Nomura Tax-Free USA Institutional (DTFIX)

Fund Assets	976.26M
Expense Ratio	0.57%
Min. Investment	$0.00
Turnover	37.00%
Dividend (ttm)	0.46
Dividend Yield	4.75%
Dividend Growth	-1.52%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.50
YTD Return	-3.92%
1-Year Return	-3.55%
5-Year Return	-3.33%
52-Week Low	9.38
52-Week High	10.38
Beta (5Y)	0.12
Holdings	338
Inception Date	Dec 31, 2008

About DTFIX

Macquarie Tax-Free USA Fund Institutional Class is a mutual fund specializing in U.S. municipal debt securities. Its primary objective is to deliver a high level of current interest income that is exempt from federal income tax by investing chiefly in tax-exempt municipal bonds issued by state and local governments across the United States. The fund targets broad diversification across states and sectors, aiming to enhance risk management and reduce exposure to any single municipality or sector. It serves institutional investors seeking federal tax-advantaged fixed income exposure and typically appeals to those needing stable, tax-efficient income. The portfolio is actively managed by an experienced team with deep expertise in municipal securities, leveraging credit analysis to select issues with attractive risk-adjusted yields. In the context of the financial market, this fund plays a significant role for investors seeking to diversify fixed income holdings while mitigating federal tax liability. By focusing on municipal obligations, it supports public infrastructure funding and provides investors access to professionally managed, tax-efficient fixed income solutions.

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

Performance

DTFIX had a total return of -3.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.23%.

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	0.75%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.50%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.50%
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
DMTFX	Class A	0.80%
DUSCX	Class C	1.55%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03857	Sep 30, 2026
Aug 31, 2026	$0.03803	Aug 31, 2026
Jul 31, 2026	$0.04138	Jul 31, 2026
Jun 30, 2026	$0.03523	Jun 30, 2026
May 29, 2026	$0.03636	May 29, 2026
Apr 30, 2026	$0.0355	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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