DCOIX – Nomura Tax-Free CO Institutional Investment Strategy | Morningstar

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Strategy

The investment seeks as high a level of current income exempt from federal income tax and from the personal income tax in Colorado as is consistent with preservation of capital. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities the income from which is exempt from federal income tax, including the federal alternative minimum tax, and from Colorado state personal income taxes. It will generally have a dollar-weighted average effective maturity of between 5 and 30 years.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
DCOIX	Nomura Tax-Free Colorado Fund Institutional Class	Institutional	Open			Dec 31, 2013	$111.35M	0.570%	Above Average	—	$12.57M
VCTFX	Nomura Tax-Free Colorado Fund Class A	Front Load	Open			Apr 23, 1987	$121.26M	0.820%	Above Average	$1,000	−$8.11M
DVCTX	Nomura Tax-Free Colorado Fund Class C	Level Load	Open			May 6, 1994	$2.78M	1.570%	Above Average	$1,000	$528,400.47

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