DFRAX: DWS Floating Rate A

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DFRAX DWS Floating Rate A


Profile

DFRAX - Profile

Vitals

  • YTD Return -7.3%
  • 3 Yr Annualized Return -3.4%
  • 5 Yr Annualized Return -4.0%
  • Net Assets $163 M
  • Holdings in Top 10 20.0%

52 WEEK LOW AND HIGH

$7.54
$6.38
$8.17

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.29%

SALES FEES

  • Front Load 2.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return -7.3%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.50%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DWS Floating Rate Fund
  • Fund Family Name
    DWS
  • Inception Date
    Jun 29, 2007
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gary Russell

Fund Description

Under normal market conditions, the fund invests at least 80% of its total assets in adjustable rate loans that have a senior right to payment ("senior loans") and other floating rate debt securities. It may also borrow money in an amount up to 33 1-3% of the fund's total assets for a range of purposes, including to create investment leverage. Senior loans typically are of below investment-grade quality and, compared to investment grade loans, may pay higher yields and have higher volatility and higher risk of default on payments of interest or principal.


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Categories

Performance

DFRAX - Performance

Return Ranking - Trailing

Period DFRAX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.3% -100.0% 0.0% 30.50%
1 Yr -6.8% -100.0% 0.1% 22.48%
3 Yr -3.4%* -8.4% -0.4% 38.57%
5 Yr -4.0%* -6.1% -0.3% 88.54%
10 Yr -1.9%* -2.2% 0.2% 85.87%

* Annualized

Return Ranking - Calendar

Period DFRAX Return Category Return Low Category Return High Rank in Category (%)
2019 3.6% -8.1% 5.7% 20.95%
2018 -4.5% -12.2% 0.1% 42.02%
2017 -2.7% -2.7% 2.5% 99.54%
2016 -0.4% -0.4% 12.9% 99.51%
2015 -6.6% -12.5% -0.8% 79.89%

Total Return Ranking - Trailing

Period DFRAX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.3% -100.0% 0.0% 30.50%
1 Yr -6.8% -100.0% 0.1% 22.48%
3 Yr -1.2%* -8.4% 1.2% 8.97%
5 Yr -0.9%* -6.1% 1.3% 17.19%
10 Yr 1.9%* -2.2% 2.1% 3.26%

* Annualized

Total Return Ranking - Calendar

Period DFRAX Return Category Return Low Category Return High Rank in Category (%)
2019 4.4% -8.1% 5.7% 2.37%
2018 -0.7% -12.2% 2.5% 12.18%
2017 1.4% -2.5% 7.2% 10.60%
2016 4.4% -0.1% 12.9% 64.22%
2015 -2.6% -12.5% 1.6% 18.52%

NAV & Total Return History


Holdings

DFRAX - Holdings

Concentration Analysis

DFRAX Category Low Category High DFRAX % Rank
Net Assets 163 M 10.5 M 7.47 B 81.71%
Number of Holdings 205 5 1111 77.78%
Net Assets in Top 10 31.3 M -99.6 M 1.27 B 71.65%
Weighting of Top 10 20.01% 6.6% 95.6% 12.64%

Top 10 Holdings

  1. Invesco Senior Loan ETF 4.89%
  2. Starfruit Finco BV 1.97%
  3. TransDigm, Inc. 1.89%
  4. Quikrete Holdings, Inc. 1.86%
  5. Reynolds Group Holdings, Inc. 1.81%
  6. Change Healthcare Holdings LLC 1.58%
  7. iShares iBoxx $ High Yield Corp Bd ETF 1.57%
  8. Bausch Health Companies, Inc. 1.53%
  9. CenturyLink, Inc. 1.49%
  10. Tronox Finance LLC 1.43%

Asset Allocation

Weighting Return Low Return High DFRAX % Rank
Bonds
98.09% 81.88% 151.17% 16.86%
Cash
1.86% -51.25% 15.44% 78.16%
Stocks
0.05% 0.00% 4.61% 61.30%
Preferred Stocks
0.00% 0.00% 11.31% 67.05%
Other
0.00% -51.57% 8.58% 76.25%
Convertible Bonds
0.00% 0.00% 5.05% 70.88%

Stock Sector Breakdown

Weighting Return Low Return High DFRAX % Rank
Consumer Cyclical
99.69% 0.00% 100.00% 7.43%
Industrials
0.31% 0.00% 42.01% 22.28%
Utilities
0.00% 0.00% 86.59% 67.82%
Technology
0.00% 0.00% 100.00% 80.20%
Real Estate
0.00% 0.00% 46.96% 63.86%
Healthcare
0.00% 0.00% 100.00% 68.32%
Financial Services
0.00% 0.00% 100.00% 66.83%
Energy
0.00% 0.00% 100.00% 87.13%
Communication Services
0.00% 0.00% 100.00% 83.17%
Consumer Defense
0.00% 0.00% 1.74% 64.36%
Basic Materials
0.00% 0.00% 100.00% 67.82%

Stock Geographic Breakdown

Weighting Return Low Return High DFRAX % Rank
US
0.05% 0.00% 3.76% 61.30%
Non US
0.00% 0.00% 0.85% 70.88%

Bond Sector Breakdown

Weighting Return Low Return High DFRAX % Rank
Corporate
98.13% 0.00% 99.87% 11.11%
Cash & Equivalents
1.87% 0.00% 69.22% 78.93%
Derivative
0.00% 0.00% 21.73% 67.05%
Securitized
0.00% 0.00% 99.61% 83.14%
Municipal
0.00% 0.00% 99.98% 65.13%
Government
0.00% 0.00% 94.61% 66.28%

Bond Geographic Breakdown

Weighting Return Low Return High DFRAX % Rank
US
79.53% 42.97% 139.57% 34.87%
Non US
18.56% 0.00% 105.43% 47.13%

Expenses

DFRAX - Expenses

Operational Fees

DFRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.29% 0.01% 27.10% 37.31%
Management Fee 0.55% 0.00% 1.00% 31.66%
12b-1 Fee 0.25% 0.00% 1.00% 43.06%
Administrative Fee 0.10% 0.03% 0.40% 50.53%

Sales Fees

DFRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.75% 0.75% 5.00% 56.60%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DFRAX 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.

DFRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 5.00% 209.00% 24.52%

Distributions

DFRAX - Distributions

Dividend Yield Analysis

DFRAX Category Low Category High DFRAX % Rank
Dividend Yield 0.00% 0.00% 4.03% 75.38%

Dividend Distribution Analysis

DFRAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

DFRAX Category Low Category High DFRAX % Rank
Net Income Ratio 4.50% 1.49% 10.03% 70.77%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

DFRAX - Fund Manager Analysis

Managers

Gary Russell


Start Date

Tenure

Tenure Rank

Sep 19, 2017

2.61

2.6%

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.

Lonnie Fox


Start Date

Tenure

Tenure Rank

Oct 09, 2019

0.56

0.6%

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.

Thomas Bouchard


Start Date

Tenure

Tenure Rank

Oct 09, 2019

0.56

0.6%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 16.44 5.27 2.59