DTF Tax-Free Income 2028 Term Fund Inc. (DTF) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
DTF Tax-Free Income 2028 Term Fund Inc. (DTF) trades at $11.54 with AI Score 46/100 (Grade C). DTF Tax-Free Income 2028 Term Fund Inc. is a closed-end mutual fund focused on tax-exempt utility obligations. Market cap: $81.1M, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for DTF: DTF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates DTF against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
DTF: 1/3 scored disciplines lean bearish. Dominant signal: Izzy Englander bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
DTF Tax-Free Income 2028 Term Fund Inc. (DTF) Financial Services Profile
DTF Tax-Free Income 2028 Term Fund Inc. specializes in providing tax-free income through a diversified portfolio of investment-grade utility obligations, positioning itself as a reliable choice for income-focused investors in the fixed income market.
What Is the Investment Thesis for DTF?
DTF Tax-Free Income 2028 Term Fund Inc. presents a compelling investment thesis driven by its focus on tax-exempt utility obligations, which are expected to remain in demand due to ongoing infrastructure investments and the need for reliable utility services. With a profit margin of 88.7% and a gross margin of 71.4%, DTF demonstrates strong operational efficiency, which can enhance its ability to distribute income to shareholders. The fund's dividend yield of 3.39% offers a competitive return relative to other fixed-income investments. As the U.S. continues to invest in utility infrastructure, DTF is well-positioned to capitalize on this growth, with its diversified portfolio mitigating risks associated with individual sectors. The fund's beta of 0.33 indicates lower volatility compared to the broader market, making it a noteworthy option for risk-averse investors. However, potential risks, including interest rate fluctuations and changes in tax policies, could impact future performance. Overall, DTF's strategic focus on tax-exempt income and its strong financial metrics provide a solid foundation for sustained growth and income generation.
Based on FMP financials and quantitative analysis
DTF Key Highlights
Market capitalization of $81.1M reflects a stable position in the fixed income mutual fund sector.
- P/E ratio of 34.52 indicates investor confidence in the fund's future earnings potential.
- Profit margin of 88.7% showcases exceptional operational efficiency compared to industry peers.
- Gross margin of 71.4% highlights the fund's ability to maintain profitability through effective management.
- Dividend yield of 3.39% offers a competitive return for income-focused investors.
Who Are DTF's Competitors?
DTF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ARFFX Ariel Focus Investor | $20.54 | -0.63% | $90.8M | 44 |
| BJBHX Aberdeen Global High Income Fund Class A | $7.67 | +0.00% | $74.1M | 44 |
| GCV The Gabelli Convertible and Income Securities Fund Inc. | $4.61 | -0.43% | $92.9M | 60 |
| MSSVX AMG Frontier Small Cap Growth Fund - Class N | $9.97 | -1.58% | $113M | 48 |
| PCM PCM Fund Inc. | $5.40 | -1.64% | $66.7M | 62 |
| VGI Virtus Global Multi-Sector Income Fund | $7.29 | -0.21% | $82.5M | 60 |
| MFD Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund | $8.45 | -2.20% | $72.2M | 63 |
| MGF MFS Government Markets Income Trust | $2.84 | -1.05% | $92.6M | 60 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are DTF's Key Strengths?
High profit margins indicating strong operational efficiency.
- Expertise in tax-exempt utility obligations providing a competitive edge.
- Closed-end fund structure allowing for stable capital management.
- Established history and reputation in the fixed income market.
What Are DTF's Weaknesses?
Limited employee base may affect operational scalability.
- Dependency on specific sectors could expose the fund to sector risks.
- Potentially high P/E ratio may deter some value-focused investors.
What Could Drive DTF Stock Higher?
Increased infrastructure spending in the U.S. is expected to boost demand for utility obligations.
- DTF's focus on tax-exempt investments continues to attract income-focused investors.
- Potential stabilization of interest rates could enhance the attractiveness of fixed-income investments.
What Are the Key Risks for DTF?
Interest rate fluctuations could negatively impact the fund's performance.
- Changes in tax policies may affect the demand for tax-exempt securities.
- Competition from other asset management firms could pressure market share.
What Are the Growth Opportunities for DTF?
