DWS Municipal Income Trust chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.65
Dividend & Yield0.34$ (3.91%)
Beta 0.32
Market capitalization 338.72M
Operating cash flow 16.33M
ESG Scores unknown

Company description

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.

Sector: Financial Services - Industry: Asset Management

Financial Ratios
Quick Ratio0.17
Working Capital-0.49
Return On Equity0.04
Debt To Equity0.4
Fixed Asset Ratio-0.19
Fixed Interest Cover6.76

Financial data

Financial Statements

Cashflow Statement 2019-11-30 2020-11-30 2021-11-30 2022-11-30
Change To Liabilities 409.04k 611.79k
Total Cashflows From Investing Activities
Net Borrowings -7.5M -7.5M
Total Cash From Financing Activities -21.76M -27.42M -21.21M -16.33M
Change To Operating Activities -30.82k 244.42k -273.96k -47.39k
Issuance Of Stock 198.75M 198.75M
Net Income 53.41M 23.25M 21.92M -91.36M
Change In Cash 62.48k -80k -19.96k
Effect Of Exchange Rate
Total Cash From Operating Activities 21.82M 27.34M 21.19M 16.33M
Depreciation
Change To Account Receivables -477.69k 425.98k 141.57k 145.05k
Other Cashflows From Financing Activities -324.59k -324.59k -73.3k
Change To Netincome -31.1M 3.41M -1.14M 106.85M
Capital Expenditures

Income Statement 2019-11-30 2020-11-30 2021-11-30 2022-11-30
Research Development
Income Before Tax 53.41M 23.25M 21.92M -91.36M
Net Income 53.41M 23.25M 21.92M -91.36M
Selling General Administrative 4.16M 3.46M 4.18M 3.78M
Gross Profit 30.45M 28.21M 26.18M 25.66M
Ebit 26.29M 24.75M 22M 21.88M
Operating Income 26.29M 24.75M 22M 21.88M
Interest Expense -6.61M -4.61M -3.25M -5.26M
Income Tax Expense
Total Revenue 30.45M 28.21M 26.18M 25.66M
Cost Of Revenue
Total Other Income ExpenseNet 27.12M -1.51M -82.66k -113.24M
Net Income From Continuing Ops 53.41M 23.25M 21.92M -91.36M
Net Income Applicable To Common Shares 53.41M 23.25M 21.92M -91.36M

Balance Sheet Statement 2019-11-30 2020-11-30 2021-11-30 2022-11-30
Total Liabilities 259.75M 251.98M 252.24M 253.27M
Total Stockholder Equity 497M 500.84M 501.57M 393.55M
Other Current Liabilities
Total Assets 756.75M 752.82M 753.81M 646.82M
Common Stock 432.23M 432.23M 431.33M 431.33M
Other Current Assets
Retained Earnings 64.77M 68.61M 70.25M -37.78M
Treasury Stock
Cash 99.96k 19.96k
Total Current Liabilities 61.01M 53.55M 53.74M 54.65M
Other Stockholder Equity
Property, Plant, and Equipment
Total Current Assets 10.02M 9.51M 9.35M 9.21M
Net Tangible Assets 497M 500.84M 501.57M 393.55M
Net Receivables 9.92M 9.49M 9.35M 9.21M
Accounts Payable 409.04k 1.02M


