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Name

As of 11/21/2024

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

DWS GNMA Fund

GRRGX | Fund

$11.53

$779 M

4.08%

$0.47

0.49%

Vitals

YTD Return

0.4%

1 yr return

5.5%

3 Yr Avg Return

-2.4%

5 Yr Avg Return

-1.1%

Net Assets

$779 M

Holdings in Top 10

76.3%

52 WEEK LOW AND HIGH

$11.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.49%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/21/2024

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

DWS GNMA Fund

GRRGX | Fund

$11.53

$779 M

4.08%

$0.47

0.49%

GRRGX - Profile

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.75%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    DWS GNMA Fund
  • Fund Family Name
    DWS Funds
  • Inception Date
    Feb 02, 2015
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gregory Staples

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 “Ginnie Maes,”which are mortgage-backed securities that are issued or guaranteed by the Government National Mortgage Association (GNMA). For purposes of the fund's 80% investment policy, investments in “Ginnie Maes” include investments in collateralized mortgage obligations collateralized by a pool of mortgage backed securities guaranteed by GNMA. The fund may also purchase or sell securities on a when-issued, delayed delivery or forward commitment basis, including US government agency mortgage-backed to-be-announced securities (TBAs). A forward commitment transaction is an agreement by the fund to purchase or sell securities at a specified future date. The fund may sell the forward commitment securities before the settlement date or enter into new commitments to extend the delivery date into the future.The balance of the fund’s assets, among other permitted investments, may be invested in asset-backed securities or commercial mortgage-backed securities, or securities issued by the US government, its agencies or instrumentalities. These securities may not be guaranteed by the US Treasury or backed by the full faith and credit of the US government. The fund may also hold up to 10% of its total net assets in uninvested cash, cash equivalents (such as money market securities), repurchase agreements or shares of money market funds or short-term bond funds, which investments may not be issued or guaranteed by the US government, its agencies or instrumentalities. Because the fund may invest in fixed income securities of varying maturities, the fund's dollar-weighted average effective portfolio maturity will vary. As of December 31, 2023, the fund had a dollar-weighted average effective portfolio maturity of 8.34 years.Management process. In deciding which types of securities to buy and sell, portfolio management first considers the relative attractiveness of Ginnie Maes compared to other eligible securities and decides on allocations. The decisions are generally based on a number of factors, including changes in supply and demand within the bond market and prepayment rates of individual bonds.In choosing individual bonds, portfolio management reviews each bond’s fundamentals, compares the yields of bonds and uses detailed analysis to project prepayment rates and other factors that could affect a bond’s attractiveness. Portfolio management may also adjust the duration (a measure of sensitivity to interest rate movements) of the fund’s portfolio, based upon their analysis.Derivatives. Portfolio management generally may use interest rate futures contracts or interest rate swaps, which are types of derivatives (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 to enhance returns. In addition, portfolio management generally may use (i) options on GNMA TBAs or total return swaps to seek to enhance potential gains; and (ii) options on interest rate futures or on interest rates to hedge against potential adverse interest rate movements.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.Active trading. The fund may trade securities actively and this may lead to high portfolio turnover.
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GRRGX - Performance

Return Ranking - Trailing

Period GRRGX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -3.9% 24.8% 74.34%
1 Yr 5.5% -4.4% 32.0% 35.40%
3 Yr -2.4%* -7.9% 11.6% 42.67%
5 Yr -1.1%* -5.9% 3.0% 67.29%
10 Yr N/A* -2.3% 3.1% 59.32%

* Annualized

Return Ranking - Calendar

Period GRRGX Return Category Return Low Category Return High Rank in Category (%)
2023 0.8% -1.0% 22.1% 64.60%
2022 -13.3% -20.4% -5.8% 38.22%
2021 -2.4% -7.1% 16.6% 25.45%
2020 1.0% -1.3% 8.8% 90.65%
2019 3.5% 0.3% 7.1% 45.97%

