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SMLAX DWS Managed Municipal Bond A

  • Fund
  • SMLAX
  • Price as of: Apr 24, 2019
  • $9.07 + $0.01 + 0.11%
  • Category
  • National Munis

SMLAX - Profile

Vitals

  • YTD Return 2.1%
  • 3 Yr Annualized Return -1.2%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $4.07 B
  • Holdings in Top 10 9.2%

52 WEEK LOW AND HIGH

$9.07
$8.73
$9.08

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.77%

SALES FEES

  • Front Load 2.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 42.00%

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 2.1%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.08%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name DWS Managed Municipal Bond Fund
  • Fund Family Name DWS
  • Inception Date Jun 11, 2001
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States

SMLAX - Performance

Return Ranking - Trailing

Period SMLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% 0.0% 3.7% 20.75%
1 Yr 2.0% -2.7% 4.6% 41.67%
3 Yr -1.2%* -2.9% 1.7% 81.67%
5 Yr -0.2%* -1.8% 2.1% 61.83%
10 Yr 0.7%* -8.9% 3.3% 44.48%

* Annualized


Return Ranking - Calendar

Period SMLAX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.2% -4.8% 0.8% 86.51%
2017 2.0% -0.9% 5.6% 37.95%
2016 -3.5% -6.1% 7.3% 89.61%
2015 -0.9% -10.9% 2.6% 83.50%
2014 6.8% -60.4% 12.0% 18.07%

Total Return Ranking - Trailing

Period SMLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% 0.0% 3.8% 23.32%
1 Yr 2.0% -2.5% 7.1% 46.63%
3 Yr -1.2%* -2.9% 3.1% 84.93%
5 Yr -0.2%* -1.8% 3.7% 72.20%
10 Yr 0.7%* -8.9% 4.9% 56.44%

* Annualized


Total Return Ranking - Calendar

Period SMLAX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.2% -4.8% 1.7% 89.09%
2017 2.0% -0.9% 6.2% 45.38%
2016 -3.5% -6.1% 7.3% 92.26%
2015 -0.9% -9.6% 3.9% 85.95%
2014 6.8% -60.4% 12.0% 19.54%

NAV & Total Return History

SMLAX - Holdings

Concentration Analysis

SMLAX Category Low Category High SMLAX % Rank
Net Assets 4.07 B 775 K 65.3 B 15.22%
Number of Holdings 486 3 8026 39.21%
Net Assets in Top 10 369 M -224 M 1.76 B 14.85%
Weighting of Top 10 9.16% 2.5% 100.0% 78.02%

Top 10 Holdings

  1. NEW YORK LIBERTY DEV CORP LIBERTY REV 5.25% 1.22%

  2. SOUTH CAROLINA ST PUB SVCS AUTH REV 5.75% 1.05%

  3. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% 1.05%

  4. CALIFORNIA ST 5% 0.94%

  5. E 470 PUB HWY AUTH COLO REV 0% 0.90%

  6. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 0.84%

  7. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 0.81%

  8. NORTH TEX TWY AUTH REV 6% 0.80%

  9. BROWARD CNTY FLA ARPT SYS REV 5% 0.78%

  10. DE KALB CNTY GA WTR & SEW REV 5.25% 0.77%


Asset Allocation

Weighting Return Low Return High SMLAX % Rank
Bonds
99.67% 66.80% 105.94% 21.78%
Cash
0.33% -5.94% 29.34% 75.64%
Stocks
0.00% 0.00% 0.02% 37.82%
Preferred Stocks
0.00% 0.00% 9.24% 37.82%
Other
0.00% -1.35% 30.00% 43.17%
Convertible Bonds
0.00% 0.00% 2.54% 38.42%

Bond Sector Breakdown

Weighting Return Low Return High SMLAX % Rank
Municipal
99.67% 0.00% 115.16% 19.80%
Cash & Equivalents
0.33% -7.72% 29.34% 74.65%
Derivative
0.00% 0.00% 0.01% 38.22%
Securitized
0.00% 0.00% 25.65% 40.00%
Corporate
0.00% 0.00% 39.97% 46.73%
Government
0.00% -16.67% 71.35% 38.61%

Bond Geographic Breakdown

Weighting Return Low Return High SMLAX % Rank
US
99.67% 52.43% 102.07% 12.67%
Non US
0.00% 0.00% 27.66% 78.42%

SMLAX - Expenses

Operational Fees

SMLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.08% 4.80% 49.01%
Management Fee 0.33% 0.00% 0.65% 22.92%
12b-1 Fee 0.24% 0.00% 1.00% 28.57%
Administrative Fee 0.10% 0.01% 0.34% 51.60%

Sales Fees

SMLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.75% 0.50% 5.75% 60.74%
Deferred Load N/A 0.50% 5.50% N/A

Trading Fees

SMLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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.

SMLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.00% 0.00% 504.54% 70.75%

SMLAX - Distributions

Dividend Yield Analysis

SMLAX Category Low Category High SMLAX % Rank
Dividend Yield 0.03% 0.00% 0.31% 44.86%

Dividend Distribution Analysis

SMLAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

SMLAX Category Low Category High SMLAX % Rank
Net Income Ratio 3.08% 0.01% 4.95% 22.33%

Capital Gain Distribution Analysis

SMLAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

SMLAX - Managers

Tenure Analysis

Category Low

0.01

Category High

39.52

Category Average

7.83

Category Mode

4.07