Nomura Tax-Free Oregon Fund Institutional Class (FTOTX)

Fund Assets	49.80M
Expense Ratio	0.619%
Min. Investment	$1,000
Turnover	31.00%
Dividend (ttm)	0.49
Dividend Yield	4.26%
Dividend Growth	5.78%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	11.35
YTD Return	-2.70%
1-Year Return	-1.82%
5-Year Return	-0.27%
52-Week Low	11.19
52-Week High	12.32
Beta (5Y)	0.04
Holdings	80
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.

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

Performance

FTOTX had a total return of -1.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.72%.

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
FTORX	Class A	0.88%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03926	Sep 30, 2026
Aug 31, 2026	$0.04105	Aug 31, 2026
Jul 31, 2026	$0.04403	Jul 31, 2026
Jun 30, 2026	$0.03996	Jun 30, 2026
May 29, 2026	$0.04171	May 29, 2026
Apr 30, 2026	$0.0406	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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