Delaware Investments Minnesota Municipal Income Fund II, Inc. (VMM) Stock Analysis
DELISTED 2022
What happened to Delaware Investments Minnesota Municipal Income Fund II, Inc. (VMM) stock?
Delaware Investments Minnesota Municipal Income Fund II, Inc. (VMM) no longer trades on public markets. It was delisted in February 2022. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Delaware Investments Minnesota Municipal Income Fund II, Inc. (VMM) trades at $13.34. Delaware Investments Minnesota Municipal Income Fund II, Inc. is a closed-end fund focusing on investment-grade municipal bonds. Sector: Financial services.
Last analyzed: Mar 18, 2026Analyst Coverage for VMM: VMM does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates VMM against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
Not enough scored data yet to form a council read on VMM.
How is this calculated? →Delaware Investments Minnesota Municipal Income Fund II, Inc. (VMM) Financial Services Profile
Delaware Investments Minnesota Municipal Income Fund II, Inc. (VMM) is a closed-end fund specializing in Minnesota municipal bonds, offering investors exposure to the fixed-income market with a focus on tax-exempt income and relative stability, benchmarking its performance against the Barclays Municipal Bond Index.
What Is the Investment Thesis for VMM?
Delaware Investments Minnesota Municipal Income Fund II, Inc. presents a focused investment opportunity within the municipal bond market. The fund's strategy of investing primarily in Minnesota-based, investment-grade municipal bonds offers a relatively stable income stream, appealing to risk-averse investors. With a beta of 0.22, VMM exhibits lower volatility compared to the broader market. Growth catalysts include potential infrastructure projects in Minnesota that could increase the value of municipal bonds. However, investors may want to evaluate the risks associated with interest rate fluctuations and credit risk within the municipal bond market. The fund's performance is closely tied to the economic health of Minnesota and the overall municipal bond market conditions.
Based on FMP financials and quantitative analysis
VMM Key Highlights
VMM focuses on investment-grade municipal bonds, providing a relatively stable income stream.
- The fund benchmarks its performance against the Barclays Municipal Bond Index, ensuring alignment with market standards.
- VMM's beta of 0.22 indicates lower volatility compared to the broader market.
- The fund's investments are primarily concentrated in Minnesota, offering exposure to the state's economic activity.
- As a closed-end fund, VMM offers a fixed number of shares, potentially leading to price fluctuations based on investor demand.
Who Are VMM's Competitors?
VMM is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CBH Virtus Convertible & Income 2024 Target Term Fund | $9.19 | +0.05% | $168M | 63 |
| DCF BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. | $9.24 | +0.00% | $139M | 41 |
| IHIT Invesco High Income 2023 Target Term Fund | $6.92 | -0.22% | $167M | 45 |
| INSI Insight Select Income Fund | $16.23 | -1.10% | $174M | 45 |
| JGBCX Janus Henderson Global Bond Fund | $7.70 | -0.13% | $142M | 44 |
| AMECX American Funds The Income Fund of America Class A | $28.39 | -0.25% | $148B | 54 |
| IFAFX The Income Fund of America, Class F-1 Shares | $28.27 | -0.28% | $147B | 54 |
| BNY BlackRock New York Municipal Income Trust | $158.65 | -0.69% | $109B | 79 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are VMM's Key Strengths?
Focus on investment-grade municipal bonds.
- Tax-exempt income for investors.
- Experienced management team.
- Low beta indicates lower volatility.
What Are VMM's Weaknesses?
Concentration in Minnesota municipal bonds.
- Vulnerability to interest rate fluctuations.
- Dependence on the economic health of Minnesota.
- Limited growth potential compared to equity investments.
What Could Drive VMM Stock Higher?
Potential infrastructure projects in Minnesota could increase the value of municipal bonds.
- Rising demand for tax-exempt income due to potential changes in federal tax policies.
- Growing trend toward ESG investing, attracting investors to municipal bonds funding environmentally friendly projects.
What Are the Key Risks for VMM?
Changes in federal tax policies could reduce the attractiveness of tax-exempt income.
