DWS Managed Municipal Bond’s conservative approach does not stand out from peers. It receives a Morningstar Analyst Rating of Neutral for most share classes and a Negative rating for its more expensive C share class.
DWS Managed Municipal Bond S SCMBX
NAV / 1-Day Return
9.44
/
0.02
%
Total Assets
3.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.550%
Expense Ratio
0.550%
Fee Level
Above Average
Longest Manager Tenure
22.47
years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
—Min. Initial Investment
2,500
Status
Open
TTM Yield
2.91%
Effective Duration
—
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
Conservative positioning has hindered the strategy in recent years.
