DWS Managed Municipal Bond Fund - Class C (SMLCX)
| Fund Assets | 1.69B |
| Expense Ratio | 1.56% |
| Min. Investment | $1,000 |
| Turnover | 47.00% |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 3.09% |
| Dividend Growth | 9.24% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 25, 2025 |
| Previous Close | 7.77 |
| YTD Return | -3.48% |
| 1-Year Return | -3.44% |
| 5-Year Return | -7.98% |
| 52-Week Low | 7.66 |
| 52-Week High | 8.31 |
| Beta (5Y) | n/a |
| Holdings | 396 |
| Inception Date | Oct 14, 1976 |
About SMLCX
DWS Managed Municipal Bond Fund - Class C is a mutual fund specializing in municipal debt securities. Its primary objective is to provide investors with income that is exempt from regular federal income tax, making it particularly suitable for those seeking tax-advantaged income streams. The fund invests at least 80% of its net assets in municipal bonds issued by state and local governments across the United States. These bonds finance essential public projects such as schools, transportation infrastructure, and utilities, thereby supporting municipalities while offering a generally lower default risk compared to corporate debt. The portfolio is diversified across a large number of securities—totaling nearly 400—to mitigate risk and maintain income stability. The fund typically holds intermediate- to long-term maturities, aiming to balance yield with interest rate sensitivity. DWS Managed Municipal Bond Fund - Class C is benchmarked against the Bloomberg Municipal Total Return USD index, underscoring its focus on broad municipal market exposure and capital preservation, alongside its tax-exempt income mandate.
Performance
SMLCX had a total return of -3.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.62%.
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 | $0.02166 | Jul 25, 2025 |
| Jun 24, 2025 | $0.01996 | Jun 24, 2025 |
| May 23, 2025 | $0.02194 | May 23, 2025 |
| Apr 24, 2025 | $0.02096 | Apr 24, 2025 |
| Mar 25, 2025 | $0.01963 | Mar 25, 2025 |
| Feb 24, 2025 | $0.02056 | Feb 24, 2025 |