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Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

DWS Strategic Municipal Income Trust of Benef Interest

XKSMX | Fund

$10.16

$120 M

0.00%

1.85%

Vitals

YTD Return

0.7%

1 yr return

12.9%

3 Yr Avg Return

-7.2%

5 Yr Avg Return

-4.4%

Net Assets

$120 M

Holdings in Top 10

13.5%

52 WEEK LOW AND HIGH

$10.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.85%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 23.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

DWS Strategic Municipal Income Trust of Benef Interest

XKSMX | Fund

$10.16

$120 M

0.00%

1.85%

XKSMX - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return -7.2%
  • 5 Yr Annualized Total Return -4.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DWS Strategic Municipal Income Trust of Benef Interest
  • Fund Family Name
    DWS
  • Inception Date
    Sep 26, 2001
  • Shares Outstanding
    11203941
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Generazo

Fund Description

XKSMX - Performance

Return Ranking - Trailing

Period XKSMX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.2% 11.2% 94.61%
1 Yr 12.9% 1.9% 21.3% 56.37%
3 Yr -7.2%* -8.6% 2.8% 96.48%
5 Yr -4.4%* -5.1% 3.7% 96.43%
10 Yr 0.0%* -0.5% 155.4% 97.67%

* Annualized

Return Ranking - Calendar

Period XKSMX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -6.2% 7.5% 1.96%
2022 -25.8% -26.9% -3.5% 99.50%
2021 0.5% -1.9% 5.6% 88.38%
2020 0.6% -4.0% 4.2% 49.24%
2019 7.1% -0.7% 9.1% 8.90%

Total Return Ranking - Trailing

Period XKSMX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.2% 11.2% 94.61%
1 Yr 12.9% 1.9% 21.3% 56.37%
3 Yr -7.2%* -8.6% 2.8% 96.48%
5 Yr -4.4%* -5.1% 3.7% 96.43%
10 Yr 0.0%* -0.5% 155.4% 97.67%

* Annualized

Total Return Ranking - Calendar

Period XKSMX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -4.1% 10.9% 64.71%
2022 -25.8% -26.9% 4.3% 99.50%
2021 0.5% -1.9% 10.0% 93.43%
2020 0.6% -2.6% 8.2% 87.82%
2019 9.7% -0.7% 1028633.9% 25.65%

NAV & Total Return History

XKSMX - Holdings

Concentration Analysis

XKSMX Category Low Category High XKSMX % Rank
Net Assets 120 M 9.79 K 16.6 B 89.60%
Number of Holdings 369 1 3325 59.20%
Net Assets in Top 10 25.1 M -102 M 3.51 B 89.55%
Weighting of Top 10 13.48% 4.6% 98.8% 51.50%

Top 10 Holdings

  1. MASSACHUSETTS ST DEV FIN AGY REV 5% 2.88%
  2. PENNSYLVANIA ST TPK COMMN TPK REV 5% 1.42%
  3. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% 1.36%
  4. MATAGORDA CNTY TEX NAV DIST NO 1 POLLUTN CTL REV 4.4% 1.28%
  5. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 1.26%
  6. ARIZONA ST UNIV REVS 5% 1.19%
  7. TARRANT CNTY TEX CULTURAL ED FACS FIN CORP HOSP REV 5% 1.17%
  8. NEW JERSEY ST TPK AUTH TPK REV 4% 1.10%
  9. ILLINOIS ST 5% 1.09%
  10. TENDER OPT BD TR RCPTS / CTFS VAR STS 18.1% 1.09%

Asset Allocation

Weighting Return Low Return High XKSMX % Rank
Bonds 		99.73% 0.00% 146.69% 34.80%
Cash 		0.27% -0.64% 100.00% 66.17%
Stocks 		0.00% 0.00% 99.62% 92.65%
Preferred Stocks 		0.00% -47.61% 0.00% 89.55%
Other 		0.00% -5.59% 5.07% 81.59%
Convertible Bonds 		0.00% 0.00% 0.00% 89.05%

Bond Sector Breakdown

Weighting Return Low Return High XKSMX % Rank
Municipal 		99.73% 0.00% 100.00% 17.91%
Cash & Equivalents 		0.27% 0.00% 100.00% 32.84%
Derivative 		0.00% -7.53% 2.16% 79.60%
Securitized 		0.00% 0.00% 22.44% 89.05%
Corporate 		0.00% 0.00% 2.83% 93.53%
Government 		0.00% 0.00% 0.09% 89.05%

Bond Geographic Breakdown

Weighting Return Low Return High XKSMX % Rank
US 		97.09% 0.00% 139.84% 69.65%
Non US 		2.64% 0.00% 13.35% 5.47%

XKSMX - Expenses

Operational Fees

XKSMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.85% 0.22% 3.44% 10.84%
Management Fee 0.60% 0.00% 1.41% 88.73%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.35% N/A

Sales Fees

XKSMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

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

XKSMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 2.00% 121.00% 62.96%

XKSMX - Distributions

Dividend Yield Analysis

XKSMX Category Low Category High XKSMX % Rank
Dividend Yield 0.00% 0.00% 5.94% 98.53%

Dividend Distribution Analysis

XKSMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

XKSMX Category Low Category High XKSMX % Rank
Net Income Ratio 4.01% 1.11% 5.44% 11.76%

Capital Gain Distribution Analysis

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

Distributions History

View More +

XKSMX - Fund Manager Analysis

Managers

Michael Generazo

Start Date

Tenure

Tenure Rank

Jun 25, 2018

3.93

3.9%

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
0.25 21.43 7.55 2.52

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