NOTIX

About NOTIX

DWS Strategic High Yield Tax-Free Fund – Institutional Class is a mutual fund focused on providing a high level of income that is exempt from regular federal income tax. Designed for institutional investors, this fund primarily invests at least 80% of its assets in municipal securities from issuers across the United States, targeting those whose interest payments are federally tax-free. A distinguishing feature is its allocation to high-yield municipal bonds—often referred to as "junk bonds"—which can offer greater income in exchange for higher credit risk. Up to 20% of assets may be invested in securities subject to the alternative minimum tax. The fund’s portfolio is diversified across hundreds of municipal holdings, including revenue and general obligation bonds from sectors such as utilities, education, healthcare, and transportation. Its credit profile is varied, spanning investment-grade to below-investment-grade and non-rated bonds, and it employs seasoned managers with decades of experience in municipal markets. The fund distributes income monthly and is noted for its relatively high distribution rate within the high-yield municipal bond category. By focusing on tax-exempt bonds, the fund serves investors seeking federal tax-advantaged income, particularly those with higher tax liabilities who prioritize after-tax returns from municipal securities.