DWS Managed Municipal Bond Fund

4 / 5 Stars
4 4 2 3 2
Zacks Investment Research
2 (Buy)
Standard & Poor's
3 / 5 Stars
A- (Buy)

#17 in Muni National Long

U.S. News evaluated 58 Muni National Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all DWS Investments funds

See full Muni National Long rankings

See more fund rankings


The fund has returned 7.00 percent over the past year, 5.81 percent over the past three years, 6.18 percent over the past five years, and 4.93 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 7.3%
1 Year 7.0%
3 Years (Annualized) 5.8%
5 Years (Annualized) 6.2%
10 Years (Annualized) 4.9%

See more SMLAX performance


The investment seeks to provide income exempt from regular federal income taxes. The fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in securities issued by municipalities across the United States and in other securities whose income is free from regular federal income tax. It may invest up to 20% of net assets in securities whose income is subject to the federal alternative minimum tax (AMT). The fund normally invests at least 65% of total assets in municipal securities of the top three grades of credit quality. It may invest up to 10% of total assets in high yield debt securities.


Fees are Above Average compared to funds in the same category.
DWS Managed Municipal Bond Fund has an expense ratio of 0.75 percent.

See more SMLAX fees


Risk is Average compared to funds in the same category according to Morningstar.

See more SMLAX risk