The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SZMIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the SZMIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of SZMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
No red flags, but no clear edge, either.
Maciej Kowara
Principal
Summary
DWS Intermediate Tax-Free is a competently run, revenue-sector-tilted national intermediate muni fund that has yet to distinguish itself over long horizons.