SRMAX – DWS Short Term Municipal Bond A Investment Strategy | Morningstar

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Strategy

The investment seeks a high level of income exempt from regular federal income tax, consistent with the preservation of capital. Under normal market conditions, the fund invests at least 80% of its assets, determined at the time of purchase, in municipal securities that pay interest exempt from regular federal income tax. It invests primarily in investment grade municipal securities (securities within the top four credit rating categories) and up to 20% of total assets in the fourth highest credit rating category or, if unrated, determined by the Advisor to be of similar quality.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SRMSX	DWS Short Term Municipal Bond Fund - Class S	No Load	Open			Feb 28, 2005	$9.10M	0.390%	Below Average	$2,500	−$2.62M
MGSMX	DWS Short Term Municipal Bond Fund - Class Inst	Institutional	Open			Mar 6, 1995	$70.70M	0.340%	Below Average	$1M	$288,431.48
SRMAX	DWS Short Term Municipal Bond Fund - Class A	Front Load	Open			Feb 28, 2003	$43.51M	0.590%	Low	$1,000	−$4.58M
SRMCX	DWS Short Term Municipal Bond Fund - Class C	Level Load	Open			Feb 28, 2003	$887,750.00	1.340%	Average	$1,000	$53,711.04

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