Fund info

DWS Managed Municipal Bond Fund - Class S is an open‑end municipal bond mutual fund focused on generating federally tax‑exempt income through a diversified portfolio of intermediate‑ to long‑term municipal securities. The strategy emphasizes broad exposure to revenue and general obligation bonds across states and essential-service sectors such as transportation, utilities, education, and healthcare, seeking balanced credit quality and interest‑rate sensitivity within the national muni landscape. The fund’s portfolio is typically concentrated in investment‑grade municipals with select higher‑yielding issues to enhance income, and it maintains an effective duration in the intermediate‑to‑long range, aligning it with the Muni National Long category. Its role in the market is to provide tax‑advantaged income and diversification benefits relative to taxable bonds, with returns influenced by municipal credit fundamentals, yield-curve dynamics, and rate moves. The vehicle is designed for investors seeking a professionally managed, research‑driven approach to municipal exposure, leveraging the manager’s credit selection and sector allocation to navigate evolving state and local fiscal conditions while maintaining a disciplined risk framework.