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DWS New York Tax-Free Income Instl Overview

DWS New York Tax-Free Income Instl (DNTIX) is an actively managed Municipal Bond Muni New York Long fund. DWS launched the fund in 2020.

The investment seeks a high level of current income that is exempt from New York State and New York City personal income taxes and federal income taxes. The fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in municipal securities whose income is free from regular federal and New York State personal income tax. It invests at least 65% of net assets in municipal securities and other securities that are exempt from New York City personal income taxes. The fund may invest up to 20% of net assets in securities whose income is subject to the federal AMT. It is non-diversified.

About DWS New York Tax-Free Income Instl (DNTIX)

There are 2 members of the management team with an average tenure of 12.72 years: Allyson McCann (2022), Matthew Caggiano (2004). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg Municipal TR USD index with a weighting of 100% and Bloomberg Municipal New York Exempt TR index with a weighting of 100%. DWS New York Tax-Free Income Instl has 143 securities in its portfolio. The top 10 holdings constitute 18.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

DWS New York Tax-Free Income Instl is part of the Fixed Income global asset class and is within the Municipal Bond fund group. DWS New York Tax-Free Income Instl has 2.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 100.0% (97.2% domestic bond, 2.8% foreign bond and 0.0% convertible bond). DWS New York Tax-Free Income Instl has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $8 million in total assets, which is below the $287 million average for the Muni New York Long category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

DNTIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The DWS New York Tax-Free Income Instl expense ratio is above average compared to funds in the Muni New York Long category. DWS New York Tax-Free Income Instl has an expense ratio of 0.65%, which is 23% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. DWS New York Tax-Free Income Instl has a portfolio turnover rate of 52%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 27% for the Muni New York Long category.

Recently, in the month of July 2026, DWS New York Tax-Free Income Instl returned -2.1%, which earned it a grade of C, as the Muni New York Long category had an average return of -2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

DWS New York Tax-Free Income Instl has a trailing yield of 3.67%, which is above the 3.63% category average. The fund normally distributes its income monthly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

DWS New York Tax-Free Income Instl Grades

Year to date, the fund has returned 1.0%, 0.1 percentage points better than the category, which translates into a grade of B. The fund has returned 6.6% over the past year (grade of C), 3.0% over the past three years (grade of C) and 0.1% per year over the past five years (grade of B) and 1.6% per year over the past 10 years (grade of D).

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