Total Return Ranking - Trailing

Period GRRGX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -3.9% 24.8% 74.34%
1 Yr 5.5% -4.4% 32.0% 35.40%
3 Yr -2.4%* -7.9% 11.6% 42.67%
5 Yr -1.1%* -5.9% 3.0% 67.29%
10 Yr N/A* -2.3% 3.1% 57.58%

* Annualized

Total Return Ranking - Calendar

Period GRRGX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -0.5% 28.8% 34.07%
2022 -11.7% -18.5% -3.3% 45.33%
2021 -1.0% -4.5% 25.3% 29.09%
2020 3.4% -1.3% 13.0% 91.12%
2019 6.7% 1.8% 11.3% 7.58%

NAV & Total Return History

GRRGX - Holdings

Concentration Analysis

GRRGX Category Low Category High GRRGX % Rank
Net Assets 779 M 8.69 M 134 B 51.33%
Number of Holdings 226 14 12380 69.91%
Net Assets in Top 10 569 M 5.36 M 56.1 B 40.27%
Weighting of Top 10 76.35% 6.2% 99.5% 6.19%

Top 10 Holdings

  1. DWS Central Cash Management Government Fund 26.58%
  2. Ginnie Mae 9.35%
  3. Ginnie Mae 7.33%
  4. Ginnie Mae II Pool 7.18%
  5. Ginnie Mae 6.74%
  6. Ginnie Mae 4.59%
  7. Citibank Credit Card Issuance Trust 4.07%
  8. Ginnie Mae 3.72%
  9. Ginnie Mae 3.54%
  10. Ginnie Mae 3.26%

Asset Allocation

Weighting Return Low Return High GRRGX % Rank
Bonds 		107.66% 0.06% 167.53% 20.35%
Cash 		27.25% -20.28% 27.25% 1.77%
Other 		4.93% -21.19% 22.58% 12.39%
Stocks 		0.00% 0.00% 95.28% 53.98%
Preferred Stocks 		0.00% 0.00% 0.12% 53.54%
Convertible Bonds 		0.00% 0.00% 3.29% 53.98%

Bond Sector Breakdown

Weighting Return Low Return High GRRGX % Rank
Securitized 		82.59% 0.00% 99.79% 25.66%
Cash & Equivalents 		27.25% 0.00% 27.25% 1.77%
Government 		1.23% 0.00% 100.00% 86.73%
Corporate 		0.00% 0.00% 9.48% 67.70%
Municipal 		0.00% 0.00% 5.24% 60.62%
Derivative 		-0.06% -18.12% 3.25% 73.89%

Bond Geographic Breakdown

Weighting Return Low Return High GRRGX % Rank
US 		107.66% 0.06% 167.53% 20.35%
Non US 		0.00% 0.00% 2.20% 53.54%

GRRGX - Expenses

Operational Fees

GRRGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.03% 2.85% 71.11%
Management Fee 0.32% 0.00% 0.85% 46.02%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.45% 64.76%

Sales Fees

GRRGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

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

GRRGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 3.35% 948.00% 91.72%

GRRGX - Distributions

Dividend Yield Analysis

GRRGX Category Low Category High GRRGX % Rank
Dividend Yield 4.08% 0.00% 4.94% 12.39%

Dividend Distribution Analysis

GRRGX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

GRRGX Category Low Category High GRRGX % Rank
Net Income Ratio 0.75% -0.80% 2.96% 49.78%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GRRGX - Fund Manager Analysis

Managers

Gregory Staples

Start Date

Tenure

Tenure Rank

Mar 24, 2016

6.19

6.2%

Gregory M. Staples, CFA, Regional Head of Fixed Income. Portfolio Manager of the fund. Began managing the fund in 2016. Joined Deutsche Asset & Wealth Management in 2005. Prior to joining, heserved as a Senior Managing Director and managing director at MONY Advisors, Staples is responsible for the direction of all third-party public-bond portfolios. He began his career with MONY in 1982 as a corporate-credit analyst and now heads the public-bond trading group.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.38 7.35

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