Delaware Investments Minnesota Municipal Income Fund II, Inc.

Holdings as of 06/30/2010 (all share classes)

Portfolio holdings are as of the date noted above and are subject to change at any time. Holdings may not be representative of current or future investments and may not include the entire investment portfolio. Holdings information is made available to the public 30 calendar days after the most recent quarter-end.

Holdings data is for informational purposes only, and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any specific security. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or part. In no event shall the Delaware Family of Funds or its affiliates have any liability relating to the use of the portfolio holdings.

Unlike the Fund's regulatory filings, the portfolio data and its presentation in this document is not required to conform to Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) presentation requirements. Therefore, it may differ from that provided in the complete portfolio of investments in the annual and semiannual report to shareholders filed with the SEC on Form N-CSR, and the complete portfolio of investments filed in the first and third quarter on Form N-Q.

SEC description # Holdings Portfolio % Market value Income rate Maturity date Nasdaq symbol
ANDOVER MINN ECONOMIC DEV AUTH 205,000.000.14$226,879.655.1202/01/2024ANDDEV
ANDOVER MINN ECONOMIC DEV AUTH 295,000.000.20$326,485.355.1202/01/2024ANDDEV
ANDOVER MINN ECONOMIC DEV AUTH 410,000.000.28$454,817.105.2002/01/2029ANDDEV
ANDOVER MINN ECONOMIC DEV AUTH 590,000.000.40$654,492.905.2002/01/2029ANDDEV
BEMIDJI MINN HEALTH CARE FACS 1,500,000.000.91$1,481,910.005.0009/01/2024BEMMED
CASH -337,900.80-0.21-$337,900.800.0012/15/2038US-CASH
CHANHASSEN MINN MULTIFAMILY RE 1,105,000.000.68$1,106,005.556.2007/01/2030CHNMFH
CHASKA MINN ELEC REV 250,000.000.16$260,567.505.2510/01/2025CHAPWR
CLOQUET MINN POLLUTN CTL REV 5,500,000.003.22$5,245,350.005.9010/01/2026CLOPOL
DAKOTA & WASH CNTYS MINN HSG & 7,055,000.005.93$9,646,724.808.3809/01/2021DAKHSG
DAKOTA CNTY MINN CMNTY DEV AGY 1,100,000.000.72$1,165,835.005.0001/01/2023DAKHSG
DAKOTA CNTY MINN HSG & REDEV A 10,000.000.01$10,006.305.8510/01/2030DAKSFH
GLENCOE MINN HEALTH CARE FACS 2,000,000.001.18$1,928,040.005.0004/01/2025GLEMED
HENNEPIN CNTY MINN 1,000,000.000.63$1,019,880.005.0012/01/2018HEN
LAURENTIAN ENERGY AUTH I LLC 3,325,000.002.01$3,273,761.755.0012/01/2021LREPWR
LONG TERM RECEIVABLES -117,802.42-0.07-$117,802.420.00N/ASECNCAHUS
MAPLE GROVE MINN HEALTH CARE 1,000,000.000.60$980,180.005.2505/01/2037MGRMED
MINNEAPOLIS & ST PAUL MINN HSG 500,000.000.31$507,115.005.0008/15/2034MINMED
MINNEAPOLIS & ST PAUL MINN MET 1,000,000.000.62$1,003,090.005.2501/01/2024MINAPT
MINNEAPOLIS & ST PAUL MINN MET 1,000,000.000.66$1,076,160.005.2501/01/2016MINAPT
MINNEAPOLIS & ST PAUL MINN MET 2,000,000.001.24$2,013,600.005.0001/01/2035MINAPT
MINNEAPOLIS & ST PAUL MINN MET 2,120,000.001.32$2,140,818.405.0001/01/2028MINAPT
MINNEAPOLIS & ST PAUL MINN MET 3,000,000.001.89$3,075,090.005.0001/01/2022MINAPT
