DUSIX Performance — Macquarie Tax-Free USA Intermediate Fund, Institutional Class
Data updated: 2026-07-27
DUSIX returned +1.93% year to date and +6.45% over one year to May 2026. Annualised returns are +4.25% over 3 years and +0.76% 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 $106 over one year, against $107. Volatility over the past three years was 6.34% a year. In the 12 months to May 2026 the fund lost a net $227.4M, and assets reached $850.06M.
DUSIX Growth of $100
What $100 invested in Macquarie Tax-Free USA Intermediate 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 | DUSIX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $107 |
| 3 years (Jun 2023 – May 2026) | $113 | $112 |
| 5 years (Jun 2021 – May 2026) | $104 | $103 |
| Since data start (Sep 2019 – May 2026) | $112 | $109 |
DUSIX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.93% |
| 1 year | +6.45% |
| 3 years (annualised) | +4.25% |
| 5 years (annualised) | +0.76% |
DUSIX Annual Returns
Calendar-year total returns of Macquarie Tax-Free USA Intermediate Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.93% |
| 2025 | +2.26% |
| 2024 | +3.36% |
| 2023 | +7.96% |
| 2022 | −11.92% |
| 2021 | +3.31% |
| 2020 | +5.82% |
| 2019 (Sep–Dec) | −0.11% |
DUSIX 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 | +0.9% | +1.3% | −2.4% | +1.3% | +0.8% | — | — | — | — | — | — | — |
| 2025 | +0.5% | +1.2% | −2.1% | −1.2% | −0.4% | +0.6% | −1.5% | +1.1% | +3.2% | +1.1% | 0.0% | −0.1% |
| 2024 | +0.2% | +0.4% | +0.2% | −1.0% | +0.2% | +1.9% | +0.9% | +0.7% | +1.1% | −1.4% | +1.5% | −1.4% |
| 2023 | +3.5% | −2.5% | +1.8% | +0.5% | −0.5% | +0.9% | +0.1% | −1.3% | −2.9% | −1.7% | +7.2% | +3.1% |
| 2022 | −2.9% | −0.8% | −2.8% | −3.9% | +1.4% | −2.5% | +3.1% | −2.2% | −4.5% | −1.3% | +4.4% | −0.2% |
| 2021 | +1.0% | −1.4% | +0.6% | +1.1% | +0.6% | +0.7% | +0.9% | −0.3% | −1.0% | −0.2% | +1.1% | +0.3% |
| 2020 | +2.0% | +1.7% | −5.8% | −1.4% | +3.4% | +1.8% | +1.9% | −0.2% | −0.2% | −0.1% | +1.8% | +1.2% |
| 2019 | — | — | — | — | — | — | — | — | −0.7% | +0.1% | +0.2% | +0.3% |
DUSIX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.34%
- 3-year Sharpe ratio: -0.04 (vs 4.5% risk-free rate)
- Best month: +7.20% (Nov 2023)
- Worst month: −2.85% (Sep 2023)
DUSIX Fund Flows
Monthly money in and out of Macquarie Tax-Free USA Intermediate Fund, from SEC Form N-PORT.
- 12-month net flow: −$227.4M
- 12-month gross sales (incl. reinvestments): $248.4M
- Sales ÷ redemptions: 0.52×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $13.0M | $18.0M | −$5.0M |
| Apr 2026 | $13.4M | $21.8M | −$8.3M |
| Mar 2026 | $14.5M | $17.3M | −$2.8M |
| Feb 2026 | $9.9M | $25.9M | −$16.0M |
| Jan 2026 | $21.7M | $25.7M | −$4.0M |
| Dec 2025 | $35.7M | $48.2M | −$12.6M |
| Nov 2025 | $15.3M | $25.7M | −$10.4M |
| Oct 2025 | $16.6M | $27.1M | −$10.5M |
| Sep 2025 | $16.1M | $34.9M | −$18.9M |
| Aug 2025 | $20.4M | $48.4M | −$28.0M |
| Jul 2025 | $26.6M | $123.8M | −$97.3M |
| Jun 2025 | $45.3M | $59.0M | −$13.7M |
DUSIX Assets Under Management
Net assets of Macquarie Tax-Free USA Intermediate Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-29 | $850.06M |
| 2026-02-27 | $877.51M |
| 2025-11-28 | $900.75M |
| 2025-08-29 | $911.55M |
| 2025-05-30 | $1.06B |
| 2025-02-28 | $1.19B |
| 2024-11-29 | $1.25B |
| 2024-08-30 | $1.21B |
| 2024-05-31 | $1.16B |
| 2024-02-29 | $1.17B |
| 2023-11-30 | $1.13B |
| 2023-08-31 | $1.17B |
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.