Vault-13

DWS MUN INCOME TR KTF

COM · Closed-End Fund · CUSIP 233368109

63 institutional holders -8 vs Q4 2025
18,430,43918.4m shares reported held*
$167.7mreported value*
6 new 19 added 21 reduced 14 sold out net sold ≈ $5.6m (-618.3k shares)

* 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 ≈ $9.10.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 82Q4 22: 80Q1 23: 80Q2 23: 81Q3 23: 87Q4 23: 79Q1 24: 78Q2 24: 77Q3 24: 70Q4 24: 76Q1 25: 75Q2 25: 68Q3 25: 65Q4 25: 71Q1 26: 6363Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202282
Q4 202280
Q1 202380
Q2 202381
Q3 202387
Q4 202379
Q1 202478
Q2 202477
Q3 202470
Q4 202476
Q1 202575
Q2 202568
Q3 202565
Q4 202571
Q1 202663

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q2 24: 36 bought or addedQ2 24: 41 cut or sold outQ3 24: 23 bought or addedQ3 24: 37 cut or sold outQ3 24Q4 24: 32 bought or addedQ4 24: 32 cut or sold outQ1 25: 28 bought or addedQ1 25: 30 cut or sold outQ1 25Q2 25: 29 bought or addedQ2 25: 32 cut or sold outQ3 25: 23 bought or addedQ3 25: 32 cut or sold outQ3 25Q4 25: 34 bought or addedQ4 25: 23 cut or sold outQ1 26: 25 bought or addedQ1 26: 35 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20243641
Q3 20242337
Q4 20243232
Q1 20252830
Q2 20252932
Q3 20252332
Q4 20253423
Q1 20262535

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +286,839+286.8k
Fiera Capital Corp New +111,851+111.9k
Summit Trail Advisors, LLC New +47,273+47.3k
Cambridge Investment Research Advisors, Inc. Added +31,951+32.0k
NewEdge Advisors, LLC Added +29,488+29.5k
Kestra Advisory Services, LLC Added +28,304+28.3k
VAN ECK ASSOCIATES CORP Added +25,612+25.6k
MORGAN STANLEY Added +22,971+23.0k
Concurrent Investment Advisors, LLC Added +18,500+18.5k
OSAIC HOLDINGS, INC. Added +10,585+10.6k

Biggest sellers

Karpus Management, Inc. Reduced -424,533-424.5k
LPL Financial LLC Reduced -324,341-324.3k
MacKay Shields LLC Sold out -92,505-92.5k
StoneX Group Inc. Sold out -74,170-74.2k
ROBINSON CAPITAL MANAGEMENT, LLC Sold out -48,933-48.9k
U.S. Capital Wealth Advisors, LLC Sold out -42,560-42.6k
RAYMOND JAMES FINANCIAL INC Reduced -38,358-38.4k
JANE STREET GROUP, LLC Sold out -36,352-36.4k
SEVEN MILE ADVISORY Sold out -36,209-36.2k
COHEN & STEERS, INC. Reduced -30,000-30.0k

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.

HolderStakeChangeShares Last filed
SIT INVESTMENT ASSOCIATES INC 13G · institution no change · filed 2026-10-01 22.9% no change 9.0m≈ $82.7m 2026-10-01
Karpus Management, Inc. 13G · institution -1.4 pts · filed 2026-08-14 7.0% -1.4 pts 2.8m≈ $25.4m 2026-08-14

Fell to 5% or below in the last year: JPMorgan Chase Bank, N.A. (0.0%, 2026-10-16)

