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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.09

$324 M

6.36%

$0.39

0.70%

Vitals

YTD Return

1.2%

1 yr return

11.3%

3 Yr Avg Return

2.0%

5 Yr Avg Return

3.7%

Net Assets

$324 M

Holdings in Top 10

19.7%

52 WEEK LOW AND HIGH

$6.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 69.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.09

$324 M

6.36%

$0.39

0.70%

MGHYX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.40%
DIVIDENDS
  • Dividend Yield 6.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DWS Global High Income Fund
  • Fund Family Name
    DWS Funds
  • Inception Date
    Mar 16, 1998
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gary Russell

Fund Description

Main investments. Under normal conditions, the fund invests at least 65% of total assets in domestic and foreign below investment grade debt securities (rated below the fourth highest credit rating category, junk bonds), including those whose issuers are located in countries with new or emerging securities markets. The fund will generally invest in at least three different countries and will normally invest at least 40% of net assets in securities of foreign issuers. The fund invests in securities of varying maturities and intends to maintain a dollar-weighted effective average portfolio maturity (the weighted average of the maturity dates of bonds held by the fund) that will not exceed ten years. Subject to its portfolio maturity policy, the fund may purchase individual securities with any stated maturity. Because the fund may invest in fixed income securities of varying maturities, the fund’s dollar-weighted average effective maturity will vary. As of December 31, 2023, the fund had a dollar-weighted average effective portfolio maturity of 4.29 years.The fund may invest in securities of any credit quality, and may include debt securities not paying interest currently and securities in default. The fund may invest up to 15% of total assets in credit default swaps to buy or sell protection on credit exposure, and up to 20% of net assets in common stocks, preferred shares and other equity securities. The fund may invest up to 35% of total assets in cash or money market instruments to maintain liquidity or in the event portfolio management determines that securities meeting the fund’s investment objectives are not readily available for purchase. The fund may also purchase convertible securities, securities on a when-issued basis and engage in short sales.Management process. Portfolio management focuses on cash flow and total return analysis, and broad diversification among countries, sectors, industries and individual issuers and maturities. Portfolio management uses an active process that emphasizes relative value, managing on a total return basis, and intensive research to identify stable to improving credit situations that may provide yield compensation for the risk of investing in junk bonds.Portfolio management utilizes primarily a bottom-up approach, where relative value and fundamental analysis are used to select securities within each industry, and a top-down approach to assess the overall risk and return in the market, including macroeconomic trends. Portfolio management also incorporates other considerations that it believes to be financially material, including environmental, social and governance (ESG) factors, independent credit research, management visits and conference calls, as part of its analysis and research process.Derivatives.The fund may invest in derivatives, which are financial instrumentswhose performance is derived, at least in part, from the performance of an underlying asset, security or index.In particular, portfolio management may use credit default swaps to seek to increase the fund’s income, to gain exposure to a bond issuer’s credit quality characteristics without directly investing in the bond, or to hedge the risk of default on bonds held in the fund’s portfolio. In addition, portfolio management may use forward currency contracts to hedge exposure to changes in foreign currency exchange rates on foreign currency denominated portfolio holdings or to facilitate transactions in foreign currency denominated securities.The fund may also use other types of derivatives (i) for hedging purposes; (ii) for risk management; (iii) for non-hedging purposes to seek to enhance potential gains; or (iv) as a substitute for direct investment in a particular asset class or to keep cash on hand to meet shareholder redemptions.Securities lending. The fund may lend securities (up to one-third of total assets) to approved institutions, such as registered broker-dealers, pooled investment vehicles, banks and other financial institutions. In connection with such loans, the fund receives liquid collateral in an amount that is based on the type and value of the securities being lent.
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MGHYX - Performance

Return Ranking - Trailing

Period MGHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -4.9% 8.2% 62.56%
1 Yr 11.3% -4.3% 26.0% 41.63%
3 Yr 2.0%* -15.6% 20.6% 39.54%
5 Yr 3.7%* -11.2% 37.3% 40.24%
10 Yr 4.0%* -4.7% 19.5% 18.82%

* Annualized

Return Ranking - Calendar

Period MGHYX Return Category Return Low Category Return High Rank in Category (%)
2023 6.3% -4.7% 14.3% 18.17%
2022 -16.4% -33.4% 3.6% 67.55%
2021 -1.0% -8.4% 14.9% 81.89%
2020 0.4% -13.9% 302.7% 39.66%
2019 9.8% -4.4% 13.3% 8.62%

Total Return Ranking - Trailing

Period MGHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -4.9% 8.2% 62.56%
1 Yr 11.3% -4.3% 26.0% 41.63%
3 Yr 2.0%* -15.6% 20.6% 39.54%
5 Yr 3.7%* -11.2% 37.3% 40.24%
10 Yr 4.0%* -4.7% 19.5% 18.82%

* Annualized

Total Return Ranking - Calendar

Period MGHYX Return Category Return Low Category Return High Rank in Category (%)
2023 13.6% -4.7% 18.7% 15.06%
2022 -9.8% -33.4% 47.8% 33.70%
2021 4.1% -8.4% 24.8% 69.33%
2020 6.0% -9.6% 325.6% 37.48%
2019 15.2% -3.8% 21.5% 19.14%

