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Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

DTF Tax-Free Income 2028 Term Fund Inc.

XDTFX | Fund

$12.19

$95.3 M

0.00%

2.37%

Vitals

YTD Return

-1.7%

1 yr return

0.7%

3 Yr Avg Return

-8.2%

5 Yr Avg Return

-5.0%

Net Assets

$95.3 M

Holdings in Top 10

15.4%

52 WEEK LOW AND HIGH

$12.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.37%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 10.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

DTF Tax-Free Income 2028 Term Fund Inc.

XDTFX | Fund

$12.19

$95.3 M

0.00%

2.37%

XDTFX - Profile

Distributions

  • YTD Total Return -1.7%
  • 3 Yr Annualized Total Return -8.2%
  • 5 Yr Annualized Total Return -5.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DTF Tax-Free Income 2028 Term Fund Inc.
  • Fund Family Name
    Duff & Phelps
  • Inception Date
    Jul 08, 2005
  • Shares Outstanding
    7029567
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Lisa Leonard

Fund Description

XDTFX - Performance

Return Ranking - Trailing

Period XDTFX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -5.0% 26.7% 96.14%
1 Yr 0.7% 0.7% 38.1% 100.00%
3 Yr -8.2%* -10.8% 3.2% 99.32%
5 Yr -5.0%* -7.0% 1102.9% 99.30%
10 Yr -0.9%* -0.9% 248.6% 100.00%

* Annualized

Return Ranking - Calendar

Period XDTFX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.5% -1.4% 41.0% 99.80%
2022 -20.2% -39.7% 0.3% 96.48%
2021 -2.9% -5.6% 6.9% 99.80%
2020 2.4% -2.6% 310.0% 18.33%
2019 5.7% 0.0% 26.0% 8.14%

Total Return Ranking - Trailing

Period XDTFX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -5.0% 26.7% 96.14%
1 Yr 0.7% 0.7% 38.1% 100.00%
3 Yr -8.2%* -10.8% 3.2% 99.32%
5 Yr -5.0%* -7.0% 1102.9% 99.30%
10 Yr -0.9%* -0.9% 248.6% 100.00%

* Annualized

Total Return Ranking - Calendar

Period XDTFX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.5% -1.3% 41.0% 99.93%
2022 -20.2% -39.7% 1.1% 96.48%
2021 -2.9% -4.8% 23761504.0% 99.80%
2020 2.4% -1.5% 17057.9% 85.49%
2019 7.1% 0.2% 3514.6% 32.83%

NAV & Total Return History

XDTFX - Holdings

Concentration Analysis

XDTFX Category Low Category High XDTFX % Rank
Net Assets 95.3 M 3.22 M 71.9 B 87.01%
Number of Holdings 178 4 13418 66.31%
Net Assets in Top 10 26.2 M -317 M 3.09 B 81.42%
Weighting of Top 10 15.41% 1.8% 100.3% 61.03%

Top 10 Holdings

  1. MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5.5% 2.24%
  2. NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV 2.4% 1.59%
  3. SEMINOLE CNTY FLA SALES TAX REV 5.25% 1.50%
  4. SEMINOLE CNTY FLA SCH BRD CTFS PARTN 5% 1.47%
  5. MIAMI-DADE CNTY FLA SCH BRD CTFS PARTN 5% 1.47%
  6. FLORIDA ST BRD GOVERNORS FLA ST UNIV DORM REV 5% 1.45%
  7. ILLINOIS ST 5.5% 1.44%
  8. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.25% 1.44%
  9. RIVERSIDE CNTY CALIF SINGLE FAMILY REV 7.8% 1.44%
  10. INDIANA FIN AUTH HOSP REV 5% 1.41%

Asset Allocation

Weighting Return Low Return High XDTFX % Rank
Bonds 		96.83% 0.00% 150.86% 82.44%
Cash 		2.09% -50.86% 44.62% 29.69%
Other 		1.08% -3.69% 51.88% 3.93%
Stocks 		0.00% 0.00% 99.78% 52.36%
Preferred Stocks 		0.00% 0.00% 0.07% 43.54%
Convertible Bonds 		0.00% 0.00% 0.93% 43.25%

