SMLAX – Fund Analysis – DWS Managed Municipal Bond A | Morningstar

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Will SMLAX outperform in the future?

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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 Jul 15, 2026 Published on Jul 15, 2026

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