DTF on NYSE

DTF TAX-FREE INCOME 2028 TERM FUND INC

DTF TAX-FREE INCOME 2028 TERM FUND INC is a fund registered in the United States, based in Chicago, active since 1991.²

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Last updated Oct 21, 2026.

Overview

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TickerDTF on NYSE²
HeadquartersChicago, United States²
Incorporated inMD³
Business address101 Munson Street, Greenfield, Ma 01301³
Legal formFUND²
Kind of organizationFund²
LEI549300UTPMUSB8BKGI82²
StatusActive²
LEI statusIssued and current²
Registered addressC/O CSC-LAWYERS INCORPORATING SERVICE COMPANY, 21202 Baltimore, United States²
Registered withSecurities and Exchange Commission, 0000879535²

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Corporate structure

DTF TAX-FREE INCOME 2028 TERM FUND INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of DTF TAX-FREE INCOME 2028 TERM FUND INC

Almitas Capital LLC Filed SCHEDULE 13G on DTF TAX-FREE INCOME 2028 TERM FUND INC, latest May 15, 2026 (2 filings since Feb 14, 2024)
SIT INVESTMENT ASSOCIATES INC Filed SCHEDULE 13G/A on DTF TAX-FREE INCOME 2028 TERM FUND INC, latest Mar 4, 2026 (2 filings since Jan 3, 2025)
Focus Partners Wealth Filed SCHEDULE 13G on DTF TAX-FREE INCOME 2028 TERM FUND INC, latest Feb 13, 2026
RIVERNORTH CAPITAL MANAGEMENT, LLC Filed SCHEDULE 13G/A on DTF TAX-FREE INCOME 2028 TERM FUND INC, latest Aug 14, 2025 (3 filings since Feb 15, 2022)
1607 Capital Partners, LLC Filed SC 13G/A on DTF TAX-FREE INCOME 2028 TERM FUND INC, latest Nov 14, 2024 (6 filings since Feb 14, 2022)
NorthCoast Asset Management LLC Filed SCHEDULE 13G on DTF TAX-FREE INCOME 2028 TERM FUND INC, latest Oct 29, 2024
Relative Value Partners Group, LLC Filed SC 13G on DTF TAX-FREE INCOME 2028 TERM FUND INC, latest Feb 12, 2024
Karpus Management, Inc. Filed SC 13G/A on DTF TAX-FREE INCOME 2028 TERM FUND INC, latest Dec 7, 2023 (4 filings since Feb 14, 2022)
JPMorgan Chase Bank, N.A. Filed SC 13G/A on DTF TAX-FREE INCOME 2028 TERM FUND INC, latest Aug 2, 2023 (3 filings since Dec 6, 2022)

DTF TAX-FREE INCOME 2028 TERM FUND INC Chicago, Illinois, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

Leadership

Who has led DTF TAX-FREE INCOME 2028 TERM FUND INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

David D. Grumhaus Jr.2023–now

President

David D. Grumhaus Jr.2023–now

2010201520202025

Chief executive officerDavid D. Grumhaus Jr. Mar 27, 2023 to now⁴
PresidentDavid D. Grumhaus Jr. Mar 27, 2023 to now⁴

Board members and other officers (23)

