Morningstar

Nomura Tax-Free USA Fund Class A DMTFX

Morningstar Medalist Rating
Medalist Rating as of | See Nomura Investment Hub
  • NAV / 1-Day Return 10.17  /  0.00
  • Total Assets 1.1B
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.820%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.28%
  • Effective Duration 10.30 years

USD | NAV as of Jun 13, 2026 | 1-Day Return as of Jun 13, 2026, 12:11 AM GMT+0

Morningstar’s Analysis DMTFX

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

  • People Pillar

    The People Pillar is our evaluation of the DMTFX 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 DMTFX’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 USA A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings DMTFX

More DMTFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

3.26 36M
municipal

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

2.31 25M
municipal

PUERTO RICO COMWLTH 0%

1.82 20M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

1.81 20M
municipal

CALIFORNIA EDL FACS AUTH REV 5%

1.66 18M
municipal

NEW YORK CNTYS TOB TR V 0%

1.52 17M
municipal

PUERTO RICO COMWLTH 4%

1.44 16M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

1.38 15M
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 2.875%

1.18 13M
municipal

GEO L SMITH II GA WORLD CONGRESS CTR AUTH CONVENTION CTR HOTEL REV 4%

1.02 11M
municipal

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