SMLCX

About SMLCX

DWS Managed Municipal Bond Fund - Class C is a mutual fund specializing in municipal debt securities. Its primary objective is to provide investors with income that is exempt from regular federal income tax, making it particularly suitable for those seeking tax-advantaged income streams. The fund invests at least 80% of its net assets in municipal bonds issued by state and local governments across the United States. These bonds finance essential public projects such as schools, transportation infrastructure, and utilities, thereby supporting municipalities while offering a generally lower default risk compared to corporate debt. The portfolio is diversified across a large number of securities—totaling nearly 400—to mitigate risk and maintain income stability. The fund typically holds intermediate- to long-term maturities, aiming to balance yield with interest rate sensitivity. DWS Managed Municipal Bond Fund - Class C is benchmarked against the Bloomberg Municipal Total Return USD index, underscoring its focus on broad municipal market exposure and capital preservation, alongside its tax-exempt income mandate.