DTF Tax-Free Income Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.77
Dividend & Yield0.39$ (3.60%)
Beta 0.31
Market capitalization 76.27M
Operating cash flow 24.95M
ESG Scores unknown

Company description

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.

Sector: Financial Services - Industry: Asset Management

Financial Ratios
Quick Ratio3.16
Working Capital0.77
Return On Equity0.03
Debt To Equity0.59
Fixed Asset Ratio-0.15
Fixed Interest Cover3.97

Financial data

Financial Statements

Cashflow Statement 2019-10-31 2020-10-31 2021-10-31 2022-10-31
Change To Liabilities
Total Cashflows From Investing Activities
Net Borrowings
Total Cash From Financing Activities -4.67M -4.14M -27.36M -3.9M
Change To Operating Activities -8.08k -9k -21.74k -13.87k
Issuance Of Stock
Net Income 14.33M 4.44M 2.94M -22.73M
Change In Cash -1.04M 528.52k 1.82M 21.06M
Effect Of Exchange Rate
Total Cash From Operating Activities 3.64M 4.67M 29.19M 24.95M
Depreciation
Change To Account Receivables 6.62k 103.82k 446.92k 326.4k
Other Cashflows From Financing Activities -403.52k -403.52k -403.52k
Change To Netincome -10.72M 104.66k 25.69M 47.23M
Capital Expenditures

Income Statement 2019-10-31 2020-10-31 2021-10-31 2022-10-31
Research Development
Income Before Tax 14.33M 4.44M 2.94M -22.73M
Net Income 14.33M 4.44M 2.94M -22.73M
Selling General Administrative 1.53M 1.61M 1.78M 1.34M
Gross Profit 7.11M 6.84M 5.82M 5.41M
Ebit 5.58M 5.23M 4.04M 4.07M
Operating Income 5.58M 5.23M 4.04M 4.07M
Interest Expense -2.21M -1.44M -1.02M -1.73M
Income Tax Expense
Total Revenue 7.11M 6.84M 5.82M 5.41M
Cost Of Revenue
Total Other Income ExpenseNet 8.75M -795.17k -1.1M -26.8M
Net Income From Continuing Ops 14.33M 4.44M 2.94M -22.73M
Net Income Applicable To Common Shares 14.33M 4.44M 2.94M -22.73M

Balance Sheet Statement 2019-10-31 2020-10-31 2021-10-31 2022-10-31
Total Liabilities 66.15M 66.61M 66.49M 64.99M
Total Stockholder Equity 134.2M 134.5M 110.48M 83.86M
Other Current Liabilities
Total Assets 200.35M 201.11M 176.97M 148.85M
Common Stock 85.21k 85.21k 70.3k 70.3k
Other Current Assets
Retained Earnings 14.01M 14.33M 13.98M -12.51M
Treasury Stock
Cash 1.09M 1.62M 3.45M 24.5M
Total Current Liabilities 1.19M 1.62M 1.77M 126.37k
Other Stockholder Equity
Property, Plant, and Equipment
Total Current Assets 3.78M 4.2M 5.57M 26.3M
Net Tangible Assets 134.2M 134.5M 110.48M 83.86M
Net Receivables 2.67M 2.56M 2.12M 1.79M
Accounts Payable 1.01M 1.45M 1.63M


