REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
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Pre-Effective Amendment No.
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Post-Effective Amendment No. 81
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and/or
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REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
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Amendment No. 72
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DWS Municipal Trust
(Exact Name of Registrant as Specified in Charter)
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345 Park Avenue, New York, NY 10154
(Address of Principal Executive Offices) (Zip Code)
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Registrant’s Telephone Number, including Area Code: (617) 295-1000
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John Millette
Vice President and Secretary
One Beacon Street
Boston, MA 02108
(Name and Address of Agent for Service)
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/X/
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Immediately upon filing pursuant to paragraph (b)
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On _______________pursuant to paragraph (b)
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60 days after filing pursuant to paragraph (a)(1)
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On _______________pursuant to paragraph (a)(1)
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75 days after filing pursuant to paragraph (a)(2)
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On _______________ pursuant to paragraph (a) (2) of Rule 485
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If appropriate, check the following box:
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This post-effective amendment designates a new effective date for a previously filed post-effective amendment
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DWS Strategic High Yield Tax-Free Fund — Class A, Class B, Class C, Institutional Class and Class S
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DWS Managed Municipal Bond Fund — Class A, Class B, Class C, Institutional Class and Class S
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By: /s/Robert Kendall
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SIGNATURE
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TITLE
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DATE
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/s/Robert Kendall
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Robert Kendall*
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President
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October 7, 2013
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/s/Paul H. Schubert | |||||
Paul H. Schubert
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Chief Financial Officer and Treasurer
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October 7, 2013
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/s/John W. Ballantine
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John W. Ballantine*
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Trustee
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October 7, 2013
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/s/Henry P. Becton, Jr.
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Henry P. Becton, Jr.*
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Trustee
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October 7, 2013
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/s/Dawn-Marie Driscoll
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Dawn-Marie Driscoll*
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Trustee
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October 7, 2013
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/s/Keith R. Fox
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Keith R. Fox*
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Trustee
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October 7, 2013
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/s/Paul K. Freeman
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Paul K. Freeman*
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Trustee
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October 7, 2013
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/s/Kenneth C. Froewiss
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Kenneth C. Froewiss*
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Chairperson and Trustee
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October 7, 2013
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/s/Richard J. Herring
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Richard J. Herring*
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Trustee
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October 7, 2013
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/s/William McClayton
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William McClayton*
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Vice Chairperson and Trustee
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October 7, 2013
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/s/Rebecca W. Rimel
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Rebecca W. Rimel*
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Trustee
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October 7, 2013
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/s/William N. Searcy, Jr.
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William N. Searcy, Jr.*
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Trustee
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October 7, 2013
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/s/Jean Gleason Stromberg
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Jean Gleason Stromberg*
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Trustee
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October 7, 2013
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/s/Robert H. Wadsworth
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Robert H. Wadsworth*
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Trustee
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October 7, 2013
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**
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Attorney-in-fact pursuant to the powers of attorney as filed herein; and that are incorporated herein by reference to Post-Effective Amendment No. 62 to the Registration Statement as filed on July 25, 2008.
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Cash Account Trust
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Cash Management Portfolio
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Cash Reserve Fund, Inc.
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DWS Equity 500 Index Portfolio
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DWS Global High Income Fund, Inc.
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DWS Global/International Fund, Inc.
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DWS High Income Opportunities Fund, Inc.
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DWS High Income Trust
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DWS Income Trust
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DWS Institutional Funds
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DWS International Fund, Inc.
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DWS Investment Trust
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DWS Investments VIT Funds
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DWS Market Trust
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DWS Money Funds
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DWS Money Market Trust
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DWS Multi-Market Income Trust
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DWS Municipal Income Trust
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DWS Municipal Trust
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DWS Portfolio Trust
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DWS Securities Trust
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DWS State Tax-Free Income Series
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DWS Strategic Income Trust
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DWS Strategic Municipal Income Trust
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DWS Target Date Series
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DWS Target Fund
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DWS Tax Free Trust
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DWS Value Series, Inc.
