DTFNYSEFiscal year ends October 31
DTF TAX-FREE INCOME 2028 TERM FUND INC
$11.35+0.08 (+0.70%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
3M
Shares held, 13F filers
Institutional holders
31
4 new, 3 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Sit Fixed Income Advisors II, LLC | 923,460 | 13.10% | 13G (passive) amendment | Feb 27, 2026 |
| Sit Investment Associates, Inc. | 619,371 | 8.80% | 13G (passive) | Dec 31, 2024 |
| Relative Value Partners Group, LLC Tin | 525,090 | 7.47% | 13G (passive) | Dec 31, 2023 |
| Kovitz Investment Group Partners, LLC | 516,308 | 6.10% | 13G (passive) | Sep 30, 2024 |
| Focus Partners Wealth | 481,004 | 6.80% | 13G (passive) | Jan 1, 2026 |
| Almitas Capital LLC | 355,089 | 5.10% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of DTF | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Sit Investment Associates Inc | 1,116,707 | – | $12.90K | +193,247 | 0.24% |
| Focus Partners Wealth | 425,402 | – | $4.91M | −24,749 | 0.01% |
| Almitas Capital LLC | 355,089 | – | $4.10M | – | 0.98% |
| Beverly Hills Private Wealth, LLC | 335,921 | – | $3.88M | −421 | 0.74% |
| Hara Capital LLC | 307,689 | – | $3.55M | +3,700 | 1.87% |
| Morgan Stanley | 79,776 | – | $921.42K | −3,000 | 0.00% |
| City Of London Investment Management Co Ltd | 71,012 | – | $820.19K | – | 0.05% |
| Thomas J. Herzfeld Advisors, Inc. | 65,258 | – | $753.73K | +51,604 | 0.23% |
| 1607 Capital Partners, LLC | 64,091 | – | $740.25K | −41,518 | 0.06% |
| LPL Financial LLC | 61,895 | – | $714.88K | +24,612 | 0.00% |
| Avise Financial Cooperative, Inc. | 46,934 | – | $542.09K | −94 | 0.38% |
| 49 Wealth Management, LLC | 22,315 | – | $257.74K | New | 0.05% |
| Alongside, LLC | 22,315 | – | $257.74K | New | 0.05% |
| Basepoint Wealth LLC | 19,472 | – | $224.90K | −334 | 0.13% |
| Karpus Management, Inc. | 19,211 | – | $221.89K | – | 0.01% |
| Corps Capital Advisors, LLC | 19,000 | – | $219.45K | – | 0.18% |
| Corient Private Wealth LLC | 17,518 | – | $202.33K | −23 | 0.00% |
| Nuveen, LLC | 16,077 | – | $185.69K | – | 0.00% |
| Closed-End Fund Advisors, Inc. | 15,976 | – | $184.52K | +1,543 | 0.18% |
| Susquehanna International Group, Llp | 15,223 | – | $175.83K | −12,260 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 31 | 3M | 4 / 6 | 10 / 3 | 0M | 0M |
| Q1 2026 | 31 | 3M | 3 / 12 | 5 / 5 | 0M | 0M |
| Q4 2025 | 33 | 3M | 7 / 8 | 7 / 2 | 1M | 1M |
| Q3 2025 | 28 | 3M | 2 / 8 | 7 / 1 | 1M | 0M |
| Q2 2025 | 28 | 3M | 4 / 9 | 5 / 1 | 0M | 0M |
| Q1 2025 | 26 | 3M | 3 / 5 | 10 / 5 | 0M | 1M |
| Q4 2024 | 30 | 3M | 5 / 5 | 11 / 4 | 1M | 1M |
| Q3 2024 | 30 | 3M | 5 / 4 | 9 / 7 | 1M | 1M |
| Q2 2024 | 32 | 3M | 6 / 8 | 6 / 2 | 1M | 1M |
| Q1 2024 | 28 | 3M | 3 / 6 | 8 / 1 | 0M | 0M |
| Q4 2023 | 26 | 3M | 5 / 9 | 5 / 9 | 1M | 1M |
| Q3 2023 | 31 | 3M | 2 / 9 | 7 / 1 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of DTF | Value | % of fund | As of |
|---|---|---|---|---|---|
| The Intermediate Term Municipal Bond Portfolio | 71,012 | – | $820.19K | 0.14% | Jun 30, 2026 |
| Aspiriant Risk-Managed Municipal Bond Fund | 11,444 | – | $132.18K | 0.01% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| David D. Grumhaus Jr. | President and CEO | 6,652 | Aug 26, 2025 |
| William Patrick Bradley Iii | VP and Assistant Treasurer | – | Mar 20, 2025 |
| Nikita K. Thaker | VP and Assistant Treasurer | – | Mar 20, 2025 |
| Mark G. Kahrer | Director | 1,000 | Aug 18, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| David D. Grumhaus Jr. President and CEO | Aug 25, 2025 | Buy | +1,400 | $11.34 | $15.88K | 6,652 |
| Mark G. Kahrer Director | Aug 15, 2025 | Buy | +1,000 | $11.35 | $11.35K | 1,000 |
| David D. Grumhaus Jr. President and CEO | Apr 10, 2024 | Buy | +2,500 | $10.70 | $26.75K | 5,014 |
| David D. Grumhaus Jr. President and CEO | Apr 9, 2024 | Buy | +6 | $10.77 | $65 | 2,514 |
| JPMorgan Chase Bank, N.A. 10% owner | Jul 31, 2023 | Sale | −150 | – | – | 0 |