- Infrastructure Investment Growth: The U.S. is projected to invest over $2 trillion in infrastructure over the next decade, enhancing demand for utility obligations. DTF can capitalize on this trend by increasing its investments in high-quality tax-exempt securities, potentially boosting its income generation and overall fund performance.
- Rising Demand for Tax-Exempt Investments: With increasing tax burdens, investors are seeking tax-exempt income solutions. DTF's focus on utility obligations positions it to attract more investors, especially high-net-worth individuals and institutions, looking for tax-efficient investment options, which could lead to increased fund inflows.
- Interest Rate Stability: If interest rates stabilize or decline, the attractiveness of fixed-income investments, including DTF's portfolio, will likely increase. This could enhance the fund's performance as it maintains its focus on tax-exempt securities, potentially driving higher returns for investors.
- Diversification of Utility Obligations: By expanding its portfolio to include a wider range of utility obligations, DTF can mitigate risks associated with specific sectors. This diversification strategy could enhance its resilience against market fluctuations and improve overall fund performance.
- Enhanced Marketing Strategies: Implementing targeted marketing strategies to educate potential investors about the benefits of tax-free income could drive growth. By increasing awareness and understanding of its unique value proposition, DTF can attract a broader investor base, leading to increased assets under management.
What Threats Does DTF Face?
- Interest rate fluctuations impacting the attractiveness of fixed-income investments.
- Changes in tax policies affecting the demand for tax-exempt securities.
- Increased competition from other asset management firms targeting similar markets.
What Are DTF's Competitive Advantages?
- Focus on tax-exempt utility obligations provides a unique investment niche.
- Strong management team with expertise in fixed income markets.
- Closed-end fund structure allows for stable capital management.
- High profit margins indicate operational efficiency and competitive advantage.
- Established reputation as a reliable source of tax-free income.
What Does DTF Do?
DTF Tax-Free Income 2028 Term Fund Inc. was established in November 1991 and operates as a closed-ended fixed income mutual fund under the management of Duff & Phelps Investment Management Co., a subsidiary of Virtus Investment Partners, Inc. The fund primarily invests in a diversified portfolio of investment-grade tax-exempt utility obligations, which include various sectors such as water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities. This strategic focus on tax-exempt securities allows DTF to cater to investors seeking stable income while minimizing tax liabilities. Over the years, DTF has evolved from its original name, DTF Tax-Free Income Inc., to its current designation, reflecting its commitment to providing tax-efficient investment solutions. DTF is domiciled in the United States and operates within the fixed income markets, where it leverages its expertise to navigate the complexities of municipal finance. The fund's structure as a closed-end fund allows it to maintain a stable capital base, which can be advantageous in managing its investment strategy effectively. As of now, DTF has positioned itself within a niche market, appealing to investors who prioritize tax efficiency and income generation through a well-managed portfolio of utility obligations.
What Products and Services Does DTF Offer?
- Manage a diversified portfolio of investment-grade tax-exempt utility obligations.
- Focus on sectors such as water and sewer, electric utilities, and pollution control.
- Provide tax-free income to investors through a closed-end mutual fund structure.
- Leverage expertise in fixed income markets to navigate investment opportunities.
- Aim to deliver consistent returns while minimizing tax liabilities for investors.
How Does DTF Make Money?
- Generate income through investments in tax-exempt utility obligations.
- Utilize a closed-end fund structure to maintain a stable capital base.
- Distribute income to shareholders in the form of dividends.
- Leverage market expertise to identify and invest in high-quality securities.
- Manage risk through diversification across various utility sectors.
What Industry Does DTF Operate In?
The asset management industry, particularly in the fixed income segment, is experiencing significant growth driven by increasing demand for tax-efficient investment products. With rising interest rates, investors are seeking stable income sources, particularly in tax-exempt securities. DTF Tax-Free Income 2028 Term Fund Inc. operates within this favorable environment, focusing on utility obligations that are less sensitive to economic fluctuations. The competitive landscape includes several peers, such as ARFFX, BJBHX, GCV, MSSVX, and PCM, each offering varied investment strategies. DTF's niche focus on tax-free income positions it uniquely against competitors, appealing to investors looking for stability and tax advantages.
