DEFFX

About DEFFX

Macquarie Tax-Free Minnesota Fund Class A is a municipal bond mutual fund designed to provide investors with a high level of current income that is exempt from both federal and Minnesota state personal income taxes. The fund primarily invests in a diversified portfolio of municipal debt securities issued by state and local governments and agencies within Minnesota. It targets bonds supporting a wide array of public infrastructure and community projects, including healthcare, education, utilities, and transportation. This approach allows the fund to play a crucial role in local economic development while offering tax advantages to Minnesota residents. The fund typically features a medium-to-extensive interest rate sensitivity profile and maintains a moderate credit quality standard. With over 300 holdings and substantial fund assets under management, it serves as an important fixed-income allocation for investors seeking tax-efficient income, capital preservation, and exposure to municipal securities markets. The fund pays monthly income distributions and is managed by a team specializing in municipal bond research and portfolio construction.