DWS Intermediate Tax-Free Fund (SCMTX)
The investment seeks to provide a high level of income exempt from regular federal income taxes and seeks to limit principal fluctuation. The fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in securities issued by municipalities across the United States and in other securities whose income is free from regular federal income tax and AMT. The fund normally invests at least 65% of total assets in municipal securities rated in the three highest credit rating categories or, if unrated, determined by the Advisor to be of similar quality.
Fund Info
US25159H4056
Apr 11, 1983
$2,500
Expense Ratio
SCMTX has an expense ratio of 0.48%, 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 Intermediate Tax-Free Fund (SCMTX) returned 0.04% year-to-date (YTD) and 4.25% over the past 12 months. Over the past 10 years, SCMTX returned 2.39% annually, underperforming the S&P 500 benchmark at 10.85%.
SCMTX
0.04%
-0.28%
-0.81%
4.25%
3.21%
1.75%
2.39%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of SCMTX, 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 | 0.90% | 1.00% | -1.21% | -0.37% | -0.28% | 0.04% | |||||||
| 2024 | -0.11% | 0.26% | 0.31% | -0.92% | 0.18% | 1.72% | 0.81% | 0.81% | 0.80% | -1.00% | 1.50% | -0.84% | 3.55% |
| 2023 | 2.65% | -1.93% | 1.82% | 0.06% | -0.62% | 0.62% | 0.33% | -0.86% | -2.17% | -0.79% | 4.71% | 2.64% | 6.42% |
| 2022 | -2.35% | -0.51% | -2.77% | -2.48% | 1.42% | -1.16% | 2.24% | -1.87% | -3.19% | -0.52% | 3.95% | 0.47% | -6.83% |
| 2021 | 0.62% | -1.36% | 0.45% | 0.88% | 0.45% | 0.28% | 0.68% | -0.24% | -0.74% | -0.17% | 0.60% | 0.14% | 1.60% |
| 2020 | 1.81% | 1.14% | -3.41% | -1.30% | 3.09% | 1.09% | 1.40% | -0.20% | -0.03% | -0.12% | 1.43% | 0.88% | 5.78% |
| 2019 | 0.88% | 0.51% | 1.27% | 0.33% | 1.26% | 0.48% | 0.75% | 1.25% | -0.77% | 0.15% | 0.03% | 0.56% | 6.90% |
| 2018 | -0.88% | -0.28% | 0.14% | -0.28% | 0.83% | 0.08% | 0.23% | 0.08% | -0.55% | -0.62% | 0.98% | 1.04% | 0.73% |
| 2017 | 0.46% | 0.56% | 0.24% | 0.72% | 1.14% | -0.34% | 0.55% | 0.72% | -0.53% | 0.05% | -0.71% | 0.74% | 3.65% |
| 2016 | 1.28% | 0.05% | 0.20% | 0.61% | -0.14% | 1.29% | 0.02% | 0.04% | -0.35% | -0.71% | -3.21% | 0.91% | -0.08% |
| 2015 | 1.55% | -0.86% | 0.12% | -0.28% | -0.41% | -0.21% | 0.65% | 0.20% | 0.64% | 0.39% | 0.20% | 0.72% | 2.72% |
| 2014 | 1.81% | 1.03% | -0.10% | 1.19% | 1.08% | -0.09% | 0.15% | 1.08% | -0.02% | 0.47% | 0.02% | 0.38% | 7.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 76, SCMTX is among the top 24% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DWS Intermediate Tax-Free Fund (SCMTX) 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 Intermediate Tax-Free Fund provided a 4.79% dividend yield over the last twelve months, with an annual payout of $0.52 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 | $0.52 | $0.51 | $0.37 | $0.34 | $0.31 | $0.49 | $0.47 | $0.34 | $0.32 | $0.30 | $0.33 | $0.33 |
Dividend yield | 4.79% | 4.68% | 3.39% | 3.20% | 2.60% | 4.07% | 3.93% | 2.96% | 2.74% | 2.53% | 2.76% | 2.74% |
Monthly Dividends
The table displays the monthly dividend distributions for DWS Intermediate Tax-Free Fund. 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 | $0.06 | $0.03 | $0.06 | $0.03 | $0.00 | $0.17 | |||||||
| 2024 | $0.03 | $0.03 | $0.05 | $0.03 | $0.06 | $0.06 | $0.03 | $0.03 | $0.03 | $0.06 | $0.05 | $0.06 | $0.51 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.37 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.05 | $0.05 | $0.34 |
| 2021 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.31 |
| 2020 | $0.05 | $0.03 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.12 | $0.49 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.16 | $0.47 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.34 |
| 2017 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.32 |
| 2016 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.30 |
| 2015 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.06 | $0.33 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.33 |
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 Intermediate Tax-Free Fund. 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 Intermediate Tax-Free Fund was 11.90%, occurring on Nov 22, 1994. Recovery took 522 trading sessions.
The current DWS Intermediate Tax-Free Fund drawdown is 1.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.9% | Oct 18, 1993 | 287 | Nov 22, 1994 | 522 | Nov 21, 1996 | 809 |
| -11.54% | Aug 6, 2021 | 308 | Oct 25, 2022 | 416 | Jun 24, 2024 | 724 |
| -10.12% | Mar 10, 2020 | 9 | Mar 20, 2020 | 88 | Jul 27, 2020 | 97 |
| -7.16% | Sep 12, 2008 | 25 | Oct 16, 2008 | 57 | Jan 8, 2009 | 82 |
| -7.14% | Feb 23, 1987 | 171 | Oct 19, 1987 | 1090 | Dec 23, 1991 | 1261 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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