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DWS Strategic High Yield Tax-Free Fund - Class A NOTAX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | NOTAX | Replication |
|---|---|---|
| Annualized growth | -0.7% | -0.4% |
| Annualized volatility | 7.0% | 5.3% |
| Sharpe ratio | -0.06 | -0.04 |
| Maximum drawdown | 20.8% | 13.7% |
| Replication fit (R²) | 0.88 · Tracking error 2.4% | |
Replication portfolio
The published portfolio below is the investable basket used to model NOTAX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 89.5% |
| VCLT | FI · Long Corp | 10.5% |