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DTF Tax Free Income Closed Fund (DTF)
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Upturn Advisory Summary
01/09/2026: DTF (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -4.26% | Avg. Invested days 47 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 78.66M USD | Price to earnings Ratio 53.29 | 1Y Target Price - |
Price to earnings Ratio 53.29 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.34 | 52 Weeks Range 10.83 - 11.45 | Updated Date 06/29/2025 |
52 Weeks Range 10.83 - 11.45 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 3.49% | Basic EPS (TTM) 0.21 |
Earnings Date
Report Date 2025-06-19 | When Before Market | Estimate - | Actual - |
Profitability
Profit Margin 52.87% | Operating Margin (TTM) 66.84% |
Management Effectiveness
Return on Assets (TTM) 1.41% | Return on Equity (TTM) 1.76% |
Valuation
Trailing PE 53.29 | Forward PE - | Enterprise Value 76819856 | Price to Sales(TTM) 27.75 |
Enterprise Value 76819856 | Price to Sales(TTM) 27.75 | ||
Enterprise Value to Revenue 40.98 | Enterprise Value to EBITDA - | Shares Outstanding 7029570 | Shares Floating - |
Shares Outstanding 7029570 | Shares Floating - | ||
Percent Insiders 0.17 | Percent Institutions 42.24 |
Upturn AI SWOT
DTF Tax Free Income Closed Fund
Company Overview
History and Background
DTF Tax Free Income Closed Fund (DTF) is a closed-end fund that invests in a diversified portfolio of municipal bonds. It was established to provide investors with a consistent stream of tax-exempt income. The fund's evolution has been focused on adapting to changing interest rate environments and credit quality within the municipal bond market.
Core Business Areas
- Municipal Bond Investments: The fund's primary business is investing in a diversified portfolio of investment-grade municipal bonds issued by state and local governments and their agencies. The objective is to generate tax-exempt income and preserve capital.
Leadership and Structure
As a closed-end fund, DTF is managed by a board of trustees and a professional investment management team. Specific details on the current leadership team and organizational structure are typically found in the fund's annual reports and prospectus.
Top Products and Market Share
Key Offerings
- Description: The fund's primary offering is a diversified portfolio of municipal bonds. Market share data for specific closed-end funds is typically not reported in the same way as operating companies. DTF competes within the broader closed-end municipal bond fund sector.
- Product Name 1: Tax-Exempt Municipal Bonds Portfolio
Market Dynamics
Industry Overview
The municipal bond market is influenced by factors such as interest rates, inflation, economic growth, and fiscal policies of state and local governments. The closed-end fund structure offers a fixed capital base, which can impact its ability to manage liquidity and adapt to market changes. The tax-exempt nature of the income is a key driver for investors in higher tax brackets.
Positioning
DTF is positioned as a provider of tax-exempt income for investors seeking regular distributions. Its competitive advantage lies in its diversification across various municipal issuers and its professional management to navigate the complexities of the bond market.
Total Addressable Market (TAM)
The total addressable market for municipal bonds is substantial, representing trillions of dollars in outstanding debt. DTF's positioning within this TAM is as a specialized investment vehicle for a segment of investors seeking tax-advantaged income from this asset class.
Upturn SWOT Analysis
Strengths
- Tax-exempt income generation
- Diversification across municipal issuers
- Professional management of bond portfolio
Weaknesses
- Interest rate risk
- Credit risk of municipal issuers
- Potential for discounts to Net Asset Value (NAV) in closed-end structure
Opportunities
- Favorable tax policy for municipal bonds
- Potential for interest rate declines
- Investor demand for yield in a low-rate environment
Threats
- Rising interest rates
- Deterioration of municipal credit quality
- Changes in tax laws
Competitors and Market Share
Key Competitors
- BlackRock Municipal Bond Trust (BBK)
- Nuveen Municipal Value Fund (NUV)
- Invesco Municipal Opportunity Trust (VMO)
- PIMCO Municipal Income Fund III (PMX)
- Oppenheimer Municipal Bond Fund (OAK)
Competitive Landscape
DTF competes with a range of other closed-end municipal bond funds. Its advantages may lie in its specific sector focus, management expertise, and fee structure. Disadvantages could include the fund's size relative to larger competitors, potentially impacting trading liquidity or access to certain types of municipal debt.
Growth Trajectory and Initiatives
Historical Growth: Historical growth for DTF would be assessed by its NAV per share performance and its ability to maintain or grow its distributions over time. The fund's AUM (Assets Under Management) would also be a factor.
Future Projections: Future projections for DTF would depend on the outlook for the municipal bond market, interest rate movements, and the fund's investment strategy. Analyst estimates might focus on expected income generation and NAV performance.
Recent Initiatives: Recent initiatives for DTF might include portfolio adjustments in response to market conditions, changes in management strategy, or efforts to enhance shareholder value.
Summary
DTF Tax Free Income Closed Fund is a specialized investment vehicle focused on tax-exempt income from municipal bonds. Its strengths lie in diversification and professional management, but it faces inherent risks from interest rate volatility and credit quality changes. The fund needs to remain vigilant in managing its portfolio to navigate market fluctuations and maintain attractive distributions for its shareholders.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Fund Prospectus
- Annual and Semi-Annual Reports
- Financial Data Aggregators (e.g., Morningstar, Bloomberg)
Disclaimers:
This analysis is based on publicly available information and may not be exhaustive. It is intended for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investors should consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About DTF Tax Free Income Closed Fund
Exchange NYSE | Headquaters Chicago, IL, United States | ||
IPO Launch date 1991-11-22 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website https://www.dtffund.com |
Full time employees - | Website https://www.dtffund.com | ||
DTF Tax-Free Income 2028 Term Fund Inc. is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc. The fund is managed by Duff & Phelps Investment Management Co. It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities. It invests in the fixed income markets of the United States. It was formerly known as DTF Tax-Free Income Inc. DTF Tax-Free Income 2028 Term Fund Inc. was formed on November, 1991 and is domiciled in the United States.
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