Morningstar

DWS Intermediate Tax-Free Fund - Class A SZMAX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $10.63  /  +0.66 %
  • Fund Size $675.1M
  • Adjusted Expense Ratio 0.630%
  • Net Expense Ratio 0.720%
  • Fee Level: Distribution Low
  • Share Class Type Front Load
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.38%
  • Average Effective Duration 5.94 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis SZMAX

Will SZMAX outperform in the 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 SZMAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

No red flags, but no clear edge, either.

Principal Maciej Kowara

Maciej Kowara

Principal

Summary

DWS Intermediate Tax-Free is a competently run, revenue-sector-tilted national intermediate muni fund that has yet to distinguish itself over long horizons.

by Maciej Kowara
Rated on Published on

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Portfolio Holdings SZMAX

More SZMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DENVER COLO CITY & CNTY ARPT REV 5%

1.48 10M
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.46 10M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA COMMODITY SUPPLY REV 5%

1.28 9M
municipal

MONTGOMERY CNTY PA INDL DEV AUTH REV 5%

1.24 9M
municipal

UTILITY DEBT SECURITIZATION AUTH N Y 5%

1.10 8M
municipal

CALIFORNIA HSG FIN AGY MULTIFAMILY GREEN TAX-EXEMPT MTG-BKD BDS 2.35%

1.07 7M
municipal

PORT SEATTLE WASH REV 5.25%

1.06 7M
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

1.05 7M
municipal

ATLANTA GA WTR & WASTEWTR REV 5.25%

1.00 7M
municipal

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.5%

0.92 6M
municipal

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