# Nomura Value Fund Class A (DDVAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ddvax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Nomura · Asset class: Equity - Strategy: Thematic · Inception: 1998-09-14 This fund primarily focuses its investments on large-capitalization companies. Under standard operating conditions, it is mandated to commit a minimum of 80% of its total net assets—including any funds borrowed for investment—to these substantial corporations; this critical guideline is formally termed its 80% policy. The fund's Manager actively seeks out large-cap firms that are perceived to offer considerable potential for value appreciation over an extended period. For definitional purposes, the fund's advisor currently categorizes large-capitalization stocks as those possessing a market... ## Key Facts | Metric | Value | |---|---| | Price | $13.01 | | Expense Ratio | 0.95% | | Assets Under Management | $7.56B | | NAV | $13.01 | | Holdings Count | — | | Distribution Yield (TTM) | 24.56% | | Annual Distribution (TTM) | $3.19 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $11.77 – $15.02 | | Beta | 0.66 | ## Latest Distribution - Amount: $0.0285 /share - Ex-date: 2026-09-22 - Pay date: 2026-09-22 ## Frequently Asked Questions ### What does DDVAX invest in? This fund primarily focuses its investments on large-capitalization companies. Under standard operating conditions, it is mandated to commit a minimum of 80% of its total net assets—including any funds borrowed for investment—to these substantial corporations; this critical guideline is formally termed its 80% policy. The fund's Manager actively seeks out large-cap firms that are perceived to offer considerable potential for value appreciation over an extended period. For definitional purposes, the fund's advisor currently categorizes large-capitalization stocks as those possessing a market valuation of $5 billion or more at the exact moment of purchase. ### What is the expense ratio of DDVAX? Nomura Value Fund Class A (DDVAX) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is DDVAX? Nomura Value Fund Class A (DDVAX) manages $7.56B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is DDVAX actively managed or an index fund? DDVAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was DDVAX launched? Nomura Value Fund Class A (DDVAX) launched in September 1998 and is managed by Nomura. ### How has DDVAX performed? DDVAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does DDVAX pay a dividend? Nomura Value Fund Class A (DDVAX) currently distributes little or no income. Trailing-twelve-month yield is 24.56%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DDVAX pay dividends? Nomura Value Fund Class A pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DDVAX's dividend yield? DDVAX's trailing-twelve-month yield is 24.56%, calculated from the sum of dividends over the past year divided by the current price. ### When is DDVAX's next ex-dividend date? The most recently announced ex-dividend date for DDVAX was 2026-09-22. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will DDVAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.95% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DDVAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from DDVAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DDVAX cost more than a fund like VOO? DDVAX's strategy (current expense ratio 0.95%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where DDVAX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to DDVAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as DDVAX (0.95%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ddvax - Distribution history: https://www.dividenddata.com/funds/ddvax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ddvax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ddvax/expenses - Peer comparison: https://www.dividenddata.com/funds/ddvax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.