Mutual Fund Insights: Delaware MN Hi-Yld Muni B Fund (DVMYX)

In-depth Analysis of Delaware MN Hi-Yld Muni B Fund (DVMYX)

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See Delaware MN Hi-Yld Muni B Fund (DVMYX) performance details as of January 31, 2010

  

Last Trade: $10.37 on 3/17/2010, Change: 0.00 (0%)

  

Fund Manager - Joseph R. Baxter

Fund Manager Tenure: 6.8 years   [Similar Funds: DVMHX  DVMMX ]
Fundmojo Fund Grade: C (Score: 0.58)     (What does this score mean?)

Baxter is a senior vice president and senior portfolio manager with Delaware Investments. Prior to joining Delaware Investments in 1999, he held investment positions with First Union.  Get more insights on Joseph R. Baxter

  

 What we like about Delaware MN Hi-Yld Muni B Fund (DVMYX)

Data for Delaware MN Hi-Yld Muni B Fund (DVMYX) as of January 31, 2010

• Delaware MN Hi-Yld Muni B Fund (DVMYX) management has been with Delaware MN Hi-Yld Muni B Fund for 6.8 years
• Delaware MN Hi-Yld Muni B Fund (DVMYX) has good short-term performance (1-year return 14.09% vs 11.14% Muni Minnesota category average)
• Delaware MN Hi-Yld Muni B Fund (DVMYX) has an annual stock turnover rate of 20.00% vs Muni Minnesota average of 20.26%. It is good that Delaware MN Hi-Yld Muni B management does not trade extensively for its return.

  

 What we are cautious about Delaware MN Hi-Yld Muni B Fund (DVMYX)

Data for Delaware MN Hi-Yld Muni B Fund (DVMYX) as of January 31, 2010

• Delaware MN Hi-Yld Muni B Fund (DVMYX) has a less-than-ideal mid-term performance (3-year return 2.40% vs 3.37% Muni Minnesota category average)
• Delaware MN Hi-Yld Muni B Fund (DVMYX) has a less-than-ideal Long-term performance (5-year return 3.16% vs 3.46% Muni Minnesota category average)
• Delaware MN Hi-Yld Muni B Fund (DVMYX) ratio of up-years vs down years can be improved
• Delaware MN Hi-Yld Muni B Fund (DVMYX) has a Morningstar rating of 3 and below
• Delaware MN Hi-Yld Muni B Fund (DVMYX) is less safe compared to its Muni Minnesota peers
• Delaware MN Hi-Yld Muni B Fund (DVMYX) does not have a good risk adjusted return as its 3-year Alpha of -2.81 is worse than category average of -1.16, and its 3-year Sharpe ratio is 0.09
• Delaware MN Hi-Yld Muni B Fund (DVMYX) is more volatile than its peers as it has a 3-year Standard Deviation of 8.28 that is higher than category average of 6.46
• Delaware MN Hi-Yld Muni B Fund (DVMYX) has a higher management fee of 1.70% than its Muni Minnesota average of 1.12%
• Delaware MN Hi-Yld Muni B Fund (DVMYX) carries a 4% load

See Delaware MN Hi-Yld Muni B Fund (DVMYX) performance details as of January 31, 2010

  

  

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Delaware MN Hi-Yld Muni B Fund (DVMYX) Net Asset

Track net asset change of Delaware MN Hi-Yld Muni B fund (DVMYX)

Date	Net Asset
01/2010	$4.86M
11/2009	$4.89M
10/2009	$4.94M

More historic net asset information on Delaware MN Hi-Yld Muni B Fund (DVMYX)

  

Delaware MN Hi-Yld Muni B Fund (DVMYX) Portfolio Allocation

Track portfolio allocation change of Delaware MN Hi-Yld Muni B fund (DVMYX)

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 B Fund (DVMYX)

  

Most Recent Top 10 Holdings in Delaware MN Hi-Yld Muni B Fund (DVMYX)

Discover what Delaware MN Hi-Yld Muni B Fund (DVMYX) 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% [2.08%] 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%]

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 B Fund (DVMYX)

  

Related books and products to Delaware MN Hi-Yld Muni B Fund (DVMYX)

  

Latest News on Delaware MN Hi-Yld Muni B (DVMYX)

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See more information on Delaware MN Hi-Yld Muni B Fund (DVMYX)

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