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SMLCX Deutsche Managed Municipal Bond C

  • Fund
  • SMLCX
  • Price as of: Dec 15, 2017
  • $9.17
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

SMLCX - Profile

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return 1.8%
  • 5 Yr Annualized Return 1.5%
  • Net Assets $4.95 B
  • Holdings in Top 10 8.1%

52 WEEK LOW AND HIGH

$9.17
$8.94
$9.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.58%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 38.00%

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 2.0%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.61%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Deutsche Managed Municipal Bond Fund
  • Fund Family Name Deutsche Asset Management
  • 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 2.0% -13.2% 99.4% 27.83% 2
1 Yr 4.5% -5.8% 10.7% 38.93% 2
3 Yr 1.8% * -4.5% 7.0% 55.15% 3
5 Yr 1.5% * -0.7% 5.8% 56.91% 3
10 Yr 3.6% * -0.5% 5.9% 45.30% 3

* Annualized


Return Ranking - Calendar

Period SMLCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -3.5% -8.5% 7.3% 59.29% 5
2015 -0.9% -10.9% 7.2% 50.09% 5
2014 6.8% -7.7% 12.0% 11.69% 1
2013 -7.7% -11.9% 5.4% 60.57% 5
2012 5.1% -7.1% 10.2% 14.02% 2

Total Return Ranking - Trailing

Period SMLCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.0% -13.2% 99.4% 27.83% 2
1 Yr 3.5% -8.9% 10.1% 35.02% 2
3 Yr 1.8% * -5.4% 7.0% 41.75% 3
5 Yr 1.5% * -1.6% 5.8% 48.55% 3
10 Yr 3.6% * -0.5% 5.9% 41.34% 3

* Annualized


Total Return Ranking - Calendar

Period SMLCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -3.5% -8.2% 7.3% 63.18% 5
2015 -0.8% -9.7% 6.9% 60.17% 5
2014 6.8% -7.7% 17.0% 15.53% 2
2013 -7.7% -11.9% 5.1% 63.81% 5
2012 5.1% -0.6% 17.8% 20.53% 2

NAV & Total Return History

SMLCX - Holdings

Filings data as of: Oct 31, 2017

Concentration Analysis

SMLCX Category Low Category High SMLCX % Rank Quintile
Net Assets 4.95 B 491 K 56 B 4.03% 1
Number of Holdings 503 1 7001 11.94% 2
Net Assets in Top 10 403 M -162 M 1.43 B 4.52% 1
Weighting of Top 10 8.1% 0.0% 100.0% 31.77% 5

Top 10 Holdings

  1. New York Liberty Dev Corp Libe Rev 5.25% 1.03%
  2. Broward Cnty Fla Arpt Sys Rev Rev Bds 5% 0.89%
  3. Public Auth 6.5% 0.85%
  4. South Dakota St Health & Edl F Rev Re 5% 0.83%
  5. South Carolina St Pub Svcs Aut Rev 5.75% 0.82%
  6. California St Various P 5% 0.81%
  7. Houston Tex Util Sys Rev For I Comb U 5% 0.77%
  8. E 470 Pub Hwy Auth 0.72%
  9. New York St Dorm Auth 5% 0.71%
  10. North Tex Twy Auth 6% 0.70%

Asset Allocation

Weighting Category Low Category High SMLCX % Rank Quintile
Bonds
99.79% 0.00% 202.21% 3.70% 1
Cash
0.20% -110.85% 100.00% 27.90% 4
Stocks
0.00% 0.00% 1.02% 0.97% 2
Preferred Stocks
0.00% 0.00% 19.17% 1.94% 2
Other
0.00% -2.77% 30.00% 6.45% 2
Convertible Bonds
0.00% 0.00% 2.30% 0.65% 2

Bond Sector Breakdown

Weighting Category Low Category High SMLCX % Rank Quintile
Municipal
99.80% 0.00% 122.29% 3.87% 1
Cash & Equivalents
0.20% -110.85% 100.00% 27.26% 4
Derivative
0.00% -6.22% 5.74% 0.65% 1
Securitized
0.00% 0.00% 30.04% 2.74% 2
Corporate
0.00% -1.49% 28.60% 4.03% 2
Government
0.00% -27.41% 117.34% 5.48% 2

Bond Geographic Breakdown

Weighting Category Low Category High SMLCX % Rank Quintile
US
99.77% 0.00% 202.21% 3.23% 1
Non US
0.02% 0.00% 20.20% 11.45% 3

SMLCX - Expenses

Operational Fees

SMLCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.58% 0.09% 4.60% 5.31% 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% 4.97% 2

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% 4.14% 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 38.00% 0.42% 905.27% 7.57% 4

SMLCX - Distributions

Dividend Yield Analysis

SMLCX Category Low Category High SMLCX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.01% 30.83% 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 2.61% -0.41% 5.26% 18.52% 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

7.5

Tenure Rank

10.6%

Portfolio Manager for Municipal Bond Funds: Boston, MA Joined the Company in 1999 with 6 years of industry experience. Prior to his current role, Michael was a Municipal Bond Trader for Private Investment Clients. Previously, he served as a Trader and Portfolio Manager at Breckenridge Capital Advisors and as a Senior Financial Reporting Analyst at Massachusetts Financial Services. Michael began his career as a Financial Reporting Analyst at The Boston Company BS from Bryant College; MBA from Suffolk University


Ashton P. Goodfield

Lead Manager

Start Date

Dec 31, 1998

Tenure

18.93

Tenure Rank

2.3%

Co-Head Municipal Bond Department and Portfolio Manager for Municipal Bond Mutual Funds: Boston, MA Joined the Company in 1986. Prior to her current role, Ashton was Head of Municipal Bond Trading. Over the course of her career, Ashton has managed municipal assets for individuals, mutual funds, insurance companies and other institutions BA from Duke University; CFA Charterholder


Matthew J. Caggiano

Manager

Start Date

Dec 31, 1999

Tenure

17.93

Tenure Rank

2.6%

Portfolio Manager for Municipal Bonds: Boston, MA Joined the Company in 1989. Prior to his current role, Matthew served as a Portfolio Manager and Trader for Insurance portfolios. Previously, Matthew served as an Assistant Trader for Tax Exempt Municipal Bond funds and as a Research Assistant for the Municipal Bond Group BS from Pennsylvania State University; MS from Boston College; CFA Charterholder


Tenure Analysis

Category Low

0.0

Category High

38.1

Category Average

7.76

Category Mode

0.7