Bond Sector Breakdown

Weighting Return Low Return High XDTFX % Rank
Municipal 		97.89% 44.39% 100.00% 56.75%
Cash & Equivalents 		2.11% 0.00% 44.41% 18.24%
Derivative 		0.00% -3.69% 51.88% 46.87%
Securitized 		0.00% 0.00% 5.93% 44.18%
Corporate 		0.00% 0.00% 9.41% 52.94%
Government 		0.00% 0.00% 52.02% 47.33%

Bond Geographic Breakdown

Weighting Return Low Return High XDTFX % Rank
US 		96.83% 0.00% 142.23% 80.16%
Non US 		0.00% 0.00% 23.89% 45.94%

XDTFX - Expenses

Operational Fees

XDTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.37% 0.01% 8.02% 1.20%
Management Fee 0.50% 0.00% 1.20% 82.17%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.44% 66.19%

Sales Fees

XDTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

XDTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XDTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 0.00% 283.00% 21.48%

XDTFX - Distributions

Dividend Yield Analysis

XDTFX Category Low Category High XDTFX % Rank
Dividend Yield 0.00% 0.00% 14.51% 97.27%

Dividend Distribution Analysis

XDTFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

XDTFX Category Low Category High XDTFX % Rank
Net Income Ratio 2.57% -0.53% 5.33% 16.17%

Capital Gain Distribution Analysis

XDTFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

XDTFX - Fund Manager Analysis

Managers

Lisa Leonard

Start Date

Tenure

Tenure Rank

Dec 30, 2004

17.43

17.4%

Lisa Leonard is a managing director and portfolio manager of municipal securities at Newfleet Asset Management. Ms. Leonard specializes in both taxable and tax-exempt municipal bonds. She manages a number of municipal bond portfolios, including the Virtus Newfleet Tax-Exempt Bond Fund, high-net-worth portfolios for Newfleet, and institutional portfolios for an affiliated manager, Duff & Phelps Investment Management Co. She is also on the management team of DTF Tax-Free Income, Inc., a closed-end fund, for affiliated manager Duff & Phelps Investment Management Co. Ms. Leonard has been with Newfleet and its affiliates since 1987 in successive fixed income roles. Prior to joining Newfleet in 2011, she was a vice president and portfolio manager, fixed income of Virtus Investment Advisers (VIA) from 2008 to 2011. Previously, she was associated with Phoenix Investment Counsel, formerly an affiliate of VIA, and was also director, municipal research (1998-2007); director, investment operations (1994-1998); and fixed income trader (1987-1993). Previously, Ms. Leonard was a municipal finance analyst with Connecticut Bank & Trust. She holds a B.S. from the University of Connecticut and began her career in the investment industry in 1986.

Timothy Heaney

Start Date

Tenure

Tenure Rank

Dec 30, 2004

17.43

17.4%

Tim Heaney is a senior managing director and senior portfolio manager of municipal securities at Newfleet Asset Management. Mr. Heaney specializes in both taxable and tax-exempt municipal bonds. He manages a variety of municipal bond portfolios, including the Virtus Newfleet Tax-Exempt Bond Fund, high-net-worth portfolios for Newfleet, as well as institutional portfolios and the DTF Tax-Free Income, Inc., a closed-end fund, for affiliated manager Duff & Phelps Investment Management Co. Mr. Heaney has been with Newfleet and its affiliates since 1992 in successive fixed income roles. Prior to joining Newfleet in 2011, he was a senior vice president and portfolio manager of Virtus Investment Advisers (VIA) from 2008 to 2011. Previously, he was associated with Phoenix Investment Counsel, formerly an affiliate of VIA, and was also managing director, fixed income (1997-2007); director, fixed income research (1996-1997); and investment analyst (1995-1996). He was an investment analyst of Phoenix Life Insurance Company from 1992 to 1994. Previously, Mr. Heaney was a senior credit analyst in the commercial lending division at Connecticut National Bank. Mr. Heaney holds a B.S. and an M.B.A. from the University of Connecticut. He is a CFA® (Chartered Financial Analyst®) charterholder. He began his career in the investment industry in 1990.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58

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