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DTF
Upturn stock ratingUpturn stock rating

DTF Tax Free Income Closed Fund (DTF)

Upturn stock ratingUpturn stock rating
$11.33
Delayed price
Profit since last BUY0.44%
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Upturn Advisory Summary

02/07/2025: DTF (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

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 stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/07/2025

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 -
Full time employees -

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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