Nomura Tax-Free Colorado Fund Institutional Class (DCOIX)

Fund Assets	251.02M
Expense Ratio	0.57%
Min. Investment	$1,000
Turnover	20.00%
Dividend (ttm)	0.40
Dividend Yield	3.89%
Dividend Growth	1.82%
Payout Frequency	Monthly
Ex-Dividend Date	Mar 31, 2026

Previous Close	10.22
YTD Return	0.25%
1-Year Return	3.67%
5-Year Return	6.82%
52-Week Low	9.78
52-Week High	10.45
Beta (5Y)	n/a
Holdings	161
Inception Date	Dec 31, 2013

About DCOIX

Macquarie Tax-Free Colorado Fund Institutional Class is a municipal bond mutual fund focused on generating federally tax-exempt income that is also exempt from Colorado state personal income tax. The fund primarily invests in a diversified portfolio of Colorado municipal securities, seeking high current income while emphasizing preservation of capital. Its holdings typically include general obligation, revenue, and essential-service bonds issued by state and local entities that finance public infrastructure such as transportation, education, utilities, and healthcare. Managed within Macquarie Asset Management’s municipal platform, the strategy applies credit research and structure selection to balance income, quality, and interest rate sensitivity. By concentrating on Colorado issuers, the fund plays a targeted role in the muni market, channeling capital to local projects and public finance needs. It serves investors looking to align income with state-specific tax considerations, while providing access to the broader characteristics of the U.S. municipal bond asset class, including credit diversification across issuers and sectors and exposure to the interest-rate dynamics that influence municipal bond valuations.

• Fund Family: Nomura
• Category: Muni Single State Long
• Performance Rating: High
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: DCOIX
• Share Class: Institutional Class
• Index: Bloomberg Municipal Bond TR

Performance

DCOIX had a total return of 3.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.60%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
FSAZX	Fidelity	Fidelity Arizona Municipal Income Fund	0.55%
FICNX	Fidelity	Fidelity Connecticut Municipal Income Fund	0.46%
FMHTX	Fidelity	Fidelity Michigan Municipal Income Fund	0.46%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
VCTFX	Class A	0.82%
DVCTX	Class C	1.57%

Dividend History

Ex-Dividend	Amount	Pay Date
Mar 31, 2026	$0.0343	Mar 31, 2026
Feb 27, 2026	$0.0309	Feb 27, 2026
Jan 30, 2026	$0.0346	Jan 30, 2026
Dec 31, 2025	$0.0344	Dec 31, 2025
Nov 28, 2025	$0.0332	Nov 28, 2025
Oct 31, 2025	$0.034	Oct 31, 2025