Nomura Tax-Free USA Intermediate Fund returned 1.01% in Q4 2025, trailing its benchmark. Read the full analysis for more details.
Nomura Tax-Free USA Fund Institutional Class shares underperformed the Fund's benchmark by 87 bps, returning 0.69% vs. 1.56% for its benchmark, the Bloomberg Municipal Bond Index, for 4Q25.
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A major market meltdown would change the financial plans of millions of Australians overnight. With the Middle East war, how likely is it?