SZMAX — DWS Intermediate Tax-Free Fund
Data updated: 2026-07-24
SZMAX — DWS Intermediate Tax-Free Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $683.93M AUM · 0.63% expense ratio · 6.0% 1-yr return. From SEC regulatory filings.
SZMAX Fund Overview
SZMAX — DWS Intermediate Tax-Free Fund is a US mutual fund managed by Deutsche Dws Tax Free Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Deutsche Dws Tax Free Trust
- Category: Long Municipal - National Bond
- Assets under management: $683.93M
- 1-year return: 6.0%
- Ticker: SZMAX
- SEC CIK: 0000711600
- SEC series ID: S000006133
- Share class ID: C000016867
SZMAX Holdings
Top 10 holdings of DWS Intermediate Tax-Free Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| City & County of Denver CO Airport System Revenue | 1.51% |
| Main Street Natural Gas Inc | 1.48% |
| Southeast Energy Authority A Cooperative District | 1.32% |
| Montgomery County Industrial Development Authority/PA | 1.26% |
| Utility Debt Securitization Authority | 1.14% |
| California Housing Finance Agency | 1.12% |
| Port of Seattle WA | 1.10% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 1.07% |
| City of Atlanta GA Water & Wastewater Revenue | 1.02% |
| Energy Southeast A Cooperative District | 0.95% |
SZMAX Portfolio Allocation
Asset-class allocation of DWS Intermediate Tax-Free Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.6% |
| Other | 0.4% |
SZMAX Performance
Total returns for SZMAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.3% |
| 1 year | 6.0% |
| 3 years (annualised) | 3.8% |
| 5 years (annualised) | 1.0% |
SZMAX Risk Information
Risk metrics for SZMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.6%
SZMAX Costs and Fees
SZMAX costs about $63 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.63%
- Gross expense ratio: 0.80%
- Portfolio turnover: 48%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
SZMAX Cashflows
Over the 12 months to 2026-02, DWS Intermediate Tax-Free Fund had net outflows of $59.42M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$15.22M |
| 2026-01 | $4.21M |
| 2025-12 | $2.63M |
| 2025-11 | $283.46K |
| 2025-10 | −$5.59M |
| 2025-09 | $385.74K |
SZMAX Debt Constituents
Largest debt holdings of DWS Intermediate Tax-Free Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| City & County of Denver CO Airport System Revenue | 1.51% |
| Main Street Natural Gas Inc | 1.48% |
| Southeast Energy Authority A Cooperative District | 1.32% |
| Montgomery County Industrial Development Authority/PA | 1.26% |
| Utility Debt Securitization Authority | 1.14% |
| California Housing Finance Agency | 1.12% |
| Port of Seattle WA | 1.10% |
| San Francisco City & County Airport Comm-San Francisco International Airport | 1.07% |
| City of Atlanta GA Water & Wastewater Revenue | 1.02% |
| Energy Southeast A Cooperative District | 0.95% |
SZMAX Prospectus and SEC Filings
Official DWS Intermediate Tax-Free Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.