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Trending ETFs

Name

As of 06/17/2024

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

$8.31

$1.03 B

4.47%

$0.37

0.87%

Vitals

YTD Return

2.2%

1 yr return

6.2%

3 Yr Avg Return

0.9%

5 Yr Avg Return

1.9%

Net Assets

$1.03 B

Holdings in Top 10

10.7%

52 WEEK LOW AND HIGH

$8.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.87%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover 62.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

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

$8.31

$1.03 B

4.47%

$0.37

0.87%

PPIAX - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.64%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DWS Short Duration Fund
  • Fund Family Name
    DWS Funds
  • Inception Date
    Dec 02, 2002
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Rick Smith

Fund Description

Main investments. Under normal market conditions, the fund invests at least 65% of its total assets in fixed income securities rated, at the time of purchase, within the top four credit rating categories by a nationally recognized statistical rating organization (a “NRSRO”) (or, if unrated, determined by the fund's investment advisor to be of similar quality). The fund may invest in securities of varying maturities. The fund normally seeks to maintain an average portfolio duration (a measure of sensitivity to interest rate movements) of no longer than three years by investing in fixed income securities with short-to intermediate-term maturities.The fund may also invest up to 10% of its assets in below investment-grade fixed income securities (“junk bonds”) of domestic and foreign issuers which are rated in the fifth and sixth highest credit rating categories by the three major NRSROs (Moody’s Investor Services, Inc., Fitch Investors Services, Inc., and Standard and Poor’s Ratings Group) or, if unrated, determined by the fund's investment advisor to be of similar quality, including those whose issuers are located in countries with new or emerging securities markets. Compared to investment-grade debt securities, junk bonds generally pay higher yields, have higher volatility and higher risk of default on payments of interest or principal.Fixed income securities in which the fund may invest include US government securities or obligations that are issued or guaranteed by the US Treasury or by agencies or instrumentalities of the US government; obligations backed by such US government securities; US dollar-denominated fixed income securities of domestic or foreign corporations, including adjustable rate loans that have a senior right to payment (“senior loans”) and other floating rate debt instruments; US dollar-denominated fixed income securities of foreign governments or supranational entities; US dollar-denominated asset-backed securities issued by domestic or foreign entities; non-US dollar-denominated fixed income securities of foreign corporations, foreign governments or supranational entities; mortgage pass-through securities issued by governmental and non-governmental issuers; collateralized mortgage obligations, real estate mortgage investment conduits and commercial mortgage-backed securities; collateralized loan obligations; short-term investments, including money market mutual funds. Portfolio management seeks diversified exposure to higher yielding mortgage, corporate and asset-backed sectors of the investment-grade fixed income markets. Senior loans may have longer trade settlement periods than other types of investments.The fund invests in short-term investments to meet shareholder withdrawals and other liquidity needs. Short-term investments will be rated at the time of purchase within one of the top two short-term rating categories by a NRSRO or, if unrated, determined by the fund’s investment advisor to be of similar quality.The fund may also invest in Rule 144A securities, securities or instruments on a when-issued, delayed delivery or forward commitment basis (e.g., TBA securities), repurchase agreements, reverse repurchase agreements and dollar rolls. Transactions involving securities or instruments on a when-issued, delayed delivery or forward commitment basis (e.g., TBA securities) that have settlement dates greater than 35 days and transactions in reverse repurchase agreements are treated as derivatives by the fund and are subject to the fund's policies and procedures with respect to derivatives. Transactions with settlement dates greater than 35 days generally are used for non-hedging purposes to seek to enhance potential gains.Management process. Portfolio management uses a top-down and bottom-up approach, first focusing on sector allocations, then using relative value analysis to select the best securities within each sector. When selecting securities, portfolio management analyzes such factors as credit quality, interest rate sensitivity and spread relationships between individual bonds. Portfolio management may also consider environmental, social and governance (ESG) factors that it believes to be financially material.Derivatives. Portfolio management generally may use futures contracts, which are a type of derivative (financial instruments whose performance is derived, at least in part, from the performance of an underlying asset, security or index), for duration management (i.e., reducing or increasing the sensitivity of the fund's portfolio to interest rate changes) or for non-hedging purposes to seek to enhance potential gains. In addition, portfolio management generally may use forward currency contracts to hedge the fund's exposure to changes in foreign currency exchange rates on its foreign currency denominated portfolio holdings, to facilitate transactions in foreign currency denominated securities or for non-hedging purposes to seek to enhance potential gains. Portfolio management generally may also 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.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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PPIAX - Performance

