DWS Strategic High Yield Tax-Free Fund - Class S (SHYTX)
| Fund Assets | 429.02M |
| Expense Ratio | 0.63% |
| Min. Investment | $2,500 |
| Turnover | 69.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 4.47% |
| Dividend Growth | 9.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 23, 2026 |
| Previous Close | 10.56 |
| YTD Return | 0.28% |
| 1-Year Return | 1.03% |
| 5-Year Return | 5.01% |
| 52-Week Low | 9.77 |
| 52-Week High | 10.66 |
| Beta (5Y) | n/a |
| Holdings | 279 |
| Inception Date | Jan 22, 1987 |
About SHYTX
DWS Strategic High Yield Tax-Free Fund - Class S is a mutual fund focused on generating a high level of income that is exempt from regular federal income tax. The fund primarily invests in municipal bonds issued by various municipalities across the United States, targeting at least 80% of its net assets to securities whose income is federally tax-free. A notable feature of the fund is its allocation to high yield, or below investment grade, municipal debt, commonly known as "junk bonds," which offer potentially higher returns but involve greater credit risk. Up to 20% of assets may be invested in securities affected by the federal alternative minimum tax. The portfolio is broadly diversified, comprising hundreds of holdings across various states, with significant exposure to revenue bonds. The fund holds a mix of credit qualities, including a significant portion in lower-rated or non-rated securities, aiming to enhance yield. Managed by a seasoned team, the fund has a long track record dating back to 1987, and it distributes income monthly. DWS Strategic High Yield Tax-Free Fund - Class S plays a distinct role for investors seeking tax-advantaged income through exposure to the municipal high yield market, blending income potential with credit and interest rate risk management.
Performance
SHYTX had a total return of 1.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.71%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 23, 2026 | $0.03948 | Feb 23, 2026 |
| Jan 27, 2026 | $0.04489 | Jan 27, 2026 |
| Dec 24, 2025 | $0.04248 | Dec 24, 2025 |
| Nov 21, 2025 | $0.03708 | Nov 21, 2025 |
| Oct 27, 2025 | $0.04366 | Oct 27, 2025 |
| Sep 24, 2025 | $0.04089 | Sep 24, 2025 |