Nomura Tax-Free California Fund C (DVFTX)
10.68
+0.01
(+0.09%)
USD |
Aug 25 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.55% | 276.25M | -- | 46.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -20.85M | 5.26% |
Basic Info
| Investment Strategy | |
| The Fund seeks as high a level of current income exempt from federal income tax and from the California state personal income tax, as is consistent with preservation of capital. Under normal circumstances, the Fund will invest at least 80% of its net assets in municipal securities. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | California Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | California 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:
75
-47.94M
Peer Group Low
292.96M
Peer Group High
1 Year
% Rank:
77
-20.85M
-247.79M
Peer Group Low
1.839B
Peer Group High
3 Months
% Rank:
76
-32.54M
Peer Group Low
686.29M
Peer Group High
3 Years
% Rank:
49
-1.731B
Peer Group Low
2.096B
Peer Group High
6 Months
% Rank:
77
-52.27M
Peer Group Low
1.201B
Peer Group High
5 Years
% Rank:
33
-3.971B
Peer Group Low
2.600B
Peer Group High
YTD
% Rank:
66
-39.22M
Peer Group Low
1.367B
Peer Group High
10 Years
% Rank:
61
-3.847B
Peer Group Low
3.679B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of August 26, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 0.97% |
| Stock | 0.01% |
| Bond | 99.02% |
| 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 | 3.03% | 36.52 | 2.13% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 5.000 07/01/2058 | 2.11% | 97.48 | 0.00% |
| CALIFORNIA HEALTH FACS FING AUTH REV CA 4.000 04/01/2049 | 1.81% | 90.16 | 0.14% |
| CALIFORNIA ST UNIV REV CA 3.000 11/01/2052 | 1.78% | 72.53 | 0.00% |
| GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO PR 7.500 08/20/2040 | 1.62% | 97.98 | 0.00% |
| CALIFORNIA EDL FACS AUTH REV CA 5.000 05/01/2049 | 1.43% | 111.71 | 0.05% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV CA 5.250 07/01/2054 | 1.40% | 104.03 | -0.00% |
| SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WTR REV CA 5.250 11/01/2055 | 1.34% | 106.04 | -0.00% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV CA 5.500 05/01/2055 | 1.33% | 104.77 | -0.00% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 4.750 07/01/2053 | 1.30% | 95.60 | 0.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 1.00% |
| Actual Management Fee | 0.37% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | 1.00% |
| 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 |
Projected Income
| Type | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of July 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks as high a level of current income exempt from federal income tax and from the California state personal income tax, as is consistent with preservation of capital. Under normal circumstances, the Fund will invest at least 80% of its net assets in municipal securities. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | California Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | California 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 (8-25-26) | 3.30% |
| 30-Day SEC Yield (7-31-26) | 3.35% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 200 |
| Bond | |
| Yield to Maturity (6-30-26) | 4.16% |
| Effective Duration | -- |
| Average Coupon | 4.96% |
| Calculated Average Quality | 2.678 |
| Effective Maturity | 19.95 |
| Nominal Maturity | 24.25 |
| Number of Bond Holdings | 198 |
As of June 30, 2026
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:DVFTX", "name") |
| Broad Asset Class: =YCI("M:DVFTX", "broad_asset_class") |
| Broad Category: =YCI("M:DVFTX", "broad_category_group") |
| Prospectus Objective: =YCI("M:DVFTX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |