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Trending ETFs

DWS Tax-Exempt Portfolio

mutual fund
SCIXX
Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
SCIXX (Mutual Fund)

DWS Tax-Exempt Portfolio

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market
SCIXX (Mutual Fund)

DWS Tax-Exempt Portfolio

Payout Change
Pending
Price as of:
$1.0 +0.0 +0.0%
primary theme
Tax-Free Money Market

Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$1.00

$281 M

3.36%

$0.03

0.39%

Vitals

YTD Return

1.6%

1 yr return

3.3%

3 Yr Avg Return

N/A

5 Yr Avg Return

1.3%

Net Assets

$281 M

Holdings in Top 10

32.9%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.39%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Money Market Fund


Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$1.00

$281 M

3.36%

$0.03

0.39%

SCIXX - Profile

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.03%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DWS Tax-Exempt Portfolio
  • Fund Family Name
    DWS Funds
  • Inception Date
    Nov 17, 1999
  • Shares Outstanding
    N/A
  • Share Class
    Premier
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

Main investments. The fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities, the income from which is free from regular federal income tax and alternative minimum tax (AMT). This policy is fundamental and may not be changed without shareholder approval.The fund is a money market fund that is managed in accordance with federal regulations, which govern the quality, maturity, diversity and liquidity of instruments in which a money market fund may invest.The fund follows policies designed to maintain a stable $1.00 share price.The fund may invest in municipal trust receipts (MTRs), general obligation and revenue notes and bonds, municipal obligations backed by third parties, obligations of the territories or Commonwealths of the US and other municipal instruments paying a fixed, variable or floating interest rate.The fund is designed for investors in a moderate to high tax bracket who are interested in federal tax-exempt income along with the liquidity and stability that a money market fund is designed to offer.In July 2023, changes to the federal regulations that govern money market funds, including government money market funds like the fund, were adopted. The changes will be effective at various times in 2023 and 2024. Among the changes are: (i) an increase in the minimum investment percentages in securities offering daily and weekly liquidity and (ii) removal of the ability to temporarily suspend (gate) redemptions.Management process. Working in consultation with portfolio management, a credit team screens potential securities and develops a list of those that the fund may buy. Portfolio management, looking for attractive yield and weighing considerations such as credit quality, economic outlooks and possible interest rate movements, then decides which securities on this list to buy.
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SCIXX - Performance

Return Ranking - Trailing

Period SCIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% 1.1% 2.7% 52.33%
1 Yr 3.3% 2.2% 5.4% 40.70%
3 Yr N/A* 1.1% 2.9% 32.00%
5 Yr 1.3%* 0.7% 2.0% 32.50%
10 Yr N/A* 0.5% 1.2% 26.67%

* Annualized

Return Ranking - Calendar

Period SCIXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 45.35%
2022 0.0% 0.0% 0.0% 44.19%
2021 0.0% 0.0% 0.0% 47.44%
2020 0.0% 0.0% 0.0% 47.30%
2019 0.0% 0.0% 0.0% 44.87%

Total Return Ranking - Trailing

Period SCIXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% 1.1% 2.7% 52.33%
1 Yr 3.3% 2.2% 5.4% 40.70%
3 Yr N/A* 1.1% 2.9% 32.00%
5 Yr 1.3%* 0.7% 2.0% 32.50%
10 Yr N/A* 0.5% 1.2% 26.67%

* Annualized

Total Return Ranking - Calendar

Period SCIXX Return Category Return Low Category Return High Rank in Category (%)
2023 3.4% 2.0% 5.4% 24.42%
2022 1.1% 0.2% 1.2% 10.47%
2021 0.0% 0.0% 0.3% 98.72%
2020 0.3% 0.0% 1.3% 54.05%
2019 1.3% 0.0% 2.7% 35.90%

NAV & Total Return History


SCIXX - Holdings

Concentration Analysis

SCIXX Category Low Category High SCIXX % Rank
Net Assets 281 M 3.67 M 19.7 B 56.98%
Number of Holdings 126 1 921 48.84%
Net Assets in Top 10 58 M 40.6 M 17.4 B 87.21%
Weighting of Top 10 32.94% 9.8% 100.0% 43.02%

Top 10 Holdings

  1. NUVEEN MUN CR OPPORTUNITIES FD 0.55% 4.71%
  2. NUVEEN CALIF DIVID ADVANTAGE MUN FD 0.53% 4.71%
  3. SAN FRANCISCO CALIF CITY & CNTY MULTIFAMILY HSG REV 0.11% 4.62%
  4. TENDER OPT BD TR RCPTS / CTFS VAR STS 0.5% 3.86%
  5. CUYAHOGA CNTY OHIO HEALTH CARE FACS REV 0.48% 3.86%
  6. ALLEN CNTY OHIO HOSP FACS REV 0.16% 3.81%
  7. CALIFORNIA ST DEPT WTR RES WTR REV IAM COML PAPER NTS 3/A2 SER 1 0.14% 3.78%
  8. WISCONSIN ST HEALTH & EDL FACS AUTH REV 0.43% 3.66%
  9. CALIFORNIA ST DEPT WTR RES WTR REV IAM COML PAPER NTS 3/A2 SER 1 0.15% 3.56%
  10. ALLEGHENY CNTY PA HOSP DEV AUTH REV 0.05% 3.55%

Asset Allocation

Weighting Return Low Return High SCIXX % Rank
Bonds
86.61% 0.00% 99.21% 27.91%
Cash
13.39% 0.79% 100.00% 69.77%
Stocks
0.00% 0.00% 0.00% 44.19%
Preferred Stocks
0.00% 0.00% 0.00% 44.19%
Other
0.00% 0.00% 0.00% 44.19%
Convertible Bonds
0.00% 0.00% 0.00% 44.19%

Bond Sector Breakdown

Weighting Return Low Return High SCIXX % Rank
Municipal
86.61% 0.00% 99.21% 27.91%
Cash & Equivalents
13.39% 0.79% 100.00% 69.77%
Derivative
0.00% 0.00% 0.00% 44.19%
Securitized
0.00% 0.00% 0.00% 44.19%
Corporate
0.00% 0.00% 0.00% 44.19%
Government
0.00% 0.00% 13.45% 48.84%

Bond Geographic Breakdown

Weighting Return Low Return High SCIXX % Rank
US
86.61% 0.00% 99.21% 27.91%
Non US
0.00% 0.00% 0.00% 44.19%

SCIXX - Expenses

Operational Fees

SCIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.39% 0.15% 1.77% 56.98%
Management Fee 0.10% 0.08% 0.49% 11.63%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee 0.10% 0.05% 0.55% 17.24%

Sales Fees

SCIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

SCIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SCIXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 0.00% N/A

SCIXX - Distributions

Dividend Yield Analysis

SCIXX Category Low Category High SCIXX % Rank
Dividend Yield 3.36% 2.26% 5.22% 39.53%

Dividend Distribution Analysis

SCIXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

SCIXX Category Low Category High SCIXX % Rank
Net Income Ratio 0.03% 0.00% 0.12% 9.30%

Capital Gain Distribution Analysis

SCIXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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SCIXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

May 13, 2005

17.06

17.1%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.83 27.88 14.3 15.26