DWS New York Tax (DNTIX)
| Fund Assets | 179.20M |
| Expense Ratio | 0.67% |
| Min. Investment | $1,000,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.18% |
| Dividend Growth | 6.43% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 24, 2025 |
| Previous Close | 9.37 |
| YTD Return | -4.04% |
| 1-Year Return | -3.74% |
| 5-Year Return | n/a |
| 52-Week Low | 9.28 |
| 52-Week High | 10.11 |
| Beta (5Y) | n/a |
| Holdings | 165 |
| Inception Date | Dec 1, 2020 |
About DNTIX
DWS New York Tax-Free Income Fund Institutional Class is an open-end mutual fund focused on providing a high level of current income exempt from federal, New York State, and New York City personal income taxes. The fund primarily invests its assets in municipal securities, ensuring that at least 80% of its portfolio, plus any borrowings, are allocated to securities whose income is free from regular federal and New York State personal income taxes. Additionally, at least 65% of assets are directed toward securities that are also exempt from New York City personal income taxes. The fund may allocate up to 20% of its assets to securities subject to the federal alternative minimum tax. Aimed at institutional investors, this class requires substantial initial investment and is designed to help institutional clients manage tax-exempt income needs, especially for organizations or individuals with significant exposure to New York taxes. The fund’s benchmark is the Bloomberg Municipal Bond Index, reflecting its focus within the broader U.S. municipal bond market. With a targeted portfolio duration in the intermediate range, the fund plays a notable role for investors seeking tax-advantaged income within the fixed income sector.
Performance
DNTIX had a total return of -3.74% in the past year, including dividends. Since the fund's inception, the average annual return has been -1.14%.
Top 10 Holdings
18.60% of assets| Name | Symbol | Weight |
|---|---|---|
| New York Liberty Development Corp - LIBERTY DEV CORP NY REVENUE | NY.LBTDEV 5.25 10.01.2035 | 3.06% |
| Nuveen New York AMT-Free Quality Municipal Income Fund | NRK | 2.68% |
| Metropolitan Transportation Authority - MET TRANSPRTN AUTH NY REVENUE | NY.MTATRN 4 11.15.2034 | 1.91% |
| New York Transportation Development Corp - NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE | NY.NYTTRN 6 06.30.2054 | 1.72% |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue - TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE | NY.TRITRN 5 05.15.2045 | 1.69% |
| Triborough Bridge & Tunnel Authority - TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX | NY.TRBTRN 5 05.15.2047 | 1.68% |
| Tompkins County Development Corp - TOMPKINS CNTY NY DEV CORP REVENUE | NY.TOMDEV 5 07.01.2038 | 1.57% |
| Metropolitan Transportation Authority - MET TRANSPRTN AUTH NY REVENUE | n/a | 1.52% |
| New York State Dormitory Authority - NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT | NY.NYSHGR 5 10.01.2047 | 1.40% |
| New York Liberty Development Corp - NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE | n/a | 1.37% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 24, 2025 | $0.02672 | Jun 24, 2025 |
| May 23, 2025 | $0.02922 | May 23, 2025 |
| Apr 24, 2025 | $0.02778 | Apr 24, 2025 |
| Mar 25, 2025 | $0.02641 | Mar 25, 2025 |
| Feb 24, 2025 | $0.02743 | Feb 24, 2025 |
| Jan 27, 2025 | $0.02863 | Jan 27, 2025 |