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DWS Variable Series I
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DWS Variable Series II
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Investors Cash Trust
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Tax-Exempt California Money Market Fund
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SIGNATURE
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TITLE
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DATE
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/s/Robert Kendall
Robert Kendall
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President
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October 3, 2013
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1.
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That I am the duly elected Secretary of the Funds listed on the attached Appendix A, (each a “Fund,” and each Fund’s underlying portfolios, if applicable, a “Series”);
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I further certify that the following is a complete and correct copy of resolutions adopted by all of the members of the Board of Directors/Trustees of the Funds by written consent effective October 3, 2013, and that such resolutions have not been amended and are in full force and effect:
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IN WITNESS WHEREOF, I hereunto set my hand this third day of October, 2013.
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CASH ACCOUNT TRUST, and its series:
Government & Agency Securities Portfolio
Money Market Portfolio
Tax-Exempt Portfolio
CASH MANAGEMENT PORTFOLIO
CASH RESERVE FUND, INC., and its
series:
Prime Series
DWS EQUITY 500 INDEX PORTFOLIO
DWS GLOBAL HIGH INCOME FUND,
INC.
DWS GLOBAL/INTERNATIONAL
FUND, INC., and its series:
DWS Enhanced Emerging Markets Fixed
Income Fund
DWS Enhanced Global Bond Fund
DWS Global Growth Fund
DWS Global Small Cap Growth Fund
DWS RREEF Global Infrastructure Fund
DWS HIGH INCOME OPPORTUNITIES
FUND, INC.
DWS HIGH INCOME TRUST
DWS INCOME TRUST, and its series:
DWS Core Fixed Income Fund
DWS Global High Income Fund
DWS Global Inflation Fund
DWS GNMA Fund
DWS High Income Fund
DWS Short Duration Fund
DWS Strategic Government Securities Fund
DWS Ultra-Short Duration Fund
DWS Unconstrained Income Fund
DWS INSTITUTIONAL FUNDS, and its
series:
DWS EAFE Equity Index Fund
DWS Equity 500 Index Fund
DWS S&P 500 Index Fund
DWS U.S. Bond Index Fund
DWS PORTFOLIO TRUST, and its series:
DWS Core Plus Income Fund
DWS Floating Rate Fund
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DWS INTERNATIONAL FUND, INC., and
its series:
DWS Emerging Markets Equity Fund
DWS Global Equity Fund
DWS International Fund
DWS International Value Fund
DWS Latin America Equity Fund
DWS World Dividend Fund
DWS INVESTMENT TRUST, and its
series:
DWS Capital Growth Fund
DWS Core Equity Fund
DWS Large Cap Focus Growth Fund
DWS Mid Cap Growth Fund
DWS Small Cap Core Fund
DWS Small Cap Growth Fund
DWS INVESTMENTS VIT FUNDS, and its
series:
DWS Equity 500 Index VIP
DWS Small Cap Index VIP
DWS MARKET TRUST, and its series:
DWS Alternative Asset Allocation Fund
DWS Diversified Market Neutral Fund
DWS Global Income Builder Fund
DWS Select Alternative Allocation Fund
DWS MONEY FUNDS, and its series:
DWS Money Market Prime Series
DWS MONEY MARKET TRUST, and its
series
Cash Management Fund
Cash Reserve Fund Institutional
Daily Assets Fund Institutional
DWS Money Market Series
NY Tax Free Money Fund
Tax Free Money Fund Investment
DWS MULTI-MARKET INCOME
TRUST
DWS MUNICIPAL INCOME TRUST
DWS MUNICIPAL TRUST, and its series:
DWS Managed Municipal Bond Fund
DWS Short-Term Municipal Bond Fund
DWS Strategic High Yield Tax-Free Fund
DWS TAX FREE TRUST, and its series
DWS Intermediate Tax/AMT Free Fund
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DWS SECURITIES TRUST, and its series:
DWS Communications Fund
DWS Enhanced Commodity Strategy Fund
DWS Gold & Precious Metals Fund
DWS Health Care Fund
DWS RREEF Global Real Estate Securities
Fund
DWS RREEF Real Estate Securities Fund
DWS RREEF Real Estate Securities Income Fund
DWS Technology Fund
DWS STATE TAX-FREE INCOME
SERIES, and its series:
DWS California Tax-Free Income Fund
DWS Massachusetts Tax-Free Fund
DWS New York Tax-Free Income Fund
DWS STRATEGIC INCOME TRUST
DWS STRATEGIC MUNICIPAL
INCOME TRUST
DWS TARGET DATE SERIES, and its
series:
DWS LifeCompass 2015 Fund
DWS LifeCompass 2020 Fund
DWS LifeCompass 2030 Fund
DWS LifeCompass 2040 Fund
DWS LifeCompass Retirement Fund
DWS TARGET FUND, and its series:
DWS Target 2014 Fund
