DWS Managed Municipal Bond Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.5%
1 yr return
2.5%
3 Yr Avg Return
-2.4%
5 Yr Avg Return
-0.1%
Net Assets
$2.04 B
Holdings in Top 10
10.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.58%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 29.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SMLCX - Profile
Distributions
- YTD Total Return -0.5%
- 3 Yr Annualized Total Return -2.4%
- 5 Yr Annualized Total Return -0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.99%
- Dividend Yield 2.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDWS Managed Municipal Bond Fund
-
Fund Family NameDWS
-
Inception DateJun 11, 2001
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Caggiano
SMLCX - Performance
Return Ranking - Trailing
Period | SMLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -3.6% | 11.7% | 67.90% |
1 Yr | 2.5% | -4.6% | 33.3% | 53.97% |
3 Yr | -2.4%* | -11.1% | 2.6% | 90.65% |
5 Yr | -0.1%* | -6.2% | 1102.2% | 88.73% |
10 Yr | 1.2%* | -0.5% | 248.3% | 74.57% |
* Annualized
Return Ranking - Calendar
Period | SMLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.9% | -1.4% | 41.0% | 12.51% |
2022 | -14.9% | -39.7% | 0.3% | 88.32% |
2021 | -1.2% | -5.6% | 6.9% | 80.94% |
2020 | 1.1% | -2.6% | 310.0% | 79.16% |
2019 | 4.3% | 0.0% | 26.0% | 31.82% |
Total Return Ranking - Trailing
Period | SMLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -3.6% | 11.7% | 67.90% |
1 Yr | 2.5% | -4.6% | 33.3% | 53.97% |
3 Yr | -2.4%* | -11.1% | 2.6% | 90.65% |
5 Yr | -0.1%* | -6.2% | 1102.2% | 88.73% |
10 Yr | 1.2%* | -0.5% | 248.3% | 74.57% |
* Annualized
Total Return Ranking - Calendar
Period | SMLCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.7% | -1.3% | 41.0% | 23.91% |
2022 | -12.8% | -39.7% | 1.1% | 89.38% |
2021 | 1.4% | -4.8% | 23761504.0% | 54.32% |
2020 | 3.2% | -1.5% | 17057.9% | 68.36% |
2019 | 6.7% | 0.2% | 3514.6% | 46.24% |
NAV & Total Return History
SMLCX - Holdings
Concentration Analysis
SMLCX | Category Low | Category High | SMLCX % Rank | |
---|---|---|---|---|
Net Assets | 2.04 B | 3.22 M | 71.9 B | 16.51% |
Number of Holdings | 412 | 2 | 13067 | 30.08% |
Net Assets in Top 10 | 220 M | -317 M | 3.56 B | 17.74% |
Weighting of Top 10 | 10.81% | 2.0% | 100.2% | 80.62% |
Top 10 Holdings
- PUBLIC AUTH FOR COLORADO ST ENERGY NATURAL GAS PURCHASE REVE 1.82%
- NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE 1.31%
- S ESTRN PA TRANSPRTN AUTH 1.08%
- TEXAS ST WTR DEV BRD 1.02%
- TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE 1.01%
- INDIANA ST FIN AUTH REVENUE 0.99%
- M-S-R CA ENERGY AUTH GAS REVENUE 0.95%
- WASHINGTON ST HLTH CARE FACS AUTH 0.91%
- NEW JERSEY ST ECON DEV AUTH REVENUE 0.87%
- ORANGE CNTY FL SCH BRD COPS 0.85%
Asset Allocation
Weighting | Return Low | Return High | SMLCX % Rank | |
---|---|---|---|---|
Bonds | 98.55% | 0.00% | 150.86% | 52.14% |
Cash | 0.76% | -50.86% | 46.80% | 68.62% |
Stocks | 0.69% | 0.00% | 99.81% | 4.74% |
Preferred Stocks | 0.00% | 0.00% | 0.10% | 78.49% |
Other | 0.00% | -3.18% | 23.38% | 77.19% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 78.41% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SMLCX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.00% | N/A |
