Morningstar

DWS Intermediate Tax-Free Fund - Class C SZMCX

Morningstar Medalist Rating
Medalist Rating as of | See DWS Investment Hub
  • NAV / 1-Day Return 11.03  /  −0.09 %
  • Total Assets 689.1M
  • Adj. Expense Ratio
    1.380%
  • Expense Ratio 1.490%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.39%
  • Effective Duration 6.42 years

USD | NAV as of Jun 11, 2026 | 1-Day Return as of Jun 11, 2026, 2:14 AM GMT+0

Morningstar’s Analysis SZMCX

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

  • People Pillar

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

This team is on the right path but has more to prove.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

DWS Intermediate Tax-Free’s managers execute a solid collaborative process, but they need to show more consistency in strong decision-making over a variety of market cycles.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings SZMCX

More SZMCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

DENVER COLO CITY & CNTY ARPT REV 5%

1.50 10M
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

1.47 10M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA COMMODITY SUPPLY REV 5%

1.30 9M
municipal

MONTGOMERY CNTY PA INDL DEV AUTH REV 5%

1.24 9M
municipal

UTILITY DEBT SECURITIZATION AUTH N Y 5%

1.13 8M
municipal

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

1.11 8M
municipal

PORT SEATTLE WASH REV 5.25%

1.09 8M
municipal

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

1.06 7M
municipal

ATLANTA GA WTR & WASTEWTR REV 5.25%

1.01 7M
municipal

ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV 5.5%

0.93 6M
municipal

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