| JPMorgan Chase Bank, N.A. 10% owner | Jun 15, 2023 | Sale | −250 | – | – | 150 |
| David D. Grumhaus Jr. President and CEO | Mar 24, 2023 | Buy | +2,500 | $10.96 | $27.40K | 2,500 |
| JPMorgan Chase Bank, N.A. 10% owner | Nov 16, 2022 | Sale | −250 | – | – | 400 |
| Fargo & Company/Mn Wells 10% owner | Nov 12, 2020 | Other | −650 | – | – | 0 |
| Lisa Leonard Vice President | Oct 23, 2018 | Buy | +250 | $12.36 | $3.09K | 250 |
| Timothy M. Heaney VP & Chief Investment Officer | Oct 11, 2018 | Buy | +2,000 | $12.42 | $24.84K | 15,000 |
| Daniel Petrisko SVP and Assistant Secretary | Apr 9, 2018 | Buy | +1,200 | – | – | 1,200 |
| Timothy M. Heaney VP & Chief Investment Officer | Nov 30, 2017 | Buy | +1,090 | $14.07 | $15.34K | 13,000 |
| Timothy M. Heaney VP & Chief Investment Officer | Nov 30, 2017 | Buy | +200 | $14.03 | $2.81K | 11,810 |
| Timothy M. Heaney VP & Chief Investment Officer | Nov 30, 2017 | Buy | +100 | $14.05 | $1.41K | 11,910 |
| Timothy M. Heaney VP & Chief Investment Officer | Nov 29, 2017 | Buy | +610 | $14.03 | $8.56K | 11,610 |
| Timothy M. Heaney VP & Chief Investment Officer | Nov 28, 2016 | Buy | +1,660 | $14.50 | $24.07K | 11,000 |
| Timothy M. Heaney VP & Chief Investment Officer | Nov 23, 2016 | Buy | +1,340 | $14.46 | $19.38K | 9,340 |
| Wells Fargo Municipal Capital Strategies, LLC 10% owner | Jan 8, 2016 | Other | −650 | – | – | 0 |
| Wells Fargo Municipal Capital Strategies, LLC 10% owner | Jan 8, 2016 | Other | +650 | – | – | 650 |
| Timothy M. Heaney VP & Chief Investment Officer | Jun 9, 2015 | Buy | +1,210 | $14.38 | $17.40K | 8,000 |
| Timothy M. Heaney VP & Chief Investment Officer | Oct 6, 2014 | Buy | +1,600 | $15.00 | $24.00K | 6,790 |
| Donald C. Burke Director | Sep 29, 2014 | Buy | +1,000 | $15.03 | $15.03K | 15,030 |
| Of America Corp /De/ Bank 10% owner | Sep 20, 2013 | Other | −836 | – | – | 0 |
| Timothy M. Heaney VP & Chief Investment Offuicer | Sep 11, 2013 | Buy | +2,000 | $13.68 | $27.36K | 5,190 |
| Robert J. Genetski Director | Nov 17, 2011 | Buy | +150 | $15.33 | $2.30K | 150 |
| Philip R. McLoughlin Director | Jul 8, 2011 | Buy | +600 | $15.30 | $9.18K | 1,094 |
| Merrill Lynch, Pierce, Fenner & Smith Inc. 10% owner | Mar 2, 2011 | Buy | +19 | $14.31 | $272 | 19 |
| Merrill Lynch, Pierce, Fenner & Smith Inc. 10% owner | Mar 2, 2011 | Sale | −19 | $14.26 | $271 | 0 |
| Timothy M. Heaney VP & Chief Investment Officer | Dec 21, 2010 | Buy | +2,190 | $14.30 | $31.32K | 3,190 |
| Philip R. McLoughlin Director | Jan 4, 2010 | Buy | +200 | $14.62 | $2.92K | 455 |
| Stewart E. Conner Director | May 15, 2009 | Buy | +1,000 | $13.28 | $13.28K | 1,000 |
| Carl F. Pollard Director | May 13, 2009 | Buy | +9,000 | $12.90 | $116.10K | 20,000 |
| Carl F. Pollard Director | May 8, 2009 | Buy | +1,000 | $12.75 | $12.75K | 11,000 |
| Geraldine M. McNamara Director | Mar 12, 2009 | Buy | +300 | $11.76 | $3.53K | 1,700 |
| Geraldine M. McNamara Director | Mar 12, 2009 | Buy | +200 | $11.80 | $2.36K | 1,900 |
| Geraldine M. McNamara Director | Mar 12, 2009 | Buy | +100 | $11.79 | $1.18K | 2,000 |
| Geraldine M. McNamara Director | Mar 12, 2009 | Buy | +1,400 | $11.75 | $16.45K | 1,400 |
| Timothy M. Heaney VP & Chief Investment Officer | Feb 24, 2009 | Buy | +600 | $11.83 | $7.10K | 1,000 |
| Timothy M. Heaney VP & Chief Investment Officer | Feb 24, 2009 | Buy | +400 | $11.80 | $4.72K | 400 |
| T. Brooks Beittel Senior VP and Secretary | Oct 10, 2008 | Buy | +500 | $9.04 | $4.52K | 1,500 |
| T. Brooks Beittel Senior VP and Secretary | Oct 7, 2008 | Buy | +1,000 | $11.20 | $11.20K | 1,000 |
| Carl F. Pollard Director | Nov 13, 2006 | Buy | +10,000 | $15.15 | $151.50K | 10,000 |
| Everett L. Morris Director | Apr 26, 2006 | Buy | +5,600 | $14.35 | $80.36K | 46,141 |
| Everett L. Morris Director | Apr 24, 2006 | Buy | +500 | $14.35 | $7.18K | 40,541 |
| Everett L. Morris Director | Apr 21, 2006 | Buy | +3,900 | $14.35 | $55.97K | 40,041 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.