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.
Morningstar’s Fund Analysis SCMBX
Will SCMBX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of SCMBX’s parent organization’s priorities and whether they’re in line with investors’ interests.