DWS MUN INCOME TR KTF
COM · Closed-End Fund · CUSIP 233368109
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $8.86.
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 82 |
| Q4 2022 | 80 |
| Q1 2023 | 80 |
| Q2 2023 | 81 |
| Q3 2023 | 87 |
| Q4 2023 | 79 |
| Q1 2024 | 78 |
| Q2 2024 | 77 |
| Q3 2024 | 70 |
| Q4 2024 | 76 |
| Q1 2025 | 75 |
| Q2 2025 | 68 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 37 | 35 |
| Q4 2023 | 36 | 37 |
| Q1 2024 | 32 | 34 |
| Q2 2024 | 36 | 41 |
| Q3 2024 | 23 | 37 |
| Q4 2024 | 32 | 32 |
| Q1 2025 | 28 | 30 |
| Q2 2025 | 29 | 32 |
Biggest buyers
| Karpus Management, Inc. | Added | +684.8k |
| SIT INVESTMENT ASSOCIATES INC | Added | +167.8k |
| WEDBUSH SECURITIES INC | New | +71.1k |
| Balyasny Asset Management L.P. | New | +56.9k |
| ROYAL BANK OF CANADA | Added | +48.4k |
| BANK OF AMERICA CORP /DE/ | Added | +43.7k |
| NorthCoast Asset Management LLC | Added | +42.0k |
| Dakota Wealth Management | Added | +38.1k |
| Integrated Wealth Concepts LLC | New | +29.0k |
| Rockefeller Capital Management L.P. | Added | +25.4k |
Biggest sellers
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Sold out | -412.4k |
| ENVESTNET ASSET MANAGEMENT INC | Sold out | -141.8k |
| PARK AVENUE SECURITIES LLC | Sold out | -126.9k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -113.8k |
| PNC Financial Services Group, Inc. | Reduced | -74.4k |
| Pathstone Holdings, LLC | Sold out | -54.1k |
| 1607 Capital Partners, LLC | Reduced | -52.3k |
| MacKay Shields LLC | Reduced | -43.2k |
| Orion Porfolio Solutions, LLC | Sold out | -40.6k |
| INTEGRATED CAPITAL MANAGEMENT, INC. | Sold out | -25.9k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| SIT INVESTMENT ASSOCIATES INC 13G · institution no change · filed 2026-10-01 | 22.9% |
| Karpus Management, Inc. 13G · institution -1.4 pts · filed 2026-08-14 | 7.0% |
Fell to 5% or below in the last year: JPMorgan Chase Bank, N.A. (0.0%, 2026-10-16)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC 1.78% of their portfolio | 9.4m $83.5m | Added +167.8k |
| Karpus Management, Inc. 0.87% of their portfolio | 3.1m $27.0m | Added +684.8k |
| 1607 Capital Partners, LLC 1.02% of their portfolio | 1.4m $12.6m | Reduced -52.3k |
| Hennion & Walsh Asset Management, Inc. 0.19% of their portfolio | 532.3k $4.7m | Reduced -24.2k |
| NorthCoast Asset Management LLC 0.01% of their portfolio | 333.6k $2.9m | Added +42.0k |
| Capital Investment Advisors, LLC 0.06% of their portfolio | 327.4k $3.2m | Reduced -10.6k |
| Bulldog Investors, LLP 0.64% of their portfolio | 286.9k $2.5m | Reduced -19.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 208.8k $1.8m | Added +43.7k |
| COHEN & STEERS, INC. 0.00% of their portfolio | 170.0k $1.5m | Unchanged |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 168.3k $1.5m | Added +2.4k |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 147.7k $1.3m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 144.4k $1.3m | Reduced -16.7k |
| MELFA WEALTH MANAGEMENT, INC. 0.75% of their portfolio | 134.6k $1.2m | Reduced -5.5k |
| MacKay Shields LLC 0.04% of their portfolio | 130.8k $1.2m | Reduced -43.2k |
| Dakota Wealth Management 0.02% of their portfolio | 114.1k $1.0m | Added +38.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 96.8k $856.0k | Added +48.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 89.5k $791.2k | Reduced -113.8k |
| Nuveen, LLC 0.00% of their portfolio | 79.0k $698.6k | Unchanged |
| HB Wealth Management, LLC 0.01% of their portfolio | 75.0k $662.6k | Unchanged |
| StoneX Group Inc. 0.03% of their portfolio | 74.2k $655.7k | Added +428 |
| UBS Group AG 0.00% of their portfolio | 72.4k $640.3k | Added +253 |
