Morningstar

Nomura Tax-Free Pennsylvania Fund Class A DELIX

Morningstar Medalist Rating
Medalist Rating as of | See Nomura Investment Hub
  • NAV / 1-Day Return 6.72  /  −0.15 %
  • Total Assets 356.7M
  • Adj. Expense Ratio
    0.830%
  • Expense Ratio 0.840%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.28%
  • Effective Duration 9.32 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis DELIX

Will DELIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DELIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DELIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DELIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Nomura Tax-Free Pennsylvania A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

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Portfolio Holdings DELIX

More DELIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 5.375%

3.18 12M
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV 5%

2.90 11M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

2.76 10M
municipal

PHILADELPHIA PA ARPT REV 4%

2.68 10M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

1.97 7M
municipal

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

1.77 7M
municipal

PHILADELPHIA PA AUTH FOR INDL DEV UNIV REV 5.5%

1.62 6M
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 5.25%

1.46 6M
municipal

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 4%

1.45 5M
municipal

PUERTO RICO COMWLTH 0%

1.43 5M
municipal

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