DWS Strategic Municipal Income Trust (KSM)
DWS Strategic Municipal Income Trust operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $10.07, up 0.35% on the session, giving a market capitalisation of $111.3M. On trailing twelve-month figures it carries a trailing P/E of 27.23, a net margin of 76.6%. Its beta of 0.57 implies it has historically moved less than the broad market.
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.
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