KSM Profile
Deutsche Strategic Municipal Income Trust is a closed-ended fixed income mutual fund managed by Deutsche Investment Management Americas Inc. The fund targets the fixed income markets across the United States, focusing on municipal securities. Its investment strategy includes both investment-grade and unrated municipal securities of comparable quality, along with high-yield municipal securities that fall below investment grade. The primary objective is to invest in securities exempt from federal income tax.
The fund maintains a disciplined investment approach, requiring that its securities hold a minimum rating of B by Moody's or B- by Standard & Poor's. Deutsche Strategic Municipal Income Trust benchmarks its portfolio performance against the Barclays Municipal Bond Index, ensuring alignment with industry standards and performance metrics. This strategic alignment helps the fund in achieving its financial goals while maintaining a robust risk management framework.
Formerly known as DWS Strategic Municipal Income Trust, the fund has a long history, having been established on March 22, 1988. Over the decades, it has developed a reputation for its investment expertise and consistent performance in the municipal bond market. The name change to Deutsche Strategic Municipal Income Trust reflects its alignment with the broader Deutsche brand and its strategic objectives.
Headquartered in the United States, Deutsche Strategic Municipal Income Trust benefits from the extensive resources and expertise of Deutsche Investment Management Americas Inc. This affiliation ensures access to a wealth of research, analysis, and market insights, enhancing the fund's ability to navigate the complexities of the fixed income markets. The fund's commitment to investing in tax-exempt securities makes it an attractive option for investors seeking tax-efficient income.
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