Nomura Tax-Free New York Fund Class C (DVFNX)

Fund Assets	212.07M
Expense Ratio	1.542%
Min. Investment	$1,000
Turnover	46.00%
Dividend (ttm)	0.34
Dividend Yield	3.49%
Dividend Growth	6.60%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.62
YTD Return	-3.06%
1-Year Return	-3.03%
5-Year Return	-4.72%
52-Week Low	9.51
52-Week High	10.46
Beta (5Y)	0.35
Holdings	162
Inception Date	Apr 26, 1995

About DVFNX

Macquarie Tax-Free New York Fund Class C is an open-end municipal bond mutual fund that primarily invests in debt securities issued by New York state and local governments, as well as qualifying agencies and authorities. The fund's overarching goal is to provide investors with a high level of current income that is exempt from both federal and New York state personal income taxes, making it especially attractive to New York residents seeking tax-efficient income. Under normal market conditions, it allocates at least 80% of its net assets to municipal securities whose income remains tax-exempt. The fund generally maintains a long maturity profile, with portfolios usually averaging over six years in duration or more than twelve years in average maturity. Its holdings are primarily composed of New York municipal bonds but may also include select municipal securities from other U.S. territories. Macquarie Tax-Free New York Fund Class C plays a critical role for individuals aiming to reduce tax liabilities while preserving capital, thereby serving as a specialized solution within the broader municipal fixed income market.

• Fund Family: Nomura
• Category: Muni New York Long
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: DVFNX
• Share Class: Class C
• Index: Bloomberg Municipal Bond TR

Performance

DVFNX had a total return of -3.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.96%.

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	0.55%
FNMAX	Fidelity	Fidelity Advisor NY Municipal Inc A	0.74%
FTFMX	Fidelity	Fidelity New York Municipal Income Fund	0.46%
FNYPX	Fidelity	Fidelity Advisor NY Municipal Inc M	0.71%
FNYCX	Fidelity	Fidelity Advisor NY Municipal Inc C	1.49%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
DTNIX	Institutional Class	0.55%
FTNYX	Class A	0.80%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02805	Sep 30, 2026
Aug 31, 2026	$0.02785	Aug 31, 2026
Jul 31, 2026	$0.03017	Jul 31, 2026
Jun 30, 2026	$0.02768	Jun 30, 2026
May 29, 2026	$0.02905	May 29, 2026
Apr 30, 2026	$0.028	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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