Nomura Tax-Free USA Fund A (DMTFX)
10.21
+0.01
(+0.10%)
USD |
Jan 15 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.82% | 1.130B | -- | 37.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -180.76M | 2.82% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks as high a level of current interest income exempt from federal income tax as is available from municipal obligations as is consistent with prudent investment management and preservation of capital. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | Nomura Asset Management |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
72
-236.84M
Peer Group Low
695.75M
Peer Group High
1 Year
% Rank:
73
-180.76M
-1.568B
Peer Group Low
6.516B
Peer Group High
3 Months
% Rank:
77
-330.09M
Peer Group Low
2.452B
Peer Group High
3 Years
% Rank:
68
-4.735B
Peer Group Low
17.77B
Peer Group High
6 Months
% Rank:
76
-472.58M
Peer Group Low
3.776B
Peer Group High
5 Years
% Rank:
72
-7.473B
Peer Group Low
34.92B
Peer Group High
YTD
% Rank:
--
1.253M
Peer Group Low
30.06M
Peer Group High
10 Years
% Rank:
77
-7.216B
Peer Group Low
45.31B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of January 16, 2026.
Asset Allocation
As of October 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.78% |
| Stock | 0.09% |
| Bond | 99.13% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.00% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 0.000 07/01/2046 | 4.64% | 34.96 | 0.00% |
| GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO PR 7.500 08/20/2040 | 2.27% | 97.91 | 0.00% |
| PUERTO RICO COMWLTH PR 0.000 11/01/2043 | 1.72% | 64.75 | 0.00% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 4.750 07/01/2053 | 1.68% | 94.84 | 0.00% |
| CALIFORNIA EDL FACS AUTH REV CA 5.000 05/01/2049 | 1.57% | 114.73 | 0.00% |
| GEO L SMITH II GA WORLD CONGRESS CTR AUTH CONVENTION CTR HOTEL REV GA 4.000 01/01/2054 | 1.41% | 87.10 | 0.00% |
| NEW YORK CNTYS TOB TR V NY 0.000 06/01/2060 | 1.39% | -- | -- |
| PUERTO RICO COMWLTH PR 4.000 07/01/2046 | 1.37% | 89.18 | 0.54% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 0.000 07/01/2051 | 1.22% | 25.40 | 0.00% |
| NEW YORK LIBERTY DEV CORP LIBERTY REV NY 2.875 11/15/2046 | 1.08% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.25% |
| Actual Management Fee | 0.43% |
| Administration Fee | -- |
| Maximum Front Load | 4.50% |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1000.00 None |
| Minimum Subsequent Investment | 100.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks as high a level of current interest income exempt from federal income tax as is available from municipal obligations as is consistent with prudent investment management and preservation of capital. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | Nomura Asset Management |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (1-14-26) | 4.30% |
| 30-Day SEC Yield (11-30-25) | 4.05% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 332 |
| Bond | |
| Yield to Maturity (10-31-25) | 4.77% |
| Effective Duration | -- |
| Average Coupon | 5.05% |
| Calculated Average Quality | 2.767 |
| Effective Maturity | 19.00 |
| Nominal Maturity | 24.44 |
| Number of Bond Holdings | 329 |
As of October 31, 2025
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:DMTFX", "name") |
| Broad Asset Class: =YCI("M:DMTFX", "broad_asset_class") |
| Broad Category: =YCI("M:DMTFX", "broad_category_group") |
| Prospectus Objective: =YCI("M:DMTFX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |