DMHIX Macquarie MN High-Yield Muni Bd Instl Forecast, Technical & Fundamental Analysis

The investment seeks a high level of current income that is exempt from federal income tax and from Minnesota state personal income taxes, primarily through investment in medium- and lower-grade municipal obligations. Under normal circumstances, the fund will invest at least 80% 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. It will generally have a dollar-weighted average effective maturity of between 5 and 30 years.