Nomura Tax-Free California Fund Class C (DVFTX)

Fund Assets	226.92M
Expense Ratio	1.542%
Min. Investment	$1,000
Turnover	46.00%
Dividend (ttm)	0.36
Dividend Yield	3.58%
Dividend Growth	12.07%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.05
YTD Return	-4.03%
1-Year Return	-3.87%
5-Year Return	-5.12%
52-Week Low	9.95
52-Week High	11.04
Beta (5Y)	0.40
Holdings	197
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.

• Fund Family: Nomura
• Category: Muni California Long
• Performance Rating: Below Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: DVFTX
• Share Class: Class C
• Index: Bloomberg Municipal Bond TR

Performance

DVFTX had a total return of -3.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.45%.

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 Muni Inc A	0.74%
FCTFX	Fidelity	Fidelity California Municipal Income Fund	0.43%
FIJBX	Fidelity	Fidelity Advisor California Muni Inc Z	0.41%
FCMQX	Fidelity	Fidelity Advisor California Muni Inc I	0.52%
FCMTX	Fidelity	Fidelity Advisor California Muni Inc M	0.66%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
DCTIX	Institutional Class	0.55%
DVTAX	Class A	0.80%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.039	Sep 30, 2026
Aug 31, 2026	$0.02903	Aug 31, 2026
Jul 31, 2026	$0.03159	Jul 31, 2026
Jun 30, 2026	$0.02899	Jun 30, 2026
May 29, 2026	$0.02999	May 29, 2026
Apr 30, 2026	$0.0294	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

Data Sources Report a data error