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Morningstar

DWS Managed Municipal Bond Inst SMLIX

Morningstar Medalist Rating
Medalist Rating as of | See DWS Investment Hub
  • NAV / 1-Day Return 7.97  /  0.26 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.510%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.24%
  • Effective Duration 8.15 years

USD | NAV as of Nov 30, 2023 | 1-Day Return as of Nov 30, 2023, 11:22 PM GMT+0

Morningstar’s Analysis SMLIX

Will SMLIX outperform in 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 SMLIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

Solid, but more to prove.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Experienced managers remain at the helm at DWS Managed Municipal Bond after a few years of turnover, but it’s still too early to decide whether this reshaped group holds a durable edge over peers.

by Max Curtin
Rated on Published on

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Portfolio Holdings SMLIX

More SMLIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 412
  • Other Holdings 4
  • % Assets in Top 10 Holdings 10.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5%

1.70
33,970,161
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

1.22
24,390,243
municipal

SOUTHEASTERN PA TRANSN AUTH REV 5.25%

1.04
20,827,268
municipal

PORT AUTH N Y & N J 5%

1.02
20,498,508
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 5%

1.01
20,278,127
municipal

NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5%

1.00
20,007,465
municipal

TEXAS WTR DEV BRD REV 4%

1.00
19,990,238
municipal

TARRANT CNTY TEX CULTURAL ED FACS FIN CORP REV 5%

1.00
19,920,702
municipal

CALIFORNIA HSG FIN AGY MUN CTFS 3.75%

0.90
18,052,505
municipal

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

0.90
17,933,433
municipal