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DWS Intermediate Tax-Free Fund
mutual fund
SCMTX
Payout Change
Pending
Price as of:
$10.9
+0.0
+0.0%
primary theme
Municipal Bond
share class
SCMTX (Mutual Fund)
DWS Intermediate Tax-Free Fund
Payout Change
Pending
Price as of:
$10.9
+0.0
+0.0%
primary theme
Municipal Bond
share class
SCMTX (Mutual Fund)
DWS Intermediate Tax-Free Fund
Payout Change
Pending
Price as of:
$10.9
+0.0
+0.0%
primary theme
Municipal Bond
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.8%
1 yr return
2.0%
3 Yr Avg Return
-0.1%
5 Yr Avg Return
1.2%
Net Assets
$770 M
Holdings in Top 10
12.7%
52 WEEK LOW AND HIGH
$10.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SCMTX - Profile
Distributions
- YTD Total Return 1.8%
- 3 Yr Annualized Total Return -0.1%
- 5 Yr Annualized Total Return 1.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.58%
- Dividend Yield 3.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDWS Intermediate Tax-Free Fund
-
Fund Family NameDWS Funds
-
Inception DateApr 12, 1983
-
Shares OutstandingN/A
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Caggiano
Fund Description
Main investments. Under normal circumstances, the fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in securities issued by municipalities across the United States and in other securities whose income is free from regular federal income tax and alternative minimum tax (AMT). The fund may invest up to 20% of net assets in securities whose income is subject to AMT.The fund can buy many types of municipal securities of all maturities. These may include revenue bonds (which are backed by revenues from a particular source) and general obligation bonds (which are typically backed by the issuer's ability to levy taxes). They may also include municipal lease obligations and investments representing an interest therein.This fund normally invests at least 65% of total assets in municipal securities rated in the three highest credit rating categories or, if unrated, determined by the Advisor to be of similar quality. The fund can invest up to 35% of total assets in debt securities rated in the fourth highest credit rating category, which is still considered investment-grade, or, if unrated, determined by the Advisor to be of similar quality. The fund may invest up to 20% of total assets in high yield debt securities (commonly referred to as junk bonds), which are those rated below the fourth highest rating category (i.e., grade BB/Ba and below), or, if unrated, determined by the Advisor to be of similar quality. Compared to investment grade debt securities, junk bonds generally pay higher yields, have higher volatility and higher risk of default on payments of interest or principal.The fund may use forward delivery bonds, which are bonds priced on a determined date but that are not issued and settled until a later period (ranging from several weeks to more than a year). Forward delivery bonds with settlement dates greater than 35 days are treated as derivatives by the fund and are subject to the fund's policies and procedures with respect to derivatives. Forward delivery bonds with settlement dates greater than 35 days generally are used for non-hedging purposes to seek to enhance potential gains.Management process. Portfolio management looks for securities that appear to offer the best opportunity to meet the fund's objective. In making its buy and sell decisions, portfolio management typically weighs a number of factors against each other, from economic outlooks and possible interest rate movements to changes in supply and demand within the municipal bond market. When evaluating any individual security and its issuer, portfolio management may consider a number of factors including the security’s credit quality and terms, such as coupon, maturity date and call date, as well as the issuer’s capital structure, leverage, and ability to meet its current obligations. Portfolio management generally also considers financially material environmental, social, and governance (ESG) factors, when available. Such factors may include, but are not limited to, exposure to climate change risks, income levels and unemployment data, and an issuer’s governance structure and practices.Although portfolio management may adjust the dollar-weighted average effective maturity of the fund’s portfolio between three and ten years, it generally intends to keep it between five and ten years. In determining the dollar-weighted average effective maturity, portfolio management uses a security’s stated maturity or, if applicable, an earlier date on which portfolio management believes it is probable that a maturity-shortening device (such as a call, a put, prerefunding, prepayment or redemption provision, or a demand feature) will cause the security to be repaid earlier than the stated maturity date.
