Nomura Tax-Free California Fund Class A (DVTAX)

Fund Assets	274.43M
Expense Ratio	0.80%
Min. Investment	$1,000
Turnover	46.00%
Dividend (ttm)	0.44
Dividend Yield	4.09%
Dividend Growth	8.95%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	10.66
YTD Return	0.56%
1-Year Return	5.96%
5-Year Return	2.02%
52-Week Low	10.43
52-Week High	11.02
Beta (5Y)	0.10
Holdings	199
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.

• Fund Family: Nomura
• Category: Muni California Long
• Performance Rating: Above Average
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: DVTAX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

DVTAX had a total return of 5.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.51%.

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	0.76%
FCTFX	Fidelity	Fidelity California Municipal Income Fund	0.43%
FIJBX	Fidelity	Fidelity Advisor California Muni Inc Z	0.40%
FCMQX	Fidelity	Fidelity Advisor California Municipal Income Fund - Class I	0.52%
FCMTX	Fidelity	Fidelity Advisor California Muni Inc M	0.67%

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%
DVFTX	Class C	1.55%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03892	Jul 31, 2026
Jun 30, 2026	$0.03565	Jun 30, 2026
May 29, 2026	$0.03681	May 29, 2026
Apr 30, 2026	$0.036	Apr 30, 2026
Mar 31, 2026	$0.0369	Mar 31, 2026
Feb 27, 2026	$0.0333	Feb 27, 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:

Aug 27, 2026

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