Welcome to MutualFunds.com. Please help us personalize your experience.
Thank you for your submission, we hope you enjoy your experience

Select the one that best describes you
Mutualfunds logo

SMLCX Deutsche Managed Municipal Bond C

  • Fund
  • SMLCX
  • Price as of: Aug 08, 2016
  • $9.49
  • - $0.01
  • - 0.11%
  • Category
  • National Munis

SMLCX - Profile

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return 5.5%
  • 5 Yr Annualized Return 4.7%
  • Net Assets $5.67 B
  • Holdings in Top 10 8.5%

52 WEEK LOW AND HIGH

$9.49
$9.22
$9.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.61%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 29.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$500

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.05%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Deutsche Managed Municipal Bond Fund
  • Fund Family Name Deutsche Asset & Wealth Mngt
  • Inception Date Jun 11, 2001
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Michael J. Generazo

SMLCX - Performance

Return Ranking - Trailing

Period SMLCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.8% -2.5% 99.4% 34.15% 3
1 Yr 5.8% -5.8% 13.3% 41.71% 3
3 Yr 5.5% * -4.5% 9.4% 30.68% 2
5 Yr 4.7% * -0.5% 8.0% 35.42% 2
10 Yr 4.2% * -0.3% 5.9% 41.14% 3

* Annualized


Return Ranking - Calendar

Period SMLCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.9% -10.9% 99.6% 50.51% 4
2014 N/A 4.5% 4.5% N/A N/A
2013 N/A -6.5% -6.5% N/A N/A
2012 N/A 1.5% 1.5% N/A N/A
2011 N/A 3.3% 3.3% N/A N/A

Total Return Ranking - Trailing

Period SMLCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.8% -2.5% 99.4% 33.93% 3
1 Yr 4.8% -8.9% 13.3% 36.55% 2
3 Yr 5.5% * -5.4% 9.4% 23.22% 2
5 Yr 4.7% * -0.5% 8.0% 30.63% 2
10 Yr 4.2% * -0.3% 5.9% 36.50% 2

* Annualized


Total Return Ranking - Calendar

Period SMLCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.9% -10.9% 99.6% 50.51% 4
2014 N/A 4.5% 4.5% N/A N/A
2013 N/A -6.5% -6.5% N/A N/A
2012 N/A 1.5% 1.5% N/A N/A
2011 N/A 3.3% 3.3% N/A N/A

NAV & Total Return History

SMLCX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

SMLCX Category Low Category High SMLCX % Rank Quintile
Net Assets 5.67 B 491 K 52.2 B 2.58% 1
Number of Holdings 541 1 5633 9.52% 2
Net Assets in Top 10 482 M -90.5 M 1.34 B 2.74% 1
Weighting of Top 10 8.5% 0.0% 100.0% 27.58% 4

Top 10 Holdings

  1. California St Go Bds 6.5% 1.20%
  2. California St G O Bds 6% 1.04%
  3. New York Liberty Dev Corp Libe Rev 5.25% 0.97%
  4. Broward Cnty Fla Arpt Sys Rev Rev Bds 5% 0.82%
  5. Atlanta Ga Wtr & Waste Wtr Rev Re 5.375% 0.80%
  6. South Carolina St Pub Svcs Aut Rev 5.75% 0.80%
  7. Public Auth 6.5% 0.80%
  8. California St Various P 5% 0.74%
  9. San Francisco Calif City & Cnt Rev Bd 6% 0.71%
  10. Los Angeles Calif Mun Impt Cor Ref Bd 5% 0.66%

Asset Allocation

Weighting Category Low Category High SMLCX % Rank Quintile
Bonds
98.36% 0.00% 202.21% 7.09% 2
Cash
1.64% -110.85% 100.00% 25.16% 4
Other
0.00% -2.77% 30.50% 6.45% 2
Convertible Bonds
0.00% 0.00% 4.07% 0.65% 1
Preferred Stocks
0.00% 0.00% 11.63% 1.13% 2
Stocks
0.00% 0.00% 1.71% 1.13% 2

Bond Sector Breakdown

Weighting Category Low Category High SMLCX % Rank Quintile
Municipal
98.14% 0.00% 146.16% 7.10% 2
Cash & Equivalents
1.64% -110.85% 100.00% 25.48% 4
Government
0.23% -17.17% 117.34% 5.65% 1
Securitized
0.00% 0.00% 30.99% 2.26% 2
Corporate
0.00% 0.00% 33.65% 3.71% 2
Derivative
0.00% -0.52% 5.07% 0.48% 1

Bond Geographic Breakdown

Weighting Category Low Category High SMLCX % Rank Quintile
US
98.36% 0.00% 202.21% 7.10% 2
Non US
0.00% 0.00% 24.05% 0.97% 2

SMLCX - Expenses

Operational Fees

SMLCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.61% 0.09% 4.60% 5.48% 5
Management Fee 0.32% 0.00% 1.00% 4.35% 2
12b-1 Fee 1.00% 0.00% 1.00% 0.25% 5
Administrative Fee 0.10% 0.00% 0.35% 4.64% 3

Sales Fees

SMLCX Fees (% of AUM) Category Low Category High SMLCX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load 1.00% 0.50% 5.50% 4.19% 1

Trading Fees

SMLCX Fees (% of AUM) Category Low Category High SMLCX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SMLCX Fees (% of AUM) Category Low Category High SMLCX Rank Quintile
Turnover 29.00% 0.00% 783.51% 9.02% 4

SMLCX - Distributions

Dividend Yield Analysis

SMLCX Category Low Category High SMLCX % Rank Quintile
Dividend Yield 0.3% 0.00% 2.86% 30.13% 3

Dividend Distribution Analysis

SMLCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SMLCX Category Low Category High SMLCX % Rank Quintile
Net Income Ratio 3.05% -0.70% 5.26% 14.98% 2

Capital Gain Distribution Analysis

SMLCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

SMLCX - Managers

Michael J. Generazo

Manager

Start Date

Jun 01, 2010

Tenure

6.17

Tenure Rank

10.5%

Michael J. Generazo is a Director of Deutsche Asset Management. Since 2008, he has been a Director and a Portfolio Manager for DIMA. Mr. Generazo joined Deutsche Asset Management in 1999. He obtained his MBA degree from Suffolk University and his undergraduate degree, Bachelor of Science, from Bryant College. BS, Bryant College; MBA, Suffolk University."


Ashton P. Goodfield

Lead Manager

Start Date

Dec 31, 1998

Tenure

17.59

Tenure Rank

2.3%

ASHTON P. GOODFIELD, MANAGING DIRECTOR, CFA. Co-Lead Portfolio Manager of the fund, joined Deutsche Asset Management in 1986, managed municipal assets for individuals, insurance companies and other institutions as well as for mutual funds; served on the Finance Advisory Board of the Commonwealth of Massachusetts from 1990 to 2000, BA from Duke University.


Matthew J. Caggiano

Manager

Start Date

Dec 31, 1999

Tenure

16.59

Tenure Rank

2.7%

Matthew J. Caggiano, Joined Deutsche Asset & Wealth Management in 1989. Prior to that, portfolio manager for Scudder Managed Municipal Bond Tax Fund, Scudder California Tax-Free Income Fund and Scudder New York Tax-Free Income Fund: Boston Caggiano Joined the Company in 1989, with experience managing and trading for Insurance portfolios since 1995; previously serving as assistant trader for tax exempt Municipal Bond funds and research assistant for Municipal Bond group. BS from Pennsylvania State University; MS from Boston College.


Tenure Analysis

Category Low

0.1

Category High

36.9

Category Average

7.39

Category Mode

1.6