DWS Strategic High Yield Tax-Free S (SHYTX)

Fund Assets	403.52M
Expense Ratio	0.69%
Min. Investment	$2,500
Turnover	37.00%
Dividend (ttm)	0.50
Dividend Yield	5.08%
Dividend Growth	4.02%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 25, 2026

Previous Close	9.81
YTD Return	-3.38%
1-Year Return	-1.50%
5-Year Return	-4.54%
52-Week Low	9.72
52-Week High	10.66
Beta (5Y)	0.12
Holdings	259
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.

• Fund Family: DWS
• Category: High Yield Muni
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: SHYTX
• Share Class: Class S
• Index: Bloomberg Municipal Bond TR

Performance

SHYTX had a total return of -1.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.96%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
NOTIX	Institutional Class	0.69%
NOTAX	Class A	0.94%
NOTCX	Class C	1.69%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 25, 2026	$0.03904	Aug 25, 2026
Jul 27, 2026	$0.04475	Jul 27, 2026
Jun 24, 2026	$0.04122	Jun 24, 2026
May 22, 2026	$0.0409	May 22, 2026
Apr 24, 2026	$0.04565	Apr 24, 2026
Mar 25, 2026	$0.04017	Mar 25, 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:

Oct 2, 2026

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