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DWS Strategic Municipal Income Trust (KSM)

National Muni Bond Funds - Muni High Yield

Data as of April 22, 2024
Market Price $9.42 (+ $0.02)
NAV (April 22, 2024) $9.84 ( $0.00)
Fund Listed NYSE
Premium / Discount -4.27% (+0.20%)
Fund Info
Inception March 22, 1989
Sponsor Deutsche Investment Management Americas
Website https://fundsus.dws.co...
Phone (800) 349-4281
Location New York
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
Objective: High current income exempt from federal income tax; investment-grade municipal securities and high-yield municipal securities
Related Indexes
High Yield Municipal Index
Capital & Leverage
Outstanding Shares 11,047,862
Total Assets (Reported: Nov. 30, 2023) $168M
Estimated Total Assets $169M
Net Assets $109M
Market Cap $104M
Portfolio Turnover 42.00%
Total Leverage 35.52%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 4.31%
Non Lev Exp Ratio 1.27%
Rel Lev Cost 5.42%
Discount Data
Average Discount (3 Yr) -10.33%
Discount Low(3 Yr) -16.24%
Discount High(3 Yr) -0.54%
Discount Rel Range (3 Yr) 76.25%
Comp Discount 5.86
Discount St Dev (1Yr) 2.76
Z-Stat (6mo) 2.35
Z-Stat (1Yr) 3.30
Z-Stat (3Yr) 1.37
Comp Z-Stat (6mo) 2.29
Comp Z-Stat (3Yr) 2.08
Distribution Data
Market Yield 3.48%
Income Yield 3.48%
Lev Adj NAV Yield 2.46%
Distribution Frequency M
Current Distribution $0.027
Current Income $0.027
Ex-Date 4/18/24
Payable Date 4/30/24
Div Growth (3yr) -39.33%
Dividend Change -9.0% on 4/8/24
Expected Div 5/7/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2018
Income 0%
ST Gains 0.6%
QDI 0%
LT Gains 0%
RoC 0%
Volume & Liquidity
Average Daily $ (K) $331
Avg Volume 30 day 43,767
Avg Volume 90 day 35,160
Volume Trend 24.48%
Comp Volume Trend 31.21%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's High Yield Municipal Index
Most Correlated Peer (Mk Pr): MAV 70.0%
NAV - Price Correlation (30 d) -63.9%
NAV - Price Correlation (90 d) -43.2%
NAV - Price Correlation (1 Yr) 86.5%
Price St Dev (1Yr) 12.5%
NAV St Dev (1Yr) 7.9%
Earnings / Share (12/31/23) $0.026
Earn Coverage 95.24%
Earnings Trend Down
UNII / Share (3/31/24) $0.004
Rel UNII 1.13
UNII Trend Down
Bond Specific Data
Maturity 18.54
Duration 11.99
Credit Rating (rbo) A
Investment Grade 72.00%
Non Investment Grade 9.00%
Unrated Bonds 19.00%
Average Bond Price 109.80
Discount vs Price 5.53
Coupon 4.50%
Zero Coupon 2.51%
AMT 30.89%
AMT Yield 3.18%
Bond Calls Risk None%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's High Yield Municipal Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

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