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Morningstar

DWS Strategic High Yield Tax-Free Inst NOTIX

Morningstar Medalist Rating
Medalist Rating as of | See DWS Investment Hub
  • NAV / 1-Day Return 9.81  /  0.10 %
  • Total Assets 452.5 Mil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.630%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 4.37%
  • Effective Duration 7.62 years

USD | NAV as of Oct 04, 2023 | 1-Day Return as of Oct 04, 2023, 10:17 PM GMT+0

Morningstar’s Analysis NOTIX

Will NOTIX 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 NOTIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the NOTIX 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 NOTIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Solid, but more to prove.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Experienced managers remain at the helm at DWS Strategic High Yield Tax-Free after a few years of turnover, but it’s still too early to decide whether this reshaped group holds a durable edge over peers.

by Max Curtin
Rated on Published on

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Portfolio Holdings NOTIX

More NOTIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 316
  • Other Holdings 4
  • % Assets in Top 10 Holdings 13.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

METROPOLITAN TRANSN AUTH N Y REV 3.95%

2.19
10,900,000
municipal

M-S-R ENERGY AUTH CALIF GAS REV 7%

1.41
7,018,140
municipal

NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV 7.25%

1.39
6,902,225
municipal

PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.25%

1.36
6,758,668
municipal

FLORIDA DEV FIN CORP SR LIVING REV 5.25%

1.33
6,584,213
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

1.28
6,374,861
municipal

UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV 5.375%

1.18
5,884,371
municipal

JEFFERSON CNTY ALA SWR REV 0%

1.05
5,230,126
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.25%

1.05
5,197,078
municipal

OHIO ST HOSP REV 5%

1.03
5,128,597
municipal