Mutual Fund Insights: Delaware Tax-Free MN Intermediate B Fund (DVSBX)

In-depth Analysis of Delaware Tax-Free MN Intermediate B Fund (DVSBX)

3 months 6 months 1 year 3 year 5 year

See Delaware Tax-Free MN Intermediate B Fund (DVSBX) performance details as of February 28, 2010

  

Last Trade: $11.03 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Stephen J. Czepiel

Fund Manager Tenure: 2.7 years   [Similar Funds: DVSCX ]
Fundmojo Fund Grade: E (Score: 0.36)     (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 Tax-Free MN Intermediate B Fund (DVSBX)

Data for Delaware Tax-Free MN Intermediate B Fund (DVSBX) as of February 28, 2010

• Delaware Tax-Free MN Intermediate B Fund (DVSBX) has good short-term performance (1-year return 6.68% vs 11.06 % Muni Minnesota category average)
• Delaware Tax-Free MN Intermediate B Fund (DVSBX) ratio of up-years vs down years is greater than 2
• Delaware Tax-Free MN Intermediate B Fund (DVSBX) has an annual stock turnover rate of 12.00% vs Muni Minnesota average of 19.58%. It is good that Delaware Tax-Free MN Intermediate B management does not trade extensively for its return.
• Delaware Tax-Free MN Intermediate B Fund (DVSBX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.79, lower than category average of 6.46

  

 What we are cautious about Delaware Tax-Free MN Intermediate B Fund (DVSBX)

Data for Delaware Tax-Free MN Intermediate B Fund (DVSBX) as of February 28, 2010

• Delaware Tax-Free MN Intermediate B Fund (DVSBX) management has been with Delaware Tax-Free MN Intermediate B Fund for only 2.7 years, it is hard to judge manager's ability based on this fund's operation record
• Delaware Tax-Free MN Intermediate B Fund (DVSBX) has a less-than-ideal mid-term performance (3-year return 3.22% vs 3.34 % Muni Minnesota category average)
• Delaware Tax-Free MN Intermediate B Fund (DVSBX) has a less-than-ideal Long-term performance (5-year return 3.25% vs 3.74 % Muni Minnesota category average)
• Delaware Tax-Free MN Intermediate B Fund (DVSBX) has a Morningstar rating of 3 and below
• Delaware Tax-Free MN Intermediate B Fund (DVSBX) is less safe compared to its Muni Minnesota peers
• Delaware Tax-Free MN Intermediate B Fund (DVSBX) has a higher management fee of 1.60% than its Muni Minnesota average of 1.12%
• Delaware Tax-Free MN Intermediate B Fund (DVSBX) carries a 2% load

See Delaware Tax-Free MN Intermediate B Fund (DVSBX) performance details as of February 28, 2010

  

  

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Delaware Tax-Free MN Intermediate B Fund (DVSBX) Net Asset

Track net asset change of Delaware Tax-Free MN Intermediate B fund (DVSBX)

Date	Net Asset
02/2010	$97.04M
01/2010	$160.00K
11/2009	$140.00K

More historic net asset information on Delaware Tax-Free MN Intermediate B Fund (DVSBX)

  

Delaware Tax-Free MN Intermediate B Fund (DVSBX) Portfolio Allocation

Track portfolio allocation change of Delaware Tax-Free MN Intermediate B fund (DVSBX)

Date	Cash	Stock	Bond	Other
09/2009	3.84%	0%	96.16%	0%
06/2009	5.55%	0%	94.45%	0%
03/2009	3.27%	0%	96.73%	0%

Click here to see more historic asset allocation information on Delaware Tax-Free MN Intermediate B Fund (DVSBX)

  

Most Recent Top 10 Holdings in Delaware Tax-Free MN Intermediate B Fund (DVSBX)

Discover what Delaware Tax-Free MN Intermediate B Fund (DVSBX) manager is buying

30-Sep-09 Minnesota St Go State 5% [2.48%] Minneapolis Minn Art Ctr Facs Rev 5.125% [2.46%] Minnesota Pub Facs Auth 5.25% [2.39%] Hopkins Minn Indpt Sch Dist 5.125% [2.29%] St Paul Minn Hsg & Redev Auth 5% [2.28%] Hennepin Cnty Minn Sales Tax R Second 5% [2.17%] Minneapolis Minn Health Care S Re 5.625% [2.08%] Duluth Minn Indpt Sch Dist 4.25% [2%] ST LOUIS PARK MINN HEALTH CARE REV BDS [1.84%] Minneapolis Minn Health Care S Re 6.625% [1.82%]

30-Jun-09 MINNESOTA ST GO STATE [2.77%] Minneapolis Minn Art Ctr Facs Rev 5.125% [2.76%] Hopkins Minn Indpt Sch Dist 5.125% [2.59%] St Paul Minn Hsg & Redev Auth 5% [2.51%] Minneapolis Minn Health Care S Re 5.625% [2.37%] Duluth Minn Indpt Sch Dist 4.25% [2.15%] St Louis Park Minn Health Care Rev 5.5% [2.06%] Minneapolis Minn Health Care S Rev 5.75% [2.06%] South Washington Cnty Indpt Sc G.O. B 5% [2.01%] Minnesota St Higher Ed Facs Au Rev 5.25% [2%]

31-Mar-09 MINNESOTA ST GO STATE [3.06%] Minneapolis Minn Art Ctr Facs Rev 5.125% [3.05%] Hopkins Minn Indpt Sch Dist 5.125% [2.85%] St Paul Minn Hsg & Redev Auth 5% [2.74%] Minneapolis Minn Health Care S Re 5.625% [2.64%] Duluth Minn Indpt Sch Dist 4.25% [2.38%] St Louis Park Minn Health Care Rev 5.5% [2.32%] Minneapolis Minn Health Care S Rev 5.75% [2.3%] South Washington Cnty Indpt Sc G.O. B 5% [2.22%] Univ Minn Spl Purp Rev Spec Purp 5% [2.18%]

Click here for Stock Holding Change Map in Delaware Tax-Free MN Intermediate B Fund (DVSBX)

  

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Books and Resources

 

 

See more information on Delaware Tax-Free MN Intermediate B Fund (DVSBX)

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