DVHCX – Nomura National Hi-Yld Muni Bd C Investment Strategy | Morningstar

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Strategy

The investment seeks a high level of current income exempt from federal income tax primarily through investment in medium- and lower-grade municipal obligations. 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. It will invest primarily in lower-rated municipal securities, which typically offer higher income potential and involve greater risk than higher-quality securities.

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
DVHIX	Nomura National High Yield Municipal Bond Fund Institutional Class	Institutional	Open			Dec 31, 2008	$1.70B	0.600%	Average	—	−$804.62M
CXHYX	Nomura National High Yield Municipal Bond Fund Class A	Front Load	Open			Sep 22, 1986	$517.47M	0.850%	Above Average	—	−$116.05M
DVHCX	Nomura National High Yield Municipal Bond Fund Class C	Level Load	Open			May 27, 1997	$41.31M	1.600%	Above Average	—	−$9.13M

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