Who Are DTF's Key Customers?
- Individual investors seeking tax-efficient income solutions.
- High-net-worth individuals looking for stable investment options.
- Institutional investors focused on fixed income portfolios.
- Financial advisors recommending tax-exempt investments to clients.
- Retirees seeking consistent income streams from their investments.
How DTF Tax-Free Income 2028 Term Fund Inc. Is Valued
Relative to its peer group, DTF's quantitative score of 46/100 is roughly in line with the peer average of 52/100.
Financial Health
DTF Tax-Free Income 2028 Term Fund Inc.'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 16.80 places it in the safe zone, indicating low near-term bankruptcy risk.
DTF Financials
Bull Case vs Bear Case
Bull Case
- High profit margins indicating strong operational efficiency.
- Expertise in tax-exempt utility obligations providing a competitive edge.
- Closed-end fund structure allowing for stable capital management.
- Established history and reputation in the fixed income market.
Bear Case
- Limited employee base may affect operational scalability.
- Dependency on specific sectors could expose the fund to sector risks.
- Potentially high P/E ratio may deter some value-focused investors.
- Potential: Interest rate fluctuations could negatively impact the fund's performance.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
DTF Latest News
No recent news available for DTF.
DTF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for DTF.
Price Targets
Wall Street price target analysis for DTF.
DTF MoonshotScore
What does this score mean?
The MoonshotScore rates DTF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Nathan Ivey Partain
CEO
Nathan Ivey Partain has a robust background in investment management, with extensive experience in fixed income markets. He has held various leadership roles within Virtus Investment Partners, focusing on delivering value to investors through strategic fund management. His educational background includes a degree in finance, equipping him with the necessary skills to navigate complex market dynamics.
Track Record: Under Nathan's leadership, DTF has maintained strong financial performance metrics, including high profit margins and consistent dividend distributions. His strategic focus on tax-exempt utility obligations has positioned the fund well within the competitive landscape.
DTF Financial Services Stock FAQ
What does the AI Score mean for DTF?
DTF holds an AI Score of 46/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. DTF Tax-Free Income 2028 Term Fund Inc. is a closed-end mutual fund focused on tax-exempt utility obligations. Managed by Duff & Phelps Investment Management Co., the fund seeks to provide tax-free …
What does DTF Tax-Free Income 2028 Term Fund Inc. do?
DTF Tax-Free Income 2028 Term Fund Inc. manages a closed-end mutual fund focused on providing tax-free income through investments in a diversified portfolio of investment-grade utility obligations. The fund primarily invests in sectors such as water and sewer, electric utilities, and pollution control, catering to investors seeking stable income while minimizing tax liabilities.
What do analysts say about DTF stock?
Analysts generally view DTF Tax-Free Income 2028 Term Fund Inc. positively, highlighting its strong profit margins and focus on tax-exempt investments. Key valuation metrics, such as the P/E ratio of 34.52, suggest a premium valuation, which may reflect investor confidence in its income-generating capabilities. Growth considerations include the ongoing demand for tax-efficient investments.
What are the main risks for DTF?
DTF Tax-Free Income 2028 Term Fund Inc. faces several risks, including potential interest rate fluctuations that could impact the attractiveness of its fixed-income investments. Additionally, changes in tax policies may affect the demand for tax-exempt securities, while ongoing competition from other asset management firms could pressure its market share and performance.
What are the key factors to evaluate for DTF?
DTF Tax-Free Income 2028 Term Fund Inc. (DTF) holds an AI score of 46/100 (low). presents a compelling investment thesis driven by its focus on tax-exempt utility obligations, which are expected to remain in demand due to ongoing infrastructure investments and the need for reliable utility services. Not financial advice.
How frequently does DTF data refresh on this page?
DTF's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven DTF's recent stock price performance?
DTF Tax-Free Income 2028 Term Fund Inc. (DTF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: High profit margins indicating strong operational efficiency. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider DTF overvalued or undervalued right now?
DTF Tax-Free Income 2028 Term Fund Inc. (DTF) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research DTF before investing?
Before investing in DTF Tax-Free Income 2028 Term Fund Inc. (DTF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Data is based on the most recent available information and may be subject to change.