.71% | -5.81% | -1.76% | 5.95% | -0.71% | -13.73% |
| 2021 | 1.10% | -1.22% | 0.48% | 1.32% | 0.80% | 0.87% | 0.86% | -0.30% | -0.88% | -0.21% | 1.17% | 0.29% | 4.31% |
| 2020 | 2.05% | 1.52% | -6.33% | -2.27% | 3.58% | 2.10% | 1.72% | -0.19% | 0.06% | 0.18% | 2.36% | 1.17% | 5.70% |
| 2019 | 0.55% | 0.48% | 1.41% | 0.35% | 1.06% | 0.46% | 0.67% | 1.99% | -0.52% | 0.07% | 0.17% | 0.55% | 7.46% |
| 2018 | -0.89% | -0.09% | 0.34% | -0.26% | 0.98% | 0.21% | 0.07% | 0.28% | -0.51% | -0.46% | 0.55% | 0.74% | 0.94% |
| 2017 | 0.36% | 0.55% | 0.16% | 0.46% | 1.14% | 0.27% | 0.61% | 0.62% | -0.24% | 0.16% | 0.19% | 1.16% | 5.59% |
| 2016 | 0.97% | 0.28% | 0.52% | 0.70% | 0.35% | 1.73% | -0.16% | 0.19% | -0.40% | -0.84% | -3.34% | 0.99% | 0.89% |
| 2015 | 1.83% | -1.18% | 0.51% | -0.59% | -0.25% | -0.42% | 0.80% | 0.27% | 0.54% | 0.18% | 0.37% | 0.97% | 3.05% |
| 2014 | 2.38% | 0.94% | 0.61% | 1.31% | 1.48% | 0.31% | 0.40% | 1.27% | 0.11% | 1.20% | 0.37% | 0.88% | 11.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VAZIX is 6, meaning it’s performing worse than 94% 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 Arizona Fund (VAZIX) 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 Arizona Fund provided a 3.60% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.36 | $0.34 | $0.32 | $0.37 | $0.38 | $0.40 | $0.39 | $0.46 | $0.38 | $0.38 | $0.44 |
Dividend yield | 3.60% | 3.46% | 3.25% | 3.17% | 3.13% | 3.21% | 3.46% | 3.52% | 4.00% | 3.35% | 3.25% | 3.83% |
Monthly Dividends
The table displays the monthly dividend distributions for Delaware Tax-Free Arizona 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.10 | $0.02 | $0.37 |
| 2020 | $0.04 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.04 | $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 | $0.07 | $0.40 |
| 2018 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 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 | $0.46 |
| 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 | $0.38 |
| 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.07 | $0.03 | $0.03 | $0.44 |
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 Arizona 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 Arizona Fund was 20.17%, occurring on Oct 30, 2023. The portfolio has not yet recovered.
The current Delaware Tax-Free Arizona Fund drawdown is 9.28%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.17% | Aug 6, 2021 | 562 | Oct 30, 2023 | — | — | — |
| -13.48% | Mar 2, 2020 | 16 | Mar 23, 2020 | 169 | Nov 19, 2020 | 185 |
| -13.2% | Feb 1, 1994 | 210 | Nov 21, 1994 | 126 | May 16, 1995 | 336 |
| -11.19% | Jan 24, 2008 | 185 | Oct 16, 2008 | 127 | Apr 21, 2009 | 312 |
| -9.78% | Dec 10, 2012 | 186 | Sep 5, 2013 | 227 | Jul 31, 2014 | 413 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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