DTF Tax-Free Income 2028 Term Fund Inc.

Frequently Asked Questions About DTF

What does DTF invest in?

The DTF Tax-Free Income 2028 Term Fund Inc. functions as a closed-end investment company focused on fixed-income assets. It was initiated by Virtus Investment Partners, Inc., and its operations are overseen by Duff & Phelps Investment Management Co. The fund's core investment approach involves constructing a diverse portfolio primarily composed of high-grade, tax-exempt bonds from utility companies. Its holdings encompass a broad range of sectors, including water and sewer infrastructure, electric power providers, prerefunded obligations, pollution control projects, and various non-utility enterprises. All capital is deployed within the U.S. fixed income markets. Established in November 1991 and domiciled in the United States, the fund previously operated under the name DTF Tax-Free Income Inc.

What is the expense ratio of DTF?

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) charges an expense ratio of 1.08%. This is the annual fee deducted from fund assets to cover management and operations.

What is DTF's dividend yield?

DTF's trailing-twelve-month yield is 3.38%, calculated from the sum of dividends over the past year divided by the current price.

How big is DTF?

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) manages $81.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is DTF actively managed or an index fund?

DTF's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was DTF launched?

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) launched in November 1991 and is managed by the fund issuer.