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DWS Emerging Markets Fixed Income Fund
mutual fund
SZEAX
Payout Change
Pending
Price as of:
$7.28
+0.0
+0.0%
primary theme
Emerging Markets Bond
share class
SZEAX (Mutual Fund)
DWS Emerging Markets Fixed Income Fund
Payout Change
Pending
Price as of:
$7.28
+0.0
+0.0%
primary theme
Emerging Markets Bond
share class
SZEAX (Mutual Fund)
DWS Emerging Markets Fixed Income Fund
Payout Change
Pending
Price as of:
$7.28
+0.0
+0.0%
primary theme
Emerging Markets Bond
share class
Name
As of 12/24/2024Price
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
10.6%
1 yr return
10.9%
3 Yr Avg Return
-0.3%
5 Yr Avg Return
0.3%
Net Assets
$50.2 M
Holdings in Top 10
27.0%
52 WEEK LOW AND HIGH
$7.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.66%
SALES FEES
Front Load 4.50%
Deferred Load N/A
TRADING FEES
Turnover 36.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
SZEAX - Profile
Distributions
- YTD Total Return 10.6%
- 3 Yr Annualized Total Return -0.3%
- 5 Yr Annualized Total Return 0.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.51%
- Dividend Yield 6.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDWS Emerging Markets Fixed Income Fund
-
Fund Family NameDWS Funds
-
Inception DateJun 18, 2001
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNicolas Schlotthauer
Fund Description
Main Investments. Under normal circumstances, the fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in high yield bonds (also known as “junk bonds”) and other debt securities issued by governments and corporations in emerging market countries (i.e., the issuer is traded mainly in an emerging market, is organized under the laws of an emerging market country or is a company with more than half of its business in emerging markets) or the return on which is derived primarily from emerging markets.The fund considers “emerging markets” to include, but not to be limited to: (i) the countries or markets that are part of the JP Morgan Emerging Markets Bond (EMBI) Global Diversified Index; or (ii) the countries or markets that are classified as “emerging market and developing economies” by the International Monetary Fund (“IMF”) (World Economic Outlook); or (iii) countries listed as low or middle (both lower middle and higher middle) income by the World Bank, if a country is an emerging market and if such country is not listed in the JP Morgan EMBI Global Diversified Index and if it is not classified as an “emerging market and developing economy” by the IMF.The fund may invest without limit in investment-grade debt securities and in junk bonds, which are those below the fourth credit grade (grade BB/Ba and below) and may include debt securities not currently paying interest and debt securities in default.The fund invests at least 50% of total assets in US dollar-denominated securities.Management process. Portfolio management typically considers a number of factors, including economic and currency outlooks, possible interest rate movements, capital flows, debt levels, inflation trends, credit quality of issuers, security characteristics and changes in supply and demand within global bond markets. Portfolio management may consider environmental, social and governance (ESG) factors, that it believes to be financially material, in its fundamental analysis. In evaluating ESG issues, portfolio management refers to internal securities specific ESG ratings, internal and external ESG research and other factors.Portfolio management may also adjust the duration (a measure of sensitivity to interest rate movements) of the fund’s portfolio, depending on its outlook for interest rates.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, with riskier securities generally requiring higher levels of collateral.