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DWS VALUE SERIES, INC. and its series:
DWS Equity Dividend Fund
DWS Large Cap Value Fund
DWS Mid Cap Value Fund
DWS Small Cap Value Fund
DWS VARIABLE SERIES I, and its series
DWS Bond VIP
DWS Capital Growth VIP
DWS Core Equity VIP
DWS Global Small Cap Growth VIP
DWS International VIP
DWS VARIABLE SERIES II, and its series
DWS Alternative Asset Allocation VIP
DWS Global Equity VIP
DWS Global Growth VIP
DWS Global Income Builder VIP
DWS Government & Agency Securities VIP
DWS High Income VIP
DWS Large Cap Value VIP
DWS Money Market VIP
DWS Small Mid Cap Growth VIP
DWS Small Mid Cap Value VIP
DWS Unconstrained Income VIP
INVESTORS CASH TRUST, and its series:
Central Cash Management Fund
DWS Variable NAV Money Fund
Treasury Portfolio
TAX-EXEMPT CALIFORNIA MONEY
MARKET FUND
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Index No.
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Description of Exhibit
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EX-101.INS
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XBRL Instance Document
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EX-101.SCH
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XBRL Taxonomy Extension Schema Document
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EX-101.CAL
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XBRL Taxonomy Extension Calculation Linkbase
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EX-101.DEF
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XBRL Taxonomy Extension Definition Linkbase
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EX-101.LAB
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XBRL Taxonomy Extension Labels Linkbase
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EX-101.PRE
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XBRL Taxonomy Extension Presentation Linkbase
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Label | Element | Value |
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Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | DWS MUNICIPAL TRUST |
Prospectus Date | rr_ProspectusDate | Oct. 01, 2013 |
DWS Managed Municipal Bond Fund
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Risk/Return: | rr_RiskReturnAbstract | |
Risk/Return [Heading] | rr_RiskReturnHeading | DWS Managed Municipal Bond Fund |
Objective [Heading] | rr_ObjectiveHeading | Investment Objective |
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The fund seeks to provide income exempt from regular federal income tax. |
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund |
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | These are the fees and expenses you may pay when you buy and hold shares. You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $100,000 in DWS funds. More information about these and other discounts is available from your financial professional and in Choosing a Share Class (p. 22) and Purchase and Redemption of Shares in the fund's Statement of Additional Information (SAI) (p. II-15). |
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | SHAREHOLDER FEES (paid directly from your investment) |
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a % of the value of your investment) |
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | September 30, 2014 |
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | PORTFOLIO TURNOVER |
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs and may mean higher taxes if you are investing in a taxable account. These costs are not reflected in annual fund operating expenses or in the expense example, and can affect the fund's performance. Portfolio turnover rate for fiscal year 2013: 34%. |
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 34.00% |
Expense Footnotes [Text Block] | rr_ExpenseFootnotesTextBlock | The Advisor has contractually agreed through September 30, 2014 to waive and/or reimburse fund expenses to the extent necessary to maintain the fund's total annual operating expenses (excluding extraordinary expenses, taxes, brokerage and interest expenses) at 1.56% and 0.56% for Class B and Class S, respectively. The agreement may only be terminated with the consent of the fund's Board. |
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts if you and your immediate family invest, or agree to invest in the future, at least $100,000 in DWS funds. |
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | $ 100,000 |
Expense Example [Heading] | rr_ExpenseExampleHeading | EXAMPLE |
