Nomura Tax-Free California Fund Class C (DVFTX)
| Fund Assets | 279.59M |
| Expense Ratio | 1.55% |
| Min. Investment | $1,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.10% |
| Dividend Growth | 9.71% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.95 |
| YTD Return | 1.20% |
| 1-Year Return | 1.99% |
| 5-Year Return | -0.81% |
| 52-Week Low | 10.10 |
| 52-Week High | 10.96 |
| Beta (5Y) | 0.41 |
| Holdings | 189 |
| Inception Date | Apr 9, 1996 |
About DVFTX
Macquarie Tax-Free California Fund Class C is a mutual fund specifically structured to provide investors with income that is exempt from both federal income tax and California state personal income tax. Managed by Macquarie Asset Management, the fund primarily invests in a diversified portfolio of municipal bonds issued within California. These securities are selected based on rigorous credit quality assessments from major rating agencies, making the fund suitable for investors seeking tax-advantaged fixed income exposure. The fund is designed to serve residents of California who aim to maximize after-tax returns by minimizing tax liabilities associated with traditional interest income. By focusing on California municipal issuers, the fund also plays a role in supporting public infrastructure and community projects within the state. Macquarie Tax-Free California Fund Class C is overseen by a team with broad expertise in municipal and U.S. fixed income markets, with holdings and allocations reflecting ongoing assessments of credit quality and overall market conditions.
Performance
DVFTX had a total return of 1.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.06%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FCMAX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class A | 0.76% |
| FCTFX | Fidelity | Fidelity California Municipal Income Fund | 0.43% |
| FIJBX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class Z | 0.40% |
| FCMQX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class I | 0.53% |
| FCMTX | Fidelity | Fidelity Advisor California Municipal Income Fund - Class M | 0.67% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0299 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0308 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0288 | Nov 28, 2025 |
| Oct 31, 2025 | $0.029 | Oct 31, 2025 |
| Sep 30, 2025 | $0.028 | Oct 1, 2025 |
| Aug 29, 2025 | $0.030 | Sep 2, 2025 |