VP and Assistant TreasurerNikita K. Thaker Mar 20, 2025 to now⁵
Vice PresidentTimothy P. Riordan Feb 22, 2023 to Feb 22, 2023⁶
Vice PresidentDusty L. Self Oct 6, 2022 to Oct 6, 2022⁷
CCOKathleen Hegyi Oct 6, 2022 to Oct 6, 2022⁸
Vice PresidentRonald H. Schwartz Oct 6, 2022 to Oct 6, 2022⁹
Assistant SecretaryDaniel Petrisko Oct 1, 2015 to Apr 9, 2018¹⁰
Vice President and SecretaryWilliam J. Renahan Oct 1, 2015 to Oct 1, 2015¹¹
VP & Chief Investment OfficerTimothy M. Heaney Feb 24, 2009 to Oct 16, 2018¹²
Senior VP and SecretaryT. Brooks Beittel Oct 7, 2008 to Oct 14, 2008¹³
Vice PresidentLisa Leonard May 22, 2006 to Oct 24, 2018¹⁴
Board memberMark G. Kahrer Mar 17, 2025 to now¹⁵
Board memberGeorge R. Aylward Jr. Sep 20, 2024 to now¹⁶
Board memberMareile B. Cusack Mar 6, 2023 to Mar 6, 2023¹⁷
Board memberClifford W. Hoffman Jr. Jun 15, 2016 to Jun 15, 2016¹⁸
Board memberDonald C. Burke Jul 30, 2014 to Sep 30, 2014¹⁹
Board memberPhillip R. McLaughlin Jan 4, 2010 to Jul 11, 2011²⁰
Board memberGeraldine M. McNamara Mar 16, 2009 to Mar 16, 2009²¹
Board memberConnie K. Duckworth May 7, 2009 to May 7, 2009²²
Board memberRobert J. Genetski May 7, 2009 to Nov 18, 2011²³
Board memberStewart E. Conner May 7, 2009 to May 18, 2009²⁴
Board memberChristian H. Poindexter May 12, 2008 to May 12, 2008²⁵
Board memberEverett L. Morris Apr 25, 2006 to Apr 27, 2006²⁶
Board memberCarl F. Pollard May 19, 2006 to May 13, 2009²⁷

Subsidiaries and ownership

Fund manager

DUFF & PHELPS INVESTMENT MANAGEMENT CO²

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Former names

DTF TAX-FREE INCOME INCJun 27, 2003 to Jan 19, 2022³
DUFF & PHELPS UTILITIES TAX FREE INCOME INCDec 29, 1995 to Apr 25, 2003³

Timeline

Mar 27, 2023New chief executive David D. Grumhaus Jr. becomes CEO⁴
Sep 24, 1991Founded DTF TAX-FREE INCOME 2028 TERM FUND INC is founded²

Filings

85 filings to the SEC since October 2021: 17 insider forms, 23 large holders, 45 other. The latest 20:

Sep 29, 2026NPORT-P EDGAR
Aug 11, 2026N-PX EDGAR
Jul 1, 2026N-CSRS EDGAR
Jun 26, 2026NPORT-P EDGAR
May 15, 2026SCHEDULE 13G EDGAR
Mar 31, 2026NPORT-P EDGAR
Mar 4, 2026SCHEDULE 13G/A EDGAR
Feb 13, 2026SCHEDULE 13G EDGAR
Jan 13, 2026N-CEN EDGAR
Dec 23, 2025N-CSR EDGAR
Dec 19, 2025NPORT-P EDGAR
Sep 24, 2025NPORT-P EDGAR
Aug 26, 20254 PRIMARY DOCUMENT EDGAR
Aug 26, 2025N-PX EDGAR
Aug 18, 20254 PRIMARY DOCUMENT EDGAR
Aug 14, 2025SCHEDULE 13G/A EDGAR
Jun 27, 2025NPORT-P EDGAR
Jun 20, 2025N-CSRS DTF TAX-FREE INCOME 2028 TERM FUND INC. EDGAR
Mar 20, 2025NPORT-P EDGAR
Mar 20, 20253 EDGAR

