MGSMX — DWS Short-Term Municipal Bond Fund
Data updated: 2026-06-25
MGSMX — DWS Short-Term Municipal Bond Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Intermediate Municipal - National Bond · $128.70M AUM · 0.34% expense ratio · 3.7% 1-yr return. From SEC regulatory filings.
MGSMX Fund Overview
MGSMX — DWS Short-Term Municipal Bond Fund is a US mutual fund managed by Deutsche Dws Municipal Trust, categorised as Intermediate Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Deutsche Dws Municipal Trust
- Category: Intermediate Municipal - National Bond
- Assets under management: $128.70M
- 1-year return: 3.7%
- Ticker: MGSMX
- SEC CIK: 0000203142
- SEC series ID: S000031144
- Share class ID: C000096620
MGSMX Holdings
Top 10 holdings of DWS Short-Term Municipal Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Treasury | 3.54% |
| Halifax County Industrial Development Authority | 2.45% |
| Black Belt Energy Gas District | 2.26% |
| Louisville/Jefferson County Metropolitan Government | 2.25% |
| Oklahoma Industries Authority | 2.07% |
| New Jersey Turnpike Authority | 2.02% |
| City of Dallas TX | 1.98% |
| Fort Bend Independent School District | 1.97% |
| Great Lakes Water Authority Sewage Disposal System Revenue | 1.80% |
| Borough of Matanuska-Susitna AK | 1.73% |
MGSMX Portfolio Allocation
Asset-class allocation of DWS Short-Term Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.9% |
| Cash & Equivalents | 4.0% |
| Other | 0.9% |
MGSMX Performance
Total returns for MGSMX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.7% |
| 1 year | 3.7% |
| 3 years (annualised) | 3.5% |
| 5 years (annualised) | 1.8% |
MGSMX Risk Information
Risk metrics for MGSMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.3%
MGSMX Costs and Fees
MGSMX costs about $34 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.34%
- Gross expense ratio: 0.64%
- Portfolio turnover: 64%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
MGSMX Cashflows
Over the 12 months to 2026-04, DWS Short-Term Municipal Bond Fund had net outflows of $1.67M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$4.41M |
| 2026-03 | $3.02M |
| 2026-02 | −$3.63M |
| 2026-01 | $3.43M |
| 2025-12 | −$432.11K |
| 2025-11 | $855.79K |
MGSMX Debt Constituents
Largest debt holdings of DWS Short-Term Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Halifax County Industrial Development Authority | 2.45% |
| Black Belt Energy Gas District | 2.26% |
| Louisville/Jefferson County Metropolitan Government | 2.25% |
| Oklahoma Industries Authority | 2.07% |
| New Jersey Turnpike Authority | 2.02% |
| City of Dallas TX | 1.98% |
| Fort Bend Independent School District | 1.97% |
| Great Lakes Water Authority Sewage Disposal System Revenue | 1.80% |
| Borough of Matanuska-Susitna AK | 1.73% |
| Triborough Bridge & Tunnel Authority | 1.66% |
MGSMX Prospectus and SEC Filings
Official DWS Short-Term Municipal Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Intermediate Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.