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SZEAX - Performance
Return Ranking - Trailing
| Period | SZEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.6% | -9.6% | 449.0% | 6.14% |
| 1 Yr | 10.9% | -9.1% | 449.0% | 8.19% |
| 3 Yr | -0.3%* | -8.5% | 57.9% | 63.08% |
| 5 Yr | 0.3%* | -8.1% | 28.5% | 48.89% |
| 10 Yr | 1.8%* | -4.9% | 14.5% | 53.26% |
* Annualized
Return Ranking - Calendar
| Period | SZEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.0% | -10.6% | 17.8% | 66.21% |
| 2022 | -24.4% | -29.1% | -2.4% | 90.81% |
| 2021 | -5.8% | -24.0% | 2.7% | 28.32% |
| 2020 | -0.2% | -14.0% | 9.7% | 69.26% |
| 2019 | 9.8% | -6.4% | 13.0% | 22.93% |
Total Return Ranking - Trailing
| Period | SZEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.6% | -9.6% | 449.0% | 6.14% |
| 1 Yr | 10.9% | -9.1% | 449.0% | 8.19% |
| 3 Yr | -0.3%* | -8.5% | 57.9% | 63.08% |
| 5 Yr | 0.3%* | -8.1% | 28.5% | 48.89% |
| 10 Yr | 1.8%* | -4.9% | 14.5% | 53.26% |
* Annualized
Total Return Ranking - Calendar
| Period | SZEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.8% | -0.6% | 20.0% | 67.58% |
| 2022 | -19.5% | -27.6% | -1.7% | 93.29% |
| 2021 | -1.6% | -18.5% | 7.4% | 22.94% |
| 2020 | 4.5% | -7.8% | 18.0% | 61.48% |
| 2019 | 14.3% | -3.0% | 23.0% | 32.71% |
NAV & Total Return History
SZEAX - Holdings
Concentration Analysis
| SZEAX | Category Low | Category High | SZEAX % Rank | |
|---|---|---|---|---|
| Net Assets | 50.2 M | 565 K | 14.9 B | 75.77% |
| Number of Holdings | 87 | 4 | 1860 | 90.10% |
| Net Assets in Top 10 | 14.5 M | -134 M | 1.25 B | 71.33% |
| Weighting of Top 10 | 27.02% | 5.8% | 102.5% | 22.41% |
Top 10 Holdings
- DWS Central Cash Management Government Fund 3.63%
- Eskom Holdings SOC Ltd. 3.35%
- MVM Energetika Zrt 2.94%
- Petroleos Mexicanos 2.89%
- Ecopetrol SA 2.72%
- Ivory Coast Government International Bond 2.59%
- Banque Ouest Africaine de Developpement 2.37%
- Senegal Government International Bonds 2.30%
- Argentina Republic Government International Bonds 2.23%
- Banque Ouest Africaine de Developpement 2.00%
Asset Allocation
| Weighting | Return Low | Return High | SZEAX % Rank | |
|---|---|---|---|---|
| Bonds | 94.81% | 0.00% | 100.50% | 50.51% |
| Cash | 5.19% | 0.00% | 29.76% | 43.00% |
| Stocks | 0.00% | -0.01% | 96.78% | 62.46% |
| Preferred Stocks | 0.00% | 0.00% | 2.24% | 41.30% |
| Other | 0.00% | -10.15% | 91.74% | 60.07% |
| Convertible Bonds | 0.00% | 0.00% | 8.47% | 75.52% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SZEAX % Rank | |
|---|---|---|---|---|
| Government | 80.75% | 0.00% | 99.79% | 16.21% |
| Corporate | 16.97% | 0.00% | 91.26% | 49.66% |
| Cash & Equivalents | 4.19% | 0.00% | 23.23% | 32.76% |
| Derivative | 0.00% | -1.67% | 7.50% | 52.90% |
| Securitized | 0.00% | 0.00% | 2.41% | 46.90% |
| Municipal | 0.00% | 0.00% | 0.00% | 38.97% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SZEAX % Rank | |
|---|---|---|---|---|
| US | 94.81% | -42.31% | 99.43% | 17.75% |
| Non US | 0.00% | 0.00% | 132.49% | 91.13% |
SZEAX - Expenses
Operational Fees
| SZEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.66% | 0.02% | 32.92% | 29.11% |
| Management Fee | 0.59% | 0.00% | 1.10% | 24.91% |
| 12b-1 Fee | 0.24% | 0.00% | 1.00% | 13.33% |
| Administrative Fee | 0.10% | 0.02% | 0.65% | 52.38% |
Sales Fees
| SZEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.50% | 0.75% | 5.75% | 24.00% |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| SZEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.75% | 2.00% | 13.68% |
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.
| SZEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 36.00% | 0.00% | 218.00% | 21.88% |
SZEAX - Distributions
Dividend Yield Analysis
| SZEAX | Category Low | Category High | SZEAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.88% | 0.00% | 22.22% | 37.20% |
Dividend Distribution Analysis
| SZEAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| SZEAX | Category Low | Category High | SZEAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.51% | -2.28% | 8.00% | 30.77% |
Capital Gain Distribution Analysis
| SZEAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 09, 2024 | $0.125 | OrdinaryDividend |
| Sep 23, 2024 | $0.125 | OrdinaryDividend |
| Mar 21, 2024 | $0.106 | OrdinaryDividend |
| Dec 08, 2023 | $0.106 | OrdinaryDividend |
| Sep 22, 2023 | $0.106 | OrdinaryDividend |
| Jun 23, 2023 | $0.106 | OrdinaryDividend |
| Mar 24, 2023 | $0.106 | OrdinaryDividend |
| Dec 08, 2022 | $0.106 | OrdinaryDividend |
| Sep 23, 2022 | $0.106 | OrdinaryDividend |
| Jun 23, 2022 | $0.106 | OrdinaryDividend |
| Mar 24, 2022 | $0.105 | OrdinaryDividend |
| Dec 08, 2021 | $0.109 | OrdinaryDividend |
| Sep 23, 2021 | $0.104 | OrdinaryDividend |
| Jun 23, 2021 | $0.099 | OrdinaryDividend |
| Mar 24, 2021 | $0.094 | OrdinaryDividend |
| Dec 08, 2020 | $0.104 | OrdinaryDividend |
| Sep 23, 2020 | $0.104 | OrdinaryDividend |
| Jun 23, 2020 | $0.085 | OrdinaryDividend |
| Mar 24, 2020 | $0.103 | OrdinaryDividend |
| Dec 09, 2019 | $0.094 | OrdinaryDividend |
| Sep 23, 2019 | $0.090 | OrdinaryDividend |
| Jun 21, 2019 | $0.085 | OrdinaryDividend |
| Mar 22, 2019 | $0.101 | OrdinaryDividend |
| Dec 10, 2018 | $0.091 | OrdinaryDividend |
| Sep 21, 2018 | $0.078 | OrdinaryDividend |
| Jun 22, 2018 | $0.075 | OrdinaryDividend |
| Mar 22, 2018 | $0.105 | OrdinaryDividend |
| Dec 08, 2017 | $0.104 | OrdinaryDividend |
| Sep 22, 2017 | $0.089 | OrdinaryDividend |
| Jun 23, 2017 | $0.074 | OrdinaryDividend |
| Mar 24, 2017 | $0.074 | OrdinaryDividend |
| Dec 08, 2016 | $0.104 | OrdinaryDividend |
| Sep 23, 2016 | $0.104 | OrdinaryDividend |
| Jun 23, 2016 | $0.109 | OrdinaryDividend |
| Mar 23, 2016 | $0.109 | OrdinaryDividend |
| Dec 08, 2015 | $0.106 | OrdinaryDividend |
| Sep 23, 2015 | $0.106 | OrdinaryDividend |
| Jun 23, 2015 | $0.106 | OrdinaryDividend |
| Mar 24, 2015 | $0.106 | OrdinaryDividend |
| Dec 09, 2014 | $0.105 | OrdinaryDividend |
| Sep 23, 2014 | $0.100 | OrdinaryDividend |
| Jun 23, 2014 | $0.089 | OrdinaryDividend |
| Mar 24, 2014 | $0.089 | OrdinaryDividend |
| Dec 09, 2013 | $0.085 | OrdinaryDividend |
| Sep 23, 2013 | $0.085 | OrdinaryDividend |
| Jun 21, 2013 | $0.089 | OrdinaryDividend |
| Mar 21, 2013 | $0.098 | OrdinaryDividend |
| Dec 10, 2012 | $0.087 | OrdinaryDividend |
| Sep 21, 2012 | $0.087 | OrdinaryDividend |
