Nomura Tax-Free USA Intermediate Fund Class A (DMUSX)

Fund Assets	767.20M
Expense Ratio	0.726%
Min. Investment	$1,000
Turnover	30.00%
Dividend (ttm)	0.42
Dividend Yield	4.13%
Dividend Growth	0.66%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.11
YTD Return	-3.93%
1-Year Return	-3.11%
5-Year Return	-1.63%
52-Week Low	10.00
52-Week High	11.00
Beta (5Y)	0.32
Holdings	331
Inception Date	Jan 7, 1993

About DMUSX

The Macquarie Tax-Free USA Intermediate Fund Class A is a municipal bond mutual fund designed to provide investors with a high level of current interest income that is exempt from federal income tax. This fund primarily invests in a diversified portfolio of investment-grade U.S. municipal securities, focusing on intermediate-term bonds to balance yield with interest rate sensitivity. Notable features include its ability to invest up to 20% of assets in high-yield (or "junk") municipal bonds, providing additional income opportunities while accepting a measured level of credit risk. The fund employs a disciplined, bottom-up research approach to credit analysis, emphasizing security selection and responsible risk management to preserve capital and enhance after-tax returns over time. With an effective duration of approximately seven years and a target maturity range that generally spans five to twelve years, the fund is suited for investors seeking tax-advantaged income without taking on the volatility typical of longer-term strategies. The Macquarie Tax-Free USA Intermediate Fund Class A plays a significant role for investors aiming to optimize tax efficiency and income within the municipal bond market.

• Fund Family: Nomura
• Category: Muni National Interm
• Performance Rating: Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: DMUSX
• Share Class: Class A
• Index: Bloomberg Municipal Bond 3-15 Y TR

Performance

DMUSX had a total return of -3.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.75%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
DUSIX	Institutional Class	0.50%
DUICX	Class C	1.50%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03481	Sep 30, 2026
Aug 31, 2026	$0.03491	Aug 31, 2026
Jul 31, 2026	$0.03797	Jul 31, 2026
Jun 30, 2026	$0.03449	Jun 30, 2026
May 29, 2026	$0.03376	May 29, 2026
Apr 30, 2026	$0.032	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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