Morningstar

Nomura Tax-Free USA Intermediate Fund Institutional Class DUSIX

Morningstar Medalist Rating
Medalist Rating as of | See Nomura Investment Hub
  • NAV / 1-Day Return 10.94  /  0.00
  • Total Assets 842.8M
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.510%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 4.18%
  • Effective Duration 7.96 years

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

Morningstar’s Analysis DUSIX

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

  • People Pillar

    The People Pillar is our evaluation of the DUSIX 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 DUSIX’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 Intermediate Instl 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 DUSIX

More DUSIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

2.36 20M
municipal

TOBACCO SETTLEMENT FING CORP VA 0%

1.80 15M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

1.61 14M
municipal

PUERTO RICO COMWLTH 4%

1.36 11M
municipal

PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV 4.85%

1.31 11M
municipal

METROPOLITAN PIER & EXPOSITION AUTH ILL REV 4%

1.23 10M
municipal

ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5.25%

1.18 10M
municipal

NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 4%

1.18 10M
municipal

PUERTO RICO COMWLTH 0%

1.18 10M
municipal

NEW JERSEY ST TRANSN TR FD AUTH 0%

1.13 10M
municipal

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