DWS Intermediate Tax-Free Inst (SZMIX)
| Fund Assets | 699.69M |
| Expense Ratio | 0.49% |
| Min. Investment | $1,000,000 |
| Turnover | 48.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.22% |
| Dividend Growth | 5.09% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 25, 2025 |
| Previous Close | 10.98 |
| YTD Return | 1.09% |
| 1-Year Return | 0.57% |
| 5-Year Return | 2.30% |
| 52-Week Low | 10.56 |
| 52-Week High | 11.16 |
| Beta (5Y) | 0.21 |
| Holdings | 317 |
| Inception Date | Dec 20, 2004 |
About SZMIX
DWS Intermediate Tax-Free Fund – Institutional Class is an open-end municipal bond mutual fund focused on generating a high level of income exempt from regular federal income taxes while seeking to limit principal fluctuation. The portfolio primarily holds intermediate-term securities issued by municipalities across the United States, maintaining at least 80% of net assets in tax-exempt municipal instruments under normal conditions. Managed by DWS, a global asset manager, the strategy may also allocate a portion to securities subject to the federal alternative minimum tax, reflecting a balanced approach to credit and duration within the national intermediate muni category. The Institutional Class is tailored to qualified institutions and features a high minimum initial investment alongside a competitive expense profile typical for its share class. The fund’s role in the market is to provide tax-efficient income with intermediate interest-rate sensitivity, serving as a core municipal allocation for investors seeking federally tax-exempt distributions and diversified exposure to state and local issuers across sectors such as utilities, transportation, education, and essential services.
Performance
SZMIX had a total return of 0.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.00%.
Top 10 Holdings
12.51% of assets| Name | Symbol | Weight |
|---|---|---|
| MICHIGAN FIN AUTH REV 5% | MI.MISFIN 5 11.15.2031 | 1.56% |
| ATLANTA GA WTR & WASTEWTR REV 5.25% | GA.ATLUTL 5.25 11.01.2027 | 1.47% |
| DENVER COLO CITY & CNTY ARPT REV 5% | CO.DENAPT 5 12.01.2035 | 1.46% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | GA.MAIUTL 05.01.2052 | 1.43% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA COMMODITY SUPPLY REV 5% | AL.SEEPWR 01.01.2054 | 1.27% |
| MONTGOMERY CNTY PA INDL DEV AUTH REV 5% | PA.MONDEV 5 12.01.2033 | 1.22% |
| CALIFORNIA HSG FIN AGY MULTIFAMILY GREEN TAX-EXEMPT MTG-BKD BDS 2.35% | CA.CASHSG 2.35 12.01.2035 | 1.08% |
| UTILITY DEBT SECURITIZATION AUTH N Y 5% | NY.UTLUTL 5 12.15.2038 | 1.08% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | CA.SFOAPT 5 05.01.2035 | 1.02% |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.5% | AL.ESDPWR 11.01.2053 | 0.92% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 25, 2025 | $0.02833 | Aug 25, 2025 |
| Jul 25, 2025 | $0.03261 | Jul 25, 2025 |
| Jun 24, 2025 | $0.02931 | Jun 24, 2025 |
| May 23, 2025 | $0.03109 | May 23, 2025 |
| Apr 24, 2025 | $0.02969 | Apr 24, 2025 |
| Mar 25, 2025 | $0.02773 | Mar 25, 2025 |