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DWS Global High Income Fund
mutual fund
SGHRX
Payout Change
Pending
Price as of:
$6.24
+0.0
+0.0%
primary theme
High Yield Bond
share class
SGHRX (Mutual Fund)
DWS Global High Income Fund
Payout Change
Pending
Price as of:
$6.24
+0.0
+0.0%
primary theme
High Yield Bond
share class
SGHRX (Mutual Fund)
DWS Global High Income Fund
Payout Change
Pending
Price as of:
$6.24
+0.0
+0.0%
primary theme
High Yield Bond
share class
Name
As of 12/11/2024Price
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
Vitals
YTD Return
8.8%
1 yr return
10.8%
3 Yr Avg Return
3.5%
5 Yr Avg Return
3.9%
Net Assets
$324 M
Holdings in Top 10
12.8%
52 WEEK LOW AND HIGH
$6.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 69.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
SGHRX - Profile
Distributions
- YTD Total Return 8.8%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 3.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.48%
- Dividend Yield 6.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDWS Global High Income Fund
-
Fund Family NameDWS Funds
-
Inception DateNov 01, 2016
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGary 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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SGHRX - Performance
Return Ranking - Trailing
| Period | SGHRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.8% | -7.5% | 17.7% | 46.14% |
| 1 Yr | 10.8% | -4.7% | 18.4% | 44.99% |
| 3 Yr | 3.5%* | -14.4% | 21.6% | 31.50% |
| 5 Yr | 3.9%* | -11.4% | 37.2% | 42.70% |
| 10 Yr | N/A* | -4.7% | 20.4% | 19.11% |
* Annualized
Return Ranking - Calendar
| Period | SGHRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.1% | -4.7% | 14.3% | 24.10% |
| 2022 | -16.4% | -33.4% | 3.6% | 66.89% |
| 2021 | -1.0% | -8.4% | 8.2% | 82.30% |
| 2020 | 0.6% | -13.2% | 302.7% | 36.11% |
| 2019 | 9.9% | -4.4% | 13.3% | 8.01% |
Total Return Ranking - Trailing
| Period | SGHRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.8% | -7.5% | 17.7% | 46.14% |
| 1 Yr | 10.8% | -4.7% | 18.4% | 44.99% |
| 3 Yr | 3.5%* | -14.4% | 21.6% | 31.50% |
| 5 Yr | 3.9%* | -11.4% | 37.2% | 42.70% |
| 10 Yr | N/A* | -4.7% | 20.4% | 17.86% |
* Annualized
Total Return Ranking - Calendar
| Period | SGHRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.5% | -4.7% | 18.7% | 15.90% |
| 2022 | -9.7% | -33.4% | 47.8% | 32.95% |
| 2021 | 4.2% | -8.4% | 12.4% | 69.42% |
| 2020 | 6.2% | -9.6% | 325.6% | 33.27% |
| 2019 | 15.3% | -3.8% | 19.4% | 18.21% |
NAV & Total Return History
SGHRX - Holdings
Concentration Analysis
| SGHRX | Category Low | Category High | SGHRX % Rank | |
|---|---|---|---|---|
| Net Assets | 324 M | 3.13 M | 25.3 B | 65.69% |
| Number of Holdings | 378 | 2 | 4432 | 44.66% |
| Net Assets in Top 10 | 40.8 M | -492 M | 6.67 B | 70.77% |
| Weighting of Top 10 | 12.85% | 4.2% | 146.0% | 56.32% |
Top 10 Holdings
- DWS Government Agency Securities Portfolio DWS Government Cash Institutional Shares 3.99%
- DWS Central Cash Management Government Fund 1.43%
