DWS Strategic Municipal Income Trust (KSM) Research
Managed by Deutsche Investment Management Americas Inc., this closed-end mutual fund concentrates its investments on the municipal fixed-income markets within the United States. The fund's strategy involves acquiring a mix of high-quality, investment-grade municipal securities (or those of similar caliber) alongside higher-yielding, sub-investment-grade municipal bonds. A primary goal is to invest in securities that offer exemption from federal income tax. All potential investments must meet minimum credit ratings of at least B from Moody's or B- from Standard & Poor's. Its financial performance is benchmarked against the Barclays Municipal Bond Index. Established in the U.S. on March 22, 1988, it was formerly known as DWS Strategic Municipal Income Trust.
Market snapshot
- Symbol
- KSM
- Price
- $10.08
- Day change
- +0.35%
- Market cap
- $111.3M
- P/E ratio
- 27.43x
- 52-week range
- 8.7-10.25
- Sector
- Financial Services
- Industry
- Asset Management - Income
Peer companies
- American Century Zero Coupon 2020 Fund Advisor Class (ACTEX)
- BlackRock Total Emerging Markets Fund Investor A (BEEAX)
- BNY Mellon Structured Midcap Fund Class C (DPSCX)
- BNY Mellon Structured MidCap Fund Class Y (DPSYX)
- Eaton Vance New York Municipal Income Trust (EVY)
- Hotchkis & Wiley Diversified Value Fund Class C (HWCCX)
- Western Asset Municipal Partners Fund Inc. (MNP)
- BMO Strategic Income Fund - Y (MRGIX)
Recent insider activity
- Saba Capital Management, L.P. — J-Other (1598145 shares) on 2024-11-20
- JPMorgan Chase Bank, N.A. — J-Other (600 shares) on 2024-10-16
- Kircher Richard — trade (0 shares) on 2024-09-19
- Saba Capital Management, L.P. — P-Purchase (100 shares) on 2024-03-12
- Saba Capital Management, L.P. — P-Purchase (6711 shares) on 2024-03-11
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