Morningstar

Nomura National High Yield Municipal Bond Fund Institutional Class DVHIX

Morningstar Medalist Rating
Medalist Rating as of | See Nomura Investment Hub
  • NAV / 1-Day Return 9.08  /  0.00
  • Total Assets 2.3B
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.620%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 5.78%
  • Effective Duration 10.80 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis DVHIX

Will DVHIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DVHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DVHIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DVHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Nomura National Hi-Yld Muni Bd Instl holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings DVHIX

More DVHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO COMWLTH 4%

1.92 49M
municipal

PUERTO RICO COMWLTH 0%

1.80 46M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

1.50 38M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

1.46 37M
municipal

GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5%

1.41 36M
municipal

TOBACCO SETTLEMENT FING CORP VA 0%

1.25 32M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

1.10 28M
municipal

INLAND EMPIRE TOBACCO SECURIZATION AUTH CALIF TOB 0%

0.96 25M
municipal

FLORIDA DEV FIN CORP REV 5.5%

0.86 22M
municipal

CALIFORNIA EDL FACS AUTH REV 5%

0.85 22M
municipal

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