SNWYX Fees and Costs — DWS New York Tax-Free Income Fund, Class S
Data updated: 2026-07-24
The net expense ratio is 0.65% (0.83% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0011% of average net assets, and portfolio turnover was 52%.
SNWYX Fees and Expenses
Annual operating expenses and sales charges of SNWYX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SNWYX Costs Over Time
On $10,000 invested in SNWYX, assuming 5% a year before costs, total costs come to $410 over 5 years, cutting the return by 0.68% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $225 | $410 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
SNWYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0011%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $149.0M
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
SNWYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JonesTrading Institutional Services LLC | $2K | 100.00% |
SNWYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $25.7M | 19.19% |
| Barclays Capital Inc. | $20.2M | 15.10% |
| J.P. Morgan Securities LLC | $18.3M | 13.68% |
| National Financial Services LLC | $14.3M | 10.71% |
| Wells Fargo Securities, LLC | $13.1M | 9.78% |
| BofA Securities, Inc. | $10.6M | 7.89% |
| Morgan Stanley & Co. LLC | $8.7M | 6.50% |
| Goldman Sachs & Co. LLC | $8.3M | 6.24% |
| Raymond James & Associates, Inc. | $7.8M | 5.84% |
| RBC Capital Markets, LLC | $6.8M | 5.07% |
DWS New York Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DNTIX | Institutional Class | 0.65% | none |
| SNWYX | Class S | 0.65% | none |
| KNTAX | Class A | 0.90% | 2.75% |
| KNTCX | Class C | 1.65% | none |
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.