DWS Managed Municipal Bond Fund - Class C (SMLCX)

Fund Assets	1.59B
Expense Ratio	1.57%
Min. Investment	$1,000
Turnover	44.00%
Dividend (ttm)	0.25
Dividend Yield	3.22%
Dividend Growth	5.23%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 27, 2026

Previous Close	7.87
YTD Return	0.23%
1-Year Return	4.42%
5-Year Return	-5.02%
52-Week Low	7.75
52-Week High	8.10
Beta (5Y)	0.08
Holdings	384
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.

• Fund Family: DWS
• Category: Muni National Long
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: SMLCX
• Share Class: Class C
• Index: Bloomberg Municipal Bond TR

Performance

SMLCX had a total return of 4.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.75%.

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	0.57%
SCMBX	Class S	0.57%
SMLAX	Class A	0.81%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 27, 2026	$0.02262	Jul 27, 2026
Jun 24, 2026	$0.02097	Jun 24, 2026
May 22, 2026	$0.01983	May 22, 2026
Apr 24, 2026	$0.02329	Apr 24, 2026
Mar 25, 2026	$0.02078	Mar 25, 2026
Feb 23, 2026	$0.0204	Feb 23, 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:

Aug 27, 2026

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