DMTFX Performance — Macquarie Tax-Free USA Fund, Class A
Data updated: 2026-07-27
DMTFX returned +1.89% year to date and +6.71% over one year to May 2026. Annualised returns are +4.07% over 3 years and −0.01% over 5 years. Against its Long-Term Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $113, against $112 for the category, and to $107 over one year, against $107. Volatility over the past three years was 9.81% a year. In the 12 months to May 2026 the fund lost a net $60.3M, and assets reached $1.11B.
DMTFX Growth of $100
What $100 invested in Macquarie Tax-Free USA Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | DMTFX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $107 |
| 3 years (Jun 2023 – May 2026) | $113 | $112 |
| 5 years (Jun 2021 – May 2026) | $100 | $103 |
| Since data start (Sep 2019 – May 2026) | $111 | $109 |
DMTFX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.89% |
| 1 year | +6.71% |
| 3 years (annualised) | +4.07% |
| 5 years (annualised) | −0.01% |
DMTFX Annual Returns
Calendar-year total returns of Macquarie Tax-Free USA Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.89% |
| 2025 | +0.76% |
| 2024 | +2.50% |
| 2023 | +11.14% |
| 2022 | −16.21% |
| 2021 | +5.19% |
| 2020 | +8.36% |
| 2019 (Sep–Dec) | −0.40% |
DMTFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.6% | −2.6% | +1.5% | +0.8% | — | — | — | — | — | — | — |
| 2025 | +0.1% | +1.5% | −2.8% | −1.8% | −0.8% | +0.5% | −1.8% | +1.0% | +4.5% | +1.2% | 0.0% | −0.5% |
| 2024 | 0.0% | +0.6% | 0.0% | −2.0% | +0.4% | +2.6% | +1.4% | +0.7% | +1.4% | −2.2% | +2.1% | −2.4% |
| 2023 | +5.3% | −4.0% | +2.2% | +1.0% | −0.6% | +1.6% | +0.2% | −2.7% | −4.9% | −3.0% | +11.6% | +5.0% |
| 2022 | −3.4% | −1.1% | −3.9% | −4.6% | +2.4% | −4.0% | +4.0% | −3.1% | −6.8% | −2.4% | +7.2% | −0.9% |
| 2021 | +1.5% | −1.9% | +0.8% | +1.6% | +1.2% | +1.0% | +1.1% | −0.7% | −1.2% | −0.2% | +1.6% | +0.5% |
| 2020 | +2.5% | +2.6% | −8.0% | −2.0% | +4.2% | +3.1% | +2.5% | −0.4% | −0.3% | −0.3% | +3.1% | +1.9% |
| 2019 | — | — | — | — | — | — | — | — | −0.9% | 0.0% | +0.1% | +0.4% |
DMTFX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 9.81%
- 3-year Sharpe ratio: -0.04 (vs 4.5% risk-free rate)
- Best month: +11.61% (Nov 2023)
- Worst month: −4.94% (Sep 2023)
DMTFX Fund Flows
Monthly money in and out of Macquarie Tax-Free USA Fund, from SEC Form N-PORT.
- 12-month net flow: −$60.3M
- 12-month gross sales (incl. reinvestments): $432.0M
- Sales ÷ redemptions: 0.88×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $14.1M | $23.5M | −$9.4M |
| Apr 2026 | $19.7M | $33.5M | −$13.9M |
| Mar 2026 | $17.0M | $25.4M | −$8.4M |
| Feb 2026 | $27.4M | $24.5M | $2.9M |
| Jan 2026 | $43.7M | $38.8M | $4.9M |
| Dec 2025 | $63.4M | $78.2M | −$14.8M |
| Nov 2025 | $26.2M | $43.0M | −$16.8M |
| Oct 2025 | $25.0M | $32.3M | −$7.3M |
| Sep 2025 | $26.5M | $32.6M | −$6.1M |
| Aug 2025 | $44.3M | $49.2M | −$4.9M |
| Jul 2025 | $39.7M | $57.1M | −$17.4M |
| Jun 2025 | $85.0M | $54.1M | $30.9M |
DMTFX Assets Under Management
Net assets of Macquarie Tax-Free USA Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $1.11B |
| 2026-02-27 | $1.15B |
| 2025-11-28 | $1.15B |
| 2025-08-29 | $1.13B |
| 2025-05-30 | $1.14B |
| 2025-02-28 | $1.27B |
| 2024-11-29 | $1.29B |
| 2024-08-30 | $1.22B |
| 2024-05-31 | $1.11B |
| 2024-02-29 | $1.11B |
| 2023-11-30 | $1.04B |
| 2023-08-31 | $739.88M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.