DWS Strategic Municipal Income Trust of Benef Interest
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-2.4%
1 yr return
0.6%
3 Yr Avg Return
-8.5%
5 Yr Avg Return
-4.0%
Net Assets
$120 M
Holdings in Top 10
13.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.85%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 23.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XKSMX - Profile
Distributions
- YTD Total Return -2.4%
- 3 Yr Annualized Total Return -8.5%
- 5 Yr Annualized Total Return -4.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.01%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDWS Strategic Municipal Income Trust of Benef Interest
-
Fund Family NameDWS
-
Inception DateSep 26, 2001
-
Shares Outstanding11203941
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael Generazo
Fund Description
XKSMX - Performance
Return Ranking - Trailing
Period | XKSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.4% | -4.1% | 3.3% | 97.10% |
1 Yr | 0.6% | -2.5% | 8.6% | 91.79% |
3 Yr | -8.5%* | -9.9% | 1.6% | 98.51% |
5 Yr | -4.0%* | -4.9% | 524.7% | 96.37% |
10 Yr | 0.3%* | 0.0% | 155.5% | 99.21% |
* Annualized
Return Ranking - Calendar
Period | XKSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.2% | -1.5% | 7.5% | 1.93% |
2022 | -25.8% | -26.9% | -3.5% | 99.51% |
2021 | 0.5% | -1.9% | 5.6% | 88.06% |
2020 | 0.6% | -10.1% | 4.2% | 49.75% |
2019 | 7.1% | 2.0% | 9.1% | 8.81% |
Total Return Ranking - Trailing
Period | XKSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.4% | -4.1% | 3.3% | 97.10% |
1 Yr | 0.6% | -2.5% | 8.6% | 91.79% |
3 Yr | -8.5%* | -9.9% | 1.6% | 98.51% |
5 Yr | -4.0%* | -4.9% | 524.7% | 96.37% |
10 Yr | 0.3%* | 0.0% | 155.5% | 99.21% |
* Annualized
Total Return Ranking - Calendar
Period | XKSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.2% | 0.4% | 10.9% | 64.73% |
2022 | -25.8% | -26.9% | -2.9% | 99.51% |
2021 | 0.5% | -1.9% | 10.0% | 93.53% |
2020 | 0.6% | -4.1% | 8.2% | 87.44% |
2019 | 9.7% | 3.5% | 1028633.9% | 25.39% |
NAV & Total Return History
XKSMX - Holdings
Concentration Analysis
XKSMX | Category Low | Category High | XKSMX % Rank | |
---|---|---|---|---|
Net Assets | 120 M | 9.79 K | 16.1 B | 89.86% |
Number of Holdings | 369 | 1 | 3076 | 53.40% |
Net Assets in Top 10 | 25.1 M | -102 M | 3.44 B | 85.92% |
Weighting of Top 10 | 13.48% | 4.7% | 100.7% | 53.17% |
Top 10 Holdings
- MASSACHUSETTS ST DEV FIN AGY REV 5% 2.88%
- PENNSYLVANIA ST TPK COMMN TPK REV 5% 1.42%
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% 1.36%
- MATAGORDA CNTY TEX NAV DIST NO 1 POLLUTN CTL REV 4.4% 1.28%
- BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 1.26%
- ARIZONA ST UNIV REVS 5% 1.19%
- TARRANT CNTY TEX CULTURAL ED FACS FIN CORP HOSP REV 5% 1.17%
- NEW JERSEY ST TPK AUTH TPK REV 4% 1.10%
- ILLINOIS ST 5% 1.09%
- TENDER OPT BD TR RCPTS / CTFS VAR STS 18.1% 1.09%
Asset Allocation
Weighting | Return Low | Return High | XKSMX % Rank | |
---|---|---|---|---|
Bonds | 99.73% | 0.00% | 146.69% | 22.49% |
Cash | 0.27% | -0.64% | 100.00% | 77.18% |
Stocks | 0.00% | 0.00% | 99.38% | 85.17% |
Preferred Stocks | 0.00% | -47.61% | 1.89% | 74.27% |
