DWS Strategic High Yield Tax-Free A
- NOTAX
- Price as of: Mar 01, 2021
-
$12.23
N/A N/A
- Primary Theme
- High Yield Municipal Bond
- Fund Company
- DWS
- Share Class
NOTAX - Snapshot
Vitals
- YTD Return -0.4%
- 3 Yr Annualized Return 5.0%
- 5 Yr Annualized Return 4.0%
- Net Assets $1.04 B
- Holdings in Top 10 11.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.95%
SALES FEES
- Front Load 2.75%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 52.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000
- IRA $500
Fund Classification
-
Primary Theme
High Yield Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style High Yield Muni
NOTAX - Profile
Distributions
- YTD Total Return -0.4%
- 3 Yr Annualized Total Return 4.0%
- 5 Yr Annualized Total Return 3.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.72%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDWS Strategic High Yield Tax
-
Fund Family NameDWS
-
Inception DateMay 01, 2000
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAshton Goodfield
NOTAX - Performance
Return Ranking - Trailing
Period | NOTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -3.2% | 1.7% | 73.15% |
1 Yr | 3.9% | -4.7% | 8.2% | 42.86% |
3 Yr | 5.0%* | 2.3% | 10.5% | 71.63% |
5 Yr | 4.0%* | 2.0% | 8.6% | 78.11% |
10 Yr | 5.3%* | 4.0% | 10.0% | 90.60% |
* Annualized
Return Ranking - Calendar
Period | NOTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 0.3% | -10.1% | 4.2% | 52.38% |
2019 | 4.3% | -0.7% | 11.7% | 69.76% |
2018 | -4.6% | -5.7% | 95.6% | 97.38% |
2017 | 2.4% | -0.7% | 8.6% | 79.41% |
2016 | -3.1% | -6.7% | -0.8% | 50.62% |
Total Return Ranking - Trailing
Period | NOTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -3.2% | 1.7% | 73.61% |
1 Yr | 1.0% | -4.7% | 8.2% | 72.81% |
3 Yr | 4.0%* | 2.2% | 10.5% | 86.06% |
5 Yr | 3.4%* | 2.0% | 8.6% | 87.56% |
10 Yr | 5.0%* | 4.0% | 10.0% | 90.60% |
* Annualized
Total Return Ranking - Calendar
Period | NOTAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 0.3% | -10.1% | 4.2% | 52.38% |
2019 | 4.3% | -0.7% | 12.0% | 69.76% |
2018 | -4.4% | -5.7% | 4.2% | 97.38% |
2017 | 2.5% | -0.7% | 9.8% | 77.06% |
2016 | -3.0% | -6.1% | 1.1% | 47.53% |
NAV & Total Return History
NOTAX - Holdings
Concentration Analysis
NOTAX | Category Low | Category High | NOTAX % Rank | |
---|---|---|---|---|
Net Assets | 1.04 B | 10.2 K | 20.9 B | 45.62% |
Number of Holdings | 371 | 5 | 3525 | 58.99% |
Net Assets in Top 10 | 112 M | -36.7 M | 2.79 B | 53.46% |
Weighting of Top 10 | 11.26% | 4.1% | 99.8% | 75.35% |
Top 10 Holdings
- M-S-R ENERGY AUTH CALIF GAS REV 7% 1.40%
- MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5.5% 1.32%
- MATAGORDA CNTY TEX NAV DIST NO 1 POLLUTN CTL REV 4.4% 1.25%
- SOUTH CAROLINA ST PUB SVCS AUTH REV 5.25% 1.23%
- AKRON BATH COPLEY OHIO JT TWP HOSP DIST REV 5.25% 1.22%
- PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% 1.13%
- NEW JERSEY ECONOMIC DEV AUTH REV 5.5% 1.10%
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% 1.06%
- SOUTH CAROLINA ST PUB SVCS AUTH REV 5.75% 1.03%
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.02%
Asset Allocation
Weighting | Return Low | Return High | NOTAX % Rank | |
---|---|---|---|---|
Bonds | 99.84% | 57.58% | 143.28% | 23.96% |
Cash | 0.17% | -1.22% | 40.03% | 74.19% |
Stocks | 0.00% | 0.00% | 3.26% | 21.66% |
Preferred Stocks | 0.00% | -43.44% | 0.43% | 8.29% |
Other | 0.00% | 0.00% | 2.63% | 22.12% |
Convertible Bonds | 0.00% | -0.98% | 0.00% | 6.45% |
Bond Sector Breakdown
Weighting | Return Low | Return High | NOTAX % Rank | |
---|---|---|---|---|
Municipal | 99.83% | 58.99% | 100.00% | 20.28% |
Cash & Equivalents | 0.17% | 0.00% | 41.01% | 77.42% |
Derivative | 0.00% | 0.00% | 0.01% | 8.29% |
Securitized | 0.00% | 0.00% | 17.71% | 6.91% |
Corporate | 0.00% | 0.00% | 12.24% | 40.55% |
Government | 0.00% | 0.00% | 0.85% | 14.29% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NOTAX % Rank | |
---|---|---|---|---|
US | 93.49% | 57.58% | 136.57% | 39.63% |
Non US | 6.35% | 0.00% | 13.61% | 44.70% |
NOTAX - Expenses
Operational Fees
NOTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.95% | 0.18% | 7.04% | 44.44% |
Management Fee | 0.40% | 0.00% | 1.60% | 11.47% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 33.33% |
Administrative Fee | 0.10% | 0.01% | 0.35% | 49.21% |
Sales Fees
NOTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 2.75% | 1.00% | 4.75% | 79.55% |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
NOTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 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.
NOTAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 52.00% | 5.10% | 314.00% | 72.09% |
NOTAX - Distributions
Dividend Yield Analysis
NOTAX | Category Low | Category High | NOTAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 1.82% | 10.09% |
Dividend Distribution Analysis
NOTAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
NOTAX | Category Low | Category High | NOTAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.72% | -0.98% | 6.28% | 40.74% |
Capital Gain Distribution Analysis
NOTAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Mar 25, 2019 | $0.038 |
Feb 22, 2019 | $0.040 |
Jan 25, 2019 | $0.040 |
Dec 24, 2018 | $0.037 |
Nov 26, 2018 | $0.041 |
Oct 25, 2018 | $0.037 |
Aug 27, 2018 | $0.038 |
Jul 25, 2018 | $0.034 |
Jun 25, 2018 | $0.038 |
May 24, 2018 | $0.035 |
Apr 24, 2018 | $0.036 |
Mar 23, 2018 | $0.037 |
Feb 22, 2018 | $0.036 |
Jan 25, 2018 | $0.035 |
Dec 26, 2017 | $0.035 |
Nov 24, 2017 | $0.029 |
Oct 25, 2017 | $0.036 |
Sep 25, 2017 | $0.034 |
Aug 25, 2017 | $0.035 |
Jul 25, 2017 | $0.034 |
Jun 26, 2017 | $0.042 |
May 24, 2017 | $0.038 |
Apr 24, 2017 | $0.035 |
Mar 27, 2017 | $0.040 |
Feb 22, 2017 | $0.037 |
Jan 25, 2017 | $0.035 |
Dec 23, 2016 | $0.039 |
Nov 23, 2016 | $0.040 |
Oct 25, 2016 | $0.037 |
Sep 26, 2016 | $0.042 |
Aug 25, 2016 | $0.042 |
Jul 25, 2016 | $0.040 |
Jun 24, 2016 | $0.047 |
May 24, 2016 | $0.042 |
Apr 25, 2016 | $0.043 |
Mar 24, 2016 | $0.048 |
Feb 23, 2016 | $0.016 |
Jan 25, 2016 | $0.043 |
Dec 24, 2015 | $0.051 |
Nov 23, 2015 | $0.043 |
Oct 26, 2015 | $0.048 |
Sep 24, 2015 | $0.045 |
Aug 25, 2015 | $0.043 |
Jul 27, 2015 | $0.050 |
Jun 24, 2015 | $0.047 |
May 22, 2015 | $0.045 |
Apr 24, 2015 | $0.049 |
Mar 25, 2015 | $0.044 |
Feb 23, 2015 | $0.043 |
Jan 26, 2015 | $0.046 |
Dec 24, 2014 | $0.046 |
Nov 21, 2014 | $0.041 |
Oct 27, 2014 | $0.049 |
Sep 24, 2014 | $0.046 |
Aug 25, 2014 | $0.043 |
Jul 25, 2014 | $0.050 |
Jun 24, 2014 | $0.045 |
May 23, 2014 | $0.049 |
Apr 24, 2014 | $0.049 |
Mar 25, 2014 | $0.048 |
Feb 24, 2014 | $0.051 |
Jan 27, 2014 | $0.054 |
Dec 24, 2013 | $0.051 |
Nov 22, 2013 | $0.046 |
Oct 25, 2013 | $0.053 |
Sep 24, 2013 | $0.047 |
Aug 26, 2013 | $0.049 |
Jul 25, 2013 | $0.048 |
Jun 24, 2013 | $0.044 |
May 24, 2013 | $0.047 |
Apr 24, 2013 | $0.046 |
Mar 22, 2013 | $0.040 |
Feb 25, 2013 | $0.044 |
Jan 28, 2013 | $0.047 |
Dec 21, 2012 | $0.041 |
Nov 27, 2012 | $0.048 |
