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Delaware Investments Minnesota Municipal Income Fund II (VMM)

Single State Muni Bond Funds - Minnesota (MN)

Data as of Oct. 15, 2019
Market Price $13.15 (+ $0.05)
NAV (Oct. 15, 2019) $14.96 (- $0.02)
Premium / Discount -12.10% (+0.45%)
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, 2019) $243M
Estimated Total Assets $248M
Net Assets $172M
Market Cap $151M
Purchases Turnover 21.97%
Sales Turnover 22.89%
Total Leverage 30.66%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.10%
Non Lev Exp Ratio 0.85%
Rel Lev Cost 2.79%
Discount Data
Average Discount (3 Yr) -8.52%
Discount Low(3 Yr) -17.12%
Discount High(3 Yr) 3.52%
Discount Rel Range 24.31%
Comp Discount -1.65
Discount St Dev (1Yr) 1.33
Z-Stat (6mo) 0.50
Z-Stat (1Yr) 0.95
Z-Stat (3Yr) -0.65
Comp Z-Stat (6mo) 0.06
Comp Z-Stat (3Yr) 0.03
Distribution Data
Market Yield 3.42%
Income Yield 3.42%
Lev Adj NAV Yield 2.30%
Distribution Frequency M
Current Distribution $0.038
Current Income $0.038
Ex-Date 10/17/19
Payable Date 10/25/19
Div Growth (3yr) -21.05%
Dividend Change -11.8% on 3/1/18
Expected Div 11/5/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $250
Avg Volume 30 day 21,085
Avg Volume 90 day 19,036
Volume Trend 10.76%
Comp Volume Trend 11.00%
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 64.0%
NAV - Price Correlation (30 d) 87.5%
NAV - Price Correlation (90 d) 72.2%
NAV - Price Correlation (1 Yr) 96.8%
Price St Dev (1Yr) 7.6%
NAV St Dev (1Yr) 2.2%
Earnings / Share (3/31/19) $0.039
Earn Coverage 105.07%
Earnings Trend Down
UNII / Share (6/30/19) $0.043
Rel UNII 9.60
UNII Trend Down
Bond Specific Data
Maturity 5.27
Duration 6.59
Credit Rating (rbo) AA
Investment Grade 81.00%
Non Investment Grade 4.55%
Unrated Bonds 14.54%
Average Bond Price 110.66
Discount vs Price -1.44
Coupon 5.06%
Zero Coupon 0.00%
AMT 4.30%
AMT Yield 3.38%
Bond Calls Risk 3.79%
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.

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