NOTAX: DWS Strategic High Yield Tax - MutualFunds.com

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DWS Strategic High Yield Tax-Free A

NOTAX - Snapshot

Vitals

  • YTD Return -1.5%
  • 3 Yr Annualized Return 2.9%
  • 5 Yr Annualized Return 3.2%
  • Net Assets $983 M
  • Holdings in Top 10 10.7%

52 WEEK LOW AND HIGH

$12.05
$10.66
$12.64

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

Compare NOTAX to Popular High Yield Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Nuveen High Yield Municipal Bond Fund

Fund

$17.20

+0.18%

$18.58 B

0.00%

$0.00

-4.39%

-

Invesco High Yield Municipal Fund

Fund

$10.00

+0.10%

$9.63 B

-

$0.00

-2.91%

-

Goldman Sachs High Yield Municipal Fund

Fund

$10.25

+0.10%

$8.89 B

-

$0.00

-0.39%

-

MainStay MacKay High Yield Municipal Bond Fund

Fund

$12.97

+0.08%

$8.49 B

0.00%

$0.00

-0.08%

-

American High-Income Municipal Bond Fund®

Fund

$16.37

+0.12%

$7.74 B

-

$0.00

-0.43%

-

NOTAX - Profile

Distributions

  • YTD Total Return -1.5%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.72%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DWS Strategic High Yield Tax
  • Fund Family Name
    DWS
  • Inception Date
    May 01, 2000
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ashton Goodfield

NOTAX - Performance

Return Ranking - Trailing

Period NOTAX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -10.8% 3.9% 58.29%
1 Yr 0.4% -8.3% 5.2% 52.80%
3 Yr 2.9%* 1.4% 8.2% 83.09%
5 Yr 3.2%* 2.1% 7.6% 84.34%
10 Yr 3.9%* 3.1% 7.7% 90.54%

* Annualized

Return Ranking - Calendar

Period NOTAX Return Category Return Low Category Return High Rank in Category (%)
2019 4.3% -0.7% 11.7% 69.90%
2018 -4.6% -5.7% 95.6% 97.40%
2017 2.4% -0.7% 8.6% 79.41%
2016 -3.1% -6.7% -0.8% 50.62%
2015 -1.2% -4.0% 2.9% 91.61%

Total Return Ranking - Trailing

Period NOTAX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -10.8% 3.9% 58.29%
1 Yr -2.4% -8.3% 5.2% 76.64%
3 Yr 2.0%* 1.3% 8.2% 93.72%
5 Yr 2.6%* 1.9% 7.6% 91.41%
10 Yr 3.6%* 3.1% 7.7% 94.59%

* Annualized

Total Return Ranking - Calendar

Period NOTAX Return Category Return Low Category Return High Rank in Category (%)
2019 4.3% -0.7% 12.0% 69.90%
2018 -4.4% -5.7% 4.2% 97.40%
2017 2.5% -0.7% 9.8% 77.06%
2016 -3.0% -6.1% 1.1% 47.53%
2015 -1.1% -4.0% 5.3% 90.91%

NAV & Total Return History

NOTAX - Holdings

Concentration Analysis

NOTAX Category Low Category High NOTAX % Rank
Net Assets 983 M 478 K 18.6 B 48.39%
Number of Holdings 369 5 3470 58.72%
Net Assets in Top 10 110 M -38.2 M 2.4 B 49.54%
Weighting of Top 10 10.68% 4.8% 99.9% 75.69%

Top 10 Holdings

  1. M-S-R ENERGY AUTH CALIF GAS REV 7% 1.32%
  2. MATAGORDA CNTY TEX NAV DIST NO 1 POLLUTN CTL REV 4.4% 1.25%
  3. MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5.5% 1.21%
  4. AKRON BATH COPLEY OHIO JT TWP HOSP DIST REV 5.25% 1.17%
  5. SOUTH CAROLINA ST PUB SVCS AUTH REV 5.25% 1.16%
  6. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% 1.06%
  7. NEW JERSEY ECONOMIC DEV AUTH REV 5.5% 1.03%
  8. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.02%
  9. SOUTH CAROLINA ST PUB SVCS AUTH REV 5.75% 1.01%
  10. ARIZONA ST UNIV REVS 5% 0.98%

Asset Allocation

Weighting Return Low Return High NOTAX % Rank
Bonds 		99.86% 66.11% 143.82% 27.06%
Cash 		0.14% -1.34% 32.09% 67.89%
Stocks 		0.00% 0.00% 2.72% 20.64%
Preferred Stocks 		0.00% -43.98% 0.00% 8.26%
Other 		0.00% -1.80% 3.80% 22.94%
Convertible Bonds 		0.00% 0.00% 0.00% 8.72%

Bond Sector Breakdown

Weighting Return Low Return High NOTAX % Rank
Municipal 		99.86% 67.32% 100.00% 19.72%
Cash & Equivalents 		0.14% 0.00% 32.68% 76.15%
Derivative 		0.00% 0.00% 0.23% 11.47%
Securitized 		0.00% 0.00% 0.00% 8.72%
Corporate 		0.00% 0.00% 12.53% 37.61%
Government 		0.00% 0.00% 0.80% 15.14%

Bond Geographic Breakdown

Weighting Return Low Return High NOTAX % Rank
US 		94.86% 66.11% 136.78% 39.91%
Non US 		5.00% 0.00% 12.73% 49.54%

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% 44.65%
Management Fee 0.40% 0.00% 1.60% 11.01%
12b-1 Fee 0.25% 0.00% 1.00% 32.77%
Administrative Fee 0.10% 0.01% 0.35% 46.03%

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% 2.00% 314.00% 73.73%

NOTAX - Distributions

Dividend Yield Analysis

NOTAX Category Low Category High NOTAX % Rank
Dividend Yield 0.00% 0.00% 3.06% 12.39%

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% 44.44%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

NOTAX - Fund Manager Analysis

Managers

Ashton Goodfield

Start Date

Tenure

Tenure Rank

Oct 01, 2014

6.09

6.1%

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

2.35

2.4%

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

1.89

1.9%

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 22.6 7.04 0.94

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