Nomura Tax-Free California Fund Class A (DVTAX)
| Fund Assets | 279.59M |
| Expense Ratio | 0.80% |
| Min. Investment | $1,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 3.66% |
| Dividend Growth | 6.44% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 11.45 |
| YTD Return | 1.30% |
| 1-Year Return | 2.73% |
| 5-Year Return | 2.24% |
| 52-Week Low | 10.50 |
| 52-Week High | 11.46 |
| Beta (5Y) | n/a |
| Holdings | 189 |
| Inception Date | Mar 2, 1995 |
About DVTAX
Macquarie Tax-Free California Fund Class A is a municipal bond mutual fund designed to provide investors with a high level of income that is exempt from both federal income tax and California state personal income tax. The fund primarily invests in a diversified portfolio of California municipal bonds, focusing on capital preservation and the pursuit of attractive after-tax yields. Through rigorous credit analysis and a selective, bottom-up investment approach, the fund identifies opportunities within the California municipal market, aiming to balance risk and return while maintaining tax efficiency for shareholders. This fund plays a significant role for individual and institutional investors seeking to manage tax liabilities, particularly those residing in California or subject to its tax regulations. Class A shares of the fund are characterized by an upfront sales charge and ongoing distribution fees, reflecting the typical cost structure for retail investors in this share class. The fund’s objective and sector focus make it especially relevant for those prioritizing tax-advantaged fixed income exposure within their broader investment strategy.
Performance
DVTAX had a total return of 2.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.28%.
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 | $0.0368 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0377 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0355 | Nov 28, 2025 |
| Oct 31, 2025 | $0.036 | Oct 31, 2025 |
| Sep 30, 2025 | $0.035 | Oct 1, 2025 |
| Aug 29, 2025 | $0.037 | Sep 2, 2025 |