Other | 0.00% | -12.04% | 9.96% | 69.42% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 74.27% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XKSMX % Rank | |
---|---|---|---|---|
Municipal | 99.73% | 0.00% | 100.00% | 17.48% |
Cash & Equivalents | 0.27% | 0.00% | 100.00% | 36.41% |
Derivative | 0.00% | -12.35% | 1.55% | 66.50% |
Securitized | 0.00% | 0.00% | 22.44% | 74.27% |
Corporate | 0.00% | 0.00% | 2.83% | 86.89% |
Government | 0.00% | 0.00% | 0.09% | 77.18% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XKSMX % Rank | |
---|---|---|---|---|
US | 97.09% | 0.00% | 139.84% | 62.62% |
Non US | 2.64% | 0.00% | 13.35% | 7.77% |
XKSMX - Expenses
Operational Fees
XKSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.85% | 0.21% | 3.44% | 8.78% |
Management Fee | 0.60% | 0.00% | 1.41% | 89.00% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.35% | N/A |
Sales Fees
XKSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
XKSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XKSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 23.00% | 2.00% | 121.00% | 62.50% |
XKSMX - Distributions
Dividend Yield Analysis
XKSMX | Category Low | Category High | XKSMX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 6.73% | 98.09% |
Dividend Distribution Analysis
XKSMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
XKSMX | Category Low | Category High | XKSMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.01% | 1.11% | 5.70% | 12.44% |
Capital Gain Distribution Analysis
XKSMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 28, 2019 | $0.048 | OrdinaryDividend |
May 31, 2019 | $0.048 | OrdinaryDividend |
Apr 30, 2019 | $0.048 | OrdinaryDividend |
Mar 29, 2019 | $0.048 | OrdinaryDividend |
Feb 28, 2019 | $0.048 | OrdinaryDividend |
Jan 31, 2019 | $0.050 | OrdinaryDividend |
Dec 31, 2018 | $0.050 | OrdinaryDividend |
Nov 30, 2018 | $0.050 | OrdinaryDividend |
Oct 31, 2018 | $0.050 | OrdinaryDividend |
Sep 28, 2018 | $0.050 | OrdinaryDividend |
Aug 31, 2018 | $0.050 | OrdinaryDividend |
Jul 31, 2018 | $0.050 | OrdinaryDividend |
Jun 29, 2018 | $0.050 | OrdinaryDividend |
May 31, 2018 | $0.050 | OrdinaryDividend |
Apr 30, 2018 | $0.050 | OrdinaryDividend |
Mar 29, 2018 | $0.050 | OrdinaryDividend |
Feb 28, 2018 | $0.050 | OrdinaryDividend |
Jan 31, 2018 | $0.050 | OrdinaryDividend |
Dec 29, 2017 | $0.050 | OrdinaryDividend |
Nov 30, 2017 | $0.050 | OrdinaryDividend |
Oct 31, 2017 | $0.050 | OrdinaryDividend |
Sep 29, 2017 | $0.053 | OrdinaryDividend |
Aug 31, 2017 | $0.053 | OrdinaryDividend |
Jul 31, 2017 | $0.058 | OrdinaryDividend |
Jun 30, 2017 | $0.058 | OrdinaryDividend |
May 31, 2017 | $0.058 | OrdinaryDividend |
Apr 28, 2017 | $0.058 | OrdinaryDividend |
Mar 31, 2017 | $0.058 | OrdinaryDividend |
Feb 28, 2017 | $0.058 | OrdinaryDividend |
Jan 31, 2017 | $0.058 | OrdinaryDividend |
Dec 30, 2016 | $0.058 | OrdinaryDividend |
Nov 30, 2016 | $0.060 | OrdinaryDividend |
Oct 31, 2016 | $0.060 | OrdinaryDividend |
Sep 30, 2016 | $0.065 | OrdinaryDividend |
Aug 31, 2016 | $0.065 | OrdinaryDividend |
Jul 29, 2016 | $0.065 | OrdinaryDividend |
Jun 30, 2016 | $0.065 | OrdinaryDividend |
