SMLIX: DWS Managed Municipal Bond Fund - MutualFunds.com
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DWS Managed Municipal Bond Inst

SMLIX - Snapshot

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return 4.8%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $3.77 B
  • Holdings in Top 10 10.3%

52 WEEK LOW AND HIGH

$9.43
$9.12
$9.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.55%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Compare SMLIX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.85

0.00%

$85.72 B

-

$0.00

-0.07%

0.17%

$11.24

0.00%

$36.46 B

-

$0.00

-0.18%

0.17%

$13.72

-0.07%

$26.46 B

-

$0.00

0.73%

0.52%

$117.33

-0.01%

$22.01 B

-

-

0.11%

0.07%

$15.93

0.00%

$21.98 B

-

$0.00

-0.13%

0.17%

SMLIX - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 4.8%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DWS Managed Municipal Bond Fund
  • Fund Family Name
    DWS
  • Inception Date
    Aug 19, 2002
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ashton Goodfield

Fund Description

The fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in securities issued by municipalities across the United States and in other securities whose income is free from regular federal income tax. It may invest up to 20% of net assets in securities whose income is subject to the federal alternative minimum tax (AMT). The fund normally invests at least 65% of total assets in municipal securities rated in the three highest credit rating categories. It may invest up to 10% of total assets in high yield debt securities.


SMLIX - Performance

Return Ranking - Trailing

Period SMLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.2% 7.4% 33.89%
1 Yr 7.7% -1.3% 22.3% 20.75%
3 Yr 4.8%* 0.3% 10.0% 27.68%
5 Yr 3.3%* -0.6% 7.8% 29.30%
10 Yr 4.5%* -0.2% 9.6% 24.64%

* Annualized

Return Ranking - Calendar

Period SMLIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.0% -2.8% 310.0% 81.41%
2019 4.3% -0.3% 15.4% 32.07%
2018 -3.2% -10.3% 97.2% 86.34%
2017 2.1% -100.0% 7.6% 31.65%
2016 -3.5% -7.9% 96.8% 81.64%

Total Return Ranking - Trailing

Period SMLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.2% 7.3% 33.89%
1 Yr 7.7% -5.4% 22.3% 16.84%
3 Yr 4.8%* -1.7% 10.0% 23.36%
5 Yr 3.3%* -1.8% 7.8% 25.33%
10 Yr 4.5%* -0.4% 9.6% 22.82%

* Annualized

Total Return Ranking - Calendar

Period SMLIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.0% -2.8% 310.0% 81.41%
2019 4.3% -0.3% 15.4% 32.97%
2018 -3.2% -10.3% 11.0% 87.56%
2017 2.1% -100.0% 7.6% 36.21%
2016 -3.5% -7.9% 3.0% 83.91%

NAV & Total Return History


SMLIX - Holdings

Concentration Analysis

SMLIX Category Low Category High SMLIX % Rank
Net Assets 3.77 B 907 K 85.7 B 9.93%
Number of Holdings 457 3 11766 26.18%
Net Assets in Top 10 386 M -241 M 4.15 B 9.05%
Weighting of Top 10 10.32% 2.3% 100.0% 81.99%

Top 10 Holdings

  1. NEW YORK ST TWY AUTH GEN REV JR INDBT OBLIGS 4% 1.25%
  2. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% 1.24%
  3. NEW YORK LIBERTY DEV CORP LIBERTY REV 5.25% 1.24%
  4. PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% 1.09%
  5. SOUTH CAROLINA ST PUB SVCS AUTH REV 5.75% 1.09%
  6. MIAMI-DADE CNTY FLA WTR & SWR REV 4% 1.02%
  7. NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 0.93%
  8. MIAMI-DADE CNTY FLA TRAN SYS SALES SURTAX REV 4% 0.93%
  9. BROWARD CNTY FLA ARPT SYS REV 5% 0.83%
  10. COLORADO HEALTH FACS AUTH REV 5% 0.81%

Asset Allocation

Weighting Return Low Return High SMLIX % Rank
Bonds
99.95% 65.18% 145.79% 20.76%
Cash
0.04% -45.79% 34.82% 78.77%
Stocks
0.00% -0.06% 2.34% 35.44%
Preferred Stocks
0.00% -0.94% 1.06% 33.69%
Other
0.00% -13.58% 30.00% 35.86%
Convertible Bonds
0.00% 0.00% 1.24% 33.92%

Bond Sector Breakdown

Weighting Return Low Return High SMLIX % Rank
Municipal
99.96% 42.61% 100.00% 15.88%
Cash & Equivalents
0.04% 0.00% 34.82% 80.76%
Derivative
0.00% 0.00% 0.85% 33.64%
Securitized
0.00% 0.00% 7.07% 35.74%
Corporate
0.00% 0.00% 15.60% 44.56%
Government
0.00% 0.00% 50.29% 38.99%

Bond Geographic Breakdown

Weighting Return Low Return High SMLIX % Rank
US
98.80% 65.18% 141.11% 19.24%
Non US
1.15% 0.00% 23.68% 50.14%

SMLIX - Expenses

Operational Fees

SMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.01% 16.95% 77.14%
Management Fee 0.33% 0.00% 1.12% 19.37%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.47% 34.46%

Sales Fees

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

Trading Fees

SMLIX 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.

SMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 0.00% 299.40% 77.25%

SMLIX - Distributions

Dividend Yield Analysis

SMLIX Category Low Category High SMLIX % Rank
Dividend Yield 0.00% 0.00% 1.77% 38.20%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SMLIX Category Low Category High SMLIX % Rank
Net Income Ratio 3.22% -1.65% 5.71% 9.06%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

SMLIX - Fund Manager Analysis

Managers

Ashton Goodfield


Start Date

Tenure

Tenure Rank

Dec 31, 1998

22.43

22.4%

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

21.43

21.4%

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

11.01

11.0%

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

2.47

2.5%

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
0.01 36.19 7.08 0.58