DWS Strategic High Yield Tax-Free Fund - Class S (SHYTX)
| Fund Assets | 436.27M |
| Expense Ratio | 0.63% |
| Min. Investment | $2,500 |
| Turnover | 58.00% |
| Dividend (ttm) | 0.50 |
| Dividend Yield | 4.97% |
| Dividend Growth | 10.95% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 24, 2025 |
| Previous Close | 10.07 |
| YTD Return | -4.89% |
| 1-Year Return | -2.83% |
| 5-Year Return | -0.76% |
| 52-Week Low | 10.05 |
| 52-Week High | 11.01 |
| Beta (5Y) | n/a |
| Holdings | 286 |
| 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 -2.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.97%.
Top 10 Holdings
12.55% of assets| Name | Symbol | Weight |
|---|---|---|
| M-S-R Energy Authority - M-S-R CA ENERGY AUTH GAS REVENUE | CA.MSRPWR 7 11.01.2034 | 1.53% |
| Florida Development Finance Corp - FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE | FL.FLSHSG 5.25 11.15.2056 | 1.41% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue - PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE | PR.PRCGEN 4.75 07.01.2053 | 1.40% |
| Public Authority for Colorado Energy - PUBLIC AUTH FOR COLORADO ST ENERGY NATURAL GAS PURCHASE REVE | CO.PUBUTL 6.25 11.15.2028 | 1.25% |
| State of Ohio - OHIO ST HOSP REVENUE | OH.OHSMED 5 12.01.2048 | 1.18% |
| New York City Transitional Finance Authority - NEW YORK NY CITY TRANSITIONAL FIN AUTH REV | NY.NYCGEN 5.25 05.01.2048 | 1.18% |
| State of California - CALIFORNIA ST | n/a | 1.18% |
| Public Finance Authority - PUBLIC FIN AUTH WI HOTEL REVENUE | WI.PUBGEN 6 02.01.2062 | 1.15% |
| Public Finance Authority - PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE | WI.PUBFIN 6.5 06.01.2045 | 1.15% |
| County of Spokane WA Airport Revenue - SPOKANE CNTY WA ARPT REVENUE | WA.SPOAPT 5.25 01.01.2054 | 1.13% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 24, 2025 | $0.03923 | Jun 24, 2025 |
| May 23, 2025 | $0.04257 | May 23, 2025 |
| Apr 24, 2025 | $0.03907 | Apr 24, 2025 |
| Mar 25, 2025 | $0.03865 | Mar 25, 2025 |
| Mar 12, 2025 | $0.0217 | Mar 13, 2025 |
| Feb 24, 2025 | $0.04039 | Feb 24, 2025 |