CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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DI MN Muni Incm Fd II (VMM)

Single State Muni Bond Funds - Minnesota (MN) - Leveraged / NonInsured

Data as of Jan. 22, 2018
Market Price $13.37 (- $0.06)
NAV (Jan. 22, 2018) $14.50 (- $0.01)
Premium / Discount -7.79% (-0.35%)
Fund Info
Inception Feb. 26, 1993
Sponsor Delaware Management Company
Website www.delawareinvestment...
Phone 866 437-0252
Objective: Current income exempt from regular federal income tax and Minnesota state personal income tax; investment grade Minnesota municipal bonds
Related Indexes
State Municipal Index (Non NY/CA)
Capital & Leverage
Outstanding Shares 11,504,975
Gross Assets $245M
Net Assets $167M
Market Cap $154M
Purchases Turnover 15.50%
Sales Turnover 14.08%
Total Leverage 30.80%
Structural Leverage (out of total) 30.80%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.72%
Non Lev Exp Ratio 0.79%
Rel Lev Cost 2.08%
Discount Data
Average Discount (3 Yr) -5.01%
Discount Low(3 Yr) -12.90%
Discount High(3 Yr) 3.52%
Discount Rel Range 31.09%
Comp Discount -2.36
Discount St Dev (1Yr) 2.99
Z-Stat (6mo) -1.28
Z-Stat (1Yr) -1.87
Z-Stat (3Yr) -0.70
Comp Z-Stat (6mo) 0.03
Comp Z-Stat (3Yr) 0.03
Distribution Data
Market Yield 3.81%
Income Yield 3.81%
Lev Adj NAV Yield 2.69%
Distribution Frequency M
Current Distribution $0.043
Current Income $0.043
Ex-Date 1/11/18
Payable Date 1/26/18
Div Growth (3yr) -19.05%
Dividend Change -10.5% on 9/5/17
Expected Div 2/6/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $298
Avg Volume 30 day 17,744
Avg Volume 90 day 22,269
Volume Trend -20.32%
Comp Volume Trend -4.97%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's State Municipal Index (Non NY/CA)
Most Correlated Peer (Mk Pr): NMS 10.0%
NAV - Price Correlation (30 d) 83.7%
NAV - Price Correlation (90 d) 53.8%
NAV - Price Correlation (1 Yr) 25.5%
Price St Dev (1Yr) 11.1%
NAV St Dev (1Yr) 2.5%
Earnings / Share (9/30/17) $0.043
Earn Coverage 101.65%
Earnings Trend Down
UNII / Share (9/30/17) $0.098
Rel UNII 19.12
UNII Trend Down
Bond Specific Data
Maturity 5.88
Duration 4.78
Credit Rating (rbo) AA
Investment Grade 83.51%
Non Investment Grade 4.91%
Unrated Bonds 11.58%
Average Bond Price 112.32
Discount vs Price 4.53
Coupon 5.19%
Zero Coupon 0.00%
AMT 4.66%
AMT Yield 3.76%
Bond Calls Risk 3.66%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's State Municipal Index (Non NY/CA)


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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