# Portfolio overlap — NOTAX vs JHTFX Comparing **DWS Strategic High Yield Tax-Free Fund** (2026-02-28) and **High Yield Municipal Bond Fund** (2026-02-28). - Shared positions: 32 - DWS Strategic High Yield Tax-Free Fund covered by High Yield Municipal Bond Fund: 0.06215734242344433208905687261 - High Yield Municipal Bond Fund covered by DWS Strategic High Yield Tax-Free Fund: 0.06215734242344433208905687260 ## DWS Strategic High Yield Tax-Free Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | MSR Energy Authority, Series B | 0.016393 | | | FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE | 0.015609 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.015213 | | | NYC NY 5.5% 8/1/50 | 0.013025 | | | PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE | 0.012651 | | | STATE OF CALIFORNIA 5.0% 03-01-49 | 0.012430 | | | NYC TRANSITIONAL-I-1 | 0.012324 | | | WI PUBGEN 6 02/01/2062 | 0.011844 | | | Aurora Highlands Community Authority Board, Series 2021 A, Ref. RB | 0.011195 | | | ARIZONA ST INDL DEV AUTH SENIOR LIVING REVENUE | 0.010704 | | | PENINSULA TOWN CENTER VA CMNTY PTCDEV 09/45 FIXED 5 | 0.010694 | | | LOMA LINDA UNIVERSITY MEDICAL CENTER OBLIGATED GROUP 5.5% 12-01-54 | 0.010603 | | | CALIFORNIA ST MUNI FIN AUTH REVENUE | 0.010241 | | | VIRGINIA ST SMALL BUSINESS FIN REGD B/E AMT 4.00000000 | 0.010160 | | | PUBLIC AUTHORITY FOR COLORADO PUBUTL 11/28 FIXED OID 6.25 | 0.010101 | | | IOWA ST HGR EDU LOAN AUTH | 0.010055 | | | TX MATPOL 4.4 05/01/2030 | 0.009695 | | | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE | 0.009522 | | | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE | 0.009466 | | | MASSACHUSETTS ST DEV FIN AGY S REGD OID B/E 6.50000000 | 0.009195 | ✓ | | CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Altana Glendale, Series 2021A-1 | 0.009022 | ✓ | | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE | 0.008446 | | | State of Illinois | 0.008411 | | | INDIANA ST FIN AUTH REVENUE | 0.008400 | | | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE | 0.008372 | | | SEMINOLE CTY 5.5% 11/15/2049 | 0.008273 | | | MD ECON DEV CORP | 0.008193 | | | NEW HOPE CULTURAL EDU FACS FIN CORP TX SENIOR LIVING REVENUE | 0.008145 | | | KANSAS CITY MO LAND CLEARANCE REDEV AUTH PROJ REVENUE | 0.008086 | | | River Islands Public Financing Authority, California, Special Tax Bonds, Community Facilities District 2019-1 Phase 2 Public Improvements, Series 2019 | 0.007718 | | | SIGNIA HOTEL MANAGEMENT LLC 5.0% 01-01-54 | 0.007447 | | | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | 0.007406 | | | WI PUBTRN 5.75 12/31/2065 | 0.007206 | ✓ | | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST | 0.007168 | | | TX NEWEDU 4 04/01/2057 | 0.007164 | | | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE | 0.007086 | | | RI H and E BLDG CO 5% 7/1/2050 | 0.006961 | | | South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2017, Ref. RB | 0.006882 | | | NJ EDA REV 5% 10/1/2039 | 0.006815 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2025B | 0.006801 | | | NEWBRIDGE ON THE CHARLES INC OBLIGATED GROUP 5.0% 10-01-57 | 0.006743 | | | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 5.00000000 | 0.006553 | | | Jacksonville, Florida, Educational Facilities Revenue Bonds, Jacksonville University Project, Series 2018B | 0.006529 | ✓ | | ILLINOIS ST HSG DEV AUTH REVENUE | 0.006502 | | | ORANGE HLTH FACS-A | 0.006415 | | | PUBLIC FIN AUTH WI SR LIVING CMNTY 1ST MTGE REVENUE | 0.006209 | | | RI STUD LN 4.125% 12/1/2043@ | 0.006132 | | | RESTRUCTURED-CABS-SER | 0.006120 | | | Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities), Series 2025, RB | 0.006102 | | | CHATTANOOGA TN HLTH EDUCTNL & REGD B/E 5.25000000 | 0.006026 | | ## High Yield Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2024 A | 0.032074 | | | Black Belt Energy Gas District, Series 2025, RB | 0.015439 | | | OH BUCGEN 5 06/01/2055 | 0.013683 | ✓ | | WI PUBTRN 6.5 12/31/2065 | 0.008971 | | | JH COLLATERAL | 0.008608 | | | California County Tobacco Securitization Agency | 0.008500 | | | DISTRICT OF COLUMBIA | 0.007918 | | | VIRGIN ISLANDS HOTEL DEV FING REGD OID B/E 6.00000000 | 0.007863 | | | Louisiana Publics Facilities Authority, Louisiana, Revenue Bonds, I-10 Calcasieu River Bridge Public-Private Partnership Project, Senior Lien Series 2 | 0.007782 | | | RED RIVER EDU FIN CORP TX HGR EDU REVENUE | 0.007779 | | | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTHCARE REVENUE | 0.007281 | | | Charlotte County Industrial Development Authority, Series 2021 A | 0.007195 | ✓ | | Eagle Avimor Community Infrastructure District 1, Ada, Boise, and Gem Counties, Idaho, Special Assessment Revenue Bonds, Assessment Area 6 Series 2024 | 0.006873 | | | ALACHUA FL HEAT 5.75% 10/1/2053 | 0.006382 | | | NEW JERSEY ST ECON DEV AUTH DO REGD OID B/E AMT 6.62500000 | 0.006351 | | | DESERTXPRESS ENTERPRISES LLC (MPT) 12.0% 01-01-65 | 0.006263 | | | PREREF MET WASHINGTON DC ARPTS AUTH D REGD OID B/E AG PREREFUNDED 10/01/26 @ 100 6.50000000 | 0.006200 | | | CHICAGO IL BRD OF EDU REGD B/E 6.25000000 | 0.006100 | | | WA WASHSG 6.25 01/01/2056 | 0.006081 | | | NY TRANS CORP 5.375% 6/30/2060 @ | 0.006073 | ✓ | | KS WYAGEN 5.5 03/01/2046 | 0.006064 | | | NEW HAMPSHIRE BUSINESS FINANCE NFAGEN 12/35 FIXED 5.25 | 0.006052 | | | PUBLIC FIN AUTH WI REVENUE REGD ZCP OID B/E 0.00000000 | 0.006038 | | | PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE | 0.005979 | | | Mobile (County of), AL Industrial Development Authority (AM/NS Calvert LLC), Series 2024, RB | 0.005946 | | | Higher Educational Facilities Financing Authority, Florida, Revenue Bonds, Keiser University Project, Series 2025 | 0.005902 | | | MASSACHUSETTS ST DEV FIN AGY S REGD OID B/E 6.50000000 | 0.005755 | ✓ | | NY TRANS CORP 5% 7/1/46 @ | 0.005670 | | | NEW HAMPSHIRE BUSINESS FINANCE NFAGEN 12/35 FIXED 5.375 | 0.005476 | | | PROMEDICA HEALTHCARE OBLIGATED GROUP 5.25% 11-15-48 | 0.005392 | | | Ohio County, WV Commission TIF Rev. Refg. (Highlands) | 0.005355 | | | VERMILION CREEK METROPOLITAN D VRCFAC 12/55 FIXED 5.875 | 0.005284 | | | Beaver County Industrial Development Authority, Series B | 0.005240 | | | VIRGINIA TOBACCO SENIOR-SER B1 | 0.005131 | | | MI GRADEV 6.12 11/01/2060 | 0.005083 | | | Pine View Public Infrastructure District No. 2, Series 2026 | 0.005083 | | | Public Finance Authority | 0.004971 | | | WYANDOTTE COUNTY-KANSAS CITY U WYAGEN 06/40 FIXED 4.5 | 0.004857 | ✓ | | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/54 FIXED OID 5 | 0.004754 | | | KANSAS CITY MO INDL DEV AUTH E REGD OID B/E 5.00000000 | 0.004745 | | | PUBLIC FINANCE AUTHORITY PUBEDU 03/61 FIXED OID 6.25 | 0.004711 | | | PORT OF GTR CINCINNATI DEV AUTH OH SPL OBLIG TIF REVENUE | 0.004363 | | | PONTE VEDRA PINE CO LLC OBLIGATED GROUP 6.75% 11-15-55 | 0.004245 | | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.004234 | | | NOVELIS CORP (MPT) 5.0% 06-01-55 | 0.004223 | | | WI PUBTRN 5.75 12/31/2065 | 0.004219 | ✓ | | FLORIDA ST LOCAL GOVT FIN COMMISSION EDUCTNL FACS REVENUE | 0.004215 | | | WOLF CREEK INFRASTRUCTURE FING REGD B/E 5.75000000 | 0.004193 | | | FLORIDA ST LOCAL GOVT FIN COMMISSION REVENUE | 0.004187 | | | MIAMI-DADE CNTY FL INDL DEV AUTH STUDENT HSG REVENUE | 0.004181 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-040951` (as of 2026-02-28) - N-PORT (fund B) — accession `0001193125-26-184474` (as of 2026-02-28) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _