DWS New York Tax-Free Income Fund - Class C (KNTCX)
| Fund Assets | 179.20M |
| Expense Ratio | 1.67% |
| Min. Investment | $1,000 |
| Turnover | 46.00% |
| Dividend (ttm) | 0.21 |
| Dividend Yield | 2.22% |
| Dividend Growth | 10.97% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 24, 2025 |
| Previous Close | 9.38 |
| YTD Return | -4.18% |
| 1-Year Return | -4.14% |
| 5-Year Return | -7.61% |
| 52-Week Low | 9.29 |
| 52-Week High | 10.12 |
| Beta (5Y) | n/a |
| Holdings | 165 |
| Inception Date | May 31, 1994 |
About KNTCX
DWS New York Tax-Free Income Fund - Class C is a mutual fund that primarily seeks to deliver a high level of current income exempt from federal, New York State, and New York City personal income taxes. The fund invests at least 65% of its net assets in municipal securities and related instruments that are exempt from these taxes, making it particularly attractive for investors subject to high state and local taxation. Typical holdings include a diversified mix of municipal bonds issued by various entities within New York, spanning sectors such as education, infrastructure, and public services. With an inception date of May 1994 for this share class, the fund is managed by Deutsche Investment Management Americas Inc. and aims to serve residents seeking tax efficiency in their fixed income portfolios. This fund plays a significant role for investors seeking stable, tax-advantaged income streams within the municipal bond market, helping to fund essential public projects across the state while delivering income that is generally shielded from key local and federal taxes.
Performance
KNTCX had a total return of -4.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.98%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FEMIX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class I | 0.52% |
| FNMAX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class A | 0.75% |
| FTFMX | Fidelity | Fidelity New York Municipal Income Fund | 0.44% |
| FNYPX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class M | 0.71% |
| FNYCX | Fidelity | Fidelity Advisor NY Municipal Inc C | 1.45% |
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 | $0.01921 | Jun 24, 2025 |
| May 23, 2025 | $0.02093 | May 23, 2025 |
| Apr 24, 2025 | $0.01993 | Apr 24, 2025 |
| Mar 25, 2025 | $0.01855 | Mar 25, 2025 |
| Feb 24, 2025 | $0.01994 | Feb 24, 2025 |
| Jan 27, 2025 | $0.02074 | Jan 27, 2025 |