DWS Managed Municipal Bond Fund - Class S (SCMBX)

Fund Assets	1.46B
Expense Ratio	0.564%
Min. Investment	$2,500
Turnover	44.00%
Dividend (ttm)	0.33
Dividend Yield	4.41%
Dividend Growth	3.15%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 24, 2026

Previous Close	7.51
YTD Return	-3.43%
1-Year Return	-2.56%
5-Year Return	-4.10%
52-Week Low	7.40
52-Week High	8.11
Beta (5Y)	0.07
Holdings	379
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.

• Fund Family: DWS
• Category: Muni National Long
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: SCMBX
• Share Class: Class S
• Index: Bloomberg Municipal Bond TR

Performance

SCMBX had a total return of -2.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.59%.

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 M	0.73%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.44%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.49%
FUENX	Fidelity	Fidelity Flex Municipal Income Fund	n/a
FHIGX	Fidelity	Fidelity Municipal Income Fund	0.43%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SMLIX	Institutional Class	0.58%
SMLAX	Class A	0.83%
SMLCX	Class C	1.58%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 24, 2026	$0.02801	Sep 24, 2026
Aug 25, 2026	$0.02619	Aug 25, 2026
Jul 27, 2026	$0.0299	Jul 27, 2026
Jun 24, 2026	$0.02761	Jun 24, 2026
May 22, 2026	$0.02605	May 22, 2026
Apr 24, 2026	$0.03042	Apr 24, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

Data Sources Report a data error