DTF Tax-Free Income 2028 Term Fund Inc. (DTF)

Frequently Asked Questions About DTF Tax-Free Income 2028 Term Fund Inc. (DTF)

Can I purchase DTF shares through a retirement account?

Yes, investors can typically purchase DTF Tax-Free Income 2028 Term Fund Inc. shares through various retirement accounts, including IRAs and 401(k)s, depending on the brokerage firm's policies. It's advisable to consult with a financial advisor or tax professional to understand the implications and benefits of investing in tax-exempt income funds within retirement accounts.

How can I get detailed information about DTF's holdings?

Detailed information about DTF Tax-Free Income 2028 Term Fund Inc.'s holdings can be accessed through the fund's official website, where quarterly and annual reports are published. These documents provide insights into the types of bonds in the portfolio, including their credit ratings, maturities, and sectors. Additionally, investors may find updates on holdings in regulatory filings and financial statements available through financial platforms.

How does DTF impact tax liabilities for investors?

Investing in DTF Tax-Free Income 2028 Term Fund Inc. can potentially reduce tax liabilities for investors, particularly those in higher federal income tax brackets. The income generated by the fund is generally exempt from federal income tax, which may lead to enhanced after-tax returns compared to taxable investments. However, it's important to note that state and local taxes may still apply to the income, and investors should also consult with tax professionals for personalized tax advice.

How often does DTF pay dividends?

DTF Tax-Free Income 2028 Term Fund Inc. typically pays dividends on a monthly basis. These dividends are derived from the interest income generated by the fund's investments in municipal securities. Shareholders can expect to receive regular income distributions, which are typically exempt from federal income tax, making it an appealing choice for income-focused investors.

Is DTF listed on a stock exchange?

Yes, DTF Tax-Free Income 2028 Term Fund Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol 'DTF'. This allows investors to buy and sell shares of the fund just like any other publicly traded stock, providing liquidity and ease of access to the investment.

Is DTF suitable for all types of investors?

DTF may not be suitable for all types of investors. It is primarily tailored for individuals seeking tax-free income, especially those in higher tax brackets looking to reduce their federal tax liabilities. However, potential investors should consider their individual financial situations, investment goals, and risk tolerance before investing in the fund, as it is predominantly focused on municipal bonds which may carry specific risks.

What are the investment objectives of DTF?

The primary investment objective of DTF Tax-Free Income 2028 Term Fund Inc. is to provide a high level of income that is exempt from federal income tax. The fund seeks to achieve this by investing predominantly in long-term municipal bonds. Additionally, it is designed to return its principal amount to shareholders upon termination in 2028, making it an attractive option for income-oriented investors looking for tax-efficient investment opportunities.

What are the risks associated with investing in DTF?

Investing in DTF Tax-Free Income 2028 Term Fund Inc. involves several risks, including interest rate risk, credit risk, and market risk. Interest rate risk refers to the possibility that rising interest rates will negatively impact the value of existing municipal bonds in the fund's portfolio. Credit risk pertains to the potential that municipal issuers may default on their debt obligations. Additionally, market conditions can affect the fund's performance, leading to fluctuations in share price.

What does DTF Tax-Free Income 2028 Term Fund Inc. do?

DTF Tax-Free Income 2028 Term Fund Inc. is a closed-end management investment company that primarily invests in tax-exempt municipal bonds. The fund aims to provide shareholders with a high level of current income that is exempt from federal income tax. It primarily focuses on bonds that are issued by various municipalities and political subdivisions in the United States, ensuring that investors can earn income while potentially reducing their tax liabilities.

What factors influence DTF's share price?

Several factors influence DTF Tax-Free Income 2028 Term Fund Inc.'s share price, including interest rates, credit quality of the underlying municipal bonds, overall market conditions, and investor sentiment. Changes in interest rates can prompt movements in the bond market, directly impacting the valuation of the fund's portfolio. Additionally, economic conditions and perceived risks in the municipal bond market can also play a crucial role in share price fluctuations.

What is a closed-end fund?

A closed-end fund, such as DTF Tax-Free Income 2028 Term Fund Inc., is an investment vehicle that raises a fixed amount of capital through an initial public offering (IPO) and then lists its shares on a stock exchange. Unlike open-end mutual funds, closed-end funds do not continuously issue new shares or redeem existing shares on demand. Instead, the market determines the share price, which can trade at a premium or discount to the fund's net asset value (NAV).

What is the expense ratio of DTF?

The expense ratio of DTF Tax-Free Income 2028 Term Fund Inc. is the measure of the fund's operating expenses relative to its average net assets. As of the most recent reporting period, it is important to refer to the fund's official documents or financial statements for the exact figure. A lower expense ratio is generally favorable, as it means less of the fund's income is consumed by management fees and other operational costs.

What is the historical performance of DTF?

The historical performance of DTF Tax-Free Income 2028 Term Fund Inc. can be evaluated by reviewing its annual reports and performance data published on its website and various financial news outlets. Investors can assess metrics such as total returns, distribution rate, and price appreciation over different timeframes, allowing for a comprehensive understanding of how the fund has performed since its inception in 2018.

What is the target maturity of DTF?

DTF Tax-Free Income 2028 Term Fund Inc. has a specific target maturity date set for 2028. The fund is structured as a term fund, meaning it will wind down and liquidate its investments by the maturity date. This structure allows investors to anticipate a return of their principal investment while focusing on generating income throughout the life of the fund.

What types of securities does DTF invest in?

DTF primarily invests in tax-exempt municipal securities, particularly bonds issued by state and local governments in the United States. The fund focuses on long-term debt securities that provide an income stream exempt from federal income tax. This includes general obligation bonds, revenue bonds, and other municipal debt instruments tailored to support various public projects.

When was DTF Tax-Free Income 2028 Term Fund Inc. established?

DTF Tax-Free Income 2028 Term Fund Inc. was established in 2018. The fund was created to offer investors a specific investment vehicle aimed at providing tax-free income over a defined investment horizon, culminating in 2028. Since its inception, the fund has focused on building a portfolio primarily consisting of municipal bonds.

Where can I find the latest performance data for DTF?

The latest performance data for DTF Tax-Free Income 2028 Term Fund Inc. can be found on its official website, financial news platforms, and investment research websites. Investors can access comprehensive performance metrics, including total returns, NAV (Net Asset Value), share price movements, and historical performance data, providing insight into how the fund has performed over time.

Who are DTF's major competitors?

DTF Tax-Free Income 2028 Term Fund Inc. faces competition from other closed-end funds and exchange-traded funds (ETFs) that focus on municipal bonds and tax-exempt income. Some of its major competitors may include funds managed by other investment firms specializing in fixed-income securities, particularly those targeting similar tax-exempt profiles and maturity timelines.

Who manages DTF Tax-Free Income 2028 Term Fund Inc.?

DTF Tax-Free Income 2028 Term Fund Inc. is managed by a professional investment management team from Duff & Phelps Investment Management Company. The management team has extensive experience in managing municipal bond portfolios and employs a disciplined investment approach to seek attractive risk-adjusted returns for the fund's shareholders.

What is the current price of DTF Tax-Free Income 2028 Term Fund Inc.?

The current price of DTF Tax-Free Income 2028 Term Fund Inc. is 11.19

When was DTF Tax-Free Income 2028 Term Fund Inc. last traded?

The last trade of DTF Tax-Free Income 2028 Term Fund Inc. was at 7:00 pm EDT on May 16th, 2025