May 31, 2016 | $0.065 | OrdinaryDividend |
Apr 29, 2016 | $0.065 | OrdinaryDividend |
Mar 31, 2016 | $0.065 | OrdinaryDividend |
Feb 29, 2016 | $0.070 | OrdinaryDividend |
Jan 29, 2016 | $0.070 | OrdinaryDividend |
Dec 31, 2015 | $0.070 | OrdinaryDividend |
Nov 30, 2015 | $0.070 | OrdinaryDividend |
Oct 30, 2015 | $0.070 | OrdinaryDividend |
Sep 30, 2015 | $0.070 | OrdinaryDividend |
Aug 31, 2015 | $0.070 | OrdinaryDividend |
Jul 31, 2015 | $0.077 | OrdinaryDividend |
Jun 30, 2015 | $0.077 | OrdinaryDividend |
May 29, 2015 | $0.077 | OrdinaryDividend |
Apr 30, 2015 | $0.077 | OrdinaryDividend |
Mar 31, 2015 | $0.077 | OrdinaryDividend |
Feb 27, 2015 | $0.077 | OrdinaryDividend |
Jan 30, 2015 | $0.077 | OrdinaryDividend |
Dec 31, 2014 | $0.077 | OrdinaryDividend |
Nov 28, 2014 | $0.077 | OrdinaryDividend |
Oct 31, 2014 | $0.077 | OrdinaryDividend |
Sep 30, 2014 | $0.077 | OrdinaryDividend |
Aug 29, 2014 | $0.077 | OrdinaryDividend |
Jul 31, 2014 | $0.077 | OrdinaryDividend |
Jun 30, 2014 | $0.077 | OrdinaryDividend |
May 30, 2014 | $0.077 | OrdinaryDividend |
Apr 30, 2014 | $0.077 | OrdinaryDividend |
Mar 31, 2014 | $0.077 | OrdinaryDividend |
Feb 28, 2014 | $0.077 | OrdinaryDividend |
Jan 31, 2014 | $0.077 | OrdinaryDividend |
Dec 31, 2013 | $0.077 | OrdinaryDividend |
Nov 29, 2013 | $0.077 | OrdinaryDividend |
Oct 31, 2013 | $0.077 | OrdinaryDividend |
Sep 30, 2013 | $0.077 | OrdinaryDividend |
Aug 30, 2013 | $0.077 | OrdinaryDividend |
Jul 31, 2013 | $0.077 | OrdinaryDividend |
Jun 28, 2013 | $0.077 | OrdinaryDividend |
May 31, 2013 | $0.077 | OrdinaryDividend |
Apr 30, 2013 | $0.077 | OrdinaryDividend |
Mar 28, 2013 | $0.077 | OrdinaryDividend |
Feb 28, 2013 | $0.077 | OrdinaryDividend |
Jan 31, 2013 | $0.077 | OrdinaryDividend |
Dec 31, 2012 | $0.077 | OrdinaryDividend |
Nov 30, 2012 | $0.077 | OrdinaryDividend |
Oct 31, 2012 | $0.077 | OrdinaryDividend |
Sep 28, 2012 | $0.077 | OrdinaryDividend |
Aug 31, 2012 | $0.077 | OrdinaryDividend |
Jul 31, 2012 | $0.077 | OrdinaryDividend |
Jun 29, 2012 | $0.077 | OrdinaryDividend |
May 31, 2012 | $0.077 | OrdinaryDividend |
Apr 30, 2012 | $0.077 | OrdinaryDividend |
Mar 30, 2012 | $0.077 | OrdinaryDividend |
Jan 31, 2012 | $0.077 | OrdinaryDividend |
Dec 30, 2011 | $0.077 | OrdinaryDividend |
Nov 30, 2011 | $0.077 | OrdinaryDividend |
Oct 31, 2011 | $0.077 | OrdinaryDividend |
Sep 30, 2011 | $0.077 | OrdinaryDividend |
Aug 31, 2011 | $0.077 | OrdinaryDividend |
Jul 29, 2011 | $0.077 | OrdinaryDividend |
Jun 30, 2011 | $0.077 | OrdinaryDividend |
May 31, 2011 | $0.077 | OrdinaryDividend |
Apr 29, 2011 | $0.077 | OrdinaryDividend |
Mar 31, 2011 | $0.077 | OrdinaryDividend |
Feb 28, 2011 | $0.077 | OrdinaryDividend |
Jan 31, 2011 | $0.077 | OrdinaryDividend |
Dec 31, 2010 | $0.077 | OrdinaryDividend |
Nov 30, 2010 | $0.077 | OrdinaryDividend |
Oct 29, 2010 | $0.077 | OrdinaryDividend |
Sep 30, 2010 | $0.077 | OrdinaryDividend |
Aug 31, 2010 | $0.077 | OrdinaryDividend |
Jul 30, 2010 | $0.077 | OrdinaryDividend |
Jun 30, 2010 | $0.077 | OrdinaryDividend |
May 28, 2010 | $0.077 | OrdinaryDividend |
Apr 30, 2010 | $0.077 | OrdinaryDividend |
