Macquarie Tax-Free USA Fund Class A (DMTFX)
| Fund Assets | 1.17B |
| Expense Ratio | 0.80% |
| Min. Investment | $1,000 |
| Turnover | 28.00% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 4.25% |
| Dividend Growth | -0.66% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 9.69 |
| YTD Return | -6.61% |
| 1-Year Return | -5.79% |
| 5-Year Return | -2.01% |
| 52-Week Low | 9.65 |
| 52-Week High | 10.94 |
| Beta (5Y) | 0.43 |
| Holdings | 301 |
| Inception Date | Jan 11, 1984 |
About DMTFX
Macquarie Tax-Free USA Fund Class A is a mutual fund focused on providing a high level of current interest income that is exempt from federal income tax. Its primary investment strategy centers on municipal bonds, using diversified holdings across various states and sectors to lower risk and support public infrastructure projects. Classified in the Muni National Long category, the fund typically maintains a long duration, with an effective duration of over 11 years. It invests in both general obligation and revenue municipal securities, seeking to balance income generation with the preservation of capital. With over 300 holdings and a portfolio managed by experienced professionals, the fund draws on in-depth credit research to select its investments. Macquarie Tax-Free USA Fund Class A plays a significant role for investors seeking federally tax-exempt income, often appealing to those in higher tax brackets or focused on after-tax yield. It distributes income monthly and aims to deliver steady returns while minimizing exposure to federal tax liability, reinforcing its importance in the U.S. tax-free municipal bond sector.
Performance
DMTFX had a total return of -5.79% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.92%.
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 Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.51% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| FHIGX | Fidelity | Fidelity Municipal Income Fund | 0.44% |
Top 10 Holdings
18.99% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2046 | 4.34% |
| GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO 7.5% | PR.PRCDEV 7.5 08.20.2040 | 2.78% |
| PUERTO RICO COMWLTH 0% | PR.PRC 11.01.2043 | 1.83% |
| CALIFORNIA EDL FACS AUTH REV 5% | CA.CASEDU 5 05.01.2049 | 1.72% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% | PR.PRCGEN 4.75 07.01.2053 | 1.63% |
| GEO L SMITH II GA WORLD CONGRESS CTR AUTH CONVENTION CTR HOTEL REV 4% | GA.GLSFAC 4 01.01.2054 | 1.49% |
| NEW YORK CNTYS TOB TR V 0% | NY.NYSGEN 0 06.01.2060 | 1.41% |
| CALIFORNIA HEALTH FACS FING AUTH REV 5% | CA.CASMED 5 11.01.2047 | 1.35% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 4% | OH.BUCGEN 4 06.01.2048 | 1.26% |
| FLORIDA DEV FIN CORP REV 12% | FL.FLSDEV 07.15.2032 | 1.19% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.036 | Jul 1, 2025 |
| May 30, 2025 | $0.037 | Jun 2, 2025 |
| Apr 30, 2025 | $0.035 | May 1, 2025 |
| Mar 31, 2025 | $0.036 | Apr 1, 2025 |
| Feb 28, 2025 | $0.032 | Mar 3, 2025 |
| Jan 31, 2025 | $0.03674 | Jan 31, 2025 |