DWS Strategic High Yield Tax-Free Fund - Class S (SHYTX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
10.11
+0.04 (0.40%)
Jul 21, 2025, 12:19 PM EDT
0.40%
Fund Assets436.27M
Expense Ratio0.63%
Min. Investment$2,500
Turnover58.00%
Dividend (ttm)0.50
Dividend Yield4.97%
Dividend Growth10.95%
Payout FrequencyMonthly
Ex-Dividend DateJun 24, 2025
Previous Close10.07
YTD Return-4.89%
1-Year Return-2.83%
5-Year Return-0.76%
52-Week Low10.05
52-Week High11.01
Beta (5Y)n/a
Holdings286
Inception DateJan 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.

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

Performance

SHYTX had a total return of -2.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.97%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
NOTIXInstitutional Class0.63%
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$0.03923Jun 24, 2025
May 23, 2025$0.04257May 23, 2025
Apr 24, 2025$0.03907Apr 24, 2025
Mar 25, 2025$0.03865Mar 25, 2025
Mar 12, 2025$0.0217Mar 13, 2025
Feb 24, 2025$0.04039Feb 24, 2025
Full Dividend History