MINNEAPOLIS MINN CMNTY DEV AGY 375,000.000.23$376,695.005.7012/01/2027MINDEV
MINNEAPOLIS MINN CMNTY DEV AGY 865,000.000.53$869,705.606.7512/01/2025MINDEV
MINNEAPOLIS MINN CMNTY DEV AGY 1,100,000.000.71$1,152,448.005.7012/01/2019MINDEV
MINNEAPOLIS MINN DEV REV 1,000,000.000.63$1,024,700.005.5012/01/2024MINDEV
MINNEAPOLIS MINN HEALTH CARE 295,000.000.20$330,960.506.5011/15/2038MINMED
MINNEAPOLIS MINN HEALTH CARE 600,000.000.41$671,670.006.6211/15/2028MINMED
MINNEAPOLIS MINN HEALTH CARE 2,000,000.001.23$1,999,880.005.0011/15/2034MINMED
MINNEAPOLIS MINN MULTIFAMILY R 755,000.000.46$755,271.806.0012/01/2019MINMFH
MINNEAPOLIS MINN MULTIFAMILY R 890,000.000.55$894,797.105.9505/01/2030MINMFH
MINNEAPOLIS MINN MULTIFAMILY R 2,000,000.001.23$2,005,900.005.1502/20/2045MINMFH
MINNEAPOLIS MINN MULTIFAMILY R 2,000,000.001.24$2,024,100.005.0005/20/2036MINMFH
MINNEAPOLIS MINN SPL SCH DIST 1,175,000.000.78$1,268,060.005.0002/01/2019MINSCD
MINNESOTA AGRIC & ECONOMIC DEV 100,000.000.06$100,039.005.7511/15/2026MNSAGR
MINNESOTA AGRIC & ECONOMIC DEV 195,000.000.12$197,472.606.3811/15/2029MNSAGR
MINNESOTA ST HIGHER ED FACS 1,000,000.000.63$1,024,490.005.0010/01/2039MNSHGR
MINNESOTA ST HIGHER ED FACS 1,000,000.000.66$1,076,680.005.0001/01/2028MNSHGR
MINNESOTA ST HIGHER ED FACS 1,120,000.000.74$1,203,428.805.0003/01/2030MNSHGR
MINNESOTA ST HIGHER ED FACS 1,400,000.000.87$1,409,114.004.8010/01/2023MNSHGR
MINNESOTA ST HIGHER ED FACS 1,500,000.000.93$1,510,785.005.0005/01/2028MNSHGR
MINNESOTA ST HIGHER ED FACS 2,000,000.001.25$2,034,840.005.0003/01/2020MNSHGR
MINNESOTA ST HIGHER ED FACS 2,250,000.001.43$2,333,295.005.0004/01/2029MNSHGR
MINNESOTA ST HSG FIN AGY 120,000.000.07$120,498.005.9502/01/2018MNSHSG
MINNESOTA ST HSG FIN AGY 745,000.000.46$748,181.155.1507/01/2038MNSHSG
MINNESOTA ST HSG FIN AGY 1,000,000.000.59$965,570.004.7507/01/2032MNSHSG
MINNESOTA ST HSG FIN AGY 1,000,000.000.61$988,790.005.0002/01/2035MNSHSG
MINNESOTA ST HSG FIN AGY 1,495,000.000.92$1,495,000.005.1007/01/2038MNSHSG
MINNESOTA ST HSG FIN AGY 1,555,000.000.96$1,559,804.955.3501/01/2033MNSHSG
MINNESOTA ST MUN PWR AGY ELEC 1,610,000.001.06$1,721,991.605.2510/01/2019MNSPWR
MINNESOTA ST MUN PWR AGY ELEC 1,900,000.001.19$1,929,659.005.0010/01/2034MNSPWR
MORRIS MINN INDPT SCH DIST NO 3,750,000.002.51$4,090,575.005.0002/01/2028MRRSCD
PUERTO RICO COMWLTH 1,010,000.000.66$1,068,994.106.0007/01/2039PRC
PUERTO RICO COMWLTH INFRASTRUC 800,000.000.47$769,048.005.0007/01/2046PRCFAC
PUERTO RICO ELEC PWR AUTH PWR 1,645,000.001.02$1,653,899.455.2507/01/2040PRCPWR
PUERTO RICO PUB BLDGS AUTH REV 530,000.000.33$530,598.905.2507/01/2027PRCFAC
PUERTO RICO SALES TAX FING 1,200,000.000.77$1,249,896.005.7508/01/2037PRCGEN
ROCHESTER MINN HEALTH CARE & 1,220,000.000.78$1,269,824.807.3812/01/2041ROCMED
ROCORI AREA SCHS MINN INDPT SC 1,010,000.000.70$1,147,390.305.0002/01/2022RCOSCD
ROCORI AREA SCHS MINN INDPT SC 1,075,000.000.74$1,204,075.255.0002/01/2024RCOSCD
ROCORI AREA SCHS MINN INDPT SC 1,115,000.000.76$1,240,259.105.0002/01/2025RCOSCD