The 85 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 5 buys and 3 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Aug 25, 2025	Grumhaus David D Jr.President and CEO	Buy	1,400	$11.34	$15.9K	Form 4
Aug 15, 2025	Kahrer Mark G.Director	Buy	1,000	$11.35	$11.3K	Form 4
Apr 10, 2024	Grumhaus David D Jr.President and CEO	Buy	2,500	$10.70	$26.8K	Form 4
Apr 9, 2024	Grumhaus David D Jr.President and CEO	Buy	6	$10.77	$65	Form 4
Jul 31, 2023	JPMorgan Chase Bank, N.A.10% owner	Sale	150			Form 4
Jun 15, 2023	JPMorgan Chase Bank, N.A.10% owner	Sale	250			Form 4
Mar 24, 2023	Grumhaus David D Jr.President and CEO	Buy	2,500	$10.96	$27.4K	Form 4
Nov 16, 2022	JPMorgan Chase Bank, N.A.10% owner	Sale	250			Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Almitas Capital LLCSCHEDULE 13G, 2 filings Feb 14, 2024 to May 15, 2026²⁸
SIT INVESTMENT ASSOCIATES INCSCHEDULE 13G/A, 2 filings Jan 3, 2025 to Mar 4, 2026²⁹
Focus Partners WealthSCHEDULE 13G, 1 filing Feb 13, 2026³⁰
RIVERNORTH CAPITAL MANAGEMENT, LLCSCHEDULE 13G/A, 3 filings Feb 15, 2022 to Aug 14, 2025³¹
1607 Capital Partners, LLCSC 13G/A, 6 filings Feb 14, 2022 to Nov 14, 2024³²
NorthCoast Asset Management LLCSCHEDULE 13G, 1 filing Oct 29, 2024³³
Relative Value Partners Group, LLCSC 13G, 1 filing Feb 12, 2024³⁴
Karpus Management, Inc.SC 13G/A, 4 filings Feb 14, 2022 to Dec 7, 2023³⁵
JPMorgan Chase Bank, N.A.SC 13G/A, 3 filings Dec 6, 2022 to Aug 2, 2023³⁶

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 31. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Focus Partners Wealth	425,402	$4.9M	0.0%	−24,749
Almitas Capital LLC	355,089	$4.1M	1.0%	No change
Beverly Hills Private Wealth, LLC	335,921	$3.9M	0.7%	−421
Hara Capital LLC	307,689	$3.6M	1.9%	+3,700
Morgan Stanley	79,776	$921.4K	0.0%	−3,000
City Of London Investment Management Co Ltd	71,012	$820.2K	0.0%	No change
Thomas J. Herzfeld Advisors, Inc.	65,258	$753.7K	0.2%	+51,604
1607 Capital Partners, LLC	64,091	$740.3K	0.1%	−41,518
LPL Financial LLC	61,895	$714.9K	0.0%	+24,612
Avise Financial Cooperative, Inc.	46,934	$542.1K	0.4%	−94
49 Wealth Management, LLC	22,315	$257.7K	0.0%	New
Alongside, LLC	22,315	$257.7K	0.0%	New
Basepoint Wealth LLC	19,472	$224.9K	0.1%	−334
Karpus Management, Inc.	19,211	$221.9K	0.0%	No change
Corps Capital Advisors, LLC	19,000	$219.4K	0.2%	No change
Corient Private Wealth LP	17,518	$202.3K	0.0%	−23
Nuveen, LLC	16,077	$185.7K	0.0%	No change
Closed-End Fund Advisors, Inc.	15,976	$184.5K	0.2%	+1,543
Susquehanna International Group, Llp	15,223	$175.8K	0.0%	−12,260
Savvy Advisors, Inc.	14,545	$168.0K	0.0%	No change
Citadel Advisors LLC	13,404	$154.8K	0.0%	New
Melfa Wealth Management, Inc.	10,939	$126.3K	0.1%	No change
Sanctuary Advisors, LLC	10,000	$115.5K	0.0%	−8,300
Financial Gravity Companies, Inc.	3,232	$37.3K	0.0%	New
Osaic Holdings, Inc.	1,626	$18.8K	0.0%	+6

