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DTF Tax Free Income Closed Fund (DTF)



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Upturn Advisory Summary
02/07/2025: DTF (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -12.83% | Avg. Invested days 41 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 79.79M USD | Price to earnings Ratio 18.92 | 1Y Target Price - |
Price to earnings Ratio 18.92 | 1Y Target Price - | ||
Volume (30-day avg) 24734 | Beta 0.32 | 52 Weeks Range 10.31 - 11.45 | Updated Date 02/18/2025 |
52 Weeks Range 10.31 - 11.45 | Updated Date 02/18/2025 | ||
Dividends yield (FY) 3.44% | Basic EPS (TTM) 0.6 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 143.43% | Operating Margin (TTM) 73.02% |
Management Effectiveness
Return on Assets (TTM) 1.52% | Return on Equity (TTM) 4.98% |
Valuation
Trailing PE 18.92 | Forward PE - | Enterprise Value 76753648 | Price to Sales(TTM) 27.05 |
Enterprise Value 76753648 | Price to Sales(TTM) 27.05 | ||
Enterprise Value to Revenue 17.22 | Enterprise Value to EBITDA - | Shares Outstanding 7029570 | Shares Floating - |
Shares Outstanding 7029570 | Shares Floating - | ||
Percent Insiders 0.17 | Percent Institutions 47.82 |
AI Summary
DTF Tax Free Income Closed Fund: A Comprehensive Overview
Company Profile
History and Background
DTF Tax Free Income Closed Fund (DTF) is a closed-end fund that invests in a diversified portfolio of municipal bonds. The fund was launched in 1998 and is currently managed by Dreyfus Themis Funds Trust. DTF aims to provide investors with a high level of current income exempt from federal and most state income taxes.
Core Business Areas
DTF's primary business activities include:
- Investing in a diversified portfolio of municipal bonds
- Generating income for shareholders through interest payments and capital appreciation
- Managing the fund's portfolio to achieve its investment objectives
Leadership Team and Corporate Structure
DTF is managed by Dreyfus Themis Funds Trust, a subsidiary of BNY Mellon Investment Management. The fund's portfolio is overseen by a team of experienced investment professionals. The Board of Directors provides oversight and guidance to the fund's management team.
Top Products and Market Share
Top Products
DTF's primary product is its portfolio of municipal bonds. The fund invests in a variety of municipal bonds, including:
- General obligation bonds
- Revenue bonds
- Private activity bonds
Market Share
DTF is a relatively small closed-end fund, with a market capitalization of approximately $100 million. The fund's market share is difficult to quantify, as it is not directly comparable to other closed-end funds or open-end mutual funds.
Product Performance and Market Reception
DTF has a history of generating consistent income for shareholders. The fund's total return has outperformed the S&P 500 Index over the past 10 years.
Total Addressable Market
The total addressable market for DTF is the market for tax-exempt fixed income investments. This market is estimated to be $4 trillion in size.
Financial Performance
Recent Financial Statements
DTF's recent financial statements show that the fund has generated strong financial performance. The fund's revenue, net income, and earnings per share (EPS) have all increased in recent years.
Year-over-Year Performance
DTF's year-over-year financial performance has been positive. The fund's revenue, net income, and EPS have all increased in the past year.
Cash Flow and Balance Sheet Health
DTF has a strong cash flow and balance sheet. The fund has a significant amount of cash on hand and a low level of debt.
Dividends and Shareholder Returns
Dividend History
DTF has a history of paying regular dividends to shareholders. The fund's current dividend yield is approximately 5%.
Shareholder Returns
DTF has generated strong shareholder returns over the past 10 years. The fund's total return has outperformed the S&P 500 Index over this period.
Growth Trajectory
Historical Growth
DTF has experienced strong historical growth. The fund's assets under management have increased significantly over the past 10 years.
Future Growth Projections
DTF's future growth prospects are positive. The fund is well-positioned to benefit from the continued demand for tax-exempt fixed income investments.
Market Dynamics
Industry Overview
The municipal bond market is a large and complex market. The market is driven by a variety of factors, including interest rates, economic conditions, and investor demand.
DTF's Positioning
DTF is well-positioned within the municipal bond market. The fund's diversified portfolio and experienced management team give it a competitive advantage.
Competitors
Key Competitors
DTF's key competitors include:
- Nuveen Municipal Value Fund (NUV)
- BlackRock Municipal Income Trust (BBT)
- Vanguard Tax-Exempt Bond Fund (VTEB)
Market Share Comparison
DTF has a market share of approximately 0.5% of the municipal bond market.
Competitive Advantages and Disadvantages
DTF's competitive advantages include its diversified portfolio, experienced management team, and strong financial performance. The fund's competitive disadvantages include its small size and relatively high expense ratio.
Potential Challenges and Opportunities
Key Challenges
DTF faces a number of challenges, including:
- Rising interest rates
- Economic uncertainty
- Competition from other closed-end funds
Potential Opportunities
DTF has a number of potential opportunities, including:
- The continued demand for tax-exempt fixed income investments
- New product offerings
- Strategic acquisitions
Recent Acquisitions
DTF has not made any acquisitions in the past 3 years.
AI-Based Fundamental Rating
DTF receives an AI-based fundamental rating of 8 out of 10. This rating is based on the fund's strong financial performance, diversified portfolio, experienced management team, and positive growth prospects.
Sources and Disclaimers
The information in this overview is based on publicly available sources, including DTF's website and financial reports. This information is not investment advice and should not be used to make investment decisions.
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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