DWS Managed Municipal Bond Fund - Class Inst (SMLIX)
| Fund Assets | 1.69B |
| Expense Ratio | 0.56% |
| Min. Investment | $1,000,000 |
| Turnover | 47.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 4.16% |
| Dividend Growth | 7.39% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 25, 2025 |
| Previous Close | 7.78 |
| YTD Return | -3.43% |
| 1-Year Return | -3.15% |
| 5-Year Return | -4.48% |
| 52-Week Low | 7.66 |
| 52-Week High | 8.31 |
| Beta (5Y) | n/a |
| Holdings | 396 |
| Inception Date | Oct 14, 1976 |
About SMLIX
DWS Managed Municipal Bond Fund - Institutional Class is a mutual fund focused on delivering federally tax-exempt income through investments in a diversified portfolio of U.S. municipal bonds. The fund primarily invests at least 80% of its net assets in municipal securities whose interest payments are exempt from regular federal income tax, appealing to investors seeking tax-advantaged, income-producing assets. It emphasizes a broad allocation across intermediate- to long-term maturities, with an average portfolio maturity of approximately 9.8 years and an effective duration of about 8.1 years, supporting its role in managing interest rate risk while targeting stability and capital preservation. With total assets over $1.7 billion and more than 390 holdings, the fund’s portfolio includes a wide range of municipal issuers, offering a high degree of diversification. Professional management employs a collaborative approach to identify relative value opportunities in the municipal bond market. The fund serves institutional investors seeking steady tax-free income, often used for diversification and risk mitigation in larger fixed income allocations.
Performance
SMLIX had a total return of -3.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.37%.
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 | $0.0287 | Jul 25, 2025 |
| Jun 24, 2025 | $0.02601 | Jun 24, 2025 |
| May 23, 2025 | $0.02907 | May 23, 2025 |
| Apr 24, 2025 | $0.02776 | Apr 24, 2025 |
| Mar 25, 2025 | $0.02637 | Mar 25, 2025 |
| Feb 24, 2025 | $0.02709 | Feb 24, 2025 |