Technology | 0.00% | 0.00% | 0.00% | N/A |
Real Estate | 0.00% | 0.00% | 0.00% | N/A |
Industrials | 0.00% | 0.00% | 100.00% | N/A |
Healthcare | 0.00% | 0.00% | 0.00% | N/A |
Financial Services | 0.00% | 0.00% | 0.00% | N/A |
Energy | 0.00% | 0.00% | 0.00% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 0.00% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
Basic Materials | 0.00% | 0.00% | 0.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SMLCX % Rank | |
---|---|---|---|---|
US | 0.69% | 0.00% | 99.81% | 4.74% |
Non US | 0.00% | 0.00% | 10.75% | 78.49% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SMLCX % Rank | |
---|---|---|---|---|
Municipal | 99.64% | 44.39% | 100.00% | 26.09% |
Corporate | 0.36% | 0.00% | 9.41% | 7.11% |
Cash & Equivalents | 0.00% | 0.00% | 46.24% | 55.95% |
Derivative | 0.00% | -3.18% | 23.38% | 76.02% |
Securitized | 0.00% | 0.00% | 5.93% | 79.19% |
Government | 0.00% | 0.00% | 52.02% | 81.08% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SMLCX % Rank | |
---|---|---|---|---|
US | 98.55% | 0.00% | 142.23% | 49.58% |
Non US | 0.00% | 0.00% | 23.89% | 82.00% |
SMLCX - Expenses
Operational Fees
SMLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.58% | 0.01% | 20.65% | 10.93% |
Management Fee | 0.34% | 0.00% | 1.20% | 23.70% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 96.80% |
Administrative Fee | 0.10% | 0.01% | 0.44% | 42.86% |
Sales Fees
SMLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | 1.00% | 0.25% | 5.00% | 83.06% |
Trading Fees
SMLCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
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 Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 29.00% | 0.00% | 283.00% | 78.16% |
SMLCX - Distributions
Dividend Yield Analysis
SMLCX | Category Low | Category High | SMLCX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.77% | 0.00% | 14.51% | 61.17% |
Dividend Distribution Analysis
SMLCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
SMLCX | Category Low | Category High | SMLCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.99% | -0.53% | 5.33% | 47.86% |
Capital Gain Distribution Analysis
SMLCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.019 | OrdinaryDividend |
Mar 28, 2024 | $0.018 | OrdinaryDividend |
Feb 29, 2024 | $0.019 | OrdinaryDividend |
Jan 31, 2024 | $0.018 | OrdinaryDividend |
Dec 29, 2023 | $0.018 | OrdinaryDividend |
Dec 05, 2023 | $0.002 | CapitalGainShortTerm |
Nov 30, 2023 | $0.018 | OrdinaryDividend |
Oct 31, 2023 | $0.018 | OrdinaryDividend |
Sep 29, 2023 | $0.018 | OrdinaryDividend |
Aug 31, 2023 | $0.017 | OrdinaryDividend |
Jul 31, 2023 | $0.017 | OrdinaryDividend |
Jun 30, 2023 | $0.017 | OrdinaryDividend |
May 31, 2023 | $0.016 | OrdinaryDividend |
Apr 28, 2023 | $0.017 | OrdinaryDividend |
Mar 31, 2023 | $0.016 | OrdinaryDividend |
Feb 28, 2023 | $0.018 | OrdinaryDividend |
Jan 31, 2023 | $0.016 | OrdinaryDividend |
Dec 23, 2022 | $0.017 | OrdinaryDividend |
Dec 05, 2022 | $0.006 | CapitalGainShortTerm |
Nov 23, 2022 | $0.017 | OrdinaryDividend |
Oct 25, 2022 | $0.017 | OrdinaryDividend |
Sep 26, 2022 | $0.017 | OrdinaryDividend |