ROCORI AREA SCHS MINN INDPT SC 1,155,000.000.78$1,273,930.355.0002/01/2026RCOSCD
SARTELL MINN ENVIRONMENTAL 1,000,000.000.59$957,630.005.2006/01/2027SARPOL
SECURITIZED NET CASH - ACR1 2,544,897.261.56$2,544,897.260.00N/ASECCASHAC
SHAKOPEE MINN HEALTH CARE FACS 1,560,000.000.90$1,464,481.205.2509/01/2034SHAMED
SOUTHERN MINN MUN PWR AGY PWR 390,000.000.25$409,121.705.5001/01/2015SOUPWR
SOUTHERN MINN MUN PWR AGY PWR 3,715,000.002.46$4,011,382.705.7501/01/2018SOUPWR
SOUTHERN MINN MUN PWR AGY PWR 5,250,000.003.62$5,884,987.505.2501/01/2014SOUPWR
ST CLOUD MINN HEALTH CARE REV 1,125,000.000.69$1,125,348.755.1205/01/2030SUDMED
ST CLOUD MINN HEALTH CARE REV 1,500,000.000.96$1,556,940.005.5005/01/2039SUDMED
ST LOUIS PARK MINN HEALTH CARE 1,000,000.000.63$1,031,650.005.5007/01/2023SLPMED
ST LOUIS PARK MINN HEALTH CARE 1,250,000.000.88$1,436,962.505.2507/01/2030SLPMED
ST LOUIS PARK MINN HEALTH CARE 1,500,000.000.92$1,500,000.005.7507/01/2039SLPMED
ST PAUL MINN HSG & REDEV AUTH 1,000,000.000.60$970,710.005.3005/15/2028STPHSG
ST PAUL MINN HSG & REDEV AUTH 1,380,000.000.92$1,497,589.805.0011/15/2018STPMED
ST PAUL MINN HSG & REDEV AUTH 1,395,000.000.87$1,419,719.405.2511/15/2029STPMED
ST PAUL MINN HSG & REDEV AUTH 2,000,000.001.15$1,868,600.005.2505/15/2036STPHSG
ST PAUL MINN HSG & REDEV AUTH 2,300,000.001.52$2,470,867.005.5511/01/2023STPHSG
ST PAUL MINN HSG & REDEV AUTH 2,700,000.001.67$2,716,632.005.4011/20/2042STPHSG
ST PAUL MINN HSG & REDEV AUTH 3,350,000.002.09$3,394,521.505.3508/01/2029STPHSG
ST PAUL MINN HSG & REDEV AUTH 4,200,000.002.77$4,512,018.005.5511/01/2023STPHSG
ST PAUL MINN PORT AUTH 895,000.000.57$923,604.205.0003/01/2037STPTRN
ST PAUL MINN PORT AUTH LEASE R 2,000,000.001.27$2,064,560.005.0012/01/2027STPTRN
ST PAUL MINN PORT AUTH LEASE R 2,385,000.001.52$2,471,503.955.0012/01/2022STPTRN
ST PAUL MINN PORT AUTH LEASE R 2,800,000.001.77$2,882,460.005.2512/01/2027STPTRN
ST PAUL MINN SWR REV 1,325,000.000.92$1,504,232.755.0012/01/2021STPUTL
UNIVERSITY MINN 1,000,000.000.68$1,102,740.005.2504/01/2029UNIHGR
UNIVERSITY MINN 1,290,000.000.92$1,506,281.405.0012/01/2019UNIHGR
UNIVERSITY MINN 4,000,000.002.91$4,739,440.005.5007/01/2021UNIHGR
UNIVERSITY MINN UNIV HOSP & CL 2,580,000.001.94$3,165,376.206.7512/01/2016UNIMED
UNIVERSITY VIRGIN ISLANDS 500,000.000.30$491,065.005.3806/01/2034UVI
VIRGIN ISLANDS PUB FIN AUTH RE 500,000.000.31$511,845.005.2510/01/2023VITGEN
VIRGINIA MINN HSG & REDEV AUTH 680,000.000.41$673,961.605.2510/01/2025VIRMED
VIRGINIA MINN HSG & REDEV AUTH 965,000.000.58$942,235.655.3810/01/2030VIRMED
WASHINGTON CNTY MINN HSG & RED 750,000.000.46$753,195.004.7010/01/2032WASHSG
WASHINGTON CNTY MINN HSG & RED 1,705,000.001.10$1,785,237.305.5002/01/2022WASHSG
WASHINGTON CNTY MINN HSG & RED 2,140,000.001.34$2,172,314.005.5002/01/2032WASHSG
WESTERN MINN MUN PWR AGY MINN 1,535,000.001.09$1,776,532.256.6201/01/2016WESPWR
WESTERN MINN MUN PWR AGY MINN 5,000,000.003.11$5,058,550.005.0001/01/2030WESPWR
WINONA MINN HEALTH CARE FACS R 1,010,000.000.60$969,418.205.0007/01/2023WINMED