DWS Managed Municipal Bond Fund (SCMBX)
The investment seeks to provide income exempt from regular federal income tax. 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 rated in the three highest credit rating categories, or if unrated, determined by the Advisor to be of similar quality.
Fund Info
| ISIN | US25158T8484 |
|---|---|
| CUSIP | 25158T848 |
| Issuer | Blackrock |
| Inception Date | Oct 13, 1976 |
| Category | Municipal Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
SCMBX features an expense ratio of 0.54%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: SCMBX vs. VTEX, SCMBX vs. FUEMX, SCMBX vs. JMUB, SCMBX vs. MUB, SCMBX vs. VTEB, SCMBX vs. MUNI, SCMBX vs. IYW, SCMBX vs. SWLGX, SCMBX vs. ICVT, SCMBX vs. FUENX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DWS Managed 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 Managed Municipal Bond Fund had a return of 2.93% year-to-date (YTD) and 10.07% in the last 12 months. Over the past 10 years, DWS Managed Municipal Bond Fund had an annualized return of 2.36%, while the S&P 500 had an annualized return of 11.43%, indicating that DWS Managed Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.93% | 25.82% |
| 1 month | -0.41% | 3.20% |
| 6 months | 2.67% | 14.94% |
| 1 year | 10.07% | 35.92% |
| 5 years (annualized) | 1.40% | 14.22% |
| 10 years (annualized) | 2.36% | 11.43% |
Monthly Returns
The table below presents the monthly returns of SCMBX, 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 | -0.06% | 0.19% | 0.31% | -1.29% | 0.19% | 1.95% | 0.81% | 0.68% | 1.29% | -1.50% | 2.93% | ||
| 2023 | 3.71% | -2.52% | 1.93% | 0.16% | -0.41% | 1.05% | 0.42% | -1.32% | -2.98% | -1.65% | 6.74% | 3.26% | 8.26% |
| 2022 | -2.90% | -0.65% | -3.46% | -3.48% | 1.40% | -2.37% | 2.99% | -2.37% | -4.54% | -1.65% | 5.94% | -0.17% | -11.16% |
| 2021 | 0.87% | -1.87% | 0.68% | 1.21% | 0.66% | 0.45% | 0.87% | -0.40% | -0.93% | -0.19% | 1.10% | -0.74% | 1.68% |
| 2020 | 2.16% | 1.65% | -5.92% | -2.30% | 3.41% | 1.94% | 1.79% | -0.29% | -0.18% | -0.19% | 2.12% | 1.23% | 5.17% |
| 2019 | 0.75% | 0.52% | 1.72% | 0.51% | 1.59% | 0.26% | 0.81% | 1.68% | -0.70% | 0.05% | 0.12% | 0.44% | 8.01% |
| 2018 | -1.26% | -0.51% | 0.26% | -0.40% | 1.17% | 0.07% | 0.16% | 0.07% | -0.64% | -0.85% | 1.00% | 1.14% | 0.17% |
| 2017 | 0.51% | 0.63% | 0.21% | 0.61% | 1.50% | -0.02% | 0.59% | 0.82% | -0.39% | 0.15% | -0.27% | 1.22% | 5.69% |
| 2016 | 1.05% | -0.00% | 0.43% | 0.84% | 0.40% | 1.70% | -0.13% | 0.19% | -0.63% | -1.00% | -3.80% | 1.10% | 0.04% |
| 2015 | 1.92% | -1.16% | 0.21% | -0.71% | -0.36% | -0.10% | 0.79% | 0.31% | 0.55% | 0.45% | 0.42% | 0.66% | 3.00% |
| 2014 | 2.53% | 1.26% | 0.48% | 1.46% | 1.65% | -0.08% | 0.24% | 1.64% | 0.23% | 0.77% | 0.09% | 0.65% | 11.45% |
| 2013 | 0.76% | 0.43% | -0.62% | 1.17% | -1.46% | -3.81% | -1.32% | -1.55% | 2.44% | 0.81% | -0.19% | -0.30% | -3.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SCMBX is 60, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DWS Managed Municipal Bond Fund (SCMBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DWS Managed Municipal Bond Fund provided a 4.03% dividend yield over the last twelve months, with an annual payout of $0.33 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.34 | $0.27 | $0.37 | $0.32 | $0.30 | $0.31 | $0.34 | $0.37 | $0.38 | $0.38 |
Dividend yield | 4.03% | 4.08% | 4.30% | 2.87% | 4.00% | 3.49% | 3.38% | 3.42% | 3.78% | 3.91% | 4.07% | 4.30% |
Monthly Dividends
The table displays the monthly dividend distributions for DWS Managed 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.25 | |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.05 | $0.33 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.05 | $0.34 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2020 | $0.05 | $0.03 | $0.02 | $0.02 | $0.05 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.04 | $0.37 |
| 2019 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.05 | $0.32 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.31 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
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 Managed 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 Managed Municipal Bond Fund was 17.56%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current DWS Managed Municipal Bond Fund drawdown is 2.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.56% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -13.17% | Oct 21, 1993 | 283 | Nov 21, 1994 | 137 | May 31, 1995 | 420 |
| -13.12% | Mar 11, 1987 | 159 | Oct 19, 1987 | 74 | Jan 29, 1988 | 233 |
| -12.34% | Mar 3, 2020 | 14 | Mar 20, 2020 | 176 | Nov 30, 2020 | 190 |
| -11.46% | Sep 8, 2008 | 71 | Dec 16, 2008 | 92 | Apr 30, 2009 | 163 |
Volatility
Volatility Chart
The current DWS Managed Municipal Bond Fund volatility is 1.93%, 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.