DWS New York Tax (KNTAX)
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.
Fund Info
US25158X5005
25158X500
Dec 30, 1985
$1,000
Expense Ratio
KNTAX has an expense ratio of 0.79%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
DWS New York Tax (KNTAX) returned -2.38% year-to-date (YTD) and 0.94% over the past 12 months. Over the past 10 years, KNTAX returned 2.01% annually, underperforming the S&P 500 benchmark at 10.46%.
KNTAX
-2.38%
0.53%
-2.18%
0.94%
1.50%
2.01%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of KNTAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.05% | 0.98% | -2.16% | -1.14% | -0.10% | -2.38% | |||||||
| 2024 | -0.07% | 0.40% | 0.15% | -1.37% | 0.30% | 2.23% | 0.75% | 0.85% | 1.17% | -1.29% | 2.11% | -1.47% | 3.73% |
| 2023 | 3.56% | -2.70% | 2.42% | 0.02% | -0.67% | 1.06% | 0.23% | -1.40% | -3.29% | -1.80% | 7.09% | 3.37% | 7.66% |
| 2022 | -2.89% | -0.63% | -3.30% | -3.21% | 1.52% | -2.78% | 3.09% | -2.69% | -4.61% | -1.27% | 6.20% | -0.06% | -10.62% |
| 2021 | 0.83% | -1.69% | 0.65% | 1.11% | 0.82% | 0.46% | 0.74% | -0.43% | -0.98% | -0.09% | 1.01% | 0.10% | 2.53% |
| 2020 | 1.79% | 1.49% | -4.54% | -2.14% | 3.15% | 1.45% | 1.42% | -0.34% | -0.34% | -0.16% | 2.27% | 1.22% | 5.12% |
| 2019 | 0.73% | 0.53% | 1.66% | 0.42% | 1.35% | 0.31% | 0.69% | 1.79% | -0.70% | -0.05% | 0.01% | 0.21% | 7.15% |
| 2018 | -1.17% | -0.52% | 0.23% | -0.53% | 1.10% | 0.07% | 0.13% | 0.15% | -0.74% | -0.82% | 1.05% | 1.27% | 0.19% |
| 2017 | 0.46% | 0.56% | 0.29% | 0.53% | 1.58% | -0.20% | 0.51% | 0.62% | -0.23% | 0.05% | -0.51% | 1.05% | 4.78% |
| 2016 | 0.83% | 0.02% | 0.56% | 0.92% | 0.45% | 1.65% | -0.20% | 0.27% | -0.53% | -1.11% | -3.61% | 0.96% | 0.11% |
| 2015 | 1.77% | -1.05% | 0.20% | -0.60% | -0.21% | -0.26% | 0.69% | 0.18% | 0.48% | 0.41% | 0.47% | 0.77% | 2.86% |
| 2014 | 1.88% | 1.29% | 0.33% | 1.36% | 1.44% | -0.23% | 0.13% | 1.43% | 0.13% | 0.49% | 0.08% | 0.58% | 9.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of KNTAX is 32, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DWS New York Tax (KNTAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
DWS New York Tax provided a 4.37% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.48 | $0.32 | $0.32 | $0.26 | $0.34 | $0.29 | $0.31 | $0.33 | $0.36 | $0.39 | $0.41 |
Dividend yield | 4.37% | 4.89% | 3.18% | 3.30% | 2.31% | 3.10% | 2.64% | 2.94% | 3.05% | 3.40% | 3.55% | 3.73% |
Monthly Dividends
The table displays the monthly dividend distributions for DWS New York Tax. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.08 | |||||||
| 2024 | $0.02 | $0.05 | $0.04 | $0.02 | $0.05 | $0.05 | $0.02 | $0.02 | $0.05 | $0.05 | $0.05 | $0.05 | $0.48 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.32 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.04 | $0.32 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.04 | $0.34 |
| 2019 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2018 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the DWS New York Tax. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DWS New York Tax was 16.76%, occurring on Oct 25, 2022. Recovery took 484 trading sessions.
The current DWS New York Tax drawdown is 4.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.76% | Aug 4, 2021 | 310 | Oct 25, 2022 | 484 | Sep 30, 2024 | 794 |
| -13.67% | Jan 24, 2008 | 226 | Dec 15, 2008 | 104 | May 15, 2009 | 330 |
| -11.8% | Mar 10, 2020 | 9 | Mar 20, 2020 | 176 | Nov 30, 2020 | 185 |
| -10.96% | Oct 21, 1993 | 283 | Nov 21, 1994 | 126 | May 16, 1995 | 409 |
| -8.52% | Dec 4, 2012 | 190 | Sep 5, 2013 | 175 | May 16, 2014 | 365 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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