DWS Intermediate Tax-Free Fund is a mutual fund focused on generating a high level of income that is exempt from regular federal income taxes, while also seeking to limit principal fluctuation. This fund primarily invests at least 80% of its net assets in municipal securities issued by municipalities across the United States, as well as in other securities whose income is federally tax-free. At least 65% of total assets are allocated to municipal securities rated within the top three credit quality categories, or those deemed of comparable quality by the fund's adviser. The portfolio predominantly comprises revenue bonds and general obligation bonds, with its investments diversified across major states such as Texas, New York, and Pennsylvania. The fund is designed for investors seeking stable, tax-advantaged income and takes a moderately conservative approach to credit risk, maintaining the majority of holdings in investment-grade instruments. DWS Intermediate Tax-Free Fund holds significance in the municipal bond sector, serving individuals and institutions interested in managing tax liability while pursuing consistent income within intermediate-term horizons.
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