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DWS Strategic Municipal Income Trust (KSM)

National Muni Bond Funds - Muni High Yield

Data as of Sept. 20, 2023
Market Price $8.04 (+ $0.02)
NAV (Sept. 20, 2023) $9.43 ( $0.00)
Fund Listed NYSE
Premium / Discount -14.74% (+0.21%)
Fund Info
Inception March 22, 1989
Sponsor Deutsche Investment Management Americas
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: May 31, 2023) $182M
Estimated Total Assets $175M
Net Assets $104M
Market Cap $89M
Portfolio Turnover 15.00%
Total Leverage 40.55%
Structural Leverage (out of total) 94.94%
Portfolio Leverage (out of total) 5.06%
Expense Ratio 4.12%
Non Lev Exp Ratio 1.28%
Rel Lev Cost 4.12%
Discount Data
Average Discount (3 Yr) -9.83%
Discount Low(3 Yr) -16.04%
Discount High(3 Yr) -0.54%
Discount Rel Range (3 Yr) 8.39%
Comp Discount -3.62
Discount St Dev (1Yr) 0.93
Z-Stat (6mo) -0.10
Z-Stat (1Yr) -0.55
Z-Stat (3Yr) -1.17
Comp Z-Stat (6mo) 0.74
Comp Z-Stat (3Yr) 0.09
Distribution Data
Market Yield 3.88%
Income Yield 3.88%
Lev Adj NAV Yield 2.35%
Distribution Frequency M
Current Distribution $0.026
Current Income $0.026
Ex-Date 9/15/23
Payable Date 9/29/23
Div Growth (3yr) -38.82%
Dividend Change -11.9% on 9/8/23
Expected Div 10/6/23
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) $270
Avg Volume 30 day 28,526
Avg Volume 90 day 33,638
Volume Trend -15.20%
Comp Volume Trend -15.06%
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): NZF 90.0%
NAV - Price Correlation (30 d) 76.0%
NAV - Price Correlation (90 d) 93.3%
NAV - Price Correlation (1 Yr) 94.5%
Price St Dev (1Yr) 10.9%
NAV St Dev (1Yr) 8.2%
Earnings / Share (6/30/23) $0.030
Earn Coverage 113.46%
Earnings Trend Down
UNII / Share (6/30/23) $0.020
Rel UNII 6.41
UNII Trend Up
Bond Specific Data
Maturity 19.87
Duration 12.79
Credit Rating (rbo) A
Investment Grade 74.00%
Non Investment Grade 7.00%
Unrated Bonds 19.00%
Average Bond Price 108.83
Discount vs Price -5.91
Coupon 4.70%
Zero Coupon 2.20%
AMT 33.70%
AMT Yield 3.51%
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 For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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