DWS Managed Municipal Bond Fund - Class Inst (SMLIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

7.86

-0.01 (-0.13%)

At close: Aug 26, 2026

1.29% (1Y)

Fund Assets	1.59B
Expense Ratio	0.57%
Min. Investment	$1,000,000
Turnover	44.00%
Dividend (ttm)	0.33
Dividend Yield	4.24%
Dividend Growth	3.07%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 27, 2026

Previous Close	7.87
YTD Return	0.95%
1-Year Return	5.72%
5-Year Return	-0.68%
52-Week Low	7.75
52-Week High	8.10
Beta (5Y)	0.07
Holdings	384
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 5.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.55%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
SCMBX	Class S	0.57%
SMLAX	Class A	0.81%
SMLCX	Class C	1.57%

Dividend History

Ex-Dividend	Amount	Pay Date
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
Mar 25, 2026	$0.02739	Mar 25, 2026
Feb 23, 2026	$0.02635	Feb 23, 2026

Full Dividend History