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Name

As of 12/31/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

DWS New York Tax-Free Income Fund

DNTIX | Fund

$9.85

$194 M

3.37%

$0.33

0.81%

Vitals

YTD Return

0.0%

1 yr return

1.6%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

N/A

Net Assets

$194 M

Holdings in Top 10

19.1%

52 WEEK LOW AND HIGH

$9.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.81%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/31/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

DWS New York Tax-Free Income Fund

DNTIX | Fund

$9.85

$194 M

3.37%

$0.33

0.81%

DNTIX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.56%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DWS New York Tax-Free Income Fund
  • Fund Family Name
    DWS Funds
  • Inception Date
    Dec 01, 2020
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Caggiano

Fund Description

Main investments. Under normal circumstances, the fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in municipal securities whose income is free from regular federal and New York State personal income tax. In addition, the fund invests at least 65% of net assets in municipal securities and other securities that are exempt from New York City personal income taxes. The fund may invest up to 20% of net assets in securities whose income is subject to the federal alternative minimum tax (AMT).The fund can buy many types of municipal securities of all maturities. These may include revenue bonds (which are backed by revenue from a particular source) and general obligation bonds (which are typically backed by the issuer’s ability to levy taxes). They may also include private activity and industrial development bonds, municipal lease obligations and investments representing an interest in these. The fund can also invest in obligations of US territories and Commonwealths (such as Puerto Rico, the US Virgin Islands and Guam) and their agencies and authorities, whose income is free from regular federal and New York state income tax.Normally, at least 80% of the fund’s municipal securities are rated in the four highest credit rating categories or, if unrated, determined by the Advisor to be of similar quality. Up to 20% of the fund's municipal securities may be high yield bonds (commonly referred to as junk bonds), which are those rated below the fourth highest rating category (i.e., grade BB/Ba and below). Compared to investment-grade bonds, junk bonds generally pay higher yields but have higher volatility and higher risk of default on payments.The fund may use forward delivery bonds, which are bonds priced on a determined date but that are not issued and settled until a later period (ranging from several weeks to more than a year). Forward delivery bonds with settlement dates greater than 35 days are treated as derivatives by the fund and are subject to the fund's policies and procedures with respect to derivatives. Forward delivery bonds with settlement dates greater than 35 days generally are used for non-hedging purposes to seek to enhance potential gains.Management process. Portfolio management looks for securities that appear to offer the best total return potential. In making buy and sell decisions, portfolio management typically weighs a number of factors, including economic outlooks, possible interest rate movements, yield levels across varying maturities, and changes in supply and demand within the municipal bond market. When evaluating any individual security and its issuer, portfolio management may consider a number of factors including the security's credit quality and terms, such as coupon, maturity date and call date, as well as the issuer's capital structure, leverage and ability to meet its current obligations. Portfolio management generally also considersfinancially material environmental, social, and governance (ESG) factors, when available. Such factors may include, but are not limited to, exposure to climate change risks, income levels and unemployment data, and an issuer’s governance structure and practices.Although portfolio management may adjust the fund’s duration (a measure of sensitivity to interest rates) over a wider range, they generally intend to keep it similar to that of the Bloomberg Municipal Bond Index, which is generally between five and nine years.
Read More

DNTIX - Performance

Return Ranking - Trailing

Period DNTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -7.3% 13.1% 86.17%
1 Yr 1.6% -7.3% 34.9% 44.93%
3 Yr -1.0%* -11.8% 4.6% 56.97%
5 Yr N/A* -7.4% 1103.2% 57.55%
10 Yr N/A* -1.1% 248.8% 49.52%

* Annualized

Return Ranking - Calendar

Period DNTIX Return Category Return Low Category Return High Rank in Category (%)
2024 -1.3% -2.9% 34.9% 91.12%
2023 4.3% -29.7% 41.0% 1.91%
2022 -13.6% -39.7% 6.9% 95.75%
2021 0.3% -5.5% 309.7% 76.08%
2020 N/A -0.5% 310.0% N/A

Total Return Ranking - Trailing

Period DNTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -7.3% 13.1% 86.17%
1 Yr 1.6% -7.3% 34.9% 44.93%
3 Yr -1.0%* -11.8% 4.6% 56.97%
5 Yr N/A* -7.4% 1103.2% 47.98%
10 Yr N/A* -1.1% 248.8% 47.15%

* Annualized

Total Return Ranking - Calendar

Period DNTIX Return Category Return Low Category Return High Rank in Category (%)
2024 1.9% -1.3% 34.9% 88.90%
2023 7.5% -29.7% 41.0% 2.73%
2022 -11.1% -39.7% 23761504.0% 95.61%
2021 2.7% -4.8% 320.8% 65.41%
2020 N/A -0.2% 17057.9% N/A

