DMUSX

About DMUSX

The Macquarie Tax-Free USA Intermediate Fund Class A is a municipal bond mutual fund designed to provide investors with a high level of current interest income that is exempt from federal income tax. This fund primarily invests in a diversified portfolio of investment-grade U.S. municipal securities, focusing on intermediate-term bonds to balance yield with interest rate sensitivity. Notable features include its ability to invest up to 20% of assets in high-yield (or "junk") municipal bonds, providing additional income opportunities while accepting a measured level of credit risk. The fund employs a disciplined, bottom-up research approach to credit analysis, emphasizing security selection and responsible risk management to preserve capital and enhance after-tax returns over time. With an effective duration of approximately seven years and a target maturity range that generally spans five to twelve years, the fund is suited for investors seeking tax-advantaged income without taking on the volatility typical of longer-term strategies. The Macquarie Tax-Free USA Intermediate Fund Class A plays a significant role for investors aiming to optimize tax efficiency and income within the municipal bond market.