|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Muni Minnesota Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
|
|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
6.00 Yrs
|
|
|
|
Avg Credit Quality |
|
|
AA |
|
| As of
2009-06-30 |
|
|
| Day Change |
| $ 0.01 |
|
|
| NAV (2009-11-20) |
| $ 12.34 |
|
|
| YTD Return % (2009-11-20) |
| 12.28% |
|
|
| Total Assets ($ mil) |
| 611 |
|
| Growth of $10,000 |
 |
Fund: |
Delaware Tax-Free MN A Load Waived |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
Muni Minnesota |
|
 |
Index: |
Barcap Municipal! |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 1984-02-27 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
12.28 |
11.73 |
3.64 |
4.08 |
5.35 |
6.99 |
| +/- Category |
-2.13 |
-2.10 |
0.42 |
0.64 |
0.55 |
--- |
| +/- Barcap Municipal! |
--- |
--- |
--- |
--- |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
13.46 |
12.89 |
4.31 |
4.41 |
5.32 |
7.08 |
| Month-End (as of 2009-10-31) |
11.58 |
12.92 |
3.53 |
3.86 |
5.35 |
6.99 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
12.88 |
3.50 |
3.79 |
5.30 |
--- |
| On Distribution & Sale of Shares |
--- |
9.99 |
3.59 |
3.88 |
5.26 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
|
 |
--- |
|
| # of compared funds covered (3 yrs : out of 56 funds), (5 yrs : out of 53 funds), (10 yrs : out of 52 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
none,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
none. |
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| General Obligations |
14.30 |
| Advance Refunded |
9.76 |
| State Appropriated Tobacco |
---
|
| Non-state Appropriated Tobacco |
---
|
| Education |
5.93 |
| Health |
20.64 |
| Housing |
20.22 |
| Industrial |
7.25 |
| Transportation |
9.73 |
| Utilities |
5.50 |
| Water/Sewer |
0.63 |
| Misc. Revenue |
6.02 |
|
| Bond Quality |
% of Bonds |
| AAA |
29.0 |
| AA |
31.1 |
| A |
25.4 |
| BBB |
9.0 |
| BB |
0.8 |
| B |
0.0 |
| Below B |
0.0 |
| Not Rated |
4.8 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
2.3 |
 |
Stocks |
0.0 |
|
Bonds |
97.7 |
 |
Other |
0.0 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-06-30 |
Data through 2009-06-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
20 |
| Total Number of Bond Holdings |
182 |
|
30 Day SEC Yield % |
3.10 |
| % of Assets in Top 10 Holdings |
23.84 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
|
Dakota & Wash Cntys Minn Hsg & Si 8.375% |
2021-09-01 |
14,115 |
19,979 |
3.34 |
|
Minneapolis Minn Health Care S Rev 5.75% |
2032-11-15 |
17,300 |
19,723 |
3.30 |
|
Minneapolis Minn Health Care S Re 5.625% |
2032-05-15 |
16,925 |
19,062 |
3.19 |
|
Minnesota St G.O. Stat 5% |
2020-11-01 |
13,675 |
14,173 |
2.37 |
|
Univ Minn Univ Bds 5.5% |
2021-07-01 |
12,500 |
14,117 |
2.36 |
|
 |
|
Dakota & Wash Cntys Minn Hsg & Sin 8.45% |
2019-09-01 |
9,000 |
12,578 |
2.11 |
|
Duluth Minn Econ Dev Auth 5.25% |
2033-02-15 |
10,000 |
11,350 |
1.90 |
|
Farmington Minn Indpt Sch Dist 5% |
2027-02-01 |
10,705 |
11,100 |
1.86 |
|
St Louis Park Minn Health Care Rev 5.25% |
2030-07-01 |
9,420 |
10,667 |
1.79 |
|
Southern Minn Mun Pwr Agy Pwr Rev 5.25% |
2015-01-01 |
8,900 |
9,678 |
1.62 |
|
|
 |
Data through 2009-06-30 |
|
|
| Fund Inception: 1984-02-27 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
Joseph R. Baxter (2003-05-22) |
|
|
|
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. |
|
|
|
|
|
Stephen J. Czepiel (2007-07-16) |
|
|
|
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, he was vice president at both Mesirow Financial and Loop Capital Markets. He 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. |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-08-31) |
| Front: |
None |
| Deferred: |
None |
|
| Expense Ratio % |
1.11 |
based on net assets
(taken from annual report dated 2008-08-31)
|
|
| Correspondence Information |
One Commerce Square
2005 Market Street
Philadelphia,
PA
19103
|
|
|
|
| Telephone: |
| 800-523-1918 |
| 215-255-1241 |
|
|