Oct 26, 2012 | $0.046 |
Sep 25, 2012 | $0.042 |
Aug 28, 2012 | $0.046 |
Jul 26, 2012 | $0.044 |
Jun 26, 2012 | $0.049 |
May 25, 2012 | $0.045 |
Apr 25, 2012 | $0.046 |
Mar 27, 2012 | $0.050 |
Feb 24, 2012 | $0.047 |
Jan 26, 2012 | $0.040 |
Jan 03, 2012 | $0.060 |
Nov 25, 2011 | $0.050 |
Oct 26, 2011 | $0.047 |
Sep 27, 2011 | $0.055 |
Aug 26, 2011 | $0.051 |
Jul 26, 2011 | $0.048 |
Jun 27, 2011 | $0.056 |
May 25, 2011 | $0.049 |
Apr 27, 2011 | $0.053 |
Mar 28, 2011 | $0.056 |
Feb 23, 2011 | $0.050 |
Jan 26, 2011 | $0.049 |
Dec 28, 2010 | $0.057 |
Nov 24, 2010 | $0.048 |
Oct 26, 2010 | $0.046 |
Sep 27, 2010 | $0.053 |
Aug 26, 2010 | $0.047 |
Jul 27, 2010 | $0.050 |
Jun 25, 2010 | $0.052 |
May 25, 2010 | $0.045 |
Apr 27, 2010 | $0.054 |
Mar 26, 2010 | $0.050 |
Feb 23, 2010 | $0.049 |
Jan 26, 2010 | $0.047 |
Dec 28, 2009 | $0.057 |
Nov 24, 2009 | $0.049 |
Oct 27, 2009 | $0.054 |
Sep 25, 2009 | $0.053 |
Aug 26, 2009 | $0.050 |
Jul 28, 2009 | $0.059 |
Jun 25, 2009 | $0.054 |
May 26, 2009 | $0.051 |
Apr 27, 2009 | $0.057 |
Mar 26, 2009 | $0.052 |
Feb 24, 2009 | $0.053 |
Jan 27, 2009 | $0.057 |
Dec 26, 2008 | $0.058 |
Nov 24, 2008 | $0.050 |
Oct 28, 2008 | $0.055 |
Sep 25, 2008 | $0.052 |
Aug 26, 2008 | $0.049 |
Jul 28, 2008 | $0.058 |
Jun 25, 2008 | $0.049 |
May 27, 2008 | $0.052 |
Apr 25, 2008 | $0.052 |
Mar 26, 2008 | $0.047 |
Feb 26, 2008 | $0.051 |
Jan 28, 2008 | $0.053 |
Dec 26, 2007 | $0.046 |
Nov 27, 2007 | $0.051 |
Oct 26, 2007 | $0.048 |
Sep 25, 2007 | $0.042 |
Aug 28, 2007 | $0.050 |
Jul 26, 2007 | $0.047 |
Jun 26, 2007 | $0.051 |
May 25, 2007 | $0.046 |
Apr 25, 2007 | $0.046 |
Mar 27, 2007 | $0.051 |
Feb 23, 2007 | $0.048 |
Jan 29, 2007 | $0.048 |
Dec 26, 2006 | $0.044 |
Nov 27, 2006 | $0.048 |
Oct 26, 2006 | $0.048 |
Sep 26, 2006 | $0.047 |
Aug 28, 2006 | $0.049 |
Jul 26, 2006 | $0.048 |
Jun 27, 2006 | $0.054 |
May 25, 2006 | $0.046 |
Apr 25, 2006 | $0.047 |
Mar 28, 2006 | $0.055 |
Feb 23, 2006 | $0.052 |
NOTAX - Fund Manager Analysis
Managers
Ashton Goodfield
Start Date
Tenure
Tenure Rank
Oct 01, 2014
6.34
6.3%
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
Michael Generazo
Start Date
Tenure
Tenure Rank
Jun 25, 2018
2.61
2.6%
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
2.15
2.2%
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
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 22.85 | 7.21 | 1.19 |