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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.85% -9.52% 119.10M 18307.40
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
4.95% 23.00% -- Upgrade

Basic Info

Investment Strategy
To seek a high level of current income exempt from federal income tax by investing in a diversified portfolio of investment-grade, tax-exempt securities. It invests more than 50% of its assets in investment-grade municipal bonds or unrated municipal bonds of comparable quality, and may invest up to 50% of its assets in high-yield municipal bonds below investment grade.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name High Yield Muni
Category Index Bloomberg 65% High Grade/35% HY TR USD
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name DWS
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Michael Generazo 4.10 yrs
Chad Farrington 3.64 yrs

Net Fund Flows Versus Category

1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: --
-1.591B Category Low
1.939B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
Date Unavailable

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
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% Rank in Cat (NAV)
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As of August 16, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
2.99%
-2.36%
2.36%
-7.08%
21.00%
0.93%
11.08%
-18.68%
3.30%
0.25%
5.45%
1.28%
7.54%
5.21%
1.52%
-7.00%
6.68%
9.33%
-4.02%
-9.40%
28.02%
3.73%
5.63%
-19.90%
4.88%
-3.51%
8.81%
-9.63%
22.55%
4.37%
2.81%
-17.49%
7.97%
5.62%
12.81%
-13.60%
20.59%
2.99%
10.51%
-18.64%
7.83%
1.63%
10.55%
-4.49%
25.03%
5.88%
13.29%
-17.77%
As of August 16, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-16-22) 4.95%
30-Day SEC Yield (11-30-17) Upgrade
7-Day SEC Yield (12-13-17) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.93%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2022

Asset Allocation

As of June 30, 2022.
Type % Net % Long % Short
Cash 0.26% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 99.74% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
MASSACHUSETTS ST DEV FIN AGY REV 5%
2.89% -- --
PENNSYLVANIA ST TPK COMMN TPK REV 5%
1.42% -- --
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%
1.31% -- --
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%
1.21% -- --
ARIZONA ST UNIV REVS 5%
1.19% -- --
TARRANT CNTY TEX CULTURAL ED FACS FIN CORP HOSP REV 5%
1.19% -- --
PUERTO RICO COMWLTH 4%
1.13% -- --
ILLINOIS ST 5%
1.10% -- --
METROPOLITAN TRANSN AUTH N Y REV 5%
1.04% -- --
SOUTH CAROLINA ST PORTS AUTH PORTS REV 4%
0.98% -- --

Basic Info

Investment Strategy
To seek a high level of current income exempt from federal income tax by investing in a diversified portfolio of investment-grade, tax-exempt securities. It invests more than 50% of its assets in investment-grade municipal bonds or unrated municipal bonds of comparable quality, and may invest up to 50% of its assets in high-yield municipal bonds below investment grade.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name High Yield Muni
Category Index Bloomberg 65% High Grade/35% HY TR USD
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name DWS
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Michael Generazo 4.10 yrs
Chad Farrington 3.64 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-16-22) 4.95%
30-Day SEC Yield (11-30-17) Upgrade
7-Day SEC Yield (12-13-17) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.93%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2022

Fund Details

Key Dates
Inception Date 3/22/1989
Last Annual Report Date 11/30/2021
Last Prospectus Date 9/20/1999
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No

Top Portfolio Holders

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