DVMMX

About DVMMX

Macquarie Minnesota High-Yield Municipal Bond Fund Class C is a mutual fund specializing in fixed-income securities, primarily investing in municipal bonds issued within the state of Minnesota. The fund’s primary objective is to generate a high level of current income that is exempt from both federal and Minnesota state personal income taxes. Its portfolio is predominantly composed of lower-rated municipal bonds, commonly referred to as high-yield or "junk" bonds, which offer enhanced income potential in exchange for increased credit risk compared to higher-grade municipal securities. The fund strategically allocates at least 80% of its assets to Minnesota municipal debt obligations and adjusts the average maturity of its holdings—typically between 15 and 25 years—based on prevailing market conditions. Managed by Delaware Management Company since its inception in June 1996, the fund’s monthly distributions cater especially to Minnesota residents seeking tax-advantaged income. The fund’s holdings span a variety of sectors impacting public infrastructure, health care, and education within Minnesota, underscoring its role in supporting state and local development while providing investors with income diversification through municipal securities.