DNTIX

About DNTIX

DWS New York Tax-Free Income Fund Institutional Class is an open-end mutual fund focused on providing a high level of current income exempt from federal, New York State, and New York City personal income taxes. The fund primarily invests its assets in municipal securities, ensuring that at least 80% of its portfolio, plus any borrowings, are allocated to securities whose income is free from regular federal and New York State personal income taxes. Additionally, at least 65% of assets are directed toward securities that are also exempt from New York City personal income taxes. The fund may allocate up to 20% of its assets to securities subject to the federal alternative minimum tax. Aimed at institutional investors, this class requires substantial initial investment and is designed to help institutional clients manage tax-exempt income needs, especially for organizations or individuals with significant exposure to New York taxes. The fund’s benchmark is the Bloomberg Municipal Bond Index, reflecting its focus within the broader U.S. municipal bond market. With a targeted portfolio duration in the intermediate range, the fund plays a notable role for investors seeking tax-advantaged income within the fixed income sector.