Recent portfolio management team changes, elevated turnover, and a solid but undifferentiated process earn DWS Managed Municipal Bond a Morningstar Analyst Rating of Neutral for its cheaper share classes and Negative for its most expensive.
DWS Managed Municipal Bond S SCMBX
NAV / 1-Day Return
7.76
/
0.64
%
Total Assets
2.5 Bil
Adj. Expense Ratio
0.530%
Expense Ratio
0.530%
Fee Level
Average
Longest Manager Tenure
22.74
years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
2,500
Status
Open
TTM Yield
3.21%
Effective Duration
—
years
Morningstar’s Fund Analysis SCMBX
Will SCMBX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SCMBX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the SCMBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of SCMBX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Continued turnover leaves behind a small, but experienced group.
