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DWS Managed Municipal Bond A SMLAX

Analyst rating as of
NAV / 1-Day Return
9.24  /  0.02 %
Total Assets
3.6 Bil
Adj. Expense Ratio
Expense Ratio
Fee Level
Below Average
Longest Manager Tenure
21.81 years
Muni National Long
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
TTM Yield
Effective Duration

Morningstar’s Analysis

Will SMLAX outperform in future?

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

The Upcoming Retirement of DWS' Muni Head Doesn't Change the Ratings on DWS Managed Municipal Bond

Analyst Note

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Ashton Goodfield, head of DWS' municipal platform and a lead portfolio manager on several of its municipal-bond offerings, announced her retirement from the firm effective Sept. 30, 2021. Ashton joined the firm in 1986 and has been a comanager on DWS Managed Municipal Bond SCMBX since 1998 and lead manager since 2016. Chad Farrington and Matthew Caggiano, named on this strategy in 2018 and 1999, respectively, will succeed her as co-heads of DWS' U.S. municipal-bond team. Michael Generazo, who has also been a comanager on this strategy since 2010, will continue to contribute to its operations. Two of the three remaining portfolio managers have managed this strategy for more than a decade. The trio is backed by an experienced research team sufficient for this mandate, though the group has seen some turnover in the recent years. Therefore, this change does not impact the current ratings on DWS Managed Municipal Bond. The strategy maintains a People Pillar rating of Average, while its overall Morningstar Analyst Rating remains Neutral.

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