DWS New York Tax (DNTIX)
| Fund Assets | 170.18M |
| Expense Ratio | 0.67% |
| Min. Investment | $1,000,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.40% |
| Dividend Growth | 6.47% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 25, 2025 |
| Previous Close | 9.70 |
| YTD Return | -2.92% |
| 1-Year Return | -4.12% |
| 5-Year Return | n/a |
| 52-Week Low | 9.28 |
| 52-Week High | 10.11 |
| Beta (5Y) | n/a |
| Holdings | 153 |
| 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 -4.12% in the past year, including dividends. Since the fund's inception, the average annual return has been -0.87%.
Top 10 Holdings
19.09% of assets| Name | Symbol | Weight |
|---|---|---|
| LIBERTY N Y DEV CORP REV 5.25% | NY.LBTDEV 5.25 10.01.2035 | 3.30% |
| Nuveen New York AMT-Free Quality Municipal Income Fund | NRK | 2.53% |
| METROPOLITAN TRANSN AUTH N Y REV 4% | NY.MTATRN 4 11.15.2034 | 2.06% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 6% | NY.NYTTRN 6 06.30.2054 | 1.80% |
| TRIBOROUGH BRDG & TUNL AUTH N Y PAYROLL MOBILITY TAX 5% | NY.TRBTRN 5 05.15.2047 | 1.79% |
| METROPOLITAN TRANSN AUTH N Y REV 5% | NY.MTATRN 11.15.2045 | 1.65% |
| TOMPKINS CNTY N Y DEV CORP REV 5% | NY.TOMDEV 5 07.01.2038 | 1.63% |
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% | NY.NYSHGR 5 10.01.2047 | 1.49% |
| NEW YORK LIBERTY DEV CORP LIBERTY REV 2.8% | NY.NYCDEV 2.8 09.15.2069 | 1.48% |
| YONKERS N Y INDL DEV AGY SCH FAC REV 4% | NY.YONEDU 4 05.01.2046 | 1.36% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 25, 2025 | $0.0269 | Aug 25, 2025 |
| Jul 25, 2025 | $0.03055 | Jul 25, 2025 |
| 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 |