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How DTF TAX-FREE INCOME 2028 TERM FUND INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARDTF TAX-FREE INCOME 2028 TERM FUND INC¹
CIK0000879535
Employer ID (EIN)36-3793962¹
Incorporated inMaryland¹
Fiscal year endsOctober 31¹
Business address101 Munson Street, Greenfield, MA 01301¹
Phone(800) 338-8214¹
On EDGAR sinceDec 29, 1995¹
Filings567 in all: 4 (152), 3 (42), SC 13G/A (35), DEF 14A (30), N-Q (30), NPORT-P (28), N-CSR (24), 40-17G (23)¹
All 36 form types
N-CSRS (23), N-PX (23), NSAR-A (23), NSAR-B (22), N-30D (18), SC 13G (15), 5 (12), SC 13D/A (11), 4/A (9), N-CEN (8), N-23C-2 (5), PRE 14A (5), CORRESP (4), SC 13D (4), SCHEDULE 13G (4), 3/A (3), SC TO-I/A (2), SCHEDULE 13G/A (2), DEFA14A (1), DEFR14A (1), N-23C-2/A (1), N-CEN/A (1), N-CSR/A (1), N-PX/A (1), NPORT-EX (1), NPORT-P/A (1), NSAR-B/A (1), SC TO-I (1)
Latest filingsProxy statement (DEF 14A) Jan 16, 2026

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARDTF TAX-FREE INCOME 2028 TERM FUND INC filings on SEC EDGAR
2
GLEIFDTF TAX-FREE INCOME 2028 TERM FUND INC LEI record (549300UTPMUSB8BKGI82)
3
SEC EDGARDTF TAX-FREE INCOME 2028 TERM FUND INC filings on SEC EDGAR
4
SEC EDGARDavid D. Grumhaus Jr., Chief executive officer
5
SEC EDGARNikita K. Thaker, VP and Assistant Treasurer
6
SEC EDGARTimothy P. Riordan, Vice President
7
SEC EDGARDusty L. Self, Vice President
8
SEC EDGARKathleen Hegyi, CCO
9
SEC EDGARRonald H. Schwartz, Vice President
10
SEC EDGARDaniel Petrisko, Assistant Secretary
11
SEC EDGARWilliam J. Renahan, Vice President and Secretary
12
SEC EDGARTimothy M. Heaney, VP & Chief Investment Officer
13
SEC EDGART. Brooks Beittel, Senior VP and Secretary
14
SEC EDGARLisa Leonard, Vice President
15
SEC EDGARMark G. Kahrer, Board member
16
SEC EDGARGeorge R. Aylward Jr., Board member
17
SEC EDGARMareile B. Cusack, Board member
18
SEC EDGARClifford W. Hoffman Jr., Board member
19
SEC EDGARDonald C. Burke, Board member
20
SEC EDGARPhillip R. McLaughlin, Board member
21
SEC EDGARGeraldine M. McNamara, Board member
22
SEC EDGARConnie K. Duckworth, Board member
23
SEC EDGARRobert J. Genetski, Board member
24
SEC EDGARStewart E. Conner, Board member
25
SEC EDGARChristian H. Poindexter, Board member
26
SEC EDGAREverett L. Morris, Board member
27
SEC EDGARCarl F. Pollard, Board member
28
SEC EDGARAlmitas Capital LLC SCHEDULE 13G on DTF TAX-FREE INCOME 2028 TERM FUND INC
29
SEC EDGARSIT INVESTMENT ASSOCIATES INC SCHEDULE 13G/A on DTF TAX-FREE INCOME 2028 TERM FUND INC
30
SEC EDGARFocus Partners Wealth SCHEDULE 13G on DTF TAX-FREE INCOME 2028 TERM FUND INC
31
SEC EDGARRIVERNORTH CAPITAL MANAGEMENT, LLC SCHEDULE 13G/A on DTF TAX-FREE INCOME 2028 TERM FUND INC
32
SEC EDGAR1607 Capital Partners, LLC SC 13G/A on DTF TAX-FREE INCOME 2028 TERM FUND INC
33
SEC EDGARNorthCoast Asset Management LLC SCHEDULE 13G on DTF TAX-FREE INCOME 2028 TERM FUND INC
34
SEC EDGARRelative Value Partners Group, LLC SC 13G on DTF TAX-FREE INCOME 2028 TERM FUND INC
35
SEC EDGARKarpus Management, Inc. SC 13G/A on DTF TAX-FREE INCOME 2028 TERM FUND INC
36
SEC EDGARJPMorgan Chase Bank, N.A. SC 13G/A on DTF TAX-FREE INCOME 2028 TERM FUND INC