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
US25158T8302
25158T830
Mar 5, 1995
$1,000,000
Expense Ratio
MGSMX has an expense ratio of 0.44%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
DWS Short Term Municipal Bond Fund (MGSMX) returned 0.64% year-to-date (YTD) and 4.73% over the past 12 months. Over the past 10 years, MGSMX returned 1.84% annually, underperforming the S&P 500 benchmark at 10.46%.
MGSMX
0.64%
0.31%
1.34%
4.73%
2.26%
1.84%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.55% | 0.46% | -0.06% | -0.41% | 0.10% | 0.64% | |||||||
| 2024 | 0.13% | 0.41% | 0.26% | -0.06% | 0.31% | 0.99% | 0.86% | 0.75% | 0.80% | -0.20% | 0.69% | 0.10% | 5.16% |
| 2023 | 1.24% | -0.90% | 1.04% | 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% | -0.22% | 0.23% |
| 2020 | 0.76% | 0.32% | -1.63% | -0.17% | 1.64% | 0.52% | 0.61% | 0.12% | 0.11% | -0.09% | 0.70% | -0.10% | 2.81% |
| 2019 | 0.57% | 0.27% | 0.54% | 0.15% | 0.55% | 0.34% | 0.43% | 0.43% | -0.35% | 0.24% | 0.11% | 0.17% | 3.49% |
| 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% | -0.98% | 0.22% | 0.11% |
| 2015 | 0.67% | -0.29% | -0.11% | 0.00% | -0.22% | 0.00% | 0.21% | 0.00% | 0.30% | 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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, MGSMX is among the top 4% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
DWS Short Term Municipal Bond Fund provided a 4.21% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.48 | $0.31 | $0.22 | $0.11 | $0.19 | $0.19 | $0.21 | $0.16 | $0.14 | $0.14 | $0.11 |
Dividend yield | 4.21% | 4.91% | 3.15% | 2.26% | 1.11% | 1.88% | 1.84% | 2.05% | 1.54% | 1.41% | 1.32% | 1.10% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.03 | $0.02 | $0.00 | $0.00 | $0.07 | |||||||
| 2024 | $0.02 | $0.05 | $0.05 | $0.02 | $0.05 | $0.05 | $0.02 | $0.02 | $0.05 | $0.05 | $0.05 | $0.05 | $0.48 |
| 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 | $0.01 | $0.11 |
| 2020 | $0.03 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.19 |
| 2019 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.19 |
| 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 |
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.
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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 5.39%, occurring on Oct 25, 2022. Recovery took 275 trading sessions.
The current DWS Short Term Municipal Bond Fund drawdown is 0.71%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.39% | Aug 10, 2021 | 306 | Oct 25, 2022 | 275 | Nov 29, 2023 | 581 |
| -5.18% | Mar 10, 2020 | 9 | Mar 20, 2020 | 66 | Jun 24, 2020 | 75 |
| -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 chart below shows the rolling one-month volatility.
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