Nomura Tax-Free USA Fund Class C (DUSCX)

Fund Assets	976.26M
Expense Ratio	1.542%
Min. Investment	$1,000
Turnover	37.00%
Dividend (ttm)	0.35
Dividend Yield	3.70%
Dividend Growth	-1.07%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.43
YTD Return	-4.60%
1-Year Return	-4.48%
5-Year Return	-8.08%
52-Week Low	9.31
52-Week High	10.30
Beta (5Y)	0.12
Holdings	338
Inception Date	Nov 29, 1995

About DUSCX

Macquarie Tax-Free USA Fund Class C is a municipal bond mutual fund designed to provide investors with current interest income that is exempt from federal income tax. The fund invests primarily in a diversified portfolio of municipal bonds issued by various state and local governments across the United States to finance public projects and infrastructure. By spreading investments across multiple states and sectors, the fund aims to reduce risk while maintaining tax-efficient income generation. The portfolio includes bonds with varying credit ratings and maturity dates, typically maintaining longer duration positions to optimize yield. The fund serves individual investors seeking tax-advantaged income and is structured as an open-end mutual fund with monthly dividend distributions. It operates with a moderate expense ratio and requires a minimum initial investment, making it accessible to retail investors in taxable accounts. The fund is managed by Macquarie, a financial services firm, and appeals to investors in higher tax brackets looking to preserve capital while generating tax-free municipal income.

• Fund Family: Nomura
• Category: Muni National Long
• Performance Rating: Below Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: DUSCX
• Share Class: Class C
• Index: Bloomberg Municipal Bond TR

Performance

DUSCX had a total return of -4.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.93%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FLUVX	Fidelity	Fidelity Advisor Municipal Income M	0.73%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.44%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.49%
FUENX	Fidelity	Fidelity Flex Municipal Income Fund	n/a
FHIGX	Fidelity	Fidelity Municipal Income Fund	0.43%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
DTFIX	Institutional Class	0.55%
DMTFX	Class A	0.80%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03032	Sep 30, 2026
Aug 31, 2026	$0.02922	Aug 31, 2026
Jul 31, 2026	$0.03188	Jul 31, 2026
Jun 30, 2026	$0.02655	Jun 30, 2026
May 29, 2026	$0.02748	May 29, 2026
Apr 30, 2026	$0.0269	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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