DWS Managed Municipal Bond Fund - Class Inst (SMLIX)

Fund Assets	1.46B
Expense Ratio	0.564%
Min. Investment	$1,000,000
Turnover	44.00%
Dividend (ttm)	0.33
Dividend Yield	4.45%
Dividend Growth	3.01%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 24, 2026

Previous Close	7.50
YTD Return	-3.44%
1-Year Return	-2.57%
5-Year Return	-4.12%
52-Week Low	7.40
52-Week High	8.10
Beta (5Y)	0.07
Holdings	379
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.

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

Performance

SMLIX had a total return of -2.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.33%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SCMBX	Class S	0.58%
SMLAX	Class A	0.83%
SMLCX	Class C	1.58%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 24, 2026	$0.02799	Sep 24, 2026
Aug 25, 2026	$0.02617	Aug 25, 2026
Jul 27, 2026	$0.02987	Jul 27, 2026
Jun 24, 2026	$0.02759	Jun 24, 2026
May 22, 2026	$0.02602	May 22, 2026
Apr 24, 2026	$0.0304	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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