DVFNX

About DVFNX

Macquarie Tax-Free New York Fund Class C is an open-end municipal bond mutual fund that primarily invests in debt securities issued by New York state and local governments, as well as qualifying agencies and authorities. The fund's overarching goal is to provide investors with a high level of current income that is exempt from both federal and New York state personal income taxes, making it especially attractive to New York residents seeking tax-efficient income. Under normal market conditions, it allocates at least 80% of its net assets to municipal securities whose income remains tax-exempt. The fund generally maintains a long maturity profile, with portfolios usually averaging over six years in duration or more than twelve years in average maturity. Its holdings are primarily composed of New York municipal bonds but may also include select municipal securities from other U.S. territories. Macquarie Tax-Free New York Fund Class C plays a critical role for individuals aiming to reduce tax liabilities while preserving capital, thereby serving as a specialized solution within the broader municipal fixed income market.