Insider Transactions

Here are the insider transactions of stock shares related to DTF Tax-Free Income Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
LEONARD LISAPurchase at price 12.36 per share.D2018-10-23Officer250
HEANEY TIMOTHY MPurchase at price 12.42 per share.D2018-10-11Chief Investment Officer2k
PETRISKO DANIEL J. CFAD2018-04-09Officer1.2k
HEANEY TIMOTHY MPurchase at price 14.03 - 14.07 per share.D2017-11-30Chief Investment Officer2k
HEANEY TIMOTHY MPurchase at price 14.46 - 14.50 per share.D2016-11-28Chief Investment Officer3k
HEANEY TIMOTHY MPurchase at price 14.38 per share.D2015-06-09Chief Investment Officer1.21k
HEANEY TIMOTHY MPurchase at price 15.00 per share.D2014-10-06Chief Investment Officer1.6k
BURKE DONALD CPurchase at price 15.03 per share.D2014-09-29Director1k
HEANEY TIMOTHY MPurchase at price 13.68 per share.D2013-09-11Chief Investment Officer2k
GENETSKI ROBERT JPurchase at price 15.33 per share.D2011-11-17Director150
MCLOUGHLIN PHILIP ROBERTPurchase at price 15.30 per share.D2011-07-08Director600
BANK OF AMERICA CORPPurchase at price 14.31 per share.I2011-03-02Beneficial Owner of more than 10% of a Class of Security19
BANK OF AMERICA CORPSale at price 14.26 per share.I2011-03-02Beneficial Owner of more than 10% of a Class of Security19
HEANEY TIMOTHY MPurchase at price 14.30 per share.D2010-12-21Chief Investment Officer2.19k
MCLOUGHLIN PHILIP ROBERTPurchase at price 14.62 per share.D2010-01-04Director200
CONNER STEWART EPurchase at price 13.28 per share.D2009-05-15Director1k
POLLARD CARL FPurchase at price 12.90 per share.D2009-05-13Director9k
POLLARD CARL FPurchase at price 12.75 per share.D2009-05-08Director1k
MCNAMARA GERALDINE MPurchase at price 11.75 - 11.80 per share.D2009-03-12Director2k
HEANEY TIMOTHY MPurchase at price 11.80 - 11.83 per share.D2009-02-24Chief Investment Officer1k
BEITTEL T BROOKSPurchase at price 9.04 per share.D2008-10-10Officer500
BEITTEL T BROOKSPurchase at price 11.20 per share.D2008-10-07Officer1k
POLLARD CARL FPurchase at price 15.15 per share.D2006-11-13Director10k
MORRIS EVERETT LPurchase at price 14.35 per share.D2006-04-26Director5.6k
MORRIS EVERETT LPurchase at price 14.35 per share.D2006-04-24Director4.4k
MORRIS EVERETT LSale at price 15.90 per share.D2005-06-30Director14.1k
MORRIS EVERETT LSale at price 15.90 per share.D2005-06-27Director11.4k
MORRIS EVERETT LSale at price 15.90 per share.D2005-06-23Director22.4k
MORRIS EVERETT LSale at price 15.90 per share.D2005-06-22Director11.3k
MORRIS EVERETT LSale at price 15.90 per share.D2005-06-22Director11.3k
PAVIA RICHARD ASale at price 15.56 per share.D2005-06-15Director263
MCNAMARA GERALDINE MSale at price 15.56 per share.D2005-06-15Director4
GEORGESON WILLIAM NSale at price 15.56 per share.D2005-06-10Director1.05k
PAVIA RICHARD ASale at price 15.56 per share.D2005-06-10Director263
MCNAMARA GERALDINE MSale at price 15.56 per share.D2005-06-10Director4
JEFFRIES FRANCIS EPurchase at price 15.82 per share.D2005-06-06Director41
MORAN EILEEN APurchase at price 15.82 per share.D2005-06-06Director7
MORAN EILEEN APurchase at price 15.82 per share.D2005-06-06Director10
GEORGESON WILLIAM NPurchase at price 15.82 per share.D2005-06-06Director26
PAVIA RICHARD APurchase at price 15.82 per share.D2005-06-06Director7
MORRIS EVERETT LPurchase at price 15.82 per share.D2005-06-06Director4
LAMPTON NANCYPurchase at price 15.80 per share.D2005-06-01Director1k
MCNAMARA GERALDINE MPurchase at price 15.35 per share.D2005-05-20Director715
JEFFRIES FRANCIS EPurchase at price 15.51 per share.D2005-05-06Director41
MORAN EILEEN APurchase at price 15.51 per share.D2005-05-06Director10
MORAN EILEEN APurchase at price 15.51 per share.D2005-05-06Director7
GEORGESON WILLIAM NPurchase at price 15.51 per share.D2005-05-06Director27
PAVIA RICHARD APurchase at price 15.51 per share.D2005-05-06Director7
MORRIS EVERETT LPurchase at price 15.51 per share.D2005-05-06Director4
MCNAMARA GERALDINE MPurchase at price 15.51 per share.D2005-05-06Director4
JEFFRIES FRANCIS EPurchase at price 15.37 per share.D2005-04-06Director42

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to DTF Tax-Free Income Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on DTF Tax-Free Income Inc

Here is the result of two systematic investment strategies applied to DTF Tax-Free Income Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on DTF Tax-Free Income Inc

The following chart shows the equity curve of the two systematic investment strategies applied to DTF Tax-Free Income Inc:

DTF Tax-Free Income Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 3.69% on the backtest period.

