DWS Intermediate Tax-Free Inst (SZMIX)
| Fund Assets | 711.32M |
| Expense Ratio | 0.49% |
| Min. Investment | $1,000,000 |
| Turnover | 48.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 2.96% |
| Dividend Growth | 4.77% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 27, 2025 |
| Previous Close | 11.05 |
| YTD Return | 1.73% |
| 1-Year Return | 1.98% |
| 5-Year Return | 3.01% |
| 52-Week Low | 10.56 |
| 52-Week High | 11.10 |
| Beta (5Y) | 0.22 |
| Holdings | 306 |
| 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 1.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.01%.
Top 10 Holdings
12.71% of assets| Name | Symbol | Weight |
|---|---|---|
| Michigan Finance Authority - MICHIGAN ST FIN AUTH REVENUE | MI.MISFIN 5 11.15.2031 | 1.56% |
| City of Atlanta GA Water & Wastewater Revenue - ATLANTA GA WTR & WSTWTR REVENUE | GA.ATLUTL 5.25 11.01.2027 | 1.48% |
| City & County of Denver CO Airport System Revenue - DENVER CITY & CNTY CO ARPT REVENUE | CO.DENAPT 5 12.01.2035 | 1.47% |
| MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE | GA.MAIUTL 05.01.2052 | 1.45% |
| Southeast Energy Authority A Cooperative District - SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV | AL.SEEPWR 01.01.2054 | 1.28% |
| Montgomery County Industrial Development Authority/PA - MONTGOMERY CNTY PA INDL DEV AUTH | PA.MONDEV 5 12.01.2033 | 1.23% |
| California Housing Finance Agency - CALIFORNIA ST HSG FIN AGY MULTIFAMILY GREEN TAX EXEMPT | CA.CASHSG 2.35 12.01.2035 | 1.10% |
| Utility Debt Securitization Authority - UTILITY DEBT SECURITIZATION AUTH NY | n/a | 1.08% |
| San Francisco City & County Airport Comm-San Francisco International Airport - SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV | n/a | 1.03% |
| PORT OF SEATTLE WA REVENUE | n/a | 1.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 27, 2025 | $0.03336 | Oct 27, 2025 |
| Sep 24, 2025 | $0.03135 | Sep 24, 2025 |
| 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 |