SZMCX Fees and Costs — DWS Intermediate Tax-Free Fund, Class C
Data updated: 2026-09-24
The net expense ratio is 1.38%: a 0.32% management fee, a 1.00% 12b-1 fee plus 0.25% other expenses, less a 0.19% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 30%.
SZMCX Fees and Expenses
Annual operating expenses and sales charges of SZMCX. Prospectus, as of September 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.57% |
| Fee waiver | −0.19% |
| Net expense ratio | 1.38% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SZMCX Costs Over Time
On $10,000 invested in SZMCX, assuming 5% a year before costs, total costs come to $857 over 5 years, cutting the return by 1.45% 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 |
| Sales charges | $104 | $0 | $0 |
| Fund expenses (net expense ratio 1.38%) | $145 | $450 | $778 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $248 | $473 | $857 |
| Value after costs | $10,252 | $11,104 | $11,906 |
| Impact on return, per year | 2.48% | 1.45% | 1.45% |
SZMCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $551.7M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
SZMCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $184.8M | 38.56% |
| J.P. Morgan Securities LLC | $70.4M | 14.68% |
| BNY Capital Markets, LLC | $60.2M | 12.56% |
| BofA Securities, Inc. | $40.1M | 8.36% |
| Wells Fargo Securities, LLC | $26.5M | 5.53% |
| Morgan Stanley & Co. LLC | $25.2M | 5.26% |
| Barclays Capital Inc. | $22.0M | 4.58% |
| U.S. Bancorp Investments, Inc. | $18.4M | 3.84% |
| National Financial Services LLC | $18.0M | 3.76% |
| RBC Capital Markets, LLC | $13.7M | 2.86% |
DWS Intermediate Tax-Free Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SCMTX | Class S | 0.38% | none |
| SZMIX | Institutional Class | 0.38% | none |
| SZMAX | Class A | 0.63% | 2.75% |
| SZMCX | Class C | 1.38% | 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.