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SCMTX - Performance
Return Ranking - Trailing
| Period | SCMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.8% | -7.3% | 37.5% | 44.86% |
| 1 Yr | 2.0% | -7.4% | 37.6% | 41.03% |
| 3 Yr | -0.1%* | -11.8% | 5.1% | 22.34% |
| 5 Yr | 1.2%* | -7.4% | 1103.2% | 15.98% |
| 10 Yr | 1.9%* | -1.1% | 248.8% | 33.18% |
* Annualized
Return Ranking - Calendar
| Period | SCMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.8% | -1.4% | 41.0% | 49.29% |
| 2022 | -9.7% | -39.7% | 0.3% | 33.65% |
| 2021 | -1.0% | -5.6% | 6.9% | 76.01% |
| 2020 | 1.5% | -2.6% | 310.0% | 59.17% |
| 2019 | 2.8% | 0.0% | 26.0% | 82.22% |
Total Return Ranking - Trailing
| Period | SCMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.8% | -7.3% | 37.5% | 44.86% |
| 1 Yr | 2.0% | -7.4% | 37.6% | 41.03% |
| 3 Yr | -0.1%* | -11.8% | 5.1% | 22.34% |
| 5 Yr | 1.2%* | -7.4% | 1103.2% | 15.98% |
| 10 Yr | 1.9%* | -1.1% | 248.8% | 33.18% |
* Annualized
Total Return Ranking - Calendar
| Period | SCMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.9% | -1.3% | 41.0% | 45.59% |
| 2022 | -7.3% | -39.7% | 1.1% | 29.35% |
| 2021 | 1.4% | -4.8% | 23761504.0% | 54.36% |
| 2020 | 4.9% | -1.5% | 17057.9% | 18.77% |
| 2019 | 6.4% | 0.2% | 3514.6% | 54.36% |
NAV & Total Return History
SCMTX - Holdings
Concentration Analysis
| SCMTX | Category Low | Category High | SCMTX % Rank | |
|---|---|---|---|---|
| Net Assets | 770 M | 3.22 M | 71.9 B | 36.16% |
| Number of Holdings | 307 | 4 | 13418 | 39.42% |
| Net Assets in Top 10 | 95 M | -317 M | 3.09 B | 45.94% |
| Weighting of Top 10 | 12.68% | 1.8% | 100.3% | 73.25% |
Top 10 Holdings
- MICHIGAN ST FIN AUTH REVENUE 1.48%
- ATLANTA GA WTR WSTWTR REVENUE 1.41%
- DENVER CITY CNTY CO ARPT REVENUE 1.40%
- MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE 1.35%
- PHILADELPHIA PA SCH DIST 1.24%
- SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE 1.21%
- NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT 1.19%
- BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE 1.17%
- MONTGOMERY CNTY PA INDL DEV AUTH 1.15%
- UTILITY DEBT SECURITIZATION AUTH NY 1.08%
Asset Allocation
| Weighting | Return Low | Return High | SCMTX % Rank | |
|---|---|---|---|---|
| Bonds | 101.24% | 0.00% | 150.86% | 10.07% |
| Cash | 0.01% | -50.86% | 44.62% | 82.34% |
| Stocks | 0.00% | 0.00% | 99.77% | 83.76% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 82.61% |
| Other | 0.00% | -3.69% | 53.54% | 82.27% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 84.90% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SCMTX % Rank | |
|---|---|---|---|---|
| Municipal | 98.70% | 44.39% | 100.00% | 44.37% |
| Government | 0.83% | 0.00% | 52.02% | 1.96% |
| Cash & Equivalents | 0.01% | 0.00% | 44.41% | 54.06% |
| Derivative | 0.00% | -3.69% | 53.54% | 81.46% |
| Securitized | 0.00% | 0.00% | 5.93% | 83.55% |
| Corporate | 0.00% | 0.00% | 9.41% | 87.19% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SCMTX % Rank | |
