DWS Strategic High Yield Tax-Free Fund - Class A (NOTAX)

Fund Assets	403.52M
Expense Ratio	0.94%
Min. Investment	$1,000
Turnover	37.00%
Dividend (ttm)	0.47
Dividend Yield	4.81%
Dividend Growth	4.32%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 25, 2026

Previous Close	9.80
YTD Return	-3.95%
1-Year Return	-2.14%
5-Year Return	-5.85%
52-Week Low	9.71
52-Week High	10.65
Beta (5Y)	0.38
Holdings	259
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.

• Fund Family: DWS
• Category: High Yield Muni
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: NOTAX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

NOTAX had a total return of -2.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.85%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
NOTIX	Institutional Class	0.69%
SHYTX	Class S	0.69%
NOTCX	Class C	1.69%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 25, 2026	$0.03694	Aug 25, 2026
Jul 27, 2026	$0.04233	Jul 27, 2026
Jun 24, 2026	$0.039	Jun 24, 2026
May 22, 2026	$0.03869	May 22, 2026
Apr 24, 2026	$0.04323	Apr 24, 2026
Mar 25, 2026	$0.03798	Mar 25, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 2, 2026

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