Insider purchases and sales in Q1 2026

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 Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 1.83% of their portfolio Minneapolis, MN 9,893,3849.9m $90.0m $90.0m 1.83% Added +10.2k +10,207
2 Karpus Management, Inc. 0.93% of their portfolio Pittsford, NY 3,291,0163.3m $29.9m $29.9m 0.93% Reduced -424.5k -424,533
3 1607 Capital Partners, LLC 0.75% of their portfolio Richmond, VA 1,140,9431.1m $10.4m $10.4m 0.75% Unchanged
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 463,366463.4k $4.2m $4.2m 0.00% Added +286.8k +286,839
5 Hennion & Walsh Asset Management, Inc. 0.13% of their portfolio Parsippany, NJ 429,722429.7k $3.9m $3.9m 0.13% Reduced -1.5k -1,488
6 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 320,511320.5k $2.9m $2.9m 0.00% Reduced -6.3k -6,302
7 Capital Investment Advisors, LLC 0.04% of their portfolio ATLANTA, GA 271,935271.9k $2.5m $2.5m 0.04% Added +157 +157
8 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 254,797254.8k $2.3m $2.3m 0.00% Added +25.6k +25,612
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 228,736228.7k $2.1m $2.1m 0.00% Reduced -324.3k -324,341
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 137,058137.1k $1.2m $1.2m 0.00% Reduced -11.9k -11,938
11 MELFA WEALTH MANAGEMENT, INC. 0.68% of their portfolio WESTBOROUGH, MA 129,200129.2k $1.2m $1.2m 0.68% Unchanged
12 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 126,286126.3k $1.1m $1.1m 0.00% Unchanged
13 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 120,861120.9k $1.1m $1.1m 0.02% Reduced -1.8k -1,800
14 Fiera Capital Corp 0.00% of their portfolio MONTREAL, A8 111,851111.9k $1.0m $1.0m 0.00% New
15 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 97,96198.0k $891.4k $891.4k 0.00% Added +29.5k +29,488
16 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 90,00090.0k $819.0k $819.0k 0.00% Reduced -30.0k -30,000
17 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 79,02679.0k $719.1k $719.1k 0.00% Unchanged
18 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 77,24477.2k $703.0k $703.0k 0.02% Unchanged
19 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 70,95971.0k $646.0k $646.0k 0.00% Added +10.0k +9,965
20 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 68,00268.0k $618.8k $618.8k 0.00% Reduced -270 -270
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 60,50160.5k $550.6k $550.6k 0.00% Added +23.0k +22,971
22 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 57,30457.3k $521.0k $521.0k 0.00% Added +32.0k +31,951
23 UBS Group AG 0.00% of their portfolio ZURICH, V8 57,13857.1k $520.0k $520.0k 0.00% Reduced -2.6k -2,590
24 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 53,97954.0k $491.2k $491.2k 0.01% Reduced -5.4k -5,427
25 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 52,90052.9k $481.4k $481.4k 0.00% Added +2.8k +2,817
26 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 51,65051.6k $470.0k $470.0k 0.01% Added +18.5k +18,500
27 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 51,46251.5k $468.3k $468.3k 0.00% Reduced -1 -1
28 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 48,62848.6k $442.5k $442.5k 0.00% Reduced -38.4k -38,358
29 Summit Trail Advisors, LLC 0.01% of their portfolio NEW YORK, NY 47,27347.3k $430.2k $430.2k 0.01% New
30 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 45,68145.7k $415.7k $415.7k 0.00% Reduced -502 -502
31 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 36,43736.4k $331.6k $331.6k 0.00% Added +8.2k +8,187
32 Noble Wealth Management PBC 0.16% of their portfolio GREENWOOD VILLAGE, CO 33,52033.5k $305.0k $305.0k 0.16% Reduced -2.5k -2,500
33 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 32,18532.2k $292.9k $292.9k 0.00% Added +10.6k +10,585
34 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 31,07931.1k $282.8k $282.8k 0.00% Added +28.3k +28,304
35 Camelot Portfolios, LLC 0.21% of their portfolio Maumee, OH 30,03430.0k $273.3k $273.3k 0.21% Reduced -861 -861
36 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 28,06028.1k $255.3k $255.3k 0.00% Unchanged
37 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 27,46827.5k $250.0k $250.0k 0.00% Added +6.0k +6,026
38 Wellspring Financial Advisors, LLC 0.02% of their portfolio CLEVELAND, OH 26,72626.7k $243.2k $243.2k 0.02% Reduced -7.4k -7,400
39 GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 0.19% of their portfolio WASHINGTON, DC 23,65723.7k $215.3k $215.3k 0.19% Reduced -11.6k -11,597
40 ROTHSCHILD INVESTMENT LLC 0.01% of their portfolio CHICAGO, IL 23,31723.3k $212.2k $212.2k 0.01% Unchanged
41 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 22,85722.9k $208.0k $208.0k 0.00% Added +537 +537
42 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 22,77122.8k $207.2k $207.2k 0.00% Reduced -349 -349
43 Summit Financial Wealth Advisors, LLC 0.03% of their portfolio Lafayette, LA 22,50022.5k $204.8k $204.8k 0.03% Reduced -2.9k -2,900
44 Basepoint Wealth LLC 0.11% of their portfolio CEDAR RAPIDS, IA 21,16821.2k $192.6k $192.6k 0.11% Added +500 +500
45 Plan A Wealth LLC 0.08% of their portfolio LINCOLN, NE 17,25317.3k $157.0k $157.0k 0.08% Unchanged
46 Savvy Advisors, Inc. 0.00% of their portfolio NEW YORK, NY 16,67616.7k $151.8k $151.8k 0.00% Unchanged
47 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 16,34916.3k $148.8k $148.8k 0.00% Added +4.3k +4,259
48 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 15,51015.5k $141.1k $141.1k 0.00% Added +13 +13
49 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 13,26113.3k $119.5k $119.5k 0.00% Unchanged
50 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,58612.6k $114.5k $114.5k 0.00% Unchanged
51 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 8,0538.1k $73.3k $73.3k 0.00% Unchanged
52 Hamrick Investment Counsel, llc 0.03% of their portfolio SEATTLE, WA 5,0005.0k $45.5k $45.5k 0.03% New
53 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 4,9995.0k $45.5k $45.5k 0.00% Reduced -766 -766
54 Indiana Trust & Investment Management Co 0.01% of their portfolio MISHAWAKA, IN 2,0282.0k $18.5k $18.5k 0.01% Unchanged
55 Penserra Capital Management LLC 0.00% of their portfolio ORINDA, CA 1,6621.7k $15.0k $15.0k 0.00% New
56 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 1,4431.4k $13.1k $13.1k 0.00% Reduced -20.0k -19,966
57 HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio SHERMAN OAKS, CA 1,3901.4k $12.6k $12.6k 0.00% Unchanged
58 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 1,3341.3k $12.1k $12.1k 0.00% New
59 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 799799 $7.2k $7.2k 0.00% Added +19 +19
60 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 528528 $4.8k $4.8k 0.00% Unchanged
61 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 165165 $1.5k $1.5k 0.00% Unchanged
62 Creative Capital Management Investments LLC 0.00% of their portfolio SAN DIEGO, CA 150150 $1.4k $1.4k 0.00% New
63 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 100100 $910 $910 0.00% Unchanged