Nomura Tax-Free New York Institutional (DTNIX)

Fund Assets	230.26M
Expense Ratio	0.55%
Min. Investment	$1,000
Turnover	46.00%
Dividend (ttm)	0.44
Dividend Yield	4.37%
Dividend Growth	7.17%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	10.17
YTD Return	1.03%
1-Year Return	6.45%
5-Year Return	2.76%
52-Week Low	9.93
52-Week High	10.48
Beta (5Y)	0.06
Holdings	163
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.

• Fund Family: Nomura
• Category: Muni New York Long
• Performance Rating: High
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: DTNIX
• Share Class: Institutional Class
• Index: Bloomberg Municipal Bond TR

Performance

DTNIX had a total return of 6.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.36%.

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 NY Municipal Inc I	0.53%
FNMAX	Fidelity	Fidelity Advisor NY Municipal Inc A	0.76%
FTFMX	Fidelity	Fidelity New York Municipal Income Fund	0.45%
FNYPX	Fidelity	Fidelity Advisor NY Municipal Inc M	0.72%
FNYCX	Fidelity	Fidelity Advisor NY Municipal Inc C	1.46%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
FTNYX	Class A	0.80%
DVFNX	Class C	1.55%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03958	Jul 31, 2026
Jun 30, 2026	$0.03628	Jun 30, 2026
May 29, 2026	$0.03784	May 29, 2026
Apr 30, 2026	$0.0365	Apr 30, 2026
Mar 31, 2026	$0.0378	Mar 31, 2026
Feb 27, 2026	$0.035	Feb 27, 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:

Aug 27, 2026

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