Performance at glance

Performance

3.69 %

Latent gain

83.68 $

Invested capital

2270.14 $

Annualized return

0.89 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on DTF Tax-Free Income Inc

This is the result of two momentum investment strategies applied to DTF Tax-Free Income Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on DTF Tax-Free Income Inc

The following chart shows all the entries opened by the momentum investment system on DTF Tax-Free Income Inc:

DTF Tax-Free Income Inc momentum entries
  • The first momentum investment strategy would give 6.04% of return on DTF Tax-Free Income Inc. That represents 363.82$ of latent gain with 6025.12$ of employed capital.
  • The second momentum investment strategy would give 6.85% of return on DTF Tax-Free Income Inc. That represents 255.97$ of latent gain with 3735.29$ of employed capital.
Performance at glance (1Q Momentum)

Performance

6.04 %

Latent gain

363.82 $

Invested capital

6025.12 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

6.85 %

Latent gain

255.97 $

Invested capital

3735.29 $

Annualized return

1.87 %

Momentum equity curve on DTF Tax-Free Income Inc

The following chart shows the equity curve of the two momentum strategies applied to DTF Tax-Free Income Inc:

DTF Tax-Free Income Inc momentum equity

Note: the dividends potentially given by DTF Tax-Free Income Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on DTF Tax-Free Income Inc

The following chart shows the employed capital evolution of the two momentum strategies on DTF Tax-Free Income Inc since the beginning:

DTF Tax-Free Income Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on DTF Tax-Free Income Inc

Buy the dip entry openings on DTF Tax-Free Income Inc

DTF Tax-Free Income Inc

The performance achieved by the robo-advisor on DTF Tax-Free Income Inc is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows DTF Tax-Free Income Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of DTF Tax-Free Income Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %

Equity curve of the strategy applied to DTF Tax-Free Income Inc

The following chart shows the result of the investment strategy applied to DTF Tax-Free Income Inc:

DTF Tax-Free Income Inc

Note: the dividends potentially given by DTF Tax-Free Income Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on DTF Tax-Free Income Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on DTF Tax-Free Income Inc:

DTF Tax-Free Income Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on DTF Tax-Free Income Inc

In this section, I will compare the three previous investment strategies applied to DTF Tax-Free Income Inc.

Equity curve comparison on DTF Tax-Free Income Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

DTF Tax-Free Income Inc investment strategy comparison

Employed capital comparison on DTF Tax-Free Income Inc

DTF Tax-Free Income Inc investment comparison

Performance comparison on DTF Tax-Free Income Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 3.69% 83.68$ 2270.14$ 0.89%
Momentum 1 quarter 6.04% 363.82$ 6025.12$ 1.55%
Momentum 2 quarters 6.85% 255.97$ 3735.29$ 1.87%
Non-directional 0% 0.0$ 0.0$ 0.0%
Annualized return comparison

Automatic investment

0.89 %

Momentum 1Q

1.87 %

Momentum 2Q

1.87 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with DTF Tax-Free Income Inc:

Positive correlations

Most correlated stocks this year

  • DTF Tax-Free Income 2028 Term Fund Inc

  • Most correlated stocks last 3 months

  • GIC GROUP
  • Pioneer Municipal High Income Advantage Fund Inc
  • DTF Tax-Free Income 2028 Term Fund Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • CHARMACY PHAR
  • Canopy Growth Corporation

  • Note: The algorithm computes the probability of correlation between DTF Tax-Free Income Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of DTF Tax-Free Income Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name DTF Tax-Free Income Inc
    Country United States
    City Chicago
    Address 200 South Wacker Drive
    Phone 312 263 2610
    Website www.dtffund.com
    FullTime employees
    Industry Asset Management
    Sector Financial Services
    Exchange XNYS
    Ticker DTF
    Market www.nyse.com

    DTF Tax-Free Income Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown