SMLIX

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.