Morningstar

DWS Managed Municipal Bond Fund - Class A SMLAX

Morningstar Medalist Rating
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Medalist Rating as of See DWS Investment Hub
  • NAV / 1-Day Return $7.50  /  +0.67 %
  • Fund Size $1.4B
  • Adjusted Expense Ratio 0.780%
  • Net Expense Ratio 0.830%
  • Fee Level: Distribution Above Average
  • Share Class Type Front Load
  • Morningstar Category Muni National Long
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 4.23%
  • Average Effective Duration 8.26 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis SMLAX

Will SMLAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SMLAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SMLAX 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 SMLAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

No thoroughbred, but a dependable draft horse.

Principal Maciej Kowara

Maciej Kowara

Principal

Summary

DWS Managed Municipal Bond may not finish ahead of the pack, but it can complete the race.

by Maciej Kowara
Rated on Published on

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Portfolio Holdings SMLAX

More SMLAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5%

2.21 35M
municipal

NEW YORK N Y 5.25%

1.32 21M
municipal

COLUMBUS OHIO REGL ARPT AUTH REV 5.5%

1.17 18M
municipal

M-S-R ENERGY AUTH CALIF GAS REV 7%

1.15 18M
municipal

WASHINGTON ST HEALTH CARE FACS AUTH REV 5%

1.14 18M
municipal

NEW JERSEY ECONOMIC DEV AUTH REV 5.5%

1.06 17M
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.5%

1.02 16M
municipal

DALLAS TEX INDPT SCH DIST 5%

1.01 16M
municipal

LAMAR TEX CONS INDPT SCH DIST 5%

0.87 14M
municipal

AUSTIN TEX INDPT SCH DIST 5.25%

0.83 13M
municipal

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