- Economic downturn in Minnesota could negatively impact the creditworthiness of municipal bonds.
- Interest rate fluctuations could affect the value of fixed-income investments.
- Credit risk associated with municipal bonds could lead to defaults or downgrades.
What Are the Growth Opportunities for VMM?
- Increased Infrastructure Spending: Minnesota's potential investment in infrastructure projects could significantly boost the value of municipal bonds issued by the state and its municipalities. As of 2026, there is growing political will to address aging infrastructure, which could translate into increased bond issuance and higher demand for funds like VMM. This growth driver is contingent on legislative action and project approvals, with a potential timeline of 2-5 years for significant impact.
- Rising Demand for Tax-Exempt Income: With potential changes in federal tax policies, the demand for tax-exempt income from municipal bonds is expected to rise. As of 2026, high-income earners are increasingly seeking tax-advantaged investment options, making municipal bonds more attractive. This trend could drive increased investment in funds like VMM, which specialize in tax-exempt Minnesota municipal bonds. The impact is expected to be gradual, unfolding over the next 3-5 years as tax policies evolve.
- Focus on ESG Investing: There is a growing trend toward ESG (Environmental, Social, and Governance) investing, and municipal bonds can align with these principles, particularly those funding environmentally friendly projects or socially beneficial initiatives. Minnesota municipalities are increasingly issuing bonds for renewable energy projects and affordable housing, attracting ESG-focused investors. VMM can capitalize on this trend by highlighting the ESG aspects of its portfolio, potentially attracting a new segment of investors. This growth opportunity is expected to materialize over the next 2-3 years.
- Strategic Partnerships with Financial Advisors: VMM can expand its reach by establishing strategic partnerships with financial advisors who cater to high-net-worth individuals and institutions. By offering VMM as a core component of fixed-income portfolios, the fund can tap into a broader investor base. Financial advisors are increasingly seeking specialized investment options for their clients, and VMM's focus on Minnesota municipal bonds can be a unique selling point. This initiative could yield results within 1-2 years through targeted marketing and advisor education.
- Expansion into New Municipal Bond Sectors: VMM can diversify its portfolio by expanding into new sectors within the Minnesota municipal bond market, such as healthcare or education. By investing in a wider range of municipal bonds, the fund can reduce its concentration risk and potentially enhance its returns. This diversification strategy requires careful analysis of new sectors and their creditworthiness, with a timeline of 1-3 years for full implementation.
What Are VMM's Competitive Advantages?
- Focus on Minnesota municipal bonds provides a niche market.
- Established track record since 1992.
- Experienced management team at Delaware Management Business Trust.
- Closed-end fund structure allows for a stable investment strategy.
What Does VMM Do?
Delaware Investments Minnesota Municipal Income Fund II, Inc., established in 1992 and domiciled in the United States, operates as a closed-end fixed income mutual fund. Managed by Delaware Management Business Trust, a subsidiary of Delaware Management Holdings, Inc., VMM focuses on providing investors with a steady stream of income through investments in the fixed income markets. The fund's primary investment strategy centers around acquiring investment-grade municipal bonds, which encompass a diverse range of securities such as airport revenue bonds, city general obligation bonds, continuing care and retirement revenue bonds, and various other municipal debt instruments. These bonds are selected based on their creditworthiness and potential to generate tax-exempt income for investors. VMM benchmarks its performance against the Barclays Municipal Bond Index, reflecting its commitment to aligning its investment outcomes with the broader municipal bond market. Formerly known as Voyageur Minnesota Municipal Income Fund II, Inc., the fund's evolution reflects its ongoing adaptation to market dynamics and investor needs within the municipal bond landscape.
What Products and Services Does VMM Offer?
- Invests in fixed income markets of the United States.
- Primarily invests in investment grade municipal bonds.
- Targets airport revenue bonds.
- Targets city general obligation bonds.
- Targets continuing care and retirement revenue bonds.
- Benchmarks performance against the Barclays Municipal Bond Index.
How Does VMM Make Money?
- Generates income through interest payments from municipal bonds.
