SHYTX Performance — DWS Strategic High Yield Tax-Free Fund, Class S
Data updated: 2026-09-24
SHYTX returned +2.11% year to date and +7.63% over one year to May 2026. Annualised returns are +5.69% over 3 years and +0.76% over 5 years. Against its High Yield Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $118, against $126 for the category, and to $108 over one year, against $107. Volatility over the past three years was 6.72% a year. In the 12 months to May 2026 the fund lost a net $42.4M, and assets reached $412.91M.
SHYTX Growth of $100
What $100 invested in DWS Strategic High Yield Tax-Free Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | SHYTX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $107 |
| 3 years (Jun 2023 – May 2026) | $118 | $126 |
| 5 years (Jun 2021 – May 2026) | $104 | $120 |
| Since data start (Sep 2019 – May 2026) | $113 | $132 |
SHYTX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.11% |
| 1 year | +7.63% |
| 3 years (annualised) | +5.69% |
| 5 years (annualised) | +0.76% |
SHYTX Annual Returns
Calendar-year total returns of DWS Strategic High Yield Tax-Free Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.11% |
| 2025 | +3.25% |
| 2024 | +5.83% |
| 2023 | +8.84% |
| 2022 | −16.16% |
| 2021 | +6.06% |
| 2020 | +4.33% |
| 2019 (Sep–Dec) | +0.25% |
SHYTX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.4% | +1.6% | −2.1% | +1.3% | +1.0% | — | — | — | — | — | — | — |
| 2025 | +0.3% | +1.5% | −2.0% | −1.3% | −0.5% | +0.6% | −1.2% | +0.8% | +3.3% | +1.4% | +0.4% | +0.2% |
| 2024 | +0.6% | +0.5% | +0.7% | −1.4% | +0.4% | +2.5% | +1.3% | +0.9% | +1.6% | −1.7% | +2.1% | −1.8% |
| 2023 | +4.1% | −2.6% | +1.7% | +0.1% | −0.4% | +1.6% | +0.6% | −1.2% | −3.2% | −2.1% | +7.2% | +3.1% |
| 2022 | −2.8% | −1.0% | −4.3% | −4.6% | +1.1% | −4.1% | +4.1% | −2.7% | −6.3% | −1.8% | +5.9% | −0.4% |
| 2021 | +1.8% | −1.5% | +0.8% | +1.5% | +1.4% | +0.9% | +1.0% | −0.4% | −1.0% | −0.4% | +1.4% | +0.4% |
| 2020 | +2.0% | +1.9% | −9.0% | −3.2% | +3.2% | +3.4% | +2.3% | +0.1% | −0.1% | 0.0% | +2.3% | +2.0% |
| 2019 | — | — | — | — | — | — | — | — | −0.5% | 0.0% | +0.3% | +0.4% |
SHYTX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.72%
- 3-year Sharpe ratio: 0.18 (vs 4.5% risk-free rate)
- Best month: +7.25% (Nov 2023)
- Worst month: −3.25% (Sep 2023)
SHYTX Fund Flows
Monthly money in and out of DWS Strategic High Yield Tax-Free Fund, from SEC Form N-PORT.
- 12-month net flow: −$42.4M
- 12-month gross sales (incl. reinvestments): $79.5M
- Sales ÷ redemptions: 0.65×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $3.2M | $6.9M | −$3.7M |
| Apr 2026 | $3.7M | $10.1M | −$6.4M |
| Mar 2026 | $9.1M | $10.5M | −$1.4M |
| Feb 2026 | $5.7M | $5.1M | $633K |
| Jan 2026 | $9.9M | $6.9M | $3.0M |
| Dec 2025 | $7.7M | $17.5M | −$9.8M |
| Nov 2025 | $5.8M | $7.7M | −$1.9M |
| Oct 2025 | $6.4M | $12.7M | −$6.3M |
| Sep 2025 | $3.7M | $8.7M | −$5.0M |
| Aug 2025 | $13.5M | $10.3M | $3.2M |
| Jul 2025 | $5.1M | $11.1M | −$5.9M |
| Jun 2025 | $5.7M | $14.6M | −$8.9M |
SHYTX Assets Under Management
Net assets of DWS Strategic High Yield Tax-Free Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $412.91M |
| 2026-02-28 | $429.02M |
| 2025-11-30 | $431.15M |
| 2025-08-31 | $427.74M |
| 2025-05-31 | $444.13M |
| 2025-02-28 | $488.53M |
| 2024-11-30 | $509.01M |
| 2024-08-31 | $499.38M |
| 2024-05-31 | $479.45M |
| 2024-02-29 | $468.13M |
| 2023-11-30 | $450.71M |
| 2023-08-31 | $501.66M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.