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Name

As of 11/21/2024

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 Strategic High Yield Tax-Free Fund

NOTAX | Fund

$10.82

$496 M

0.00%

0.94%

Vitals

YTD Return

6.4%

1 yr return

11.5%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

1.2%

Net Assets

$496 M

Holdings in Top 10

12.0%

52 WEEK LOW AND HIGH

$10.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.94%

SALES FEES

Front Load 2.75%

Deferred Load N/A

TRADING FEES

Turnover 59.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/21/2024

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 Strategic High Yield Tax-Free Fund

NOTAX | Fund

$10.82

$496 M

0.00%

0.94%

NOTAX - Profile

Distributions

  • YTD Total Return 6.4%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.51%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DWS Strategic High Yield Tax-Free Fund
  • Fund Family Name
    DWS
  • Inception Date
    May 01, 2000
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Generazo

NOTAX - Performance

Return Ranking - Trailing

Period NOTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.4% -2.0% 12.4% 26.47%
1 Yr 11.5% 1.0% 18.7% 30.39%
3 Yr -1.0%* -8.8% 3.0% 55.72%
5 Yr 1.2%* -5.0% 3.8% 57.36%
10 Yr 2.3%* -0.4% 155.6% 73.64%

* Annualized

Return Ranking - Calendar

Period NOTAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.2% -6.2% 7.5% 11.76%
2022 -19.5% -26.9% -3.5% 80.10%
2021 2.4% -1.9% 5.6% 35.35%
2020 0.3% -4.0% 4.2% 55.84%
2019 4.3% -0.7% 9.1% 72.25%

Total Return Ranking - Trailing

Period NOTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.4% -2.0% 12.4% 26.47%
1 Yr 11.5% 1.0% 18.7% 30.39%
3 Yr -1.0%* -8.8% 3.0% 55.72%
5 Yr 1.2%* -5.0% 3.8% 57.36%
10 Yr 2.3%* -0.4% 155.6% 73.64%

* Annualized

Total Return Ranking - Calendar

Period NOTAX Return Category Return Low Category Return High Rank in Category (%)
2023 8.6% -4.1% 10.9% 19.12%
2022 -16.2% -26.9% 4.3% 79.10%
2021 5.5% -1.9% 10.0% 47.47%
2020 3.7% -2.6% 8.2% 43.15%
2019 8.0% -0.7% 1028633.9% 66.49%

NAV & Total Return History

NOTAX - Holdings

Concentration Analysis

NOTAX Category Low Category High NOTAX % Rank
Net Assets 496 M 9.79 K 15.6 B 62.38%
Number of Holdings 297 1 3325 67.66%
Net Assets in Top 10 59.9 M -102 M 3.51 B 73.13%
Weighting of Top 10 11.99% 4.6% 98.8% 59.50%

Top 10 Holdings

  1. M-S-R CA ENERGY AUTH GAS REVENUE 1.45%
  2. FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE 1.37%
  3. PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 1.35%
  4. PUBLIC AUTH FOR COLORADO ST ENERGY NATURAL GAS PURCHASE REVE 1.35%
  5. MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE 1.16%
  6. OHIO ST HOSP REVENUE 1.13%
  7. PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE 1.07%
  8. PUBLIC FIN AUTH WI HOTEL REVENUE 1.06%
  9. FLORIDA ST DEV FIN CORP 1.04%
  10. Nuveen Quality Municipal Income Fund 0.99%

Asset Allocation

Weighting Return Low Return High NOTAX % Rank
Bonds 		98.83% 0.00% 146.69% 56.86%
Stocks 		0.99% 0.00% 99.62% 11.76%
Cash 		0.18% -0.64% 100.00% 68.66%
Preferred Stocks 		0.00% -47.61% 0.00% 28.36%
Other 		0.00% -5.59% 5.07% 39.30%
Convertible Bonds 		0.00% 0.00% 0.00% 22.39%

Stock Sector Breakdown

Weighting Return Low Return High NOTAX % Rank
Utilities 		0.00% 0.00% 0.00% 6.35%
Technology 		0.00% 0.00% 0.00% 6.35%
Real Estate 		0.00% 0.00% 0.00% 6.35%
Industrials 		0.00% 0.00% 4.78% 38.10%
Healthcare 		0.00% 0.00% 0.00% 6.35%
Financial Services 		0.00% 0.00% 0.00% 6.35%
Energy 		0.00% 0.00% 0.00% 12.70%
Communication Services 		0.00% 0.00% 0.00% 6.35%
Consumer Defense 		0.00% 0.00% 0.00% 6.35%
Consumer Cyclical 		0.00% 0.00% 77.65% 6.35%
Basic Materials 		0.00% 17.58% 100.00% 1.59%

Stock Geographic Breakdown

Weighting Return Low Return High NOTAX % Rank
US 		0.99% 0.00% 99.62% 11.94%
Non US 		0.00% 0.00% 0.00% 40.30%

Bond Sector Breakdown

Weighting Return Low Return High NOTAX % Rank
Municipal 		98.55% 0.00% 100.00% 45.27%
Corporate 		0.80% 0.00% 2.83% 18.41%
Cash & Equivalents 		0.00% 0.00% 100.00% 40.30%
Derivative 		0.00% -7.53% 2.16% 31.84%
Securitized 		0.00% 0.00% 22.44% 27.86%
Government 		0.00% 0.00% 0.09% 26.87%

Bond Geographic Breakdown

Weighting Return Low Return High NOTAX % Rank
US 		98.83% 0.00% 139.84% 52.24%
Non US 		0.00% 0.00% 13.35% 30.35%

NOTAX - Expenses

Operational Fees

NOTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.22% 3.44% 49.75%
Management Fee 0.44% 0.00% 1.41% 21.57%
12b-1 Fee 0.25% 0.00% 1.00% 46.79%
Administrative Fee 0.10% 0.02% 0.35% 46.67%

Sales Fees

NOTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.75% 1.00% 4.50% 79.07%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

NOTAX 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.

NOTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 2.00% 121.00% 86.77%

NOTAX - Distributions

Dividend Yield Analysis

NOTAX Category Low Category High NOTAX % Rank
Dividend Yield 0.00% 0.00% 5.94% 47.55%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NOTAX Category Low Category High NOTAX % Rank
Net Income Ratio 3.51% 1.11% 5.44% 29.90%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NOTAX - Fund Manager Analysis

Managers

Michael Generazo

Start Date

Tenure

Tenure Rank

Jun 25, 2018

3.93

3.9%

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

Chad Farrington

Start Date

Tenure

Tenure Rank

Dec 10, 2018

3.47

3.5%

Portfolio Manager for Municipal Bonds - Joined DWS in 2018 with 20 years of industry experience; previously, worked as Portfolio Manager, Head of Municipal Research, and Senior Credit Analyst at Columbia Threadneedle - BS, Montana State University

Matthew Caggiano

Start Date

Tenure

Tenure Rank

Oct 01, 2021

0.66

0.7%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 21.43 7.55 2.52

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