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

Go to AICA CEF/BDC Screener Learn More @ www.AICalliance.org

Delaware Investments Minnesota Municipal Income Fund II (VMM)

Single State Muni Bond Funds - Minnesota (MN)

Data as of Aug. 7, 2020
Market Price $12.99 (- $0.01)
NAV (Aug. 7, 2020) $14.95 (+ $0.04)
Premium / Discount -13.11% (-0.30%)
Fund Info
Inception Feb. 26, 1993
Sponsor Delaware Management Company
Website https://www.delawarefu...
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
Total Assets (Reported: March 31, 2020) $239M
Estimated Total Assets $250M
Net Assets $172M
Market Cap $149M
Purchases Turnover 21.97%
Sales Turnover 22.89%
Total Leverage 31.30%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.97%
Non Lev Exp Ratio 0.89%
Rel Lev Cost 2.37%
Discount Data
Average Discount (3 Yr) -11.34%
Discount Low(3 Yr) -17.12%
Discount High(3 Yr) 1.70%
Discount Rel Range 21.29%
Comp Discount -4.15
Discount St Dev (1Yr) 1.39
Z-Stat (6mo) -0.35
Z-Stat (1Yr) -0.61
Z-Stat (3Yr) -0.51
Comp Z-Stat (6mo) -0.76
Comp Z-Stat (3Yr) -0.57
Distribution Data
Market Yield 3.00%
Income Yield 3.00%
Lev Adj NAV Yield 1.99%
Distribution Frequency M
Current Distribution $0.033
Current Income $0.033
Ex-Date 8/20/20
Payable Date 8/28/20
Div Growth (3yr) -31.58%
Dividend Change -13.3% on 6/2/20
Expected Div 9/1/20
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $168
Avg Volume 30 day 15,163
Avg Volume 90 day 12,899
Volume Trend 17.55%
Comp Volume Trend 23.88%
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 74.0%
NAV - Price Correlation (30 d) 89.3%
NAV - Price Correlation (90 d) 92.5%
NAV - Price Correlation (1 Yr) 93.5%
Price St Dev (1Yr) 15.5%
NAV St Dev (1Yr) 10.3%
Earnings / Share (3/31/20) $0.039
Earn Coverage 118.77%
Earnings Trend Down
UNII / Share (3/31/20) $0.133
Rel UNII 34.15
UNII Trend Up
Bond Specific Data
Maturity 7.44
Duration 5.17
Credit Rating (rbo) AA
Investment Grade 80.57%
Non Investment Grade 4.64%
Unrated Bonds 14.79%
Average Bond Price 108.04
Discount vs Price -5.07
Coupon 4.97%
Zero Coupon 0.00%
AMT 4.29%
AMT Yield 2.97%
Bond Calls Risk 4.03%
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)


CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.