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Morningstar

DWS Managed Municipal Bond S SCMBX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 8.16  /  0.03 %
  • Total Assets 2.3 Bil
  • Adj. Expense Ratio
    0.540%
  • Expense Ratio 0.530%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.41%
  • Effective Duration —

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:16 PM GMT+00:00

Morningstar’s 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.

Associate Analyst

Summary

| by Max Curtin

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.

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