Return Ranking - Trailing

Period PPIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -85.4% 12.9% 22.39%
1 Yr 6.2% -84.9% 23.7% 22.99%
3 Yr 0.9%* -47.2% 4.4% 29.06%
5 Yr 1.9%* -31.1% 4.8% 21.93%
10 Yr 1.7%* -19.2% 169.9% 34.12%

* Annualized

Return Ranking - Calendar

Period PPIAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -1.6% 7.6% 43.26%
2022 -6.8% -17.7% -2.6% 39.81%
2021 -1.5% -4.0% 4.4% 36.81%
2020 2.0% -7.1% 7.6% 43.66%
2019 2.6% -2.3% 9.3% 24.74%

Total Return Ranking - Trailing

Period PPIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -85.4% 12.9% 22.39%
1 Yr 6.2% -84.9% 23.7% 22.99%
3 Yr 0.9%* -47.2% 4.4% 29.06%
5 Yr 1.9%* -31.1% 4.8% 21.93%
10 Yr 1.7%* -19.2% 169.9% 34.12%

* Annualized

Total Return Ranking - Calendar

Period PPIAX Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% 1.8% 15.2% 24.91%
2022 -4.2% -17.3% -1.3% 34.48%
2021 0.5% -2.7% 7.7% 31.10%
2020 4.6% -2.4% 14.5% 38.03%
2019 5.5% 0.6% 12.6% 24.74%

NAV & Total Return History


PPIAX - Holdings

Concentration Analysis

PPIAX Category Low Category High PPIAX % Rank
Net Assets 1.03 B 14.5 K 57.3 B 52.99%
Number of Holdings 565 2 9251 38.99%
Net Assets in Top 10 111 M 993 K 6.33 B 69.03%
Weighting of Top 10 10.74% 2.1% 103.0% 85.63%

Top 10 Holdings

  1. DWS Central Cash Management Government Fund 1.77%
  2. U.S. Treasury Notes 1.33%
  3. U.S. Treasury Notes 1.08%
  4. U.S. Treasury Notes 1.03%
  5. Uniform Mortgage-Backed Security, TBA 0.97%
  6. DWS Government Agency Securities Portfolio DWS Government Cash Institutional Shares 0.95%
  7. U.S. Treasury Notes 0.95%
  8. Uniform Mortgage-Backed Security, TBA 0.92%
  9. U.S. Treasury Notes 0.92%
  10. Ally Financial Inc 0.80%

Asset Allocation

Weighting Return Low Return High PPIAX % Rank
Bonds
88.29% 0.00% 131.18% 47.57%
Other
11.40% -0.97% 69.02% 43.66%
Convertible Bonds
3.32% 0.00% 27.71% 40.75%
Cash
2.87% -20.59% 55.85% 48.69%
Stocks
0.00% 0.00% 99.97% 22.39%
Preferred Stocks
0.00% 0.00% 22.27% 83.58%

