KNTCX: DWS New York Tax-Free Income C

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KNTCX DWS New York Tax-Free Income C


Profile

KNTCX - Profile

Vitals

  • YTD Return 0.6%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $280 M
  • Holdings in Top 10 16.2%

52 WEEK LOW AND HIGH

$10.92
$9.87
$11.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.78%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 41.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DWS New York Tax
  • Fund Family Name
    DWS
  • Inception Date
    May 31, 1994
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ashton Goodfield

Fund Description

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. It 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 AMT. It is non-diversified.


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Categories

Performance

KNTCX - Performance

Return Ranking - Trailing

Period KNTCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -4.7% 2.7% 33.77%
1 Yr 0.6% -4.4% 4.5% 31.33%
3 Yr 0.6%* -1.7% 3.4% 33.33%
5 Yr 0.3%* -1.2% 2.9% 41.86%
10 Yr 0.1%* -0.6% 1.1% 66.00%

* Annualized

Return Ranking - Calendar

Period KNTCX Return Category Return Low Category Return High Rank in Category (%)
2019 4.3% 2.2% 9.3% 45.27%
2018 -2.6% -6.6% 5.2% 55.32%
2017 1.5% -2.0% 4.3% 62.12%
2016 -3.0% -6.3% 0.0% 50.00%
2015 -0.8% -4.4% 1.1% 86.82%

Total Return Ranking - Trailing

Period KNTCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -4.7% 2.7% 33.77%
1 Yr 0.6% -4.4% 4.5% 31.33%
3 Yr 0.6%* -1.7% 3.4% 40.43%
5 Yr 0.3%* -1.2% 2.9% 49.61%
10 Yr 0.1%* -0.6% 2.9% 73.00%

* Annualized

Total Return Ranking - Calendar

Period KNTCX Return Category Return Low Category Return High Rank in Category (%)
2019 4.3% 2.2% 9.3% 48.65%
2018 -2.6% -6.6% 5.2% 58.16%
2017 1.6% -2.0% 4.3% 65.15%
2016 -3.0% -6.3% 0.9% 59.23%
2015 -0.8% -4.4% 2.1% 89.15%

NAV & Total Return History


Holdings

KNTCX - Holdings

Concentration Analysis

KNTCX Category Low Category High KNTCX % Rank
Net Assets 280 M 37.1 M 5.4 B 58.28%
Number of Holdings 147 48 1209 65.56%
Net Assets in Top 10 44.8 M -133 M 767 M 57.62%
Weighting of Top 10 16.19% 5.9% 87.0% 58.28%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High KNTCX % Rank
Bonds
100.00% 86.13% 150.13% 13.25%
Stocks
0.00% 0.00% 0.00% 21.85%
Preferred Stocks
0.00% 0.00% 0.00% 21.85%
Other
0.00% 0.00% 1.96% 26.49%
Convertible Bonds
0.00% 0.00% 0.00% 21.85%
Cash
0.00% -50.13% 13.88% 70.20%

Bond Sector Breakdown

Weighting Return Low Return High KNTCX % Rank
Municipal
100.00% 86.02% 100.00% 3.31%
Derivative
0.00% 0.00% 0.00% 21.85%
Cash & Equivalents
0.00% 0.00% 13.98% 78.81%
Securitized
0.00% 0.00% 0.00% 21.85%
Corporate
0.00% 0.00% 2.02% 33.11%
Government
0.00% -0.01% 5.97% 27.81%

Bond Geographic Breakdown

Weighting Return Low Return High KNTCX % Rank
US
97.77% 83.52% 144.44% 35.10%
Non US
2.23% 0.00% 17.56% 50.99%

Expenses

KNTCX - Expenses

Operational Fees

KNTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.78% 0.09% 3.53% 11.33%
Management Fee 0.45% 0.08% 0.70% 35.76%
12b-1 Fee 1.00% 0.00% 1.00% 80.52%
Administrative Fee 0.10% 0.01% 0.32% 39.02%

Sales Fees

KNTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.75% N/A
Deferred Load 1.00% 1.00% 5.00% 21.43%

Trading Fees

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

KNTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 2.00% 114.00% 79.47%

Distributions

KNTCX - Distributions

Dividend Yield Analysis

KNTCX Category Low Category High KNTCX % Rank
Dividend Yield 0.00% 0.00% 0.80% 25.83%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

KNTCX Category Low Category High KNTCX % Rank
Net Income Ratio 2.06% 1.28% 6.06% 82.67%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

KNTCX - Fund Manager Analysis

Managers

Ashton Goodfield


Start Date

Tenure

Tenure Rank

Apr 01, 1999

21.26

21.3%

Co-Head Municipal Bond Department and Portfolio Manager for Municipal Bond Mutual Funds: Boston, MA Joined the Company in 1986. Prior to her current role, Ashton was Head of Municipal Bond Trading. Over the course of her career, Ashton has managed municipal assets for individuals, mutual funds, insurance companies and other institutions BA from Duke University; CFA Charterholder

Matthew Caggiano


Start Date

Tenure

Tenure Rank

Dec 30, 2004

15.51

15.5%

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

Peter Aloisi


Start Date

Tenure

Tenure Rank

Jun 25, 2018

2.02

2.0%

Municipal Portfolio Manager and Trader: Boston, MA Joined the Company in 2010 with 5 years of industry experience. Prior to joining, Peter served as an Associate at Banc of America Securities BA in Psychology from Boston College; MBA from Boston College; CFA Charterholder

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 30.52 7.76 8.13