- Vodafone Group PLC 1.20%
- CCO Holdings LLC / CCO Holdings Capital Corp 0.99%
- Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC 0.98%
- Hudbay Minerals Inc 0.98%
- Raptor Acquisition Corp / Raptor Co-Issuer LLC 0.86%
- 1011778 BC ULC / New Red Finance Inc 0.82%
- SPDR Bloomberg High Yield Bond ETF 0.81%
- Olin Corp 0.80%
Asset Allocation
| Weighting | Return Low | Return High | SGHRX % Rank | |
|---|---|---|---|---|
| Bonds | 95.58% | 0.00% | 145.36% | 46.08% |
| Cash | 5.92% | -52.00% | 48.02% | 23.65% |
| Stocks | 1.23% | 0.00% | 97.54% | 30.56% |
| Convertible Bonds | 0.71% | 0.00% | 17.89% | 65.19% |
| Other | 0.04% | -39.08% | 99.23% | 38.75% |
| Preferred Stocks | 0.00% | 0.00% | 4.97% | 58.29% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SGHRX % 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 | SGHRX % Rank | |
|---|---|---|---|---|
| US | 1.23% | 0.00% | 97.54% | 28.90% |
| Non US | 0.00% | -0.01% | 0.83% | 43.02% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SGHRX % Rank | |
|---|---|---|---|---|
| Corporate | 96.85% | 0.00% | 100.00% | 30.92% |
| Cash & Equivalents | 5.92% | 0.00% | 48.02% | 22.00% |
| Derivative | 0.04% | -14.58% | 42.26% | 22.00% |
| Securitized | 0.00% | 0.00% | 97.24% | 62.01% |
| Municipal | 0.00% | 0.00% | 1.17% | 32.89% |
| Government | 0.00% | 0.00% | 99.07% | 52.96% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SGHRX % Rank | |
|---|---|---|---|---|
| US | 78.02% | 0.00% | 126.57% | 86.37% |
| Non US | 17.56% | 0.00% | 96.91% | 8.37% |
SGHRX - Expenses
Operational Fees
| SGHRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.63% | 0.02% | 38.33% | 81.97% |
| Management Fee | 0.40% | 0.00% | 1.75% | 13.09% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.10% | 0.00% | 0.50% | 42.16% |
Sales Fees
| SGHRX 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
| SGHRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 20.31% |
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.
| SGHRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 69.00% | 1.00% | 255.00% | 63.55% |
SGHRX - Distributions
Dividend Yield Analysis
| SGHRX | Category Low | Category High | SGHRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.95% | 0.00% | 11.76% | 45.19% |
Dividend Distribution Analysis
| SGHRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| SGHRX | Category Low | Category High | SGHRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.48% | -2.39% | 9.30% | 44.15% |
Capital Gain Distribution Analysis
| SGHRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.031 | OrdinaryDividend |
| Oct 31, 2024 | $0.033 | OrdinaryDividend |
| Sep 30, 2024 | $0.033 | OrdinaryDividend |
| Aug 30, 2024 | $0.031 | OrdinaryDividend |
| Jul 31, 2024 | $0.032 | OrdinaryDividend |
| Apr 30, 2024 | $0.032 | OrdinaryDividend |
| Mar 28, 2024 | $0.031 | OrdinaryDividend |
| Feb 29, 2024 | $0.031 | OrdinaryDividend |
| Jan 31, 2024 | $0.031 | OrdinaryDividend |
| Dec 29, 2023 | $0.031 | OrdinaryDividend |
| Nov 30, 2023 | $0.032 | OrdinaryDividend |
| Oct 31, 2023 | $0.031 | OrdinaryDividend |
