Delaware Tax Free Minnesota Fund Quote
| DEFFX Fund | USD 11.12 0.03 0.27% |
Performance1 of 100
| Odds Of DistressLess than 22
|
Delaware Tax-free is trading at 11.12 as of the 16th of April 2024; that is 0.27 percent increase since the beginning of the trading day. The fund's open price was 11.09. Delaware Tax-free has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Delaware Tax Free Minnesota are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of April 2022 and ending today, the 16th of April 2024. Click here to learn more.
Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities the income from which is exempt from federal income tax, including the federal alternative minimum tax, and from Minnesota state personal income taxes. More on Delaware Tax Free Minnesota
Moving together with Delaware Mutual Fund
| 0.61 | DHIZX | Delaware High Yield | PairCorr |
| 0.61 | DHOIX | Delaware High Yield | PairCorr |
Delaware Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Delaware Tax-free's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Delaware Tax-free or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Delaware Funds by Macquarie Funds, Large Funds, Muni Minnesota Funds, Muni Minnesota, Delaware Funds by Macquarie (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 29th of December 2022 |
| Fiscal Year End | August |
Delaware Tax Free Minnesota [DEFFX] is traded in USA and was established 16th of April 2024. Delaware Tax-free is listed under Delaware Funds by Macquarie category by Fama And French industry classification. The fund is listed under Muni Minnesota category and is part of Delaware Funds by Macquarie family. This fund currently has accumulated 507.34 M in assets under management (AUM) with no minimum investment requirementsDelaware Tax Free is currently producing year-to-date (YTD) return of 0.47% with the current yeild of 0.01%, while the total return for the last 3 years was -1.48%.
Check Delaware Tax-free Probability Of Bankruptcy
Instrument Allocation
Delaware Tax-free Target Price Odds Analysis
Based on a normal probability distribution, the odds of Delaware Tax-free jumping above the current price in 90 days from now is about 74.4%. The Delaware Tax Free Minnesota probability density function shows the probability of Delaware Tax-free mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Delaware Tax Free Minnesota has a beta of -0.0194 suggesting as returns on the benchmark increase, returns on holding Delaware Tax-free are expected to decrease at a much lower rate. During a bear market, however, Delaware Tax Free Minnesota is likely to outperform the market. Additionally, delaware Tax Free Minnesota has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Delaware Tax-free to move above the current price in 90 days from now is about 74.4 (This Delaware Tax Free Minnesota probability density function shows the probability of Delaware Mutual Fund to fall within a particular range of prices over 90 days) .
Delaware Tax Free Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Delaware Tax-free market risk premium is the additional return an investor will receive from holding Delaware Tax-free long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Delaware Tax-free. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Delaware Tax-free's alpha and beta are two of the key measurements used to evaluate Delaware Tax-free's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1488 | |||
| Standard Deviation | 0.2212 | |||
| Variance | 0.0489 | |||
| Risk Adjusted Performance | (0.03) |
Delaware Tax-free Against Markets
Picking the right benchmark for Delaware Tax-free mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Delaware Tax-free mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Delaware Tax-free is critical whether you are bullish or bearish towards Delaware Tax Free Minnesota at a given time. Please also check how Delaware Tax-free's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Delaware Tax-free without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
| All Next | Launch Module |
How to buy Delaware Mutual Fund?
Before investing in Delaware Tax-free, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Delaware Tax-free. To buy Delaware Tax-free fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Delaware Tax-free. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Delaware Tax-free fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Delaware Tax Free Minnesota fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Delaware Tax Free Minnesota fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Delaware Tax Free Minnesota, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Delaware Tax Free Minnesota?
The danger of trading Delaware Tax Free Minnesota is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Delaware Tax-free is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Delaware Tax-free. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Delaware Tax Free is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delaware Tax Free Minnesota. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Delaware Tax Free information on this page should be used as a complementary analysis to other Delaware Tax-free's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.