Aug 25, 2022 | $0.016 | OrdinaryDividend |
Jul 25, 2022 | $0.015 | OrdinaryDividend |
Jun 24, 2022 | $0.016 | OrdinaryDividend |
May 24, 2022 | $0.015 | OrdinaryDividend |
Apr 25, 2022 | $0.015 | OrdinaryDividend |
Mar 25, 2022 | $0.014 | OrdinaryDividend |
Feb 22, 2022 | $0.015 | OrdinaryDividend |
Jan 25, 2022 | $0.013 | OrdinaryDividend |
Dec 31, 2021 | $0.013 | OrdinaryDividend |
Dec 03, 2021 | $0.004 | CapitalGainShortTerm |
Dec 03, 2021 | $0.078 | CapitalGainLongTerm |
Nov 30, 2021 | $0.014 | OrdinaryDividend |
Oct 29, 2021 | $0.014 | OrdinaryDividend |
Sep 30, 2021 | $0.014 | OrdinaryDividend |
Aug 31, 2021 | $0.014 | OrdinaryDividend |
Jun 30, 2021 | $0.015 | OrdinaryDividend |
May 28, 2021 | $0.014 | OrdinaryDividend |
Apr 30, 2021 | $0.015 | OrdinaryDividend |
Mar 31, 2021 | $0.015 | OrdinaryDividend |
Feb 26, 2021 | $0.016 | OrdinaryDividend |
Jan 29, 2021 | $0.014 | OrdinaryDividend |
Dec 24, 2020 | $0.015 | OrdinaryDividend |
Dec 03, 2020 | $0.004 | CapitalGainShortTerm |
Nov 23, 2020 | $0.014 | OrdinaryDividend |
Oct 26, 2020 | $0.015 | OrdinaryDividend |
Sep 24, 2020 | $0.016 | OrdinaryDividend |
Aug 25, 2020 | $0.015 | OrdinaryDividend |
Jul 27, 2020 | $0.016 | OrdinaryDividend |
Jun 24, 2020 | $0.016 | OrdinaryDividend |
May 22, 2020 | $0.017 | OrdinaryDividend |
Apr 24, 2020 | $0.017 | OrdinaryDividend |
Mar 25, 2020 | $0.017 | OrdinaryDividend |
Feb 24, 2020 | $0.017 | OrdinaryDividend |
Jan 27, 2020 | $0.017 | OrdinaryDividend |
Dec 24, 2019 | $0.016 | OrdinaryDividend |
Dec 04, 2019 | $0.001 | CapitalGainShortTerm |
Dec 04, 2019 | $0.016 | CapitalGainLongTerm |
Nov 22, 2019 | $0.016 | OrdinaryDividend |
Oct 25, 2019 | $0.018 | OrdinaryDividend |
Sep 24, 2019 | $0.017 | OrdinaryDividend |
Aug 26, 2019 | $0.018 | OrdinaryDividend |
Jul 25, 2019 | $0.018 | OrdinaryDividend |
Dec 06, 2018 | $0.001 | CapitalGainShortTerm |
Dec 05, 2017 | $0.003 | CapitalGainShortTerm |
Dec 05, 2016 | $0.004 | CapitalGainShortTerm |
Dec 03, 2015 | $0.002 | CapitalGainShortTerm |
Dec 04, 2012 | $0.004 | CapitalGainShortTerm |
Dec 05, 2011 | $0.002 | CapitalGainShortTerm |
Dec 03, 2010 | $0.001 | CapitalGainShortTerm |
Dec 03, 2010 | $0.000 | CapitalGainLongTerm |
Dec 03, 2009 | $0.002 | CapitalGainShortTerm |
Dec 03, 2009 | $0.006 | CapitalGainLongTerm |
Nov 26, 2008 | $0.003 | CapitalGainShortTerm |
Nov 26, 2008 | $0.031 | CapitalGainLongTerm |
Nov 28, 2007 | $0.001 | CapitalGainShortTerm |
Nov 28, 2007 | $0.008 | CapitalGainLongTerm |
Nov 28, 2006 | $0.020 | CapitalGainShortTerm |
Nov 28, 2006 | $0.034 | CapitalGainLongTerm |
SMLCX - Fund Manager Analysis
Managers
Matthew Caggiano
Start Date
Tenure
Tenure Rank
Dec 31, 1999
22.43
22.4%
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
Michael Generazo
Start Date
Tenure
Tenure Rank
Jun 01, 2010
12.01
12.0%
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
Chad Farrington
Start Date
Tenure
Tenure Rank
Dec 10, 2018
3.47
3.5%
Portfolio Manager for Municipal Bonds - Joined DWS in 2018 with 20 years of industry experience; previously, worked as Portfolio Manager, Head of Municipal Research, and Senior Credit Analyst at Columbia Threadneedle - BS, Montana State University
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.37 | 1.58 |