Morningstar

Nomura Minnesota High-Yield Municipal Bond Fund Class A DVMHX

Morningstar Medalist Rating
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Medalist Rating as of See Nomura Investment Hub
  • NAV / 1-Day Return $9.42  /  +0.86 %
  • Fund Size $225.9M
  • Adjusted Expense Ratio 0.840%
  • Net Expense Ratio 0.850%
  • Fee Level: Distribution Above Average
  • Share Class Type Front Load
  • Morningstar Category Muni Minnesota
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 4.08%
  • Average Effective Duration 9.22 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis DVMHX

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

  • People Pillar

    The People Pillar is our evaluation of the DVMHX 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 DVMHX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Nomura MN High-Yield Muni Bd 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.

by Morningstar Automated Analysis
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Portfolio Holdings DVMHX

More DVMHX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5%

2.76 7M
municipal

ROCHESTER MINN HEALTH CARE FACS REV 2.8%

2.52 6M
municipal

ROCHESTER MINN HEALTH CARE FACS REV 5%

2.15 5M
municipal

ST PAUL MINN PORT AUTH SOLID WASTE DISP REV 4.5%

2.09 5M
municipal

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

1.68 4M
municipal

MINNESOTA ST 5%

1.65 4M
municipal

ST PAUL MINN HSG & REDEV AUTH CHARTER SCH LEASE REV 6%

1.44 4M
municipal

MINNESOTA ST 5%

1.42 3M
municipal

MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 4%

1.26 3M
municipal

ST PAUL MINN HSG & REDEV AUTH HEALTH CARE REV 5.875%

1.21 3M
municipal

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