SRMCX Performance — DWS Short-Term Municipal Bond Fund, Class C
Data updated: 2026-09-25
SRMCX returned +0.33% year to date and +1.40% over one year to Jul 2026. Annualised returns are +2.40% over 3 years and +0.73% over 5 years. The fund trailed its Short-Term Municipal Bond category average: $100 invested three years ago grew to $107, against $110 for the category, and to $101 over one year, against $103. Volatility over the past three years was 1.73% a year. In the 12 months to Jul 2026 the fund took in a net $202K, and assets reached $130.20M.
SRMCX Growth of $100
What $100 invested in DWS Short-Term Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | SRMCX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $101 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $107 | $110 |
| 5 years (Aug 2021 – Jul 2026) | $104 | $108 |
| Since data start (Aug 2019 – Jul 2026) | $106 | $112 |
SRMCX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.33% |
| 1 year | +1.40% |
| 3 years (annualised) | +2.40% |
| 5 years (annualised) | +0.73% |
SRMCX Annual Returns
Calendar-year total returns of DWS Short-Term Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.33% |
| 2025 | +2.87% |
| 2024 | +2.09% |
| 2023 | +3.12% |
| 2022 | −3.76% |
| 2021 | −0.53% |
| 2020 | +1.68% |
| 2019 (Aug–Dec) | +0.22% |
SRMCX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +0.5% | −0.9% | +0.3% | +0.1% | +0.3% | −0.4% | — | — | — | — | — |
| 2025 | +0.5% | +0.5% | −0.2% | −0.1% | +0.4% | +0.6% | +0.3% | +0.5% | +0.4% | −0.1% | +0.1% | +0.3% |
| 2024 | +0.1% | +0.1% | +0.1% | −0.2% | +0.1% | +0.7% | +0.7% | +0.8% | +0.4% | −0.5% | +0.5% | −0.3% |
| 2023 | +1.1% | −0.9% | +1.0% | −0.1% | −0.4% | +0.4% | +0.1% | −0.2% | −0.7% | 0.0% | +1.8% | +0.9% |
| 2022 | −1.2% | −0.4% | −1.4% | −1.2% | +0.5% | −0.4% | +1.1% | −1.0% | −1.5% | −0.2% | +1.6% | +0.2% |
| 2021 | +0.3% | −0.7% | +0.1% | +0.2% | +0.1% | −0.1% | +0.3% | −0.2% | −0.4% | −0.2% | +0.1% | −0.1% |
| 2020 | +0.4% | +0.3% | −1.8% | −0.2% | +1.4% | +0.5% | +0.5% | −0.1% | 0.0% | −0.1% | +0.5% | +0.1% |
| 2019 | — | — | — | — | — | — | — | +0.2% | −0.3% | +0.1% | +0.1% | +0.1% |
SRMCX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 1.73%
- 3-year Sharpe ratio: -1.21 (vs 4.5% risk-free rate)
- Best month: +1.83% (Nov 2023)
- Worst month: −0.95% (Mar 2026)
SRMCX Fund Flows
Monthly money in and out of DWS Short-Term Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $202K
- 12-month gross sales (incl. reinvestments): $36.7M
- Sales ÷ redemptions: 1.01×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $1.5M | $2.2M | −$680K |
| Jun 2026 | $2.2M | $1.9M | $281K |
| May 2026 | $3.8M | $1.3M | $2.5M |
| Apr 2026 | $1.9M | $6.3M | −$4.4M |
| Mar 2026 | $7.0M | $3.9M | $3.0M |
| Feb 2026 | $1.3M | $4.9M | −$3.6M |
| Jan 2026 | $5.6M | $2.1M | $3.4M |
| Dec 2025 | $3.6M | $4.1M | −$432K |
| Nov 2025 | $2.2M | $1.4M | $856K |
| Oct 2025 | $1.7M | $2.9M | −$1.1M |
| Sep 2025 | $2.0M | $3.9M | −$1.9M |
| Aug 2025 | $3.9M | $1.6M | $2.3M |
SRMCX Assets Under Management
Net assets of DWS Short-Term Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $130.20M |
| 2026-04-30 | $128.70M |
| 2026-01-31 | $134.65M |
| 2025-10-31 | $130.32M |
| 2025-07-31 | $130.80M |
| 2025-04-30 | $129.56M |
| 2025-01-31 | $135.91M |
| 2024-10-31 | $131.36M |
| 2024-07-31 | $138.65M |
| 2024-04-30 | $143.50M |
| 2024-01-31 | $153.28M |
| 2023-10-31 | $153.14M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.