NAV & Total Return History


MGHYX - Holdings

Concentration Analysis

MGHYX Category Low Category High MGHYX % Rank
Net Assets 324 M 1.85 M 22.6 B 62.83%
Number of Holdings 366 2 2736 45.22%
Net Assets in Top 10 64.9 M -492 M 4.45 B 56.17%
Weighting of Top 10 19.67% 4.2% 149.6% 24.38%

Top 10 Holdings

  1. DWS Government Agency Securities Portfolio DWS Government Cash Institutional Shares 6.15%
  2. DWS Central Cash Management Government Fund 3.98%
  3. CCO Holdings LLC / CCO Holdings Capital Corp 1.54%
  4. iShares iBoxx $ High Yield Corporate Bond ETF 1.42%
  5. Telecom Italia Capital SA 1.21%
  6. Vodafone Group PLC 1.16%
  7. Virgin Media Secured Finance PLC 1.11%
  8. TK Elevator Midco GmbH 1.10%
  9. iShares Broad USD High Yield Corporate Bond ETF 1.01%
  10. Deutsche Lufthansa AG 1.00%

Asset Allocation

Weighting Return Low Return High MGHYX % Rank
Bonds
92.91% -3.13% 154.38% 68.97%
Cash
10.91% -52.00% 49.49% 8.95%
Stocks
3.54% 0.00% 99.61% 21.20%
Convertible Bonds
0.71% 0.00% 17.89% 65.28%
Other
0.04% -63.70% 102.57% 36.11%
Preferred Stocks
0.00% 0.00% 8.06% 43.06%

Stock Sector Breakdown

Weighting Return Low Return High MGHYX % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 33.17% N/A
Real Estate
0.00% 0.00% 86.71% N/A
Industrials
0.00% 0.00% 93.12% N/A
Healthcare
0.00% 0.00% 22.17% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 99.99% N/A
Consumer Defense
0.00% 0.00% 100.00% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High MGHYX % Rank
US
3.54% 0.00% 99.61% 21.30%
Non US
0.00% -0.01% 0.83% 21.45%

Bond Sector Breakdown

Weighting Return Low Return High MGHYX % Rank
Corporate
96.85% 0.00% 129.69% 30.14%
Cash & Equivalents
10.91% 0.00% 49.49% 8.49%
Derivative
0.04% -15.04% 42.26% 22.22%
Securitized
0.00% 0.00% 97.24% 49.61%
Municipal
0.00% 0.00% 4.66% 12.98%
Government
0.00% 0.00% 99.07% 37.87%

Bond Geographic Breakdown

Weighting Return Low Return High MGHYX % Rank
US
76.63% -3.13% 129.21% 86.73%
Non US
16.28% 0.00% 97.33% 8.49%

MGHYX - Expenses

Operational Fees

MGHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.04% 31.61% 75.46%
Management Fee 0.40% 0.00% 1.84% 12.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.00% 0.50% 41.15%

Sales Fees

MGHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MGHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 21.88%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MGHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 69.00% 1.00% 255.00% 62.14%

MGHYX - Distributions

Dividend Yield Analysis

MGHYX Category Low Category High MGHYX % Rank
Dividend Yield 6.36% 0.00% 35.52% 67.18%

Dividend Distribution Analysis

MGHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

MGHYX Category Low Category High MGHYX % Rank
Net Income Ratio 4.40% -2.39% 14.30% 50.71%

Capital Gain Distribution Analysis

MGHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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MGHYX - Fund Manager Analysis

Managers

Gary Russell


Start Date

Tenure

Tenure Rank

Aug 01, 2006

15.84

15.8%

Gary Russell, CFA, Managing Director and Portfolio Manager. · Joined Deutsche Asset & Wealth Management in 1996. Served as the head of the High Yield group in Europe and as an Emerging Markets portfolio manager. · Prior to that, four years at Citicorp as a research analyst and structurer of collateralized mortgage obligations. Prior to Citicorp, served as an officer in the US Army from 1988 to 1991. ·BS, United States Military Academy (West Point); MBA, New York University, Stern School of Business.

Thomas Bouchard


Start Date

Tenure

Tenure Rank

Feb 01, 2016

6.33

6.3%

THOMAS R. BOUCHARD, Director, vice president and Portfolio Manager, Joined Deutsche Asset Management in 2006 with 6 years of industry experience. Prior to joining, served as a High Yield Investment Analyst at Flagship Capital Management. He also served as an officer in the US Army from 1989 to 1997. BS, University of Wisconsin - Madison; MBA in Finance, Boston College; MA in Strategic Studies from US Army War College.

Lonnie Fox


Start Date

Tenure

Tenure Rank

Aug 09, 2018

3.81

3.8%

Lonnie Fox, Director. Portfolio Manager, joined DWS in 2004 with one year of industry experience. Prior to his current role, he worked as a high yield credit analyst. Prior to joining, he served as a business analyst at Deloitte Consulting. BS in Applied Economics and Management, Cornell University; MBA in Finance and Strategy, New York University, Stern School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17