The upcoming departure of Ashton Goodfield, lead manager and head of the firm’s municipal bond team, casts some uncertainty on DWS Strategic High Yield Tax Free. It receives a Morningstar Analyst Rating of Neutral for most share classes and a Negative rating for its more expensive C share class.
DWS Strategic High Yield Tax-Free C NOTCX
NAV / 1-Day Return
12.46
/
0.06
%
Total Assets
994.0 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.600%
Expense Ratio
1.630%
Fee Level
Average
Longest Manager Tenure
3.56
years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
—Min. Initial Investment
1,000
Status
Open
TTM Yield
2.45%
Effective Duration
—
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will NOTCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NOTCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the NOTCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of NOTCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A change in the fund's leadership calls for a wait-and-see policy.
