DBIWX: DWS Global Macro Fund

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DBIWX DWS Global Macro Fund


Profile

DBIWX - Profile

Vitals

  • YTD Return -2.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $174 M
  • Holdings in Top 10 57.0%

52 WEEK LOW AND HIGH

$9.70
$8.55
$10.16

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.82%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 41.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -2.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.55%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    DWS Global Macro Fund
  • Fund Family Name
    DWS
  • Inception Date
    Jul 01, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Henning Potstada

Fund Description

The fund invests in equities (common and preferred), bonds, structured notes, money market instruments, exchange traded funds (ETFs), and cash. There are no limits on asset class exposures, provided that risk parameters are met. It may also invest in alternative asset classes (such as real estate, REITs, infrastructure, convertibles, commodities and currencies). The fund may also invest in asset backed securities, short-term securities and cash equivalents.


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Categories

DBIWX - Mutual Fund Categories


Performance

DBIWX - Performance

Return Ranking - Trailing

Period DBIWX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.1% -21.5% 7.8% 58.97%
1 Yr -1.6% -19.0% 9.9% 60.00%
3 Yr N/A* -10.1% 5.8% 7.84%
5 Yr N/A* -5.7% 5.6% 4.30%
10 Yr N/A* -3.5% 5.6% 14.00%

* Annualized

Return Ranking - Calendar

Period DBIWX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.3% 25.8% N/A
2018 N/A -19.3% -2.0% N/A
2017 N/A -3.1% 29.4% N/A
2016 N/A -17.0% 7.3% N/A
2015 N/A -14.3% 0.0% N/A

Total Return Ranking - Trailing

Period DBIWX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.1% -21.5% 7.8% 58.97%
1 Yr -1.6% -19.0% 9.9% 59.35%
3 Yr N/A* -10.1% 5.8% 9.80%
5 Yr N/A* -5.7% 7.2% 6.45%
10 Yr N/A* -3.5% 9.0% 18.00%

* Annualized

Total Return Ranking - Calendar

Period DBIWX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.3% 25.8% N/A
2018 N/A -19.0% -2.0% N/A
2017 N/A -3.1% 29.4% N/A
2016 N/A -9.5% 16.4% N/A
2015 N/A -14.3% 3.5% N/A

NAV & Total Return History


Holdings

DBIWX - Holdings

Concentration Analysis

DBIWX Category Low Category High DBIWX % Rank
Net Assets 174 M 1.73 M 171 B 64.74%
Number of Holdings 123 58 2783 83.33%
Net Assets in Top 10 -10.4 M -2.66 B 26.7 B 91.67%
Weighting of Top 10 57.01% 9.3% 98.3% 9.40%

Top 10 Holdings

  1. S+p500 Emini Fut Sep20 Xcme 20200918 14.97%
  2. Dax Index Future Sep20 Xeur 20200918 14.30%
  3. Vonovia SE 4.50%
  4. Alphabet Inc A 3.93%
  5. Johnson & Johnson 3.46%
  6. Taiwan Semiconductor Manufacturing Co Ltd 3.28%
  7. Us 10yr Note (Cbt)sep20 Xcbt 20200921 3.24%
  8. United States Treasury Notes 1.62% 3.15%
  9. United States Treasury Notes 1.5% 3.13%
  10. SPDR® Gold MiniShares 3.04%

Asset Allocation

Weighting Return Low Return High DBIWX % Rank
Stocks
43.80% 22.67% 69.58% 71.15%
Bonds
29.60% 21.82% 59.25% 71.15%
Cash
22.90% 0.62% 50.88% 18.59%
Other
3.04% -3.73% 9.23% 22.44%
Convertible Bonds
0.67% -0.01% 8.21% 32.69%
Preferred Stocks
0.00% 0.00% 6.45% 71.79%

Bond Sector Breakdown

Weighting Return Low Return High DBIWX % Rank
Cash & Equivalents
40.60% 6.94% 67.62% 19.87%
Government
37.58% 5.63% 66.76% 32.69%
Corporate
21.82% 0.00% 63.57% 46.79%
Derivative
0.00% -0.86% 38.98% 65.38%
Securitized
0.00% 0.00% 23.15% 88.46%
Municipal
0.00% 0.00% 4.24% 58.33%

Bond Geographic Breakdown

Weighting Return Low Return High DBIWX % Rank
US
17.84% -2.57% 42.83% 64.10%
Non US
11.76% 0.00% 48.40% 45.51%

Expenses

DBIWX - Expenses

Operational Fees

DBIWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.82% 0.09% 26.19% 26.45%
Management Fee 0.60% 0.00% 1.90% 44.23%
12b-1 Fee 0.00% 0.00% 1.00% 2.38%
Administrative Fee 0.10% 0.01% 0.20% 76.14%

Sales Fees

DBIWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DBIWX 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.

DBIWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 8.00% 145.00% 16.77%

Distributions

DBIWX - Distributions

Dividend Yield Analysis

DBIWX Category Low Category High DBIWX % Rank
Dividend Yield 3.23% 0.00% 3.23% 0.64%

Dividend Distribution Analysis

DBIWX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Quarterly Quarterly Quarterly

Net Income Ratio Analysis

DBIWX Category Low Category High DBIWX % Rank
Net Income Ratio 1.55% -0.35% 4.16% 61.94%

Capital Gain Distribution Analysis

DBIWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

Fund Manager Analysis

DBIWX - Fund Manager Analysis

Managers

Henning Potstada


Start Date

Tenure

Tenure Rank

May 08, 2017

3.32

3.3%

Henning Potstada, Managing Director. ■ Joined DWS in 2006. ■ Portfolio Manager for Multi Asset: Frankfurt. ■ MBA, University of Bayreuth, Germany.

Christoph-Arend Schmidt


Start Date

Tenure

Tenure Rank

May 08, 2017

3.32

3.3%

Christoph-Arend Schmidt, CFA, Vice President. ■ Joined DWS in 2008. ■ Portfolio Manager for Multi Asset: Frankfurt. ■ MBA, University of Bayreuth, Germany.

Stefan Flasdick


Start Date

Tenure

Tenure Rank

May 08, 2017

3.32

3.3%

Stefan Flasdick, Vice President. ■ Joined DWS in 2004. Prior to his current role, he served as a portfolio manager in Deutsche Bank Private Wealth Management. Previously, he served in Futures & Options Sales for Germany & Austria at JP Morgan in London and Frankfurt. He began his career as a Trainee in Treasury and F&O Sales at BfG Bank / Credit Lyonnais.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.2 21.68 7.03 14.51