|---|---|---|---|---|
| US | 101.24% | 0.00% | 142.23% | 9.94% |
| Non US | 0.00% | 0.00% | 23.89% | 82.74% |
SCMTX - Expenses
Operational Fees
| SCMTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.63% | 0.01% | 8.02% | 64.25% |
| Management Fee | 0.32% | 0.00% | 1.20% | 20.34% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.10% | 0.01% | 0.44% | 43.89% |
Sales Fees
| SCMTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 4.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| SCMTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SCMTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 38.00% | 0.00% | 283.00% | 86.31% |
SCMTX - Distributions
Dividend Yield Analysis
| SCMTX | Category Low | Category High | SCMTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.13% | 0.00% | 14.51% | 38.66% |
Dividend Distribution Analysis
| SCMTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| SCMTX | Category Low | Category High | SCMTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.58% | -0.53% | 5.33% | 15.98% |
Capital Gain Distribution Analysis
| SCMTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.029 | OrdinaryDividend |
| Oct 31, 2024 | $0.028 | OrdinaryDividend |
| Sep 30, 2024 | $0.029 | OrdinaryDividend |
| Aug 30, 2024 | $0.029 | OrdinaryDividend |
| Jul 31, 2024 | $0.029 | OrdinaryDividend |
| Apr 30, 2024 | $0.029 | OrdinaryDividend |
| Mar 28, 2024 | $0.028 | OrdinaryDividend |
| Feb 29, 2024 | $0.029 | OrdinaryDividend |
| Jan 31, 2024 | $0.028 | OrdinaryDividend |
| Dec 29, 2023 | $0.028 | OrdinaryDividend |
| Nov 30, 2023 | $0.028 | OrdinaryDividend |
| Oct 31, 2023 | $0.027 | OrdinaryDividend |
| Sep 29, 2023 | $0.027 | OrdinaryDividend |
| Aug 31, 2023 | $0.027 | OrdinaryDividend |
| Jul 31, 2023 | $0.026 | OrdinaryDividend |
| Jun 30, 2023 | $0.027 | OrdinaryDividend |
| May 31, 2023 | $0.026 | OrdinaryDividend |
| Apr 28, 2023 | $0.026 | OrdinaryDividend |
| Mar 31, 2023 | $0.026 | OrdinaryDividend |
| Feb 28, 2023 | $0.027 | OrdinaryDividend |
| Jan 31, 2023 | $0.025 | OrdinaryDividend |
| Dec 23, 2022 | $0.025 | OrdinaryDividend |
| Nov 23, 2022 | $0.025 | OrdinaryDividend |
| Oct 25, 2022 | $0.025 | OrdinaryDividend |
| Sep 26, 2022 | $0.024 | OrdinaryDividend |
| Aug 25, 2022 | $0.023 | OrdinaryDividend |
| Jul 25, 2022 | $0.023 | OrdinaryDividend |
| Jun 24, 2022 | $0.022 | OrdinaryDividend |
| May 24, 2022 | $0.022 | OrdinaryDividend |
| Apr 25, 2022 | $0.022 | OrdinaryDividend |
| Mar 25, 2022 | $0.020 | OrdinaryDividend |
| Feb 22, 2022 | $0.021 | OrdinaryDividend |
| Jan 25, 2022 | $0.020 | OrdinaryDividend |
| Dec 31, 2021 | $0.020 | OrdinaryDividend |
| Dec 03, 2021 | $0.008 | CapitalGainShortTerm |
| Dec 03, 2021 | $0.030 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.021 | OrdinaryDividend |
| Oct 29, 2021 | $0.020 | OrdinaryDividend |
| Sep 30, 2021 | $0.021 | OrdinaryDividend |
| Aug 31, 2021 | $0.021 | OrdinaryDividend |
