DWS Municipal Income Trust · NYSE:KTF
DWS Municipal Income Trust — DWS — Investor Presentation (January 2021)
17 slides from DWS Municipal Income Trust's investor presentation, January 2021
Slide 1: CROCI Islamic Global Strategy
CROCI ISLAMIC GLOBAL STRATEGY January 2021 Marketing Material. EMEA: For Professional Clients (MiFID Directive 2014/65/EU Annex II) only. No distribution to private/retail investors. For Professional Investors only. For institutional investors only. For business customers, not for retail distributio
Slide 2: Construction & Performance
01 CROCI ISLAMIC GLOBAL STRATEGY Construction & Performance
Slide 3: Selection Methodology
CROCI ISLAMIC GLOBAL STRATEGY Selection Methodology Large Cap. Sharia-Compliant Selection Pool(1) (Dow Jones Islamic Market World Developed Large-Cap Index TM) Rank stocks by Trailing 12M Economic P/E Select 60 stocks (30/20/10) stocks from US/Europe/Japan by Low CROCI Economic P/E (2) Within each r
Slide 4: Selection Methodology Details
CROCI ISLAMIC GLOBAL STRATEGY Selection Methodology Details SELECTION POOL(1) ˗ Dow Jones Islamic Market World Developed Large-Cap IndexTM ˗ Using a Shari’a compliant selection pool ensures that all companies in the CROCI Islamic Global Strategy are also Shari’a compliant STOCK ALLOCATION ˗ US: 30 e
Slide 5: Historical Performance in USD, May 2005 – Dec. 2020
CROCI ISLAMIC GLOBAL STRATEGY (USD) TR Historical Performance in USD, 11 May 2005 – 31 Dec. 2020(1) STRATEGY PERFORMANCE RELATIVE PERF. VS. DJIM WORLD DEV. USD TR 500 1400 Levels Ratio (base 1000) 450 1200 400 350 1000 300 800 The relative performance line plots the return of the Level CROCI Strateg
Slide 6: Annual Returns, May 2005 – Dec. 2020
CROCI ISLAMIC GLOBAL STRATEGY (USD) TR ANNUAL RETURNS, 11 MAY 2005 – 31 DEC. 2020(1) In USD 32.1% 31.6% 30.8% 43.4% 27.6% 26.9% 25.6% 25.4% 25.2% 24.4% 17.6% 15.9% 13.8% 13.1% 12.8% 12.7% 11.6% 9.7% 9.6% 6.6% 5.5% 4.9% Annual Returns 0.1% -1.3% -3.2% -4.5% -6.0% -6.2% Strategy Inde
Slide 7: Return Comparisons in USD as of Dec. 2020
CROCI ISLAMIC GLOBAL STRATEGY (USD) TR RETURN COMPARISONS IN USD AS OF 31 DEC. 2020(1) Annualised 1M 3M 6M YTD 1Y 3Y 5Y 7Y 10Y CROCI Islamic Global Strategy (USD) TR 2.5% 9.7% 15.7% 11.6% 11.6% 11.7% 13.9% 9.5% 10.4% DJIM World Developed (USD) TR 4.3% 12.0% 23.2% 26.9% 26.9% 16.2% 15.7% 12.0% 11.6%
Slide 8: Historical Sector Weights, May 2005 – Dec. 2020
CROCI ISLAMIC GLOBAL STRATEGY (USD) TR HISTORICAL SECTOR WEIGHTS, 11 MAY 2005 – 31 DEC. 2020(1) 100% MT 90% IT 80% 70% IN 60% Sector Allocation 50% 40% HC Strategy Index 30% CS 20% EN 10% CD CS 0% May-05 May-06 May-07 May-08 May-09 May-10 May-11 May-12 May-13 May-14 May-15 May-
Slide 9: The People Behind the CROCI Way
02 THE PEOPLE BEHIND THE CROCI WAY The Team
Slide 10: CROCI – From Concept to Investment Solution
CROCI – FROM CONCEPT TO INVESTMENT SOLUTION Head of CROCI Francesco Curto (1998) CROCI Company Analysis CROCI Investment Strategies Virginie Galas (1995) Dirk Schlueter (2012) CROCI Trading & Bharat Shah (2002) Mital Parekh (2002) Website Execution Mukarram Ali (2002) Vikash Sonika (2006) Yogendar K
Slide 11: Senior Team Members
CROCI SENIOR TEAM MEMBERS Francesco Curto, PhD, Head of CROCI ■ Managing Director, is Head of the CROCI® Investment Strategy and Valuation Group at DB. He joined Deutsche Bank in September 1998. In his time at DB, he has been Senior European Strategist, Senior Global Strategist and has been involved
Slide 12: Glossary
CROCI GLOSSARY Calculated as (EV/NCI) / CROCI, Economic P/E is a measure of valuation, calculated according to the CROCI methodology, that seeks to allow a fair CROCI Economic P/E comparison of the market valuation of companies regardless of industry or sector Used as the economic version of an asse
Slide 13: CROCI and the Real Investor
CROCI AND THE REAL INVESTOR Real Investor Definition: An investor whose investments are driven principally by the careful analysis of company fundamentals, including their economic cash returns and their economic valuation. Specifically, a Real Investor has two characteristics: 1. Fundamental: any i
Slide 14: Key Risks
CROCI STRATEGIES & INDICES Key Risks _ Any products linked to a CROCI Strategy or Index may not be capital protected and investor capital may be at risk up to a total loss. Prospective investors should be aware investments linked to the Strategies or Indices may go up or down in value. _ Past perfor
Slide 15: Appendix: Selection buffers
APPENDIX Selection buffers _ What is a "selection buffer“? _ By way of example, consider a portfolio consisting of the 40 stocks with lowest Economic P/E, and a 5-stock selection buffer _ Without the buffer, a stock moving from rank 40 to rank 41 would be replaced in the portfolio _ With the buffer,
Slide 16: Disclaimers
DISCLAIMERS Important Information: DWS is the brand name of DWS Group GmbH & Co. KGaA and its subsidiaries under which they operate their business activities. The respective legal entities offering products or services under the DWS brand are specified in the respective contracts, sales materials an
Slide 17: Disclaimers
DISCLAIMERS Issued in the UK by DWS Investments UK Limited which is authorised and regulated by the Financial Conduct Authority (Reference number 429806). © 2021 DWS Investments UK Limited In Hong Kong, this document is issued by DWS Investments Hong Kong Limited and the content of this document has