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This Example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the fund's operating expenses (including one year of capped expenses in each period for Class B and Class S) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
Expense Example, No Redemption Narrative [Text Block] | rr_ExpenseExampleNoRedemptionNarrativeTextBlock | You would pay the following expenses if you did not redeem your shares: |
Expense Example Closing [Text Block] | rr_ExpenseExampleClosingTextBlock | Class B converts to Class A after six years; the Example for Class B reflects Class A fees after the conversion. |
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategy |
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | Main investments. Under normal circumstances, the fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in securities issued by municipalities across the United States and in other securities whose income is free from regular federal income tax. The fund may invest up to 20% of net assets in securities whose income is subject to the federal alternative minimum tax (AMT). The fund can buy many types of municipal securities of all maturities. These may include revenue bonds (which are backed by revenues from a particular source) and general obligation bonds (which are typically backed by the issuer's ability to levy taxes). They may also include municipal lease obligations and investments representing an interest therein. The fund normally invests at least 65% of total assets in municipal securities of the top three grades of credit quality. The fund may invest up to 10% of total assets in high yield debt securities (commonly referred to as "junk" bonds) of the fifth and sixth credit grades (i.e., as low as grade B). Compared to investment-grade debt securities, junk bonds generally pay higher yields, have higher volatility and higher risk of default on payments of interest or principal. Management process. Portfolio management looks for securities that appear to offer the best opportunity to meet the fund's objective. In making its buy and sell decisions, portfolio management typically weighs a number of factors against each other, from economic outlooks and possible interest rate movements to characteristics of specific securities, such as coupon, maturity date and call date, and changes in supply and demand within the municipal bond market. Although portfolio management may adjust the fund's duration (a measure of sensitivity to interest rates) over a wider range, they generally intend to keep it similar to that of the Barclays Municipal Bond Index, generally between five and nine years. Derivatives. Portfolio management generally may use interest rate swaps, which are a type of derivative (a contract whose value is based on, for example, indices, currencies or securities), to manage the duration of the investment portfolio (i.e., reducing or increasing the sensitivity of the fund's portfolio to interest rate changes). Portfolio management may also use inverse floating rate securities to seek to enhance potential gains. The fund may also use various types of derivatives (i) for hedging; (ii) for risk management; (iii) for non-hedging purposes to seek to enhance potential gains; or (iv) as a substitute for direct investment in a particular asset class or to keep cash on hand to meet shareholder redemptions. |
Risk [Heading] | rr_RiskHeading | Main Risks |
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | There are several risk factors that could hurt the fund's performance, cause you to lose money or cause the fund's performance to trail that of other investments. The fund may not achieve its investment objective, and is not intended to be a complete investment program. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Interest rate risk. When interest rates rise, prices of debt securities generally decline. The longer the duration of the fund's debt securities, the more sensitive it will be to interest rate changes. (As a general rule, a 1% rise in interest rates means a 1% fall in value for every year of duration.) Credit risk. The fund's performance could be hurt if an issuer of a debt security suffers an adverse change in financial condition that results in a payment default, security downgrade or inability to meet a financial obligation. Credit risk is greater for lower-rated securities. Because the issuers of high-yield debt securities or junk bonds (debt securities rated below the fourth highest credit rating category) may be in uncertain financial health, the prices of their debt securities can be more vulnerable to bad economic news, or even the expectation of bad news, than investment-grade debt securities. High-yield debt securities are considered speculative, and credit risk for high-yield securities is greater than for higher-rated securities. Focus risk. To the extent that the fund focuses on investments from a single state, region or sector of the municipal securities market, its performance can be more volatile than that of a fund that invests more broadly. As an example, factors affecting a state, region or sector such as severe fiscal difficulties, an economic downturn, court rulings, increased expenditures on domestic security or reduced monetary support from the federal government could over time impair a state, region or sector's ability to repay its obligations. Municipal securities risk. The fund will be impacted by events in the municipal securities market. Negative events, such as severe fiscal difficulties, bankruptcy of one or more issuers, an economic downturn, unfavorable legislation, court rulings or political developments, or reduced monetary support from the federal government could hurt fund performance. Market risk. Deteriorating market conditions might cause a general weakness in the market that reduces the prices of securities in that market. Developments in a particular class of debt securities or the stock market could also adversely affect the fund by reducing the relative attractiveness of debt securities as an investment. Also, to the extent that the fund emphasizes debt securities from any given state or region, it could be hurt if that state or region does not do well. Inverse floating rate securities risk. The interest payment received on inverse floating rate securities ("inverse floaters") generally will decrease when short-term interest rates increase. Inverse floaters are derivatives that involve leverage and could magnify the fund's gains or losses. Derivatives risk. Risks associated with derivatives include the risk that the derivative is not well correlated with the security, index or currency to which it relates; the risk that derivatives may result in losses or missed opportunities; the risk that the fund will be unable to sell the derivative because of an illiquid secondary market; the risk that a counterparty is unwilling or unable to meet its obligation; and the risk that the derivative transaction could expose the fund to the effects of leverage, which could increase the fund's exposure to the market and magnify potential losses. Security selection risk. The securities in the fund's portfolio may decline in value. Portfolio management could be wrong in its analysis of municipalities, industries, companies, economic trends, the relative attractiveness of different securities or other matters. Counterparty risk. A financial institution or other counterparty with whom the fund does business, or that underwrites, distributes or guarantees any investments or contracts that the fund owns or is otherwise exposed to, may decline in financial health and become unable to honor its commitments. This could cause losses for the fund or could delay the return or delivery of collateral or other assets to the fund. Tax risk. Income from municipal securities held by the fund could be declared taxable because of unfavorable changes in tax laws, adverse interpretations by the Internal Revenue Service or state tax authorities, or noncompliant conduct of a securities issuer. In addition, a portion of the fund's otherwise exempt-interest distributions may be taxable to those shareholders subject to the federal AMT. Liquidity risk. In certain situations, it may be difficult or impossible to sell an investment in an orderly fashion at an acceptable price. Prepayment and extension risk. When interest rates fall, issuers of high interest debt obligations may pay off the debts earlier than expected (prepayment risk), and the fund may have to reinvest the proceeds at lower yields. When interest rates rise, issuers of lower interest debt obligations may pay off the debts later than expected (extension risk), thus keeping the fund's assets tied up in lower interest debt obligations. Ultimately, any unexpected behavior in interest rates could increase the volatility of the fund's share price and yield and could hurt fund performance. Prepayments could also create capital gains tax liability in some instances. Pricing risk. If market conditions make it difficult to value some investments, the fund may value these investments using more subjective methods, such as fair value pricing. In such cases, the value determined for an investment could be different than the value realized upon such investment's sale. As a result, you could pay more than the market value when buying fund shares or receive less than the market value when selling fund shares. |
