DWS Short Term Municipal Bond Fund (MGSMX)
Under normal market conditions, the fund invests at least 80% of its assets, determined at the time of purchase, in municipal securities that pay interest exempt from regular federal income tax. It invests primarily in investment grade municipal securities (securities within the top four credit rating categories) and up to 20% of total assets in the fourth highest credit rating category or, if unrated, determined by the Advisor to be of similar quality.
Fund Info
| ISIN | US25158T8302 |
|---|---|
| CUSIP | 25158T830 |
| Issuer | DWS |
| Inception Date | Mar 5, 1995 |
| Category | Municipal Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
MGSMX features an expense ratio of 0.44%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DWS Short Term Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
DWS Short Term Municipal Bond Fund had a return of 2.91% year-to-date (YTD) and 5.75% in the last 12 months. Over the past 10 years, DWS Short Term Municipal Bond Fund had an annualized return of 1.65%, while the S&P 500 had an annualized return of 10.87%, indicating that DWS Short Term Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.91% | 18.10% |
| 1 month | 0.65% | 1.42% |
| 6 months | 2.62% | 10.08% |
| 1 year | 5.75% | 26.58% |
| 5 years (annualized) | 1.94% | 13.42% |
| 10 years (annualized) | 1.65% | 10.87% |
Monthly Returns
The table below presents the monthly returns of MGSMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.14% | 0.14% | 0.04% | -0.06% | 0.04% | 0.76% | 0.86% | 0.75% | 2.91% | ||||
| 2023 | 1.24% | -0.90% | 1.05% | 0.02% | -0.06% | 0.54% | 0.23% | -0.08% | -0.59% | 0.13% | 1.91% | 1.20% | 4.73% |
| 2022 | -1.20% | -0.21% | -1.30% | -1.11% | 0.76% | -0.28% | 1.16% | -0.96% | -1.38% | -0.11% | 1.87% | 0.43% | -2.36% |
| 2021 | 0.30% | -0.47% | 0.10% | 0.39% | 0.09% | 0.10% | 0.28% | -0.12% | -0.31% | -0.11% | 0.19% | 0.03% | 0.46% |
| 2020 | 0.76% | 0.32% | -1.63% | -0.17% | 1.64% | 0.52% | 0.61% | 0.12% | 0.11% | -0.09% | 0.70% | 0.35% | 3.27% |
| 2019 | 0.57% | 0.27% | 0.54% | 0.15% | 0.56% | 0.34% | 0.44% | 0.43% | -0.36% | 0.24% | 0.12% | 0.32% | 3.67% |
| 2018 | 0.05% | -0.05% | 0.05% | -0.13% | 0.47% | 0.18% | 0.27% | 0.08% | -0.24% | -0.12% | 0.39% | 0.50% | 1.47% |
| 2017 | 0.41% | 0.33% | 0.03% | 0.32% | 0.52% | -0.15% | 0.22% | 0.33% | -0.27% | -0.07% | -0.46% | 0.13% | 1.34% |
| 2016 | 0.50% | 0.12% | -0.08% | 0.22% | -0.09% | 0.41% | 0.11% | 0.02% | -0.17% | -0.17% | -0.97% | 0.22% | 0.11% |
| 2015 | 0.68% | -0.29% | -0.11% | 0.00% | -0.22% | 0.00% | 0.21% | 0.00% | 0.29% | 0.11% | 0.01% | 0.26% | 0.94% |
| 2014 | 0.48% | 0.40% | -0.29% | 0.29% | 0.39% | 0.00% | 0.09% | 0.28% | -0.01% | 0.09% | -0.02% | -0.11% | 1.61% |
| 2013 | 0.10% | 0.31% | -0.10% | 0.20% | -0.39% | -0.68% | -0.01% | -0.30% | 0.49% | 0.28% | 0.00% | -0.11% | -0.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MGSMX is 96, placing it in the top 4% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DWS Short Term Municipal Bond Fund (MGSMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DWS Short Term Municipal Bond Fund granted a 3.09% dividend yield in the last twelve months. The annual payout for that period amounted to $0.31 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.31 | $0.22 | $0.14 | $0.24 | $0.20 | $0.21 | $0.16 | $0.14 | $0.14 | $0.11 | $0.12 |
Dividend yield | 3.09% | 3.15% | 2.26% | 1.35% | 2.32% | 2.01% | 2.05% | 1.54% | 1.41% | 1.32% | 1.10% | 1.17% |
Monthly Dividends
The table displays the monthly dividend distributions for DWS Short Term Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.19 | |||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.31 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.04 | $0.04 | $0.22 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.14 |
| 2020 | $0.03 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.07 | $0.24 |
| 2019 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.20 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.14 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the DWS Short Term Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DWS Short Term Municipal Bond Fund was 5.18%, occurring on Mar 20, 2020. Recovery took 66 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.18% | Mar 10, 2020 | 9 | Mar 20, 2020 | 66 | Jun 24, 2020 | 75 |
| -5.16% | Aug 10, 2021 | 306 | Oct 25, 2022 | 272 | Nov 24, 2023 | 578 |
| -4.26% | Sep 8, 2008 | 29 | Oct 16, 2008 | 58 | Jan 9, 2009 | 87 |
| -1.88% | Jan 24, 2008 | 26 | Feb 29, 2008 | 122 | Aug 25, 2008 | 148 |
| -1.74% | May 6, 2013 | 35 | Jun 24, 2013 | 172 | Feb 28, 2014 | 207 |
Volatility
Volatility Chart
The current DWS Short Term Municipal Bond Fund volatility is 0.29%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.