DWS Managed Municipal Bond Fund - Institutional Class (SMLIX)
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DWS Managed Municipal Bond Fund - Institutional Class Profile
| NASDAQ Exchange | United States Country |
Overview
The described company operates as an investment fund focusing on municipal securities and other tax-advantaged investments within the United States. It aims to provide investors with income that is free from regular federal income tax by primarily investing in municipal bonds issued across various states. The fund employs a strategy of allocating at least 80% of its net assets, plus any borrowed funds for investment purposes, towards securities that generate tax-free income. It ensures a commitment to financial stability and creditworthiness by predominantly investing in high-credit quality municipal securities. In addition, the fund sets aside up to 20% of its net assets for investments that may be subject to the alternative minimum tax (AMT), diversifying its investment approach while adhering to its tax-efficient investment objective.
Products and Services
- Tax-Advantaged Municipal Securities Investment
- Investments Subject to AMT
- High-Quality Municipal Securities
This primary service involves investing in a diverse portfolio of municipal securities across the United States, aiming to provide investors with a steady income stream that is not subject to regular federal income taxes. This strategy appeals to investors seeking to maximize their after-tax returns, especially those in higher tax brackets.
While maintaining its focus on tax efficiency, the fund offers an investment option that includes securities potentially subject to the federal alternative minimum tax. This allows for more comprehensive portfolio diversification, accommodating investors who might be willing to tolerate AMT exposure for the potential of higher returns.
A significant portion of the fund's assets is allocated towards municipal securities rated in the top three credit rating categories or those deemed by the Advisor to possess similar quality. This strategy underlines the fund's commitment to risk management and capital preservation, focusing on investments considered to be of lower risk due to their high credit quality.