| Sep 29, 2023 | $0.031 | OrdinaryDividend |
| Aug 31, 2023 | $0.031 | OrdinaryDividend |
| Jul 31, 2023 | $0.031 | OrdinaryDividend |
| Jun 30, 2023 | $0.030 | OrdinaryDividend |
| May 31, 2023 | $0.029 | OrdinaryDividend |
| Apr 28, 2023 | $0.030 | OrdinaryDividend |
| Mar 31, 2023 | $0.030 | OrdinaryDividend |
| Feb 28, 2023 | $0.029 | OrdinaryDividend |
| Jan 31, 2023 | $0.028 | OrdinaryDividend |
| Dec 30, 2022 | $0.035 | OrdinaryDividend |
| Dec 08, 2022 | $0.124 | CapitalGainShortTerm |
| Nov 30, 2022 | $0.028 | OrdinaryDividend |
| Oct 31, 2022 | $0.027 | OrdinaryDividend |
| Sep 30, 2022 | $0.026 | OrdinaryDividend |
| Aug 31, 2022 | $0.026 | OrdinaryDividend |
| Jul 29, 2022 | $0.025 | OrdinaryDividend |
| Jun 30, 2022 | $0.026 | OrdinaryDividend |
| May 24, 2022 | $0.025 | OrdinaryDividend |
| Apr 25, 2022 | $0.025 | OrdinaryDividend |
| Mar 31, 2022 | $0.026 | OrdinaryDividend |
| Feb 28, 2022 | $0.026 | OrdinaryDividend |
| Jan 31, 2022 | $0.026 | OrdinaryDividend |
| Dec 31, 2021 | $0.026 | OrdinaryDividend |
| Dec 08, 2021 | $0.027 | CapitalGainShortTerm |
| Dec 08, 2021 | $0.002 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.026 | OrdinaryDividend |
| Oct 29, 2021 | $0.026 | OrdinaryDividend |
| Sep 30, 2021 | $0.026 | OrdinaryDividend |
| Aug 31, 2021 | $0.025 | OrdinaryDividend |
| Jun 30, 2021 | $0.027 | OrdinaryDividend |
| May 28, 2021 | $0.026 | OrdinaryDividend |
| Apr 30, 2021 | $0.027 | OrdinaryDividend |
| Mar 31, 2021 | $0.026 | OrdinaryDividend |
| Feb 26, 2021 | $0.028 | OrdinaryDividend |
| Jan 29, 2021 | $0.027 | OrdinaryDividend |
| Dec 31, 2020 | $0.036 | OrdinaryDividend |
| Nov 23, 2020 | $0.025 | OrdinaryDividend |
| Oct 26, 2020 | $0.002 | ReturnOfCapital |
| Oct 26, 2020 | $0.026 | OrdinaryDividend |
| Sep 24, 2020 | $0.002 | ReturnOfCapital |
| Sep 24, 2020 | $0.025 | OrdinaryDividend |
| Aug 25, 2020 | $0.002 | ReturnOfCapital |
| Aug 25, 2020 | $0.023 | OrdinaryDividend |
| Jul 27, 2020 | $0.002 | ReturnOfCapital |
| Jul 27, 2020 | $0.026 | OrdinaryDividend |
| Jun 24, 2020 | $0.002 | ReturnOfCapital |
| Jun 24, 2020 | $0.025 | OrdinaryDividend |
| May 22, 2020 | $0.002 | ReturnOfCapital |
| May 22, 2020 | $0.023 | OrdinaryDividend |
| Apr 24, 2020 | $0.002 | ReturnOfCapital |
| Apr 24, 2020 | $0.027 | OrdinaryDividend |
| Mar 25, 2020 | $0.002 | ReturnOfCapital |
| Mar 25, 2020 | $0.025 | OrdinaryDividend |
| Feb 24, 2020 | $0.002 | ReturnOfCapital |
| Feb 24, 2020 | $0.024 | OrdinaryDividend |
| Jan 27, 2020 | $0.002 | ReturnOfCapital |
| Jan 27, 2020 | $0.021 | OrdinaryDividend |
| Dec 31, 2019 | $0.033 | OrdinaryDividend |
| Dec 09, 2019 | $0.021 | CapitalGainShortTerm |
| Nov 22, 2019 | $0.025 | OrdinaryDividend |
| Oct 25, 2019 | $0.030 | OrdinaryDividend |
| Sep 24, 2019 | $0.027 | OrdinaryDividend |
| Aug 26, 2019 | $0.029 | OrdinaryDividend |
| Jul 25, 2019 | $0.028 | OrdinaryDividend |
| Dec 10, 2018 | $0.001 | ExtraDividend |
| Dec 10, 2018 | $0.065 | CapitalGainShortTerm |
SGHRX - 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 | 7.31 | 8.17 |
