Nomura Tax-Free New York Fund Institutional Class (DTNIX)
| Fund Assets | 239.17M |
| Expense Ratio | 0.55% |
| Min. Investment | $1,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 4.13% |
| Dividend Growth | 5.10% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.39 |
| YTD Return | 1.25% |
| 1-Year Return | 3.00% |
| 5-Year Return | 3.65% |
| 52-Week Low | 9.55 |
| 52-Week High | 10.40 |
| Beta (5Y) | n/a |
| Holdings | 165 |
| Inception Date | Dec 31, 2013 |
About DTNIX
Macquarie Tax-Free New York Fund Institutional Class is a municipal bond mutual fund designed to provide investors with high levels of current income exempt from both federal and New York State personal income taxes. The fund strategically invests at least 80% of its net assets in municipal securities issued within New York, prioritizing tax-exempt income while aiming to preserve capital. Its portfolio typically maintains a dollar-weighted average effective maturity ranging from 5 to 30 years, allowing it to navigate both intermediate and long-term opportunities in the municipal bond market. This fund is particularly notable for appealing to individual and institutional investors who seek state and federal tax advantages and who have exposure to New York’s tax regime. Managed by Macquarie Asset Management, the fund stands out in the marketplace due to its focus on credit quality, thorough issuer analysis, and competitive cost structure, which positions it within the second-lowest fee quintile among municipal bond funds. Overall, the fund plays a specialized role in providing tax-efficient fixed income exposure for New York-based investors or others with relevant tax liabilities.
Performance
DTNIX had a total return of 3.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.93%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FEMIX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class I | 0.52% |
| FNMAX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class A | 0.75% |
| FTFMX | Fidelity | Fidelity New York Municipal Income Fund | 0.44% |
| FNYPX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class M | 0.71% |
| FNYCX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class C | 1.45% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.038 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0373 | Dec 31, 2025 |
| Nov 28, 2025 | $0.036 | Nov 28, 2025 |
| Oct 31, 2025 | $0.037 | Oct 31, 2025 |
| Sep 30, 2025 | $0.036 | Oct 1, 2025 |
| Aug 29, 2025 | $0.037 | Sep 2, 2025 |