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Morningstar

DWS Intermediate Tax-Free A SZMAX

Morningstar Medalist Rating
Medalist Rating as of | See DWS Investment Hub
  • NAV / 1-Day Return 10.89  /  0.19 %
  • Total Assets 771.5 Mil
  • Adj. Expense Ratio
    0.740%
  • Expense Ratio 0.740%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.68%
  • Effective Duration 5.38 years

USD | NAV as of Dec 06, 2023 | 1-Day Return as of Dec 06, 2023, 11:15 PM GMT+0

Morningstar’s Analysis SZMAX

Will SZMAX 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 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.

Solid, but more to prove.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Experienced managers remain at the helm at DWS Intermediate 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 its peers.

by Max Curtin
Rated on Published on

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Portfolio Holdings SZMAX

More SZMAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 286
  • Other Holdings 5
  • % Assets in Top 10 Holdings 13.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 21ST CENTY COLLEGE & EQUIP PROG

2.51
18,810,875
municipal

MICHIGAN FIN AUTH REV 5%

1.44
10,793,018
municipal

ATLANTA GA WTR & WASTEWTR REV 5.25%

1.39
10,409,431
municipal

DENVER COLO CITY & CNTY ARPT REV 5%

1.33
10,010,395
municipal

NEW YORK ST TWY AUTH GEN REV 5%

1.33
10,006,113
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.25
9,380,807
municipal

PHILADELPHIA PA SCH DIST 5%

1.22
9,128,542
municipal

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5%

1.18
8,867,197
municipal

BURKE CNTY GA DEV AUTH POLLUTN CTL REV 3.25%

1.15
8,601,298
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA COMMODITY SUPPLY REV 5%

1.12
8,437,337
municipal