DWS Managed Municipal Bond Fund - Class S (SCMBX)
NASDAQ NASDAQ Primary Summary
SCMBX Chart
DWS Managed Municipal Bond Fund - Class S Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CGL Chester Gary Lloyd Coston, McIsaac & Partners | 1,059 | $8,296.23 | $8,461.41 | $165.18 | 1.99% |
DWS Managed Municipal Bond Fund - Class S (SCMBX) FAQ
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DWS Managed Municipal Bond Fund - Class S Profile
| NASDAQ Exchange | United States Country |
Overview
The described fund is an investment entity that primarily focuses on municipal bond investments across the United States. It aims to provide investors with income free from regular federal income tax by allocating at least 80% of its net assets, along with any borrowings for investment purposes, into securities issued by municipalities. Additionally, the fund retains the flexibility to invest up to 20% of its net assets in securities whose income is subject to the federal alternative minimum tax (AMT). It prioritizes high-quality investments, maintaining at least 65% of total assets in municipal securities that are rated within the three highest credit rating categories or equivalents as determined by the Advisor. This strategic allocation underscores the fund's commitment to both quality and tax-efficient income generation for its investors.
Products and Services
- Municipal Bond Investments
The fund's core offering involves investing in municipal bonds, which are debt securities issued by local and state governments across the United States. These investments are selected to provide income that is exempt from regular federal income taxes, appealing to investors seeking tax-efficient income sources.
- Investments Subject to AMT
While the fund focuses on tax-exempt income, it also allocates up to 20% of its net assets in securities whose income might be subject to the federal alternative minimum tax (AMT). This diversification allows for a broader investment base, potentially enhancing returns while still focusing on tax efficiency.
- High Credit Quality Municipal Securities
A significant portion of the fund's assets is invested in municipal securities that are rated in the three highest credit categories or deemed of similar quality by the Advisor. This investment strategy emphasizes safety and reliability, aiming to provide stable, tax-efficient income to investors through investments in high-quality municipal bonds.
