Nomura Minnesota High-Yield Muni Bond Fund A (DVMHX)
9.90
+0.02
(+0.20%)
USD |
Apr 02 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.85% | 231.28M | -- | 20.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -11.36M | 3.92% |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income that is exempt from federal income tax and from Minnesota state personal income taxes, through investment in medium- and lower-grade municipal obligations. The Fund is required to derive at least 95% of its income from Minnesota obligations to be exempt from personal taxes. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Minnesota Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Minnesota 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:
25
-6.218M
Peer Group Low
21.02M
Peer Group High
1 Year
% Rank:
38
-11.36M
-66.90M
Peer Group Low
39.68M
Peer Group High
3 Months
% Rank:
45
-24.00M
Peer Group Low
31.03M
Peer Group High
3 Years
% Rank:
38
-275.43M
Peer Group Low
126.79M
Peer Group High
6 Months
% Rank:
45
-36.26M
Peer Group Low
43.47M
Peer Group High
5 Years
% Rank:
25
-477.58M
Peer Group Low
53.54M
Peer Group High
YTD
% Rank:
45
-7.878M
Peer Group Low
31.03M
Peer Group High
10 Years
% Rank:
38
-553.85M
Peer Group Low
368.83M
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of April 03, 2026.
Asset Allocation
As of January 31, 2026.
| Type | % Net |
|---|---|
| Cash | 1.78% |
| Stock | 0.00% |
| Bond | 98.22% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.00% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV MN 5.000 02/15/2058 | 3.01% | 98.93 | 0.00% |
| ROCHESTER MINN HEALTH CARE FACS REV MN 1.200 11/15/2064 | 2.90% | 100.00 | 0.00% |
| ST PAUL MINN PORT AUTH SOLID WASTE DISP REV MN 4.500 10/01/2037 | 2.31% | 96.10 | 0.00% |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV MN 5.000 01/01/2044 | 1.80% | 102.50 | -0.01% |
| MINNESOTA ST MN 5.000 08/01/2043 | 1.57% | 109.37 | -0.00% |
| ST PAUL MINN HSG & REDEV AUTH CHARTER SCH LEASE REV MN 6.000 09/01/2051 | 1.52% | 100.06 | -0.00% |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV MN 4.000 01/01/2054 | 1.39% | 87.52 | 0.00% |
|
Cash and Cash Equivalents
|
1.24% | -- | -- |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 4.536 07/01/2053 | 1.22% | 92.83 | 0.00% |
| MINNESOTA ST HIGHER ED FACS AUTH REV MN 5.000 05/01/2047 | 1.20% | 91.90 | 0.01% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.25% |
| Actual Management Fee | 0.39% |
| 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 a high level of current income that is exempt from federal income tax and from Minnesota state personal income taxes, through investment in medium- and lower-grade municipal obligations. The Fund is required to derive at least 95% of its income from Minnesota obligations to be exempt from personal taxes. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Minnesota Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Minnesota 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 (4-1-26) | 3.81% |
| 30-Day SEC Yield (2-28-26) | 3.64% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 226 |
| Bond | |
| Yield to Maturity (1-31-26) | 4.71% |
| Effective Duration | -- |
| Average Coupon | 4.71% |
| Calculated Average Quality | 3.157 |
| Effective Maturity | 11.58 |
| Nominal Maturity | 21.96 |
| Number of Bond Holdings | 224 |
As of January 31, 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:DVMHX", "name") |
| Broad Asset Class: =YCI("M:DVMHX", "broad_asset_class") |
| Broad Category: =YCI("M:DVMHX", "broad_category_group") |
| Prospectus Objective: =YCI("M:DVMHX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |