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 ≈ $9.10.
Trends to Q1 2026
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 |
| Q3 2025 | 65 |
| Q4 2025 | 71 |
| Q1 2026 | 63 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 36 | 41 |
| Q3 2024 | 23 | 37 |
| Q4 2024 | 32 | 32 |
| Q1 2025 | 28 | 30 |
| Q2 2025 | 29 | 32 |
| Q3 2025 | 23 | 32 |
| Q4 2025 | 34 | 23 |
| Q1 2026 | 25 | 35 |
Biggest buyers
| BANK OF AMERICA CORP /DE/ | Added | +286.8k |
| Fiera Capital Corp | New | +111.9k |
| Summit Trail Advisors, LLC | New | +47.3k |
| Cambridge Investment Research Advisors, Inc. | Added | +32.0k |
| NewEdge Advisors, LLC | Added | +29.5k |
| Kestra Advisory Services, LLC | Added | +28.3k |
| VAN ECK ASSOCIATES CORP | Added | +25.6k |
| MORGAN STANLEY | Added | +23.0k |
| Concurrent Investment Advisors, LLC | Added | +18.5k |
| OSAIC HOLDINGS, INC. | Added | +10.6k |
Biggest sellers
| Karpus Management, Inc. | Reduced | -424.5k |
| LPL Financial LLC | Reduced | -324.3k |
| MacKay Shields LLC | Sold out | -92.5k |
| StoneX Group Inc. | Sold out | -74.2k |
| ROBINSON CAPITAL MANAGEMENT, LLC | Sold out | -48.9k |
| U.S. Capital Wealth Advisors, LLC | Sold out | -42.6k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -38.4k |
| JANE STREET GROUP, LLC | Sold out | -36.4k |
| SEVEN MILE ADVISORY | Sold out | -36.2k |
| COHEN & STEERS, INC. | Reduced | -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.
| 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 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
| Manager | Shares | Change |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC 1.83% of their portfolio | 9.9m $90.0m | Added +10.2k |
| Karpus Management, Inc. 0.93% of their portfolio | 3.3m $29.9m | Reduced -424.5k |
| 1607 Capital Partners, LLC 0.75% of their portfolio | 1.1m $10.4m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 463.4k $4.2m | Added +286.8k |
| Hennion & Walsh Asset Management, Inc. 0.13% of their portfolio | 429.7k $3.9m | Reduced -1.5k |
| Focus Partners Wealth 0.00% of their portfolio | 320.5k $2.9m | Reduced -6.3k |
| Capital Investment Advisors, LLC 0.04% of their portfolio | 271.9k $2.5m | Added +157 |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 254.8k $2.3m | Added +25.6k |
| LPL Financial LLC 0.00% of their portfolio | 228.7k $2.1m | Reduced -324.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 137.1k $1.2m | Reduced -11.9k |
| MELFA WEALTH MANAGEMENT, INC. 0.68% of their portfolio | 129.2k $1.2m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 126.3k $1.1m | Unchanged |
| Dakota Wealth Management 0.02% of their portfolio | 120.9k $1.1m | Reduced -1.8k |
| Fiera Capital Corp 0.00% of their portfolio | 111.9k $1.0m | New |
| NewEdge Advisors, LLC 0.00% of their portfolio | 98.0k $891.4k | Added +29.5k |
| COHEN & STEERS, INC. 0.00% of their portfolio | 90.0k $819.0k | Reduced -30.0k |
| Nuveen, LLC 0.00% of their portfolio | 79.0k $719.1k | Unchanged |
| WEDBUSH SECURITIES INC 0.02% of their portfolio | 77.2k $703.0k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 71.0k $646.0k | Added +10.0k |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 68.0k $618.8k | Reduced -270 |
| MORGAN STANLEY 0.00% of their portfolio | 60.5k $550.6k | Added +23.0k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 57.3k $521.0k | Added +32.0k |
| UBS Group AG 0.00% of their portfolio | 57.1k $520.0k | Reduced -2.6k |
| Advisory Services Network, LLC 0.01% of their portfolio | 54.0k $491.2k | Reduced -5.4k |
| &PARTNERS 0.00% of their portfolio | 52.9k $481.4k | Added +2.8k |
| Concurrent Investment Advisors, LLC 0.01% of their portfolio | 51.6k $470.0k | Added +18.5k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 51.5k $468.3k | Reduced -1 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 48.6k $442.5k | Reduced -38.4k |
| Summit Trail Advisors, LLC 0.01% of their portfolio | 47.3k $430.2k | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 45.7k $415.7k | Reduced -502 |
| Stratos Wealth Partners, LTD. 0.00% of their portfolio | 36.4k $331.6k | Added +8.2k |
| Noble Wealth Management PBC 0.16% of their portfolio | 33.5k $305.0k | Reduced -2.5k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 32.2k $292.9k | Added +10.6k |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 31.1k $282.8k | Added +28.3k |
| Camelot Portfolios, LLC 0.21% of their portfolio | 30.0k $273.3k | Reduced -861 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 28.1k $255.3k | Unchanged |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 27.5k $250.0k | Added +6.0k |
| Wellspring Financial Advisors, LLC 0.02% of their portfolio | 26.7k $243.2k | Reduced -7.4k |
| GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 0.19% of their portfolio | 23.7k $215.3k | Reduced -11.6k |
| ROTHSCHILD INVESTMENT LLC 0.01% of their portfolio | 23.3k $212.2k | Unchanged |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 22.9k $208.0k | Added +537 |
| Creative Planning 0.00% of their portfolio | 22.8k $207.2k | Reduced -349 |
| Summit Financial Wealth Advisors, LLC 0.03% of their portfolio | 22.5k $204.8k | Reduced -2.9k |
| Basepoint Wealth LLC 0.11% of their portfolio | 21.2k $192.6k | Added +500 |
| Plan A Wealth LLC 0.08% of their portfolio | 17.3k $157.0k | Unchanged |
| Savvy Advisors, Inc. 0.00% of their portfolio | 16.7k $151.8k | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 16.3k $148.8k | Added +4.3k |
| MAI Capital Management 0.00% of their portfolio | 15.5k $141.1k | Added +13 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 13.3k $119.5k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 12.6k $114.5k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 8.1k $73.3k | Unchanged |
| Hamrick Investment Counsel, llc 0.03% of their portfolio | 5.0k $45.5k | New |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 5.0k $45.5k | Reduced -766 |
| Indiana Trust & Investment Management Co 0.01% of their portfolio | 2.0k $18.5k | Unchanged |
| Penserra Capital Management LLC 0.00% of their portfolio | 1.7k $15.0k | New |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 1.4k $13.1k | Reduced -20.0k |
| HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio | 1.4k $12.6k | Unchanged |
| Cullen/Frost Bankers, Inc. 0.00% of their portfolio | 1.3k $12.1k | New |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 799 $7.2k | Added +19 |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 528 $4.8k | Unchanged |
| ASSETMARK, INC 0.00% of their portfolio | 165 $1.5k | Unchanged |
| Creative Capital Management Investments LLC 0.00% of their portfolio | 150 $1.4k | New |
| Parallel Advisors, LLC 0.00% of their portfolio | 100 $910 | Unchanged |