Nomura Tax-Free Oregon Fund Institutional Class (FTOTX)
| Fund Assets | 46.94M |
| Expense Ratio | 0.63% |
| Min. Investment | $1,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 3.86% |
| Dividend Growth | 5.54% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 12.22 |
| YTD Return | 1.17% |
| 1-Year Return | 4.38% |
| 5-Year Return | 5.38% |
| 52-Week Low | 11.07 |
| 52-Week High | 12.24 |
| Beta (5Y) | n/a |
| Holdings | 76 |
| Inception Date | May 1, 2013 |
About FTOTX
The Macquarie Tax-Free Oregon Fund Institutional Class is a municipal bond mutual fund designed to provide a high level of tax-exempt interest income for individual investors residing in Oregon. Its primary objective is to generate income that is exempt from both federal and Oregon state income taxes, making it particularly suited for investors seeking tax-advantaged returns within the state. The fund primarily invests in municipal securities issued by the State of Oregon and its municipalities, underpinning local infrastructure and public projects while addressing investors’ tax efficiency needs. Notably, the fund benchmarks its performance against the BofA Merrill Lynch Municipal Securities Master Index, allowing for robust performance comparisons within the broader municipal bond sector. With total assets exceeding $50 million and a dividend yield around 3.8%, the fund plays a significant role in the Oregon municipal debt market, while catering to institutional clients who require tax-efficient income and comparatively low credit risk exposure.
Performance
FTOTX had a total return of 4.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.35%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| FTORX | Class A | 0.88% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0416 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0404 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0395 | Nov 28, 2025 |
| Oct 31, 2025 | $0.041 | Oct 31, 2025 |
| Sep 30, 2025 | $0.039 | Oct 1, 2025 |
| Aug 29, 2025 | $0.041 | Sep 2, 2025 |