SMLAX

About SMLAX

DWS Managed Municipal Bond Fund Class A is a mutual fund focused on generating tax-exempt income by investing primarily in municipal securities issued by U.S. state and local governments. The fund maintains a diversified portfolio, allocating at least 80% of its net assets to municipal bonds, with the majority of its holdings concentrated in intermediate- to long-term securities. These bonds support infrastructure, education, healthcare, and other essential public projects, reflecting the fund’s broad exposure across various municipal sectors. DWS Managed Municipal Bond Fund Class A seeks to make monthly income distributions that are generally exempt from regular federal income tax, making it particularly relevant for investors seeking tax-advantaged income streams. The fund holds several hundred individual securities, offering geographic and sectoral diversification while aiming to limit credit and interest rate risk through active management. Its size, substantial total assets, and established track record underscore its significance in the municipal bond fund segment, where it plays a key role in channeling capital to local governments and public initiatives.