Risk Lose Money [Text] | rr_RiskLoseMoney | There are several risk factors that could hurt the fund's performance, cause you to lose money or cause the fund's performance to trail that of other investments. |
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. |
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Past Performance |
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | How a fund's returns vary from year to year can give an idea of its risk; so can comparing fund performance to overall market performance (as measured by an appropriate market index). Past performance may not indicate future results. All performance figures below assume that dividends were reinvested. For more recent performance figures, go to www.dws-investments.com (the Web site does not form a part of this prospectus) or call the phone number included in this prospectus. |
Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | How a fund's returns vary from year to year can give an idea of its risk; so can comparing fund performance to overall market performance (as measured by an appropriate market index). |
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.dws-investments.com |
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | Past performance may not indicate future results. |
Bar Chart [Heading] | rr_BarChartHeading | CALENDAR YEAR TOTAL RETURNS (%) (Class A) |
Bar Chart Narrative [Text Block] | rr_BarChartNarrativeTextBlock | These year-by-year returns do not include sales charges, if any, and would be lower if they did. Returns for other classes were different and are not shown here. |
Bar Chart Does Not Reflect Sales Loads [Text] | rr_BarChartDoesNotReflectSalesLoads | These year-by-year returns do not include sales charges, if any, and would be lower if they did. |
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | Best Quarter: 9.03%, Q3 2009 Worst Quarter: -4.74%, Q4 2010 Year-to-Date as of 6/30/2013: -3.66% |
Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns (For periods ended 12/31/2012 expressed as a %) |
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | After-tax returns (which are shown only for Class A and would be different for other classes) reflect the historical highest individual federal income tax rates, but do not reflect any state or local taxes. |
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | After-tax returns are not relevant to shares held in an IRA, 401(k) or other tax-advantaged investment plan. |
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | After-tax returns (which are shown only for Class A and would be different for other classes) |
Performance Table Narrative | rr_PerformanceTableNarrativeTextBlock | After-tax returns (which are shown only for Class A and would be different for other classes) reflect the historical highest individual federal income tax rates, but do not reflect any state or local taxes. Your actual after-tax returns may be different. After-tax returns are not relevant to shares held in an IRA, 401(k) or other tax-advantaged investment plan. |
DWS Managed Municipal Bond Fund | Class A
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Risk/Return: | rr_RiskReturnAbstract | |
Maximum sales charge (load) imposed on purchases, as % of offering price | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 2.75% |
Maximum deferred sales charge (load), as % of redemption proceeds | rr_MaximumDeferredSalesChargeOverOther | none |
Account Maintenance Fee (annually, for fund balances below $10,000 and subject to certain exceptions) | rr_MaximumAccountFee | 20 |
Management fee | rr_ManagementFeesOverAssets | 0.32% |
Distribution/service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 0.24% |
Interest expense | rr_Component1OtherExpensesOverAssets | 0.05% |
Other expenses | rr_Component3OtherExpensesOverAssets | 0.19% |
Total other expenses | rr_OtherExpensesOverAssets | 0.24% |
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.80% |
Less fee waiver/reimbursement | rr_FeeWaiverOrReimbursementOverAssets | none |
Net annual fund operating expenses | rr_NetExpensesOverAssets | 0.80% |
1 Year | rr_ExpenseExampleYear01 | 354 |
3 Years | rr_ExpenseExampleYear03 | 523 |
5 Years | rr_ExpenseExampleYear05 | 707 |
10 Years | rr_ExpenseExampleYear10 | 1,238 |
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 354 |
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 523 |
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 707 |
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 1,238 |
2003 | rr_AnnualReturn2003 | 5.03% |
2004 | rr_AnnualReturn2004 | 2.84% |
2005 | rr_AnnualReturn2005 | 3.60% |
2006 | rr_AnnualReturn2006 | 4.81% |
2007 | rr_AnnualReturn2007 | 3.24% |
2008 | rr_AnnualReturn2008 | (5.93%) |
2009 | rr_AnnualReturn2009 | 17.31% |
2010 | rr_AnnualReturn2010 | 1.31% |
2011 | rr_AnnualReturn2011 | 9.70% |
2012 | rr_AnnualReturn2012 | 9.52% |
Year to Date Return, Label | rr_YearToDateReturnLabel | Year-to-Date |
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Jun. 30, 2013 |
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | (3.66%) |
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Best Quarter: |
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Sep. 30, 2009 |
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 9.03% |
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Worst Quarter: |
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Dec. 31, 2010 |
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (4.74%) |
DWS Managed Municipal Bond Fund | Class B
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Risk/Return: | rr_RiskReturnAbstract | |
Maximum sales charge (load) imposed on purchases, as % of offering price | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none |
Maximum deferred sales charge (load), as % of redemption proceeds | rr_MaximumDeferredSalesChargeOverOther | 4.00% |
Account Maintenance Fee (annually, for fund balances below $10,000 and subject to certain exceptions) | rr_MaximumAccountFee | 20 |
Management fee | rr_ManagementFeesOverAssets | 0.32% |
Distribution/service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% |
Interest expense | rr_Component1OtherExpensesOverAssets | 0.05% |
Other expenses | rr_Component3OtherExpensesOverAssets | 0.26% |
Total other expenses | rr_OtherExpensesOverAssets | 0.31% |
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.63% |
Less fee waiver/reimbursement | rr_FeeWaiverOrReimbursementOverAssets | 0.02% |
Net annual fund operating expenses | rr_NetExpensesOverAssets | 1.61% |
1 Year | rr_ExpenseExampleYear01 | 564 |
3 Years | rr_ExpenseExampleYear03 | 812 |
5 Years | rr_ExpenseExampleYear05 | 1,085 |
10 Years | rr_ExpenseExampleYear10 | 1,505 |
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 164 |
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 512 |
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 885 |
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 1,505 |
DWS Managed Municipal Bond Fund | Class C
|
||
Risk/Return: | rr_RiskReturnAbstract | |
Maximum sales charge (load) imposed on purchases, as % of offering price | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none |
Maximum deferred sales charge (load), as % of redemption proceeds | rr_MaximumDeferredSalesChargeOverOther | 1.00% |
Account Maintenance Fee (annually, for fund balances below $10,000 and subject to certain exceptions) | rr_MaximumAccountFee | 20 |
Management fee | rr_ManagementFeesOverAssets | 0.32% |
Distribution/service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% |
Interest expense | rr_Component1OtherExpensesOverAssets | 0.05% |
Other expenses | rr_Component3OtherExpensesOverAssets | 0.21% |
Total other expenses | rr_OtherExpensesOverAssets | 0.26% |
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.58% |
Less fee waiver/reimbursement | rr_FeeWaiverOrReimbursementOverAssets | none |
Net annual fund operating expenses | rr_NetExpensesOverAssets | 1.58% |
1 Year | rr_ExpenseExampleYear01 | 261 |
3 Years | rr_ExpenseExampleYear03 | 499 |
5 Years | rr_ExpenseExampleYear05 | 860 |
10 Years | rr_ExpenseExampleYear10 | 1,878 |
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 161 |
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 499 |
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 860 |
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 1,878 |
DWS Managed Municipal Bond Fund | INST Class
|
||
Risk/Return: | rr_RiskReturnAbstract | |
Maximum sales charge (load) imposed on purchases, as % of offering price | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none |
Maximum deferred sales charge (load), as % of redemption proceeds | rr_MaximumDeferredSalesChargeOverOther | none |
Account Maintenance Fee (annually, for fund balances below $10,000 and subject to certain exceptions) | rr_MaximumAccountFee | none |
Management fee | rr_ManagementFeesOverAssets | 0.32% |
Distribution/service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none |
Interest expense | rr_Component1OtherExpensesOverAssets | 0.05% |
