DTF Tax-Free Income 2028 Term Fund Inc. Common Stock (DTF)

FairStock Score: 33/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable moats, honest accounting, and a price that leaves room for error. This is not an operating company; it is a closed-end fund that invests in investment-grade, tax-exempt utility obligations. Its edge is tax-exempt income and a term mandate ending in 2028, not pricing power or a competitive moat. At the $11.28 close on 2026-10-13, FairStock calculates a P/B of 0.94, so the shares trade slightly below book value. The dividend yield is 3.46%, and beta is 0.28, suggesting low market sensitivity. But the earnings picture is weak: FairStock's P/E is 27.51, ROE is 3.43%, ROCE is 1.36%, and the Graham Number is $10.58. With a margin of safety of -6.62%, the price is above that conservative value estimate, not below it. The Piotroski F-Score of 1/9 is poor, and the FairStock Score of 33/100 says quality is not compelling. The Altman Z-Score of 24.18 looks high, though for a fund it is not a normal operating-company distress measure. Growth is impossible to assess: revenue and profit growth are N/A, and the Lynch category is none because there are only 0 years of filed results, versus the 3 needed. The 52-week range of $11.14-$11.61 is very tight. In Graham terms, I see a modest discount to book but no margin of safety. In Buffett terms, I see a small, low-return asset manager-like vehicle with a finite mandate and no durable moat. Price looks fair-to-expensive relative to earning power, with income and low volatility as offsets.

In plain English: This fund owns a mix of tax-free utility bonds and is set to run until 2028. Its business looks weak: it earns little relative to its price and assets, and the market price is a bit above a conservative value estimate, though it trades slightly below its accounting value. Overall, the price looks fair-to-expensive compared with its numbers.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer