Nomura Tax-Free Oregon Fund Class A (FTORX)

Fund Assets	49.80M
Expense Ratio	0.864%
Min. Investment	$1,000
Turnover	31.00%
Dividend (ttm)	0.46
Dividend Yield	3.99%
Dividend Growth	6.18%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	11.36
YTD Return	-2.87%
1-Year Return	-1.97%
5-Year Return	-1.19%
52-Week Low	11.21
52-Week High	12.34
Beta (5Y)	0.31
Holdings	80
Inception Date	May 4, 1992

About FTORX

Macquarie Tax-Free Oregon Fund Class A is a municipal bond mutual fund focused on generating a high level of interest income that is exempt from both federal and Oregon state income taxes for individual residents of Oregon. The fund primarily invests in investment-grade municipal securities, including bonds issued by Oregon state and local authorities, as well as select holdings from other municipal issuers. Its portfolio emphasizes credit analysis and employs a bottom-up investment approach to identify opportunities for income and risk management. The fund caters to investors seeking tax-advantaged income within Oregon, making it particularly relevant for those in higher tax brackets or with substantial state tax liabilities. Notable features include an effective duration of approximately 8.65 years and a trailing twelve-month yield of 3.34% as of early 2025. With total assets in the $40–$55 million range, it represents a specialized, single-state municipal fund option in the U.S. market. The fund’s expense ratio stands at 0.90%, and it is structured as a front-load share class, which impacts cost considerations for investors.

• Fund Family: Nomura
• Category: Other States Muni
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FTORX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

FTORX had a total return of -1.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.90%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FSAZX	Fidelity	Fidelity Arizona Municipal Income Fund	0.57%
FICNX	Fidelity	Fidelity Connecticut Municipal Income Fund	0.46%
FMHTX	Fidelity	Fidelity Michigan Municipal Income Fund	0.45%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
FTOTX	Institutional Class	0.63%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03692	Sep 30, 2026
Aug 31, 2026	$0.03856	Aug 31, 2026
Jul 31, 2026	$0.04134	Jul 31, 2026
Jun 30, 2026	$0.0375	Jun 30, 2026
May 29, 2026	$0.0392	May 29, 2026
Apr 30, 2026	$0.0381	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

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