DELIX – Nomura Tax-Free Pennsylvania A 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 Pennsylvania 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, plus the amount of any borrowings for investment purposes, in securities that provide income that is exempt from federal income tax, including the federal alternative minimum tax, and the personal income taxes of the Commonwealth of Pennsylvania. It will invest its assets in securities with maturities of various lengths, depending on market conditions.

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
DTPIX	Nomura Tax-Free Pennsylvania Fund Institutional Class	Institutional	Open			Dec 31, 2013	$100.06M	0.580%	Above Average	—	$8.71M
DELIX	Nomura Tax-Free Pennsylvania Fund Class A	Front Load	Open			Mar 23, 1977	$245.77M	0.830%	Above Average	$1,000	−$39.05M
DPTCX	Nomura Tax-Free Pennsylvania Fund Class C	Level Load	Open			Nov 29, 1995	$10.87M	1.580%	Above Average	$1,000	−$325,210.74

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