Nomura Tax-Free New York Fund Class C (DVFNX)
| Fund Assets | 238.66M |
| Expense Ratio | 1.55% |
| Min. Investment | $1,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.23% |
| Dividend Growth | 8.23% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.40 |
| YTD Return | 2.74% |
| 1-Year Return | 6.93% |
| 5-Year Return | -0.31% |
| 52-Week Low | 9.81 |
| 52-Week High | 10.46 |
| Beta (5Y) | 0.34 |
| Holdings | 163 |
| 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.
Performance
DVFNX had a total return of 6.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.17%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02768 | Jun 30, 2026 |
| May 29, 2026 | $0.02905 | May 29, 2026 |
| Apr 30, 2026 | $0.028 | Apr 30, 2026 |
| Mar 31, 2026 | $0.029 | Mar 31, 2026 |
| Feb 27, 2026 | $0.027 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0291 | Jan 30, 2026 |