Morningstar

Nomura Tax-Free Minnesota Fund Institutional Class DMNIX

Morningstar Medalist Rating
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Medalist Rating as of See Nomura Investment Hub
  • NAV / 1-Day Return $10.50  /  +0.96 %
  • Fund Size $477.8M
  • Adjusted Expense Ratio 0.560%
  • Net Expense Ratio 0.570%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Muni Minnesota
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment —
  • Investment Status Open
  • TTM Yield 4.24%
  • Average Effective Duration 9.10 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis DMNIX

Will DMNIX 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 DMNIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DMNIX 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 DMNIX’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 Minnesota Institutional 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.

by Morningstar Automated Analysis
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Portfolio Holdings DMNIX

More DMNIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5%

2.05 11M
municipal

ST PAUL MINN PORT AUTH SOLID WASTE DISP REV 4.5%

1.83 10M
municipal

MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5.25%

1.79 9M
municipal

MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5%

1.73 9M
municipal

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5%

1.63 9M
municipal

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5.25%

1.53 8M
municipal

ROCHESTER MINN HEALTH CARE FACS REV 4%

1.49 8M
municipal

MINNESOTA ST 5%

1.31 7M
municipal

ROSEMOUNT MINN 4%

1.27 7M
municipal

MINNESOTA ST HIGHER ED FACS AUTH REV 5%

1.26 7M
municipal

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