| LPL Financial LLC 0.00% of their portfolio | 71.8k $635.1k | Reduced -3.8k |
| WEDBUSH SECURITIES INC 0.02% of their portfolio | 71.1k $628.0k | New |
| U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio | 60.9k $538.0k | Unchanged |
| Advisory Services Network, LLC 0.01% of their portfolio | 59.4k $509.7k | Reduced -6.7k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 56.9k $502.9k | New |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 56.7k $501.3k | Added +25.4k |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 52.0k $459.7k | Added +9.9k |
| ROTHSCHILD INVESTMENT LLC 0.03% of their portfolio | 51.9k $458.9k | Reduced -5.0k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 51.5k $454.9k | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 47.2k $417.1k | Unchanged |
| Camelot Portfolios, LLC 0.21% of their portfolio | 39.3k $347.3k | Added +1.3k |
| GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 0.38% of their portfolio | 39.1k $345.6k | Reduced -4.6k |
| Wellspring Financial Advisors, LLC 0.03% of their portfolio | 34.1k $301.7k | Added +6.0k |
| MORGAN STANLEY 0.00% of their portfolio | 33.7k $297.6k | Added +6.8k |
| Equitable Holdings, Inc. 0.00% of their portfolio | 30.6k $270.2k | Added +617 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 29.0k $256.2k | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 28.1k $248.1k | Reduced -74.4k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 25.7k $227.0k | Added +2.7k |
| Summit Financial Wealth Advisors, LLC 0.04% of their portfolio | 25.4k $224.5k | Unchanged |
| Creative Planning 0.00% of their portfolio | 24.6k $217.5k | Added +253 |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 24.0k $212.2k | New |
| Invesco Ltd. 0.00% of their portfolio | 22.9k $202.3k | Reduced -2.1k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 21.4k $189.2k | Added +2.9k |
| Basepoint Wealth LLC 0.14% of their portfolio | 20.8k $184.2k | Unchanged |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 19.3k $171.0k | New |
| Plan A Wealth LLC 0.09% of their portfolio | 18.8k $165.8k | Unchanged |
| MAI Capital Management 0.00% of their portfolio | 15.5k $136.8k | Added +11 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 13.3k $117.3k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 12.6k $111.3k | Reduced -1.2k |
| CX Institutional 0.00% of their portfolio | 11.4k $101.0k | Unchanged |
| River Street Advisors LLC 0.04% of their portfolio | 10.9k $96.7k | New |
| Gridiron Partners, LLC 0.06% of their portfolio | 10.4k $92.3k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 10.3k $91.3k | Reduced -4.7k |
| GREAT VALLEY ADVISOR GROUP, INC. 0.00% of their portfolio | 10.0k $88.4k | Reduced -2.7k |
| US BANCORP \DE\ 0.00% of their portfolio | 8.3k $73.0k | Added +200 |
| Elequin Capital, LP 0.01% of their portfolio | 8.0k $70.5k | Added +1.9k |
| OPTIMUM INVESTMENT ADVISORS 0.02% of their portfolio | 6.0k $53.0k | Reduced -2.0k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 5.0k $44.2k | Reduced -8.4k |
| MOTCO 0.00% of their portfolio | 3.6k $30.9k | New |
| CoreCap Advisors, LLC 0.00% of their portfolio | 2.5k $22.1k | Unchanged |
| Indiana Trust & Investment Management Co 0.01% of their portfolio | 2.0k $17.9k | Reduced -22.0k |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio | 1.3k $11.6k | Unchanged |
| Cape Investment Advisory, Inc. 0.00% of their portfolio | 976 $8.6k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 528 $4.7k | Unchanged |
| Parallel Advisors, LLC 0.00% of their portfolio | 100 $884 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |
| Strategic Investment Solutions, Inc. /IL 0.00% of their portfolio | 0 $8.8k | New |