DMHIX – Nomura MN High-Yield Muni Bd Instl Investment Strategy | Morningstar

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Strategy

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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
DMHIX	Nomura Minnesota High-Yield Municipal Bond Fund Institutional Class	Institutional	Open			Dec 31, 2013	$170.14M	0.590%	Above Average	—	$38.79M
DVMHX	Nomura Minnesota High-Yield Municipal Bond Fund Class A	Front Load	Open			Jun 4, 1996	$68.36M	0.840%	Above Average	$1,000	−$8.53M
DVMMX	Nomura Minnesota High-Yield Municipal Bond Fund Class C	Level Load	Open			Jun 7, 1996	$5.17M	1.590%	Above Average	$1,000	−$595,839.79

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