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- Upturn Summary
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Upturn AI Summary - About
DTF Tax Free Income Closed Fund(DTF)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for DTF
11/11/2026: DTF (1-star) has a low Upturn Star Rating. Not recommended to BUY.
DTF Tax Free Income Closed Fund is a specialized investment vehicle focused on generating federal tax-exempt income through a portfolio of municipal bonds. Its main strength lies in its long-standing history and consistent management under Duff & Phelps. The fund offers an attractive opportunity for investors in higher tax brackets who prioritize steady, tax-advantaged monthly distributions. However, investors must be aware of risks including interest rate sensitivity, potential trading at discounts to net asset value, and changes in federal tax law. It is best suited for dividend-focused investors, and monitoring changes in interest rates and municipal credit quality is essential for ongoing assessment.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This fund focuses on income generation rather than capital appreciation. |
| Momentum investor | Weak fit | The fund's price movement is generally slow and tied to interest rate environments. |
| Value investor | Mixed fit | Value investors may look at the fund when it trades at a significant discount to NAV. |
| Dividend investor | Strong fit | The fund is specifically designed for investors seeking tax-advantaged monthly income. |
| Low-risk investor | Mixed fit | While municipal bonds are generally lower risk, closed-end funds carry market and interest rate risks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | Market prices can fluctuate due to interest rate changes and discount/premium volatility. |
| Valuation risk | Medium | The gap between market price and NAV can change, impacting investment entry and exit points. |
| Competition risk (Fixed Income) | Medium | Performance depends on the ability to source attractive municipal bonds compared to other income funds. |
| Business quality | Strong | Duff & Phelps provides consistent, professional management for the fund's specific mandate. |
| Dividend income | Medium / high | Dividend sustainability depends on the interest income generated by the underlying municipal portfolio. |
| Execution risk | Low | Management's historical adherence to the mandate reduces operational execution risk. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type Stock | Historic Profit 5.94% | Avg. Invested days 75 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 11/11/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Sector & Industry Intelligence
Sector snapshot as of 2026-11-10
Sector
Financial Services
- Signal
- Constructive
- Sentiment
- Bullish
- Market state
- Bullish
- Momentum
- BUY Breadth Improving
- BUY participation
- 47.5%
- Active BUY / eligible
- 56 / 118
- 22-session BUY-count change
- +41
More qualifying stocks are receiving or maintaining BUY advisories, indicating improving market participation.
Industry
Asset Management
- BUY participation
- 44.4%
- Active BUY / eligible
- 8 / 18
- 22-session BUY-count change
- +2
The sector signal does not change this stock’s BUY, SELL, or PASS advisory.
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 80.28M USD | Price to earnings Ratio 27.85 | 1Y Target Price - |
Price to earnings Ratio 27.85 | 1Y Target Price - | ||
Volume (30-day avg) 8.8K shares | Beta 0.3 | 52 Weeks Range 10.91 - 11.66 | Updated Date 11/11/2026 |
52 Weeks Range 10.91 - 11.66 | Updated Date 11/11/2026 | ||
Dividends yield (FY) 3.38% | Basic EPS (TTM) 0.41 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Municipal Bond Portfolio | Interest income from high-quality municipal securities. | The fund earns money from the interest paid by state and local governments on the bonds it owns. |
Valuation
Trailing PE 27.85 | Forward PE - | Enterprise Value 77.98M | Price to Sales(TTM) 29.33 |
Enterprise Value 77.98M | Price to Sales(TTM) 29.33 | ||
Enterprise Value to Revenue 24.4 | Enterprise Value to EBITDA - | Shares Outstanding 7.03M | Shares Floating - |
Shares Outstanding 7.03M | Shares Floating - | ||
Percent Insiders 0.01 | Percent Institutions 45.41 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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