Stock Sector Breakdown

Weighting Return Low Return High PPIAX % Rank
Utilities
0.00% 0.00% 81.48% 69.05%
Technology
0.00% 0.00% 24.45% 69.05%
Real Estate
0.00% 0.00% 8.31% 73.81%
Industrials
0.00% 0.00% 100.00% 75.00%
Healthcare
0.00% 0.00% 23.11% 69.05%
Financial Services
0.00% 0.00% 100.00% 82.14%
Energy
0.00% 0.00% 100.00% 45.24%
Communication Services
0.00% 0.00% 65.64% 2.38%
Consumer Defense
0.00% 0.00% 21.37% 67.86%
Consumer Cyclical
0.00% 0.00% 10.75% 69.05%
Basic Materials
0.00% 0.00% 22.71% 73.81%

Stock Geographic Breakdown

Weighting Return Low Return High PPIAX % Rank
US
0.00% 0.00% 99.97% 22.39%
Non US
0.00% 0.00% 0.01% 80.04%

Bond Sector Breakdown

Weighting Return Low Return High PPIAX % Rank
Corporate
48.47% 0.00% 100.00% 38.13%
Securitized
34.75% 0.00% 97.27% 31.21%
Government
11.69% 0.00% 73.63% 66.92%
Cash & Equivalents
2.87% 0.00% 55.85% 46.27%
Derivative
0.00% -0.33% 28.01% 30.22%
Municipal
0.00% 0.00% 17.46% 90.65%

Bond Geographic Breakdown

Weighting Return Low Return High PPIAX % Rank
US
88.29% 0.00% 130.36% 41.79%
Non US
0.00% 0.00% 82.77% 82.84%

PPIAX - Expenses

Operational Fees

PPIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.87% 0.01% 3.24% 32.96%
Management Fee 0.37% 0.00% 1.19% 67.54%
12b-1 Fee 0.24% 0.00% 1.00% 26.81%
Administrative Fee 0.10% 0.01% 0.41% 53.64%

Sales Fees

PPIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.50% 5.75% 73.68%
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

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

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.

PPIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 2.00% 500.00% 40.43%

PPIAX - Distributions

Dividend Yield Analysis

PPIAX Category Low Category High PPIAX % Rank
Dividend Yield 4.47% 0.00% 11.11% 27.61%

Dividend Distribution Analysis

PPIAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

PPIAX Category Low Category High PPIAX % Rank
Net Income Ratio 1.64% -1.27% 4.98% 22.14%

Capital Gain Distribution Analysis

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

Distributions History

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PPIAX - Fund Manager Analysis

Managers

Rick Smith


Start Date

Tenure

Tenure Rank

Feb 01, 2016

6.33

6.3%

RICK SMITH, CFA, MANAGING DIRECTOR and Portfolio Manager. Joined DWS Investment Management Americas, Inc. in 2004. Prior to joining, he served as a Fixed Income Investment Grade Portfolio Manager at MFS Investments. Previously, he worked as a Research Analyst at Salomon Brothers. Senior Portfolio Manager: New York. BA in Economics, Vassar College; MBA in Finance, Vanderbilt University.

Thomas Sweeney


Start Date

Tenure

Tenure Rank

Aug 01, 2017

4.83

4.8%

Thomas J. Sweeney, CFA, is Director and Portfolio Manager. Portfolio Manager / Structured Finance Sector Head: New York Joined Deutsche Asset Management in 2005 with 4 years of industry experience. Prior to his current role, he served as a structured trader. Previously, he worked in the Technology division. Before joining, he developed portfolio analytics systems at Merrill Lynch as a part of their Private Investors Technology Group. Hold a BS in Computer Science, Rutgers College.

Jeff Morton


Start Date

Tenure

Tenure Rank

Aug 01, 2017

4.83

4.8%

Jeff Morton, CFA, is Vice President and Portfolio Manager. Fixed Income Portfolio Manager: New York. Joined Deutsche Asset Management in 2011 with 13 years of industry experience. Prior to joining, he served as a Portfolio Manager at Fischer Francis Trees and Watts. Previously, he worked as a Vice President at Credit Suisse and at Blackrock. Hold a BS in Major Industrial Management and Economics, Carnegie Mellon University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.16 2.41