Insider Transactions

Here are the insider transactions of stock shares related to DWS Municipal Income Trust:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HERRING RICHARD JSale at price 8.75 per share.D2022-12-21Director600
BALLANTINE JOHN WPurchase at price 11.61 per share.D2019-08-09Director2.46k
FOX KEITH RSale at price 11.18 per share.D2019-06-05Director1k
SEARCY WILLIAM N JRSale at price 11.72 per share.D2018-01-23Director926
SEARCY WILLIAM N JRSale at price 11.72 per share.D2018-01-22Director1.58k
CITIGROUP, INC.Sale at price 13.80 per share.I2015-03-10Beneficial Owner of more than 10% of a Class of Security37.77k
ANTOSCA PAULSale at price 13.30 - 13.31 per share.D2014-10-22Officer21.77k
ANTOSCA PAULSale at price 13.36 per share.D2014-10-21Officer3.23k
CONDON PHILIP GSale at price 13.32 per share.D2014-08-06Other Executive2k
CONDON PHILIP GSale at price 13.23 per share.D2014-08-05Other Executive3.5k
CONDON PHILIP GSale at price 13.22 per share.D2014-07-31Other Executive2k
CONDON PHILIP GSale at price 13.45 per share.D2014-07-28Other Executive1.24k
CONDON PHILIP GSale at price 13.45 per share.D2014-07-25Other Executive6.9k
HERRING RICHARD JPurchase at price 13.62 per share.D2014-07-01Director600
FROEWISS KENNETH CPurchase at price 13.28 per share.D2014-06-20Director500
SEARCY WILLIAM N JRPurchase at price 13.00 per share.D2014-04-02Director2k
ANTOSCA PAULPurchase at price 11.72 per share.D2013-12-10Officer7.05k
ANTOSCA PAULPurchase at price 11.67 - 11.69 per share.D2013-12-06Officer17.95k
CONDON PHILIP GPurchase at price 11.71 per share.D2013-12-05Other Executive3.7k
CONDON PHILIP GPurchase at price 11.76 per share.D2013-12-02Divisional Officer4k
CONDON PHILIP GPurchase at price 11.80 per share.D2013-11-29Other Executive300
CONDON PHILIP GPurchase at price 11.76 per share.D2013-11-27Other Executive6k
CONDON PHILIP GPurchase at price 11.75 per share.D2013-11-26Other Executive3k
CONDON PHILIP GPurchase at price 11.79 per share.D2013-11-22Other Executive8.5k
CONDON PHILIP GPurchase at price 11.79 per share.D2013-11-21Other Executive10.57k
CONDON PHILIP GPurchase at price 11.82 per share.D2013-11-20Other Executive10k
CONDON PHILIP GPurchase at price 11.87 per share.D2013-11-18Other Executive9.93k
CONDON PHILIP GPurchase at price 11.89 per share.D2013-11-12Divisional Officer10.78k
CONDON PHILIP GPurchase at price 11.93 - 11.95 per share.D2013-11-11Divisional Officer10k
CONDON PHILIP GPurchase at price 11.89 per share.D2013-11-08Divisional Officer4k
CONDON PHILIP GPurchase at price 12.03 per share.D2013-11-06Other Executive4k
CONDON PHILIP GPurchase at price 12.00 per share.D2013-11-05Other Executive7k
CONDON PHILIP GPurchase at price 12.01 per share.D2013-11-04Other Executive6k
CONDON PHILIP GPurchase at price 12.03 per share.D2013-11-01Other Executive6k
CONDON PHILIP GPurchase at price 12.17 per share.D2013-10-31Other Executive2k
FREEMAN PAUL KPurchase at price 12.05 per share.D2013-10-21Director2.5k
FREEMAN PAUL KPurchase at price 12.05 per share.D2013-10-21Director2.5k
WADSWORTH ROBERT HPurchase at price 11.91 per share.D2013-09-06Director1k
CONDON PHILIP GPurchase at price 11.79 per share.D2013-08-20Other Executive9.87k
CONDON PHILIP GPurchase at price 11.58 per share.D2013-08-19Other Executive1.5k
CONDON PHILIP GPurchase at price 11.58 per share.D2013-08-16Other Executive3k
CONDON PHILIP GPurchase at price 11.93 per share.D2013-08-12Other Executive10k
CONDON PHILIP GPurchase at price 11.88 per share.D2013-08-09Other Executive2.3k
CONDON PHILIP GPurchase at price 11.94 per share.D2013-08-08Other Executive7.04k
CONDON PHILIP GPurchase at price 12.04 per share.D2013-08-02Other Executive2k
CONDON PHILIP GPurchase at price 11.99 per share.D2013-08-01Other Executive500
CONDON PHILIP GPurchase at price 12.11 per share.D2013-07-31Other Executive1k
DRISCOLL DAWN MARIEPurchase at price 15.20 per share.D2012-11-26Director330
CONDON PHILIP GSale at price 13.29 per share.D2011-11-23Officer10k
FROEWISS KENNETH CPurchase at price 11.84 per share.D2011-03-14Director100
FOX KEITH RPurchase at price 11.03 - 11.04 per share.D2011-01-25Director1k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to DWS Municipal Income Trust. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on DWS Municipal Income Trust

Here is the result of two systematic investment strategies applied to DWS Municipal Income Trust. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on DWS Municipal Income Trust

The following chart shows the equity curve of the two systematic investment strategies applied to DWS Municipal Income Trust:

DWS Municipal Income Trust automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 7.68% on the backtest period.

