DTPIX Macquarie Tax-Free PA Institutional Forecast, Technical & Fundamental Analysis

The investment seeks as high a level of current income exempt from federal income tax and from Pennsylvania state personal income tax as is consistent with preservation of capital. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that provide income that is exempt from federal income tax, including the federal alternative minimum tax, and the personal income taxes of the Commonwealth of Pennsylvania. It will invest its assets in securities with maturities of various lengths, depending on market conditions.