DWS Managed Municipal Bond Fund - Class A (SMLAX)
| Fund Assets | 1.69B |
| Expense Ratio | 0.80% |
| Min. Investment | $1,000 |
| Turnover | 47.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.79% |
| Dividend Growth | 8.05% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 25, 2025 |
| Previous Close | 7.77 |
| YTD Return | -3.47% |
| 1-Year Return | -2.96% |
| 5-Year Return | -5.35% |
| 52-Week Low | 7.66 |
| 52-Week High | 8.31 |
| Beta (5Y) | n/a |
| Holdings | 396 |
| Inception Date | Oct 14, 1976 |
About SMLAX
DWS Managed Municipal Bond Fund Class A is a mutual fund focused on generating tax-exempt income by investing primarily in municipal securities issued by U.S. state and local governments. The fund maintains a diversified portfolio, allocating at least 80% of its net assets to municipal bonds, with the majority of its holdings concentrated in intermediate- to long-term securities. These bonds support infrastructure, education, healthcare, and other essential public projects, reflecting the fund’s broad exposure across various municipal sectors. DWS Managed Municipal Bond Fund Class A seeks to make monthly income distributions that are generally exempt from regular federal income tax, making it particularly relevant for investors seeking tax-advantaged income streams. The fund holds several hundred individual securities, offering geographic and sectoral diversification while aiming to limit credit and interest rate risk through active management. Its size, substantial total assets, and established track record underscore its significance in the municipal bond fund segment, where it plays a key role in channeling capital to local governments and public initiatives.
Performance
SMLAX had a total return of -2.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.39%.
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% |
Top 10 Holdings
11.23% of assets| Name | Symbol | Weight |
|---|---|---|
| Public Authority for Colorado Energy - PUBLIC AUTH FOR COLORADO ST ENERGY NATURAL GAS PURCHASE REVE | CO.PUBUTL 6.5 11.15.2038 | 2.03% |
| City of New York NY - NEW YORK NY | n/a | 1.21% |
| Southeastern Pennsylvania Transportation Authority - S ESTRN PA TRANSPRTN AUTH | n/a | 1.18% |
| Columbus Regional Airport Authority - COLUMBUS OH REGL ARPT AUTH REVENUE | OH.COLAPT 5.5 01.01.2050 | 1.06% |
| M-S-R Energy Authority - M-S-R CA ENERGY AUTH GAS REVENUE | CA.MSRPWR 7 11.01.2034 | 1.05% |
| Washington Health Care Facilities Authority - WASHINGTON ST HLTH CARE FACS AUTH | WA.WASMED 5 08.01.2044 | 1.01% |
| New Jersey Economic Development Authority - NEW JERSEY ST ECON DEV AUTH REVENUE | NJ.NJSDEV 5.5 06.15.2030 | 0.99% |
| New York City Transitional Finance Authority Future Tax Secured Revenue - NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE | NY.NYCGEN 5.5 11.01.2045 | 0.92% |
| South Carolina Transportation Infrastructure Bank - SOUTH CAROLINA ST TRANSPRTN INFRASTRUCTURE BANK REVENUE | SC.SCSTRN 5 10.01.2038 | 0.90% |
| Texas Water Development Board - TEXAS ST WTR DEV BRD | TX.TXSWTR 4 10.15.2033 | 0.88% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 25, 2025 | $0.02695 | Jul 25, 2025 |
| Jun 24, 2025 | $0.02459 | Jun 24, 2025 |
| May 23, 2025 | $0.0275 | May 23, 2025 |
| Apr 24, 2025 | $0.02614 | Apr 24, 2025 |
| Mar 25, 2025 | $0.02474 | Mar 25, 2025 |
| Feb 24, 2025 | $0.0255 | Feb 24, 2025 |