Performance at glance

Performance

7.68 %

Latent gain

172.8 $

Invested capital

2251.02 $

Annualized return

1.86 %
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Momentum strategy results on DWS Municipal Income Trust

This is the result of two momentum investment strategies applied to DWS Municipal Income Trust. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on DWS Municipal Income Trust

The following chart shows all the entries opened by the momentum investment system on DWS Municipal Income Trust:

DWS Municipal Income Trust momentum entries
  • The first momentum investment strategy would give 9.91% of return on DWS Municipal Income Trust. That represents 445.84$ of latent gain with 4499.24$ of employed capital.
  • The second momentum investment strategy would give 10.11% of return on DWS Municipal Income Trust. That represents 404.98$ of latent gain with 4004.18$ of employed capital.
Performance at glance (1Q Momentum)

Performance

9.91 %

Latent gain

445.84 $

Invested capital

4499.24 $

Annualized return

4.22 %
Performance at glance (2Q Momentum)

Performance

10.11 %

Latent gain

404.98 $

Invested capital

4004.18 $

Annualized return

2.76 %

Momentum equity curve on DWS Municipal Income Trust

The following chart shows the equity curve of the two momentum strategies applied to DWS Municipal Income Trust:

DWS Municipal Income Trust momentum equity

Note: the dividends potentially given by DWS Municipal Income Trust are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on DWS Municipal Income Trust

The following chart shows the employed capital evolution of the two momentum strategies on DWS Municipal Income Trust since the beginning:

DWS Municipal Income Trust

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on DWS Municipal Income Trust

Buy the dip entry openings on DWS Municipal Income Trust

DWS Municipal Income Trust

The performance achieved by the robo-advisor on DWS Municipal Income Trust is 9.04%. That represents 44.44$ of latent gain with 491.48$ of employed capital. The following chart shows DWS Municipal Income Trust stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of DWS Municipal Income Trust, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

9.04 %

Latent gain

44.44 $

Invested capital

491.48 $

Annualized return

4.22 %

Equity curve of the strategy applied to DWS Municipal Income Trust

The following chart shows the result of the investment strategy applied to DWS Municipal Income Trust:

DWS Municipal Income Trust

Note: the dividends potentially given by DWS Municipal Income Trust are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on DWS Municipal Income Trust

The following chart shows the employed capital evolution since the beginning of the investment strategy on DWS Municipal Income Trust:

DWS Municipal Income Trust

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on DWS Municipal Income Trust

In this section, I will compare the three previous investment strategies applied to DWS Municipal Income Trust.

Equity curve comparison on DWS Municipal Income Trust

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

DWS Municipal Income Trust investment strategy comparison

Employed capital comparison on DWS Municipal Income Trust

DWS Municipal Income Trust investment comparison

Performance comparison on DWS Municipal Income Trust

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 7.68% 172.8$ 2251.02$ 1.86%
Momentum 1 quarter 9.91% 445.84$ 4499.24$ 2.54%
Momentum 2 quarters 10.11% 404.98$ 4004.18$ 2.76%
Non-directional 9.04% 44.44$ 491.48$ 4.22%
Annualized return comparison

Automatic investment

1.86 %

Momentum 1Q

2.76 %

Momentum 2Q

2.76 %

Non-directional

4.22 %

Correlated stocks

Here are the most positively and negatively correlated stocks with DWS Municipal Income Trust:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months


Note: The algorithm computes the probability of correlation between DWS Municipal Income Trust and the other stocks. There may be false positives or some missing correlated stocks. If the price of DWS Municipal Income Trust does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name DWS Municipal Income Trust
Country United States
City New York
Address 875 Third Avenue
Phone 212 454 4500
Website fundsus.deutscheam.com/EN/products/deutsche-municipal-income-trust.jsp?core-key=309
FullTime employees
Industry Asset Management
Sector Financial Services
Exchange XNYS
Ticker KTF
Market www.nyse.com

DWS Municipal Income Trust ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown