DWS Managed Municipal Bond Fund - Class S (SCMBX)
| Fund Assets | 1.66B |
| Expense Ratio | 0.56% |
| Min. Investment | $2,500 |
| Turnover | 47.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 4.10% |
| Dividend Growth | 6.48% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 27, 2026 |
| Previous Close | 8.05 |
| YTD Return | 0.75% |
| 1-Year Return | 3.19% |
| 5-Year Return | 1.63% |
| 52-Week Low | 7.48 |
| 52-Week High | 8.06 |
| Beta (5Y) | n/a |
| Holdings | 384 |
| Inception Date | Oct 14, 1976 |
About SCMBX
DWS Managed Municipal Bond Fund - Class S is an open‑end municipal bond mutual fund focused on generating federally tax‑exempt income through a diversified portfolio of intermediate‑ to long‑term municipal securities. The strategy emphasizes broad exposure to revenue and general obligation bonds across states and essential-service sectors such as transportation, utilities, education, and healthcare, seeking balanced credit quality and interest‑rate sensitivity within the national muni landscape. The fund’s portfolio is typically concentrated in investment‑grade municipals with select higher‑yielding issues to enhance income, and it maintains an effective duration in the intermediate‑to‑long range, aligning it with the Muni National Long category. Its role in the market is to provide tax‑advantaged income and diversification benefits relative to taxable bonds, with returns influenced by municipal credit fundamentals, yield-curve dynamics, and rate moves. The vehicle is designed for investors seeking a professionally managed, research‑driven approach to municipal exposure, leveraging the manager’s credit selection and sector allocation to navigate evolving state and local fiscal conditions while maintaining a disciplined risk framework.
Performance
SCMBX had a total return of 3.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.98%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLUVX | Fidelity | Fidelity Advisor Municipal Income Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.51% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| FHIGX | Fidelity | Fidelity Municipal Income Fund | 0.44% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 27, 2026 | $0.02962 | Jan 27, 2026 |
| Dec 24, 2025 | $0.02884 | Dec 24, 2025 |
| Nov 21, 2025 | $0.02467 | Nov 21, 2025 |
| Oct 27, 2025 | $0.02929 | Oct 27, 2025 |
| Sep 24, 2025 | $0.02762 | Sep 24, 2025 |
| Aug 25, 2025 | $0.0254 | Aug 25, 2025 |