DWS Managed Municipal Bond Fund - Class A (SMLAX)

Fund Assets	1.46B
Expense Ratio	0.792%
Min. Investment	$1,000
Turnover	44.00%
Dividend (ttm)	0.32
Dividend Yield	4.20%
Dividend Growth	3.44%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 24, 2026

Previous Close	7.50
YTD Return	-3.60%
1-Year Return	-2.77%
5-Year Return	-5.02%
52-Week Low	7.39
52-Week High	8.10
Beta (5Y)	0.08
Holdings	379
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.

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

Performance

SMLAX had a total return of -2.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.34%.

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	0.75%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.50%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.50%
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%
SCMBX	Class S	0.58%
SMLCX	Class C	1.58%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 24, 2026	$0.02638	Sep 24, 2026
Aug 25, 2026	$0.0246	Aug 25, 2026
Jul 27, 2026	$0.02809	Jul 27, 2026
Jun 24, 2026	$0.02604	Jun 24, 2026
May 22, 2026	$0.02467	May 22, 2026
Apr 24, 2026	$0.02883	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

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