DWS Municipal Income Trust

Frequently Asked Questions About KTF

What does KTF invest in?

Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment-grade tax-exempt municipal securities which are exempt from federal income tax. It seeks to invest in securities that are rated Baa or BBB or better by Moody's or S&P. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. It was formerly known as DWS Municipal Income Trust. Deutsche Municipal Income Trust was formed on October 20, 1988 and is domiciled in the United States.

What is the expense ratio of KTF?

DWS Municipal Income Trust (KTF) charges an expense ratio of 0.91%. This is the annual fee deducted from fund assets to cover management and operations.

What is KTF's dividend yield?

KTF's trailing-twelve-month yield is 8.39%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of KTF?

Effective duration measures KTF's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. KTF's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of KTF?

KTF's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of KTF?

Yield to maturity (YTM) is the total return you'd earn from KTF if every bond in the portfolio is held to maturity at the current price. KTF's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.