Other expenses | rr_Component3OtherExpensesOverAssets | 0.20% |
Total other expenses | rr_OtherExpensesOverAssets | 0.25% |
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.57% |
Less fee waiver/reimbursement | rr_FeeWaiverOrReimbursementOverAssets | none |
Net annual fund operating expenses | rr_NetExpensesOverAssets | 0.57% |
1 Year | rr_ExpenseExampleYear01 | 58 |
3 Years | rr_ExpenseExampleYear03 | 183 |
5 Years | rr_ExpenseExampleYear05 | 318 |
10 Years | rr_ExpenseExampleYear10 | 714 |
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 58 |
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 183 |
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 318 |
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 714 |
DWS Managed Municipal Bond Fund | Class S
|
||
Risk/Return: | rr_RiskReturnAbstract | |
Maximum sales charge (load) imposed on purchases, as % of offering price | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none |
Maximum deferred sales charge (load), as % of redemption proceeds | rr_MaximumDeferredSalesChargeOverOther | none |
Account Maintenance Fee (annually, for fund balances below $10,000 and subject to certain exceptions) | rr_MaximumAccountFee | 20 |
Management fee | rr_ManagementFeesOverAssets | 0.32% |
Distribution/service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none |
Interest expense | rr_Component1OtherExpensesOverAssets | 0.05% |
Other expenses | rr_Component3OtherExpensesOverAssets | 0.25% |
Total other expenses | rr_OtherExpensesOverAssets | 0.30% |
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.62% |
Less fee waiver/reimbursement | rr_FeeWaiverOrReimbursementOverAssets | 0.01% |
Net annual fund operating expenses | rr_NetExpensesOverAssets | 0.61% |
1 Year | rr_ExpenseExampleYear01 | 62 |
3 Years | rr_ExpenseExampleYear03 | 198 |
5 Years | rr_ExpenseExampleYear05 | 345 |
10 Years | rr_ExpenseExampleYear10 | 773 |
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 62 |
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 198 |
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 345 |
10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 773 |
DWS Managed Municipal Bond Fund | before tax | Class A
|
||
Risk/Return: | rr_RiskReturnAbstract | |
1 Year | rr_AverageAnnualReturnYear01 | 6.51% |
5 Years | rr_AverageAnnualReturnYear05 | 5.49% |
10 Years | rr_AverageAnnualReturnYear10 | 4.69% |
Class Inception | rr_AverageAnnualReturnInceptionDate | Jun. 11, 2001 |
DWS Managed Municipal Bond Fund | before tax | Class B
|
||
Risk/Return: | rr_RiskReturnAbstract | |
1 Year | rr_AverageAnnualReturnYear01 | 5.58% |
5 Years | rr_AverageAnnualReturnYear05 | 5.05% |
10 Years | rr_AverageAnnualReturnYear10 | 4.16% |
Class Inception | rr_AverageAnnualReturnInceptionDate | Jun. 11, 2001 |
DWS Managed Municipal Bond Fund | before tax | Class C
|
||
Risk/Return: | rr_RiskReturnAbstract | |
1 Year | rr_AverageAnnualReturnYear01 | 8.68% |
5 Years | rr_AverageAnnualReturnYear05 | 5.28% |
10 Years | rr_AverageAnnualReturnYear10 | 4.19% |
Class Inception | rr_AverageAnnualReturnInceptionDate | Jun. 11, 2001 |
DWS Managed Municipal Bond Fund | before tax | INST Class
|
||
Risk/Return: | rr_RiskReturnAbstract | |
1 Year | rr_AverageAnnualReturnYear01 | 9.78% |
5 Years | rr_AverageAnnualReturnYear05 | 6.34% |
10 Years | rr_AverageAnnualReturnYear10 | 5.23% |
Class Inception | rr_AverageAnnualReturnInceptionDate | Aug. 19, 2002 |
DWS Managed Municipal Bond Fund | before tax | Class S
|
||
Risk/Return: | rr_RiskReturnAbstract | |
1 Year | rr_AverageAnnualReturnYear01 | 9.70% |
5 Years | rr_AverageAnnualReturnYear05 | 6.28% |
10 Years | rr_AverageAnnualReturnYear10 | 5.20% |
Class Inception | rr_AverageAnnualReturnInceptionDate | Oct. 14, 1976 |
DWS Managed Municipal Bond Fund | After tax on distributions | Class A
|
||
Risk/Return: | rr_RiskReturnAbstract | |
1 Year | rr_AverageAnnualReturnYear01 | 6.50% |
5 Years | rr_AverageAnnualReturnYear05 | 5.46% |
10 Years | rr_AverageAnnualReturnYear10 | 4.66% |
DWS Managed Municipal Bond Fund | After tax on distributions, with sale | Class A
|
||
Risk/Return: | rr_RiskReturnAbstract | |
1 Year | rr_AverageAnnualReturnYear01 | 5.60% |
5 Years | rr_AverageAnnualReturnYear05 | 5.32% |
10 Years | rr_AverageAnnualReturnYear10 | 4.63% |
DWS Managed Municipal Bond Fund | Barclays Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
|
||
Risk/Return: | rr_RiskReturnAbstract | |
1 Year | rr_AverageAnnualReturnYear01 | 6.78% |
5 Years | rr_AverageAnnualReturnYear05 | 5.91% |
10 Years | rr_AverageAnnualReturnYear10 | 5.10% |
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