The fund becomes the 24th
single-state municipal bond fund managed by Delaware Investments.
Its largest
single-state municipal bond fund is Minnesota Tax-Free, a Morningstar-ranked four-star fund, with assets of approximately $440 million.
The Fund has grown to over $160 million in assets and 4,100 investors statewide to become the largest
single-state municipal bond fund in Colorado," commented Lacy Herrmann, the Fund's chairman of the board of trustees.
All
single-state municipal bond funds will be removed from the Muni Short category, which contains both national-focused and state-focused funds.
The Aquila(SM) Group of Funds has made its mark as a niche player in the mutual fund industry, with seven
single-state municipal bond funds, a regional equity fund and money market funds, in addition to the new high-yield fund.
Its seven
single-state municipal bond funds, are among the leaders of such funds in the states of Hawaii, Arizona, Oregon, Colorado, Kentucky, Utah and Rhode Island.
The article "Picking the Best Tax- Free Funds in Your State" focused on
single-state municipal bond funds as "among today's hottest investments," and cautioned readers to look for high average credit ratings, with relatively low expenses and sales commissions.
The article "Picking the Best Tax-Free Funds in Your State" focused on
single-state municipal bond funds as "among today's hottest investments," and cautioned readers to look for high average credit ratings, with relatively low expenses and sales commissions.
The Voyageur funds include 27
single-state municipal bond funds and two national tax-free funds.