| Jun 22, 2012 | $0.104 | OrdinaryDividend |
| Mar 23, 2012 | $0.124 | OrdinaryDividend |
| Dec 08, 2011 | $0.119 | OrdinaryDividend |
| Sep 23, 2011 | $0.121 | OrdinaryDividend |
| Jun 23, 2011 | $0.114 | OrdinaryDividend |
| Mar 24, 2011 | $0.114 | OrdinaryDividend |
| Dec 08, 2010 | $0.123 | OrdinaryDividend |
| Sep 23, 2010 | $0.124 | OrdinaryDividend |
| Jun 23, 2010 | $0.123 | OrdinaryDividend |
| Mar 24, 2010 | $0.133 | OrdinaryDividend |
| Dec 09, 2009 | $0.174 | OrdinaryDividend |
| Sep 23, 2009 | $0.174 | OrdinaryDividend |
| Jun 23, 2009 | $0.174 | OrdinaryDividend |
| Mar 24, 2009 | $0.175 | OrdinaryDividend |
| Dec 10, 2008 | $0.288 | OrdinaryDividend |
| Dec 10, 2008 | $0.176 | CapitalGainShortTerm |
| Sep 23, 2008 | $0.164 | OrdinaryDividend |
| Jun 23, 2008 | $0.164 | OrdinaryDividend |
| Mar 24, 2008 | $0.164 | OrdinaryDividend |
| Dec 10, 2007 | $0.164 | OrdinaryDividend |
| Sep 21, 2007 | $0.164 | OrdinaryDividend |
| Jun 22, 2007 | $0.161 | OrdinaryDividend |
| Mar 23, 2007 | $0.161 | OrdinaryDividend |
| Dec 11, 2006 | $0.300 | OrdinaryDividend |
| Sep 22, 2006 | $0.136 | OrdinaryDividend |
| Jun 23, 2006 | $0.134 | OrdinaryDividend |
| Mar 24, 2006 | $0.123 | OrdinaryDividend |
SZEAX - Fund Manager Analysis
Managers
Nicolas Schlotthauer
Start Date
Tenure
Tenure Rank
Oct 02, 2017
4.66
4.7%
Nicolas Schlotthauer, CEFA, is managing director and portfolio manager of Deutsche Asset Management. He joined Deutsche Asset Management in 2004 with four years of industry experience. Prior to joining, he served as a Currency Strategist at Deka Investments. Previously, he worked as a Senior Economist for Emerging Markets at DekaBank. He got his Master's Degree ("Diplom-Volkswirt") and PhD ("Dr. rer.pol.") in Economics, Julius Maximilian University of Wuerzburg.
Joergen Hartmann
Start Date
Tenure
Tenure Rank
May 25, 2018
4.02
4.0%
Joergen Hartmann, CFA, Director. ■ Joined DWS in 2004. Prior to his current role, he served as a member of the DB Real Estate Group. ■ Senior Emerging Markets Fixed Income Portfolio Manager: Frankfurt. ■ Diplom-Betriebswirt (German Business Administration Master‘s Degree), Goethe University Frankfurt.
Roland Gabert
Start Date
Tenure
Tenure Rank
May 25, 2018
4.02
4.0%
Roland Gabert, Vice President. ■ Joined DWS in 2007. Prior to his current role, he served as a member of the currency team, with focus on emerging markets currencies. Before joining, he worked as an equity trader in international execution at BHF-Bank. ■ Emerging Markets Fixed Income Portfolio Manager: Frankfurt. ■ Completed Bank Training Program (“Bankkaufmann”) at BHF-Bank; Master’s Degree (”Diplom-Betriebswirt“) and MSc in Business Economics, Frankfurt University of Applied Sciences.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.15 | 23.87 | 6.5 | 6.11 |
