DWS Strategic High Yield Tax-Free A (NOTAX)
| Fund Assets | 427.74M |
| Expense Ratio | 0.88% |
| Min. Investment | $1,000 |
| Turnover | 69.00% |
| Dividend (ttm) | 0.48 |
| Dividend Yield | 4.42% |
| Dividend Growth | 10.16% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 25, 2025 |
| Previous Close | 10.46 |
| YTD Return | -1.54% |
| 1-Year Return | -1.98% |
| 5-Year Return | 0.84% |
| 52-Week Low | 10.04 |
| 52-Week High | 11.01 |
| Beta (5Y) | 0.36 |
| Holdings | 277 |
| Inception Date | May 1, 2000 |
About NOTAX
DWS Strategic High Yield Tax-Free Fund - Class A is a mutual fund designed to generate a high level of income that is exempt from regular federal income tax. The fund achieves its objective by investing at least 80% of its net assets in a diversified portfolio of municipal securities issued by municipalities throughout the United States, as well as in other investments whose income is federally tax-free. Managed by Deutsche DWS, this fund focuses on the high yield municipal bond segment, typically targeting bonds with greater income potential, which may involve higher credit risk relative to investment-grade municipals. Notable features include a monthly dividend payout and a primary emphasis on risk-managed exposure to municipal debt, aiming to limit volatility and provide downside mitigation during weaker markets. The fund holds a broad basket of over 290 securities and maintains an expense ratio around 0.88%. Its assets total over $480 million. DWS Strategic High Yield Tax-Free Fund - Class A plays a significant role for investors seeking tax-advantaged, income-oriented diversification within the fixed income portion of their portfolios, particularly those in higher tax brackets who benefit from municipal bond tax exemptions.
Performance
NOTAX had a total return of -1.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.97%.
Top 10 Holdings
13.35% of assets| Name | Symbol | Weight |
|---|---|---|
| M-S-R ENERGY AUTH CALIF GAS REV 7% | CA.MSRPWR 7 11.01.2034 | 1.63% |
| HAWAII ST DEPT BUDGET & FIN SPL PURP REV 2.35% | HI.HISGEN 07.01.2060 | 1.56% |
| FLORIDA DEV FIN CORP SR LIVING REV 5.25% | FL.FLSHSG 5.25 11.15.2056 | 1.46% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% | PR.PRCGEN 4.75 07.01.2053 | 1.46% |
| PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.25% | CO.PUBUTL 6.25 11.15.2028 | 1.33% |
| OHIO ST HOSP REV 5% | OH.OHSMED 5 12.01.2048 | 1.23% |
| PUBLIC FIN AUTH WIS EDL FAC REV 6.5% | WI.PUBFIN 6.5 06.01.2045 | 1.23% |
| PUBLIC FIN AUTH WIS HOTEL REV 6% | WI.PUBGEN 6 02.01.2062 | 1.21% |
| MASSACHUSETTS DEV FIN AGY SR LIVING REV 6.5% | MA.MASFAC 6.5 07.15.2060 | 1.15% |
| AURORA HIGHLANDS CMNTY AUTH BRD COLO SPL TAX REV 5.75% | CO.AHIDEV 5.75 12.01.2051 | 1.09% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 25, 2025 | $0.03608 | Aug 25, 2025 |
| Jul 25, 2025 | $0.04134 | Jul 25, 2025 |
| Jun 24, 2025 | $0.03719 | Jun 24, 2025 |
| May 23, 2025 | $0.04029 | May 23, 2025 |
| Apr 24, 2025 | $0.0369 | Apr 24, 2025 |
| Mar 25, 2025 | $0.03628 | Mar 25, 2025 |