NAV & Total Return History

DNTIX - Holdings

Concentration Analysis

DNTIX Category Low Category High DNTIX % Rank
Net Assets 194 M 3.22 M 71.9 B 71.77%
Number of Holdings 158 4 14014 71.59%
Net Assets in Top 10 38.6 M -317 M 3.09 B 72.06%
Weighting of Top 10 19.12% 1.5% 100.3% 43.88%

Top 10 Holdings

  1. Nuveen New York AMT-Free Quality Municipal Income Fund 3.29%
  2. LIBERTY DEV CORP NY REVENUE 2.90%
  3. PORT AUTH OF NEW YORK NEW JERSEY NY 1.81%
  4. MET TRANSPRTN AUTH NY REVENUE 1.75%
  5. TRIBOROUGH NY BRIDGE TUNNEL AUTH SALES TAX REVENUE 1.63%
  6. NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE 1.62%
  7. TRIBOROUGH NY BRIDGE TUNNEL AUTH PAYROLL MOBILITY TAX 1.61%
  8. PORT AUTH OF NEW YORK NEW JERSEY NY 1.54%
  9. PORT AUTH OF NEW YORK NEW JERSEY NY 1.51%
  10. NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE 1.46%

Asset Allocation

Weighting Return Low Return High DNTIX % Rank
Bonds 		96.14% 0.00% 150.86% 85.23%
Stocks 		3.29% 0.00% 99.77% 2.48%
Cash 		0.57% -50.86% 44.62% 69.31%
Preferred Stocks 		0.00% 0.00% 0.07% 65.88%
Other 		0.00% -3.69% 53.54% 65.88%
Convertible Bonds 		0.00% 0.00% 0.93% 65.95%

Stock Sector Breakdown

Weighting Return Low Return High DNTIX % Rank
Utilities 		0.00% 0.00% 0.00% N/A
Technology 		0.00% 0.00% 0.00% N/A
Real Estate 		0.00% 0.00% 0.00% N/A
Industrials 		0.00% 0.00% 100.00% N/A
Healthcare 		0.00% 0.00% 0.00% N/A
Financial Services 		0.00% 0.00% 0.00% N/A
Energy 		0.00% 0.00% 0.00% N/A
Communication Services 		0.00% 0.00% 100.00% N/A
Consumer Defense 		0.00% 0.00% 0.00% N/A
Consumer Cyclical 		0.00% 0.00% 100.00% N/A
Basic Materials 		0.00% 0.00% 0.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High DNTIX % Rank
US 		3.29% 0.00% 99.77% 2.48%
Non US 		0.00% 0.00% 10.22% 65.88%

Bond Sector Breakdown

Weighting Return Low Return High DNTIX % Rank
Municipal 		100.00% 44.39% 100.00% 5.80%
Derivative 		0.00% -3.69% 53.54% 65.14%
Cash & Equivalents 		0.00% 0.00% 44.41% 85.83%
Securitized 		0.00% 0.00% 5.93% 66.49%
Corporate 		0.00% 0.00% 9.41% 71.21%
Government 		0.00% 0.00% 52.02% 67.50%

Bond Geographic Breakdown

Weighting Return Low Return High DNTIX % Rank
US 		96.14% 0.00% 142.23% 83.21%
Non US 		0.00% 0.00% 23.89% 68.17%

DNTIX - Expenses

Operational Fees

DNTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.01% 8.02% 42.74%
Management Fee 0.40% 0.00% 1.20% 42.89%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.44% 32.30%

Sales Fees

DNTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

DNTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DNTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 283.00% 80.82%

DNTIX - Distributions

Dividend Yield Analysis

DNTIX Category Low Category High DNTIX % Rank
Dividend Yield 3.37% 0.00% 14.51% 33.42%

Dividend Distribution Analysis

DNTIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

DNTIX Category Low Category High DNTIX % Rank
Net Income Ratio 2.56% -0.53% 5.33% 16.66%

Capital Gain Distribution Analysis

DNTIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

DNTIX - Fund Manager Analysis

Managers

Matthew Caggiano

Start Date

Tenure

Tenure Rank

Dec 30, 2004

17.43

17.4%

Portfolio Manager for Municipal Bonds: Boston, MA Joined the Company in 1989. Prior to his current role, Matthew served as a Portfolio Manager and Trader for Insurance portfolios. Previously, Matthew served as an Assistant Trader for Tax Exempt Municipal Bond funds and as a Research Assistant for the Municipal Bond Group BS from Pennsylvania State University; MS from Boston College; CFA Charterholder

Michael Generazo

Start Date

Tenure

Tenure Rank

Nov 19, 2021

0.53

0.5%

Portfolio Manager for Municipal Bond Funds: Boston, MA Joined the Company in 1999 with 6 years of industry experience. Prior to his current role, Michael was a Municipal Bond Trader for Private Investment Clients. Previously, he served as a Trader and Portfolio Manager at Breckenridge Capital Advisors and as a Senior Financial Reporting Analyst at Massachusetts Financial Services. Michael began his career as a Financial Reporting Analyst at The Boston Company BS from Bryant College; MBA from Suffolk University

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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