DWS Strategic High Yield Tax-Free Inst (NOTIX)
| Fund Assets | 427.74M |
| Expense Ratio | 0.63% |
| Min. Investment | $1,000,000 |
| Turnover | 69.00% |
| Dividend (ttm) | 0.50 |
| Dividend Yield | 4.80% |
| Dividend Growth | 9.42% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 25, 2025 |
| Previous Close | 10.48 |
| YTD Return | -1.60% |
| 1-Year Return | -1.92% |
| 5-Year Return | 1.62% |
| 52-Week Low | 10.05 |
| 52-Week High | 11.02 |
| Beta (5Y) | n/a |
| Holdings | 277 |
| Inception Date | Aug 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.
Performance
NOTIX had a total return of -1.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.85%.
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 | $0.03814 | Aug 25, 2025 |
| Jul 25, 2025 | $0.04372 | Jul 25, 2025 |
| Jun 24, 2025 | $0.03924 | Jun 24, 2025 |
| May 23, 2025 | $0.0426 | May 23, 2025 |
| Apr 24, 2025 | $0.03909 | Apr 24, 2025 |
| Mar 25, 2025 | $0.03859 | Mar 25, 2025 |