SMLCX: DWS Managed Municipal Bond C

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SMLCX DWS Managed Municipal Bond C


Profile

SMLCX - Profile

Vitals

  • YTD Return -0.6%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $3.93 B
  • Holdings in Top 10 9.7%

52 WEEK LOW AND HIGH

$9.20
$8.37
$9.54

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.55%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.23%
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
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ashton Goodfield

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Categories

Performance

SMLCX - Performance

Return Ranking - Trailing

Period SMLCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -31.9% 954.3% 92.92%
1 Yr -0.9% -28.0% 949.8% 93.23%
3 Yr 0.1%* -17.5% 120.9% 84.27%
5 Yr -0.1%* -8.5% 60.6% 85.98%
10 Yr 0.0%* -5.2% 14.4% 73.59%

* Annualized

Return Ranking - Calendar

Period SMLCX Return Category Return Low Category Return High Rank in Category (%)
2019 4.3% -5.8% 20.3% 49.23%
2018 -3.2% -29.6% 4.6% 65.12%
2017 2.0% -6.0% 15.8% 24.33%
2016 -3.5% -7.8% 15.0% 92.41%
2015 -0.9% -11.6% 3.0% 45.10%

Total Return Ranking - Trailing

Period SMLCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -31.9% 954.3% 92.92%
1 Yr -0.9% -28.0% 949.8% 93.23%
3 Yr 0.1%* -17.5% 120.9% 85.51%
5 Yr -0.1%* -8.5% 60.6% 88.08%
10 Yr 0.0%* -5.2% 16.2% 80.17%

* Annualized

Total Return Ranking - Calendar

Period SMLCX Return Category Return Low Category Return High Rank in Category (%)
2019 4.3% -5.8% 20.3% 49.66%
2018 -3.2% -29.6% 4.6% 70.88%
2017 2.0% -6.0% 15.8% 33.81%
2016 -3.5% -7.8% 15.0% 93.24%
2015 -0.9% -9.9% 3.0% 51.19%

NAV & Total Return History


Holdings

SMLCX - Holdings

Concentration Analysis

SMLCX Category Low Category High SMLCX % Rank
Net Assets 3.93 B 619 K 88.4 B 14.79%
Number of Holdings 476 1 10083 36.57%
Net Assets in Top 10 381 M -202 M 26.9 B 21.42%
Weighting of Top 10 9.69% 2.6% 100.0% 87.75%

Top 10 Holdings

  1. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% 1.21%
  2. NEW YORK LIBERTY DEV CORP LIBERTY REV 5.25% 1.20%
  3. NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 4% 1.20%
  4. SOUTH CAROLINA ST PUB SVCS AUTH REV 5.75% 1.07%
  5. MIAMI-DADE CNTY FLA WTR & SWR REV 4% 0.98%
  6. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 0.90%
  7. BROWARD CNTY FLA ARPT SYS REV 5% 0.82%
  8. NORTH TEX TWY AUTH REV 6% 0.78%
  9. TARRANT CNTY TEX CULTURAL ED FACS FIN CORP REV 5% 0.77%
  10. COLORADO HEALTH FACS AUTH REV 5% 0.77%

Asset Allocation

Weighting Return Low Return High SMLCX % Rank
Bonds
99.80% 78.92% 199.79% 17.00%
Cash
0.20% -128.23% 19.68% 79.27%
Stocks
0.00% -4.99% 21.62% 96.18%
Preferred Stocks
0.00% -0.17% 22.02% 96.73%
Other
0.00% -9.40% 31.94% 89.50%
Convertible Bonds
0.00% 0.00% 9.45% 98.71%

Bond Sector Breakdown

Weighting Return Low Return High SMLCX % Rank
Municipal
99.80% 0.00% 100.06% 8.38%
Cash & Equivalents
0.20% -26.49% 93.17% 89.36%
Derivative
0.00% 0.00% 39.43% 96.32%
Securitized
0.00% 0.00% 97.53% 98.85%
Corporate
0.00% 0.00% 99.00% 98.94%
Government
0.00% -2.21% 99.96% 98.89%

Bond Geographic Breakdown

Weighting Return Low Return High SMLCX % Rank
US
99.40% 49.78% 199.79% 11.15%
Non US
0.40% -12.10% 39.65% 76.37%

Expenses

SMLCX - Expenses

Operational Fees

SMLCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.55% 0.01% 34.57% 16.48%
Management Fee 0.33% 0.00% 1.60% 30.45%
12b-1 Fee 1.00% 0.00% 1.00% 99.51%
Administrative Fee 0.10% 0.00% 0.50% 59.08%

Sales Fees

SMLCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 95.27%

Trading Fees

SMLCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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 35.00% 0.00% 496.90% 44.58%

Distributions

SMLCX - Distributions

Dividend Yield Analysis

SMLCX Category Low Category High SMLCX % Rank
Dividend Yield 0.00% 0.00% 3.88% 96.36%

Dividend Distribution Analysis

SMLCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

SMLCX Category Low Category High SMLCX % Rank
Net Income Ratio 2.23% -0.81% 6.02% 65.51%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SMLCX - Fund Manager Analysis

Managers

Ashton Goodfield


Start Date

Tenure

Tenure Rank

Dec 31, 1998

21.68

21.7%

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 Caggiano


Start Date

Tenure

Tenure Rank

Dec 31, 1999

20.68

20.7%

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

10.26

10.3%

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

1.73

1.7%

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
0.04 33.3 7.04 0.17