Mar 31, 2010 | $0.077 | OrdinaryDividend |
Feb 26, 2010 | $0.077 | OrdinaryDividend |
Jan 29, 2010 | $0.077 | OrdinaryDividend |
Dec 31, 2009 | $0.077 | OrdinaryDividend |
Nov 30, 2009 | $0.077 | OrdinaryDividend |
Oct 30, 2009 | $0.077 | OrdinaryDividend |
Sep 30, 2009 | $0.077 | OrdinaryDividend |
Aug 31, 2009 | $0.070 | OrdinaryDividend |
Jul 31, 2009 | $0.070 | OrdinaryDividend |
Jun 30, 2009 | $0.070 | OrdinaryDividend |
May 29, 2009 | $0.070 | OrdinaryDividend |
Apr 30, 2009 | $0.067 | OrdinaryDividend |
Mar 31, 2009 | $0.067 | OrdinaryDividend |
Feb 27, 2009 | $0.067 | OrdinaryDividend |
Jan 30, 2009 | $0.061 | OrdinaryDividend |
Dec 31, 2008 | $0.027 | ExtraDividend |
Nov 28, 2008 | $0.055 | OrdinaryDividend |
Oct 31, 2008 | $0.055 | OrdinaryDividend |
Sep 30, 2008 | $0.055 | OrdinaryDividend |
Aug 29, 2008 | $0.005 | ExtraDividend |
Jul 31, 2008 | $0.055 | OrdinaryDividend |
Jun 30, 2008 | $0.055 | OrdinaryDividend |
May 30, 2008 | $0.055 | OrdinaryDividend |
Apr 30, 2008 | $0.055 | OrdinaryDividend |
Mar 31, 2008 | $0.055 | OrdinaryDividend |
Feb 29, 2008 | $0.055 | OrdinaryDividend |
Jan 31, 2008 | $0.055 | OrdinaryDividend |
Dec 31, 2007 | $0.055 | OrdinaryDividend |
Nov 30, 2007 | $0.055 | OrdinaryDividend |
Oct 31, 2007 | $0.055 | OrdinaryDividend |
Sep 28, 2007 | $0.055 | OrdinaryDividend |
Aug 31, 2007 | $0.055 | OrdinaryDividend |
Jul 31, 2007 | $0.055 | OrdinaryDividend |
Jun 29, 2007 | $0.055 | OrdinaryDividend |
May 31, 2007 | $0.055 | OrdinaryDividend |
Apr 30, 2007 | $0.055 | OrdinaryDividend |
Mar 30, 2007 | $0.055 | OrdinaryDividend |
Feb 28, 2007 | $0.055 | OrdinaryDividend |
Jan 31, 2007 | $0.055 | OrdinaryDividend |
Dec 28, 2006 | $0.055 | OrdinaryDividend |
Nov 30, 2006 | $0.055 | OrdinaryDividend |
Oct 31, 2006 | $0.055 | OrdinaryDividend |
Sep 29, 2006 | $0.055 | OrdinaryDividend |
Aug 31, 2006 | $0.055 | OrdinaryDividend |
Jul 31, 2006 | $0.055 | OrdinaryDividend |
Jun 30, 2006 | $0.062 | OrdinaryDividend |
May 31, 2006 | $0.062 | OrdinaryDividend |
Apr 28, 2006 | $0.062 | OrdinaryDividend |
Mar 31, 2006 | $0.062 | OrdinaryDividend |
Feb 28, 2006 | $0.075 | OrdinaryDividend |
XKSMX - Fund Manager Analysis
Managers
Michael Generazo
Start Date
Tenure
Tenure Rank
Jun 25, 2018
3.93
3.9%
Portfolio Manager for Municipal Bond Funds: Boston, MA Joined the Company in 1999 with 6 years of industry experience. Prior to his current role, Michael was a Municipal Bond Trader for Private Investment Clients. Previously, he served as a Trader and Portfolio Manager at Breckenridge Capital Advisors and as a Senior Financial Reporting Analyst at Massachusetts Financial Services. Michael began his career as a Financial Reporting Analyst at The Boston Company BS from Bryant College; MBA from Suffolk University
Chad Farrington
Start Date
Tenure
Tenure Rank
Dec 10, 2018
3.47
3.5%
Portfolio Manager for Municipal Bonds - Joined DWS in 2018 with 20 years of industry experience; previously, worked as Portfolio Manager, Head of Municipal Research, and Senior Credit Analyst at Columbia Threadneedle - BS, Montana State University
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.06 | 21.43 | 7.46 | 2.52 |