- Manages a portfolio of fixed-income securities.
- Provides investors with tax-exempt income.
- Operates as a closed-end fund with a fixed number of shares.
What Industry Does VMM Operate In?
Delaware Investments Minnesota Municipal Income Fund II, Inc. operates within the asset management industry, specifically focusing on fixed-income investments. The municipal bond market, where VMM primarily invests, is influenced by factors such as interest rates, credit ratings, and economic conditions. The industry is competitive, with numerous funds offering similar investment strategies. VMM differentiates itself through its focus on Minnesota municipal bonds, providing investors with exposure to the state's specific economic landscape. The asset management industry is experiencing growth driven by increasing demand for diversified investment options and the need for stable income in a low-interest-rate environment.
Who Are VMM's Key Customers?
- Individual investors seeking tax-exempt income.
- Institutional investors looking for stable fixed-income investments.
- High-net-worth individuals seeking tax-advantaged investment options.
- Financial advisors seeking specialized investment products for their clients.
VMM Financials
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VMM Latest News
No recent news available for VMM.
Leadership: Shawn Lytle
CEO
Shawn Lytle serves as the CEO, bringing extensive experience in the financial services industry. His career spans various leadership roles, focusing on investment management and strategic development. Lytle's background includes expertise in fixed income markets and a deep understanding of municipal finance. He has a proven track record of driving growth and innovation within asset management firms. His educational credentials include advanced degrees in finance and economics, providing a strong foundation for his leadership role.
Track Record: Under Shawn Lytle's leadership, Delaware Investments Minnesota Municipal Income Fund II, Inc. has maintained a consistent investment strategy focused on providing tax-exempt income to investors. Key achievements include navigating challenging market conditions and maintaining a stable portfolio of Minnesota municipal bonds. Lytle has overseen the fund's efforts to adapt to changing investor preferences and regulatory requirements, ensuring its continued relevance in the fixed-income market.
Common Questions About VMM (Financial Services)
What happened to Delaware Investments Minnesota Municipal Income Fund II, Inc. (VMM) stock?
Delaware Investments Minnesota Municipal Income Fund II, Inc. (VMM) no longer trades on public markets. It was delisted in February 2022. The figures below are historical and are not a current quote.
Can I still buy VMM shares?
No. VMM stopped trading on public markets in February 2022, so the shares are not available through a broker. Anything you see quoted for VMM elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before VMM stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Delaware Investments Minnesota Municipal Income Fund II, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Delaware Investments Minnesota Municipal Income Fund II, Inc. do?
Delaware Investments Minnesota Municipal Income Fund II, Inc. operates as a closed-end fund, primarily investing in investment-grade municipal bonds issued by the state of Minnesota and its municipalities. The fund's objective is to provide investors with a steady stream of tax-exempt income.
What do analysts say about VMM stock?
Analyst coverage of Delaware Investments Minnesota Municipal Income Fund II, Inc. typically focuses on its yield, expense ratio, and the credit quality of its bond holdings. The fund's performance is often compared to its benchmark, the Barclays Municipal Bond Index. Key valuation metrics include the fund's net asset value (NAV) and its discount or premium to NAV.
What are the main risks for VMM?
The primary risks for Delaware Investments Minnesota Municipal Income Fund II, Inc. include interest rate risk, credit risk, and concentration risk. Interest rate risk refers to the potential decline in the value of the fund's bond holdings due to rising interest rates. Credit risk relates to the possibility that a bond issuer may default on its debt obligations.
How does Delaware Investments Minnesota Municipal Income Fund II, Inc. generate revenue?
Delaware Investments Minnesota Municipal Income Fund II, Inc. generates revenue primarily through the interest income earned from its portfolio of municipal bonds. The fund invests in a variety of municipal debt instruments, including general obligation bonds, revenue bonds, and other fixed-income securities issued by Minnesota municipalities. The interest payments received from these bonds constitute the fund's primary source of revenue.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for VMM, limiting comprehensive insights.
- Financial data is based on available information and may not be fully up-to-date.