| Jun 30, 2021 | $0.024 | OrdinaryDividend |
| May 28, 2021 | $0.024 | OrdinaryDividend |
| Apr 30, 2021 | $0.025 | OrdinaryDividend |
| Mar 31, 2021 | $0.024 | OrdinaryDividend |
| Feb 26, 2021 | $0.026 | OrdinaryDividend |
| Jan 29, 2021 | $0.025 | OrdinaryDividend |
| Dec 24, 2020 | $0.025 | OrdinaryDividend |
| Dec 03, 2020 | $0.029 | CapitalGainShortTerm |
| Dec 03, 2020 | $0.036 | CapitalGainLongTerm |
| Nov 23, 2020 | $0.024 | OrdinaryDividend |
| Oct 26, 2020 | $0.026 | OrdinaryDividend |
| Sep 24, 2020 | $0.027 | OrdinaryDividend |
| Aug 25, 2020 | $0.026 | OrdinaryDividend |
| Jul 27, 2020 | $0.026 | OrdinaryDividend |
| Jun 24, 2020 | $0.028 | OrdinaryDividend |
| May 22, 2020 | $0.028 | OrdinaryDividend |
| Apr 24, 2020 | $0.028 | OrdinaryDividend |
| Mar 25, 2020 | $0.027 | OrdinaryDividend |
| Feb 24, 2020 | $0.027 | OrdinaryDividend |
| Jan 27, 2020 | $0.028 | OrdinaryDividend |
| Dec 24, 2019 | $0.027 | OrdinaryDividend |
| Dec 04, 2019 | $0.016 | CapitalGainShortTerm |
| Dec 04, 2019 | $0.083 | CapitalGainLongTerm |
| Nov 22, 2019 | $0.026 | OrdinaryDividend |
| Oct 25, 2019 | $0.030 | OrdinaryDividend |
| Sep 24, 2019 | $0.027 | OrdinaryDividend |
| Aug 26, 2019 | $0.029 | OrdinaryDividend |
| Jul 25, 2019 | $0.029 | OrdinaryDividend |
| Dec 06, 2018 | $0.004 | CapitalGainShortTerm |
| Dec 05, 2017 | $0.003 | CapitalGainShortTerm |
| Dec 03, 2009 | $0.006 | CapitalGainShortTerm |
| Dec 03, 2009 | $0.005 | CapitalGainLongTerm |
| Nov 26, 2008 | $0.031 | CapitalGainLongTerm |
| Nov 28, 2007 | $0.001 | CapitalGainLongTerm |
| Nov 28, 2006 | $0.006 | CapitalGainLongTerm |
SCMTX - Fund Manager Analysis
Managers
Matthew Caggiano
Start Date
Tenure
Tenure Rank
Apr 28, 2014
8.1
8.1%
Portfolio Manager for Municipal Bonds: Boston, MA Joined the Company in 1989. Prior to his current role, Matthew served as a Portfolio Manager and Trader for Insurance portfolios. Previously, Matthew served as an Assistant Trader for Tax Exempt Municipal Bond funds and as a Research Assistant for the Municipal Bond Group BS from Pennsylvania State University; MS from Boston College; CFA Charterholder
Chad Farrington
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Portfolio Manager for Municipal Bonds - Joined DWS in 2018 with 20 years of industry experience; previously, worked as Portfolio Manager, Head of Municipal Research, and Senior Credit Analyst at Columbia Threadneedle - BS, Montana State University
Patrick Gallagher
Start Date
Tenure
Tenure Rank
Nov 19, 2021
0.53
0.5%
Patrick Gallagher, Portfolio Manager Fixed Income. Portfolio Manager of the fund. Began managing the fund in 2021. ■Joined DWS in 2003. Prior to his current role, he served as an Insurance Reporting Supervisor in the Insurance Asset Management business and as Investment Accountant in the Private Wealth Management Division. ■He went to Colby College for BA Education.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.36 | 1.58 |
