Mutual Fund Insights: Delaware MN Hi-Yld Muni A Fund (DVMHX)

In-depth Analysis of Delaware MN Hi-Yld Muni A Fund (DVMHX)

3 months 6 months 1 year 3 year 5 year

See Delaware MN Hi-Yld Muni A Fund (DVMHX) performance details as of February 28, 2010

  

Last Trade: $10.36 on 3/19/2010, Change: +0.01 (0.1%)

  

Fund Manager - Stephen J. Czepiel

Fund Manager Tenure: 2.7 years   [Similar Funds: DVMMX  DVMYX ]
Fundmojo Fund Grade: B (Score: 0.69)     (What does this score mean?)

Stephen J. Czepiel is a senior vice president, senior municipal bond trader and head of municipal bond trading with Delaware Investments, his employer since July 2004. Previously, Stephen J. Czepiel was vice president at both Mesirow Financial and Loop Capital Markets. Stephen J. Czepiel began his career in the securities industry in 1982 as a municipal bond trader at Kidder Peabody and now has more than 20 years of experience in municipal securities trading.  Get more insights on Stephen J. Czepiel

  

 What we like about Delaware MN Hi-Yld Muni A Fund (DVMHX)

Data for Delaware MN Hi-Yld Muni A Fund (DVMHX) as of February 28, 2010

• Delaware MN Hi-Yld Muni A Fund (DVMHX) is a new fund and has been performing well against its peers for both three-month and 1-year performance
• Delaware MN Hi-Yld Muni A Fund (DVMHX) has good short-term performance (1-year return 15.05% vs 11.06 % Muni Minnesota category average)
• Delaware MN Hi-Yld Muni A Fund (DVMHX) has good Long-term performance (5-year return 4.21% vs 3.74 % Muni Minnesota category average)
• Delaware MN Hi-Yld Muni A Fund (DVMHX) ratio of up-years vs down years is greater than 2
• Delaware MN Hi-Yld Muni A Fund (DVMHX) has a Morningstar rating of 4 and above
• Delaware MN Hi-Yld Muni A Fund (DVMHX) has a lower management fee than its Muni Minnesota average: 0.93% vs 1.12%

  

 What we are cautious about Delaware MN Hi-Yld Muni A Fund (DVMHX)

Data for Delaware MN Hi-Yld Muni A Fund (DVMHX) as of February 28, 2010

• Delaware MN Hi-Yld Muni A Fund (DVMHX) management has been with Delaware MN Hi-Yld Muni A Fund for only 2.7 years, it is hard to judge manager's ability based on this fund's operation record
• Delaware MN Hi-Yld Muni A Fund (DVMHX) has a less-than-ideal mid-term performance (3-year return 3.17% vs 3.34 % Muni Minnesota category average)
• Delaware MN Hi-Yld Muni A Fund (DVMHX) is less safe compared to its Muni Minnesota peers
• Delaware MN Hi-Yld Muni A Fund (DVMHX) has an annual stock turnover rate of 20.00% that is higher than the Muni Minnesota average of 19.58%. This could mean Delaware MN Hi-Yld Muni A is more nimble, but also signal potential high tax impact and high trading fees
• Delaware MN Hi-Yld Muni A Fund (DVMHX) does not have a good risk adjusted return as its 3-year Alpha of -1.94 is worse than category average of -1.08, and its 3-year Sharpe ratio is 0.2
• Delaware MN Hi-Yld Muni A Fund (DVMHX) is more volatile than its peers as it has a 3-year Standard Deviation of 8.27 that is higher than category average of 6.46
• Delaware MN Hi-Yld Muni A Fund (DVMHX) carries a 4.5% load

See Delaware MN Hi-Yld Muni A Fund (DVMHX) performance details as of February 28, 2010

  

  

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Delaware MN Hi-Yld Muni A Fund (DVMHX) Net Asset

Track net asset change of Delaware MN Hi-Yld Muni A fund (DVMHX)

