DWS Intermediate Tax-Free Fund - Class Inst (SZMIX)
| Fund Assets | 711.32M |
| Expense Ratio | 0.49% |
| Min. Investment | $1,000,000 |
| Turnover | 48.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.27% |
| Dividend Growth | 5.85% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 21, 2025 |
| Previous Close | 11.03 |
| YTD Return | 3.88% |
| 1-Year Return | 2.56% |
| 5-Year Return | 6.03% |
| 52-Week Low | 10.35 |
| 52-Week High | 11.07 |
| Beta (5Y) | 0.22 |
| Holdings | 309 |
| 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 2.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.46%.
Top 10 Holdings
11.87% of assets| Name | Symbol | Weight |
|---|---|---|
| DENVER COLO CITY & CNTY ARPT REV 5% | CO.DENAPT 5 12.01.2035 | 1.50% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | GA.MAIUTL 05.01.2052 | 1.46% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA COMMODITY SUPPLY REV 5% | AL.SEEPWR 01.01.2054 | 1.30% |
| MONTGOMERY CNTY PA INDL DEV AUTH REV 5% | n/a | 1.24% |
| CALIFORNIA HSG FIN AGY MULTIFAMILY GREEN TAX-EXEMPT MTG-BKD BDS 2.35% | CA.CASHSG 2.35 12.01.2035 | 1.15% |
| UTILITY DEBT SECURITIZATION AUTH N Y 5% | n/a | 1.13% |
| PORT SEATTLE WASH REV 5.25% | n/a | 1.08% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | CA.SFOAPT 5 05.01.2035 | 1.06% |
| ATLANTA GA WTR & WASTEWTR REV 5.25% | GA.ATLUTL 5.25 11.01.2027 | 1.00% |
| ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.5% | AL.ESDPWR 11.01.2053 | 0.95% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 21, 2025 | $0.02805 | Nov 21, 2025 |
| 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 |