DWS Strategic High Yield Tax-Free Fund - Class Inst (NOTIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
10.09
0.00 (0.00%)
Jul 24, 2025, 4:00 PM EDT
Fund Assets436.27M
Expense Ratio0.63%
Min. Investment$1,000,000
Turnover58.00%
Dividend (ttm)0.50
Dividend Yield4.96%
Dividend Growth10.71%
Payout FrequencyMonthly
Ex-Dividend DateJun 24, 2025
Previous Close10.09
YTD Return-5.27%
1-Year Return-3.21%
5-Year Return-1.16%
52-Week Low10.05
52-Week High11.02
Beta (5Y)n/a
Holdings286
Inception DateAug 19, 2002

About NOTIX

DWS Strategic High Yield Tax-Free Fund – Institutional Class is a mutual fund focused on providing a high level of income that is exempt from regular federal income tax. Designed for institutional investors, this fund primarily invests at least 80% of its assets in municipal securities from issuers across the United States, targeting those whose interest payments are federally tax-free. A distinguishing feature is its allocation to high-yield municipal bonds—often referred to as "junk bonds"—which can offer greater income in exchange for higher credit risk. Up to 20% of assets may be invested in securities subject to the alternative minimum tax. The fund’s portfolio is diversified across hundreds of municipal holdings, including revenue and general obligation bonds from sectors such as utilities, education, healthcare, and transportation. Its credit profile is varied, spanning investment-grade to below-investment-grade and non-rated bonds, and it employs seasoned managers with decades of experience in municipal markets. The fund distributes income monthly and is noted for its relatively high distribution rate within the high-yield municipal bond category. By focusing on tax-exempt bonds, the fund serves investors seeking federal tax-advantaged income, particularly those with higher tax liabilities who prioritize after-tax returns from municipal securities.

Fund Family DWS
Category High Yield Muni
Stock Exchange NASDAQ
Ticker Symbol NOTIX
Share Class Institutional Class
Index Bloomberg Municipal Bond TR

Performance

NOTIX had a total return of -3.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.70%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
SHYTXClass S0.63%
NOTAXClass A0.88%
NOTCXClass C1.63%

Top 10 Holdings

12.55% of assets
NameSymbolWeight
M-S-R Energy Authority - M-S-R CA ENERGY AUTH GAS REVENUECA.MSRPWR 7 11.01.20341.53%
Florida Development Finance Corp - FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUEFL.FLSHSG 5.25 11.15.20561.41%
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue - PUERTO RICO SALES TAX FING CORP SALES TAX REVENUEPR.PRCGEN 4.75 07.01.20531.40%
Public Authority for Colorado Energy - PUBLIC AUTH FOR COLORADO ST ENERGY NATURAL GAS PURCHASE REVECO.PUBUTL 6.25 11.15.20281.25%
State of Ohio - OHIO ST HOSP REVENUEOH.OHSMED 5 12.01.20481.18%
New York City Transitional Finance Authority - NEW YORK NY CITY TRANSITIONAL FIN AUTH REVNY.NYCGEN 5.25 05.01.20481.18%
State of California - CALIFORNIA STn/a1.18%
Public Finance Authority - PUBLIC FIN AUTH WI HOTEL REVENUEWI.PUBGEN 6 02.01.20621.15%
Public Finance Authority - PUBLIC FIN AUTH WI EDUCTNL FAC REVENUEWI.PUBFIN 6.5 06.01.20451.15%
County of Spokane WA Airport Revenue - SPOKANE CNTY WA ARPT REVENUEWA.SPOAPT 5.25 01.01.20541.13%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jun 24, 2025$0.03924Jun 24, 2025
May 23, 2025$0.0426May 23, 2025
Apr 24, 2025$0.03909Apr 24, 2025
Mar 25, 2025$0.03859Mar 25, 2025
Mar 12, 2025$0.0217Mar 13, 2025
Feb 24, 2025$0.0404Feb 24, 2025
Full Dividend History