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

Fund Assets	385.01M
Expense Ratio	0.669%
Min. Investment	$1,000,000
Turnover	37.00%
Dividend (ttm)	0.50
Dividend Yield	4.96%
Dividend Growth	3.66%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 24, 2026

Previous Close	10.10
YTD Return	-0.42%
1-Year Return	0.14%
5-Year Return	-0.98%
52-Week Low	9.72
52-Week High	10.66
Beta (5Y)	0.13
Holdings	262
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.

• Fund Family: DWS
• Category: Unclassified
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: NOTIX
• Share Class: Institutional Class
• Index: Bloomberg Municipal Bond TR

Performance

NOTIX had a total return of 0.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.89%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
SHYTX	Class S	0.69%
NOTAX	Class A	0.94%
NOTCX	Class C	1.69%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 24, 2026	$0.04167	Sep 24, 2026
Aug 25, 2026	$0.03905	Aug 25, 2026
Jul 27, 2026	$0.04476	Jul 27, 2026
Jun 24, 2026	$0.04123	Jun 24, 2026
May 22, 2026	$0.04092	May 22, 2026
Apr 24, 2026	$0.04566	Apr 24, 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:

Nov 3, 2026

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