Date	Net Asset
02/2010	$145.61M
01/2010	$112.59M
11/2009	$112.40M

More historic net asset information on Delaware MN Hi-Yld Muni A Fund (DVMHX)

  

Delaware MN Hi-Yld Muni A Fund (DVMHX) Portfolio Allocation

Track portfolio allocation change of Delaware MN Hi-Yld Muni A fund (DVMHX)

Date	Cash	Stock	Bond	Other
09/2009	2.3%	0%	97.7%	0%
06/2009	2.26%	0%	97.74%	0%
03/2009	1.64%	0%	98.36%	0%

Click here to see more historic asset allocation information on Delaware MN Hi-Yld Muni A Fund (DVMHX)

  

Most Recent Top 10 Holdings in Delaware MN Hi-Yld Muni A Fund (DVMHX)

Discover what Delaware MN Hi-Yld Muni A Fund (DVMHX) manager is buying

30-Sep-09 Univ Minn Spl Purp Rev Spec Purp 5% [1.98%] Minnesota St Mun Pwr Agy Elec Elec Ut 5% [1.95%] Duluth Minn Econ Dev Auth 5.25% [1.78%] Minnesota Pub Facs Auth 5% [1.65%] MINNESOTA ST HSG FIN AGY RESIDENTI [1.64%] Minneapolis Minn Health Care S Rev 5.75% [1.57%] Maple Grove Minn Health Care S Hea 5.25% [1.56%] Minneapolis Minn Health Care S Re 5.625% [1.55%] Minneapolis Minn Health Care S Re 6.625% [1.51%] Minnesota St Hsg Fin Agy Hsg Finan 5% [1.5%]

30-Jun-09 Univ Minn Spl Purp Rev Spec Purp 5% [2.02%] Minnesota St Mun Pwr Agy Elec Elec Ut 5% [2.01%] Duluth Minn Econ Dev Auth 5.25% [1.9%] Minneapolis Minn Health Care S Rev 5.75% [1.7%] Minnesota Pub Facs Auth 5% [1.69%] Minneapolis Minn Health Care S Re 5.625% [1.68%] Minnesota St Hsg Fin Agy Resident 4.875% [1.64%] Bemidji Minn Health Care Facs Health 5% [1.59%] Minnesota St Hsg Fin Agy Hsg Finan 5% [1.51%] Minneapolis Minn Health Care S Re 6.625% [1.49%]

31-Mar-09 Univ Minn Spl Purp Rev Spec Purp 5% [2.08%] Minnesota St Mun Pwr Agy Elec Elec Ut 5% [2.03%] Duluth Minn Econ Dev Auth 5.25% [2%] Minneapolis Minn Health Care S Rev 5.75% [1.79%] Minnesota Pub Facs Auth 5% [1.78%] Minneapolis Minn Health Care S Re 5.625% [1.77%] Minnesota St Hsg Fin Agy Resident 4.875% [1.66%] Bemidji Minn Health Care Facs Health 5% [1.62%] Maple Grove Minn Health Care S Hea 5.25% [1.59%] Minnesota St Hsg Fin Agy Hsg Finan 5% [1.52%]

Click here for Stock Holding Change Map in Delaware MN Hi-Yld Muni A Fund (DVMHX)

  

Related books and products to Delaware MN Hi-Yld Muni A Fund (DVMHX)

  

Latest News on Delaware MN Hi-Yld Muni A (DVMHX)

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Books and Resources

 

 

See more information on Delaware MN Hi-Yld Muni A Fund (DVMHX)

• Delaware MN Hi-Yld Muni A Fund Insights
• Delaware MN Hi-Yld Muni A Fund Performance Data
• Delaware MN Hi-Yld Muni A Fund News
• Delaware MN Hi-Yld Muni A Fund Score Explaination
• Delaware MN Hi-Yld Muni A Fund Manager Information
• Historic Delaware MN Hi-Yld Muni A Fund Asset Allocation Report
• Historic Delaware MN Hi-Yld Muni A Fund Top 10 Holding Tracking
• Historic Delaware MN Hi-Yld Muni A Fund Asset Under Management Tracking