DWS New York Tax-Free Income Fund Class A is an open-end municipal bond fund designed to provide a high level of current income that is exempt from federal, New York State, and New York City personal income taxes. The portfolio invests primarily in New York municipal securities, typically maintaining at least 80% of net assets in tax-exempt bonds, aligning with the Muni New York long category’s focus on longer-duration state and local issuers. Managed by DWS, the strategy emphasizes diversified exposure across revenue sectors such as education, transportation, and general obligation issuers, reflecting the financing backbone of New York’s public infrastructure and essential services. The fund’s profile includes sensitivity to interest-rate movements and credit dynamics within the state’s municipal market, with historical tilts toward longer maturities and selective lower-rated credits to enhance income potential within its mandate. It plays a role in tax-aware fixed income allocation for New York residents seeking state- and city-level tax-exempt income while accessing professional credit research, liquidity, and diversified municipal market exposure.
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