Morningstar

Nomura Minnesota High-Yield Municipal Bond Fund Class C DVMMX

Morningstar Medalist Rating
Medalist Rating as of | See Nomura Investment Hub
  • NAV / 1-Day Return 10.05  /  −0.10 %
  • Total Assets 242.5M
  • Adj. Expense Ratio
    1.590%
  • Expense Ratio 1.600%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Muni Minnesota
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.05%
  • Effective Duration 9.07 years

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

Morningstar’s Analysis DVMMX

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

  • People Pillar

    The People Pillar is our evaluation of the DVMMX 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 DVMMX’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 C 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 DVMMX

More DVMMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5%

2.92 7M
municipal

ROCHESTER MINN HEALTH CARE FACS REV 3%

2.50 6M
municipal

ROCHESTER MINN HEALTH CARE FACS REV 5%

2.30 5M
municipal

ST PAUL MINN PORT AUTH SOLID WASTE DISP REV 4.5%

2.25 5M
municipal

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

1.78 4M
municipal

MINNESOTA ST 5%

1.54 4M
municipal

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

1.51 4M
municipal

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

1.36 3M
municipal

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

1.28 3M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.536%

1.20 3M
municipal

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