DWS Short Term Municipal Bond Fund - Class A (SRMAX)

Fund Assets	131.06M
Expense Ratio	0.68%
Min. Investment	$1,000
Turnover	n/a
Dividend (ttm)	0.27
Dividend Yield	2.69%
Dividend Growth	3.05%
Payout Frequency	Monthly
Ex-Dividend Date	Dec 24, 2025

Previous Close	10.15
YTD Return	0.20%
1-Year Return	3.31%
5-Year Return	7.23%
52-Week Low	9.79
52-Week High	10.16
Beta (5Y)	n/a
Holdings	134
Inception Date	Feb 28, 2003

About SRMAX

The Fund's investment strategy focuses on Short Muni Debt with 0.72% total expense ratio. The minimum amount to invest in Deutsche DWS Municipal Trust: DWS Short-Term Municipal Bond Fund; Class A Shares is $1,000 on a standard taxable account. Deutsche DWS Municipal Trust: DWS Short-Term Municipal Bond Fund; Class A Shares seeks as high a level of income exempt from regular federal income tax (i.e., excluded from gross income for federal income tax purposes), as is consistent with the preservation of capital. SRMAX expects to maintain a dollar weighted effective average portfolio maturity no more than 3 years.

• Category: Muni National Short
• Stock Exchange: NASDAQ
• Ticker Symbol: SRMAX
• Share Class: Class A
• Index: Index is not available on Lipper Database

Performance

SRMAX had a total return of 3.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.97%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MGSMX	Institutional Class	0.43%
SRMSX	Class S	0.48%
SRMCX	Class C	1.43%

Top 10 Holdings

19.24% of assets

Name	Symbol	Weight
HALIFAX CNTY VA INDL DEV AUTH REV 3.8%	VA.HALDEV 12.01.2041	2.38%
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 4%	AL.BBEUTL 04.01.2053	2.20%
LOUISVILLE/JEFFERSON CNTY KY METRO GOVT POLLUTION CTL REV 1.35%	n/a	2.16%
OKLAHOMA ST INDS AUTH EDL FACS LEASE REV 5%	OK.OKSDEV 5 04.01.2029	2.02%
DALLAS TEX 5%	TX.DAL 5 02.15.2027	1.94%
FORT BEND TEX INDPT SCH DIST 4%	TX.FORSCD 08.01.2054	1.92%
GREAT LAKES WTR AUTH MICH SEW DISP SYS REV 5%	MI.GRTWTR 5 07.01.2027	1.76%
MATANUSKA-SUSITNA BORO ALASKA LEASE REV 5%	n/a	1.70%
State Of North Carolina	n/a	1.59%
WISCONSIN ST 5%	WI.WIS 5 05.01.2027	1.56%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 24, 2025	$0.02379	Dec 24, 2025
Nov 21, 2025	$0.02079	Nov 21, 2025
Oct 27, 2025	$0.02515	Oct 27, 2025
Sep 24, 2025	$0.02366	Sep 24, 2025
Aug 25, 2025	$0.02099	Aug 25, 2025
Jul 25, 2025	$0.0245	Jul 25, 2025