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Trending ETFs

DWS Floating Rate Fund

mutual fund
DFRPX
Payout Change
Pending
Price as of:
$7.55 -0.05 -0.66%
primary theme
Bank Loan
share class
Instl (DFRTX) C (DFRCX) A (DFRAX) S (DFRPX)
DFRPX (Mutual Fund)

DWS Floating Rate Fund

Payout Change
Pending
Price as of:
$7.55 -0.05 -0.66%
primary theme
Bank Loan
share class
Instl (DFRTX) C (DFRCX) A (DFRAX) S (DFRPX)
DFRPX (Mutual Fund)

DWS Floating Rate Fund

Payout Change
Pending
Price as of:
$7.55 -0.05 -0.66%
primary theme
Bank Loan
share class
Instl (DFRTX) C (DFRCX) A (DFRAX) S (DFRPX)

Name

As of 12/09/2024

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 Floating Rate Fund

DFRPX | Fund

$7.55

$127 M

7.94%

$0.60

1.15%

Vitals

YTD Return

6.7%

1 yr return

7.9%

3 Yr Avg Return

5.2%

5 Yr Avg Return

4.1%

Net Assets

$127 M

Holdings in Top 10

16.1%

52 WEEK LOW AND HIGH

$7.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 60.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/09/2024

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 Floating Rate Fund

DFRPX | Fund

$7.55

$127 M

7.94%

$0.60

1.15%

DFRPX - Profile

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.43%
DIVIDENDS
  • Dividend Yield 7.9%
  • Dividend Distribution Frequency Monthly

Fund Details

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

Fund Description

Main investments. 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.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. The fund invests in senior loans that may not be rated by a rating agency, registered with the Securities and Exchange Commission or any state securities commission or listed on any national exchange. Senior loans may have longer trade settlement periods than other types of investments.In addition, the fund may invest a portion of its assets in senior loans that are not secured by collateral. Such unsecured loans involve a greater risk of loss.In addition to investments in US-dollar denominated loans of US companies, investments may include US-dollar denominated loans of non-US companies and non-US dollar denominated loans of both US and non-US companies. The fund may acquire senior loans of borrowers engaged in any industry, but will invest no more than 25% of its total assets in senior loans of borrowers and securities of issuers in any one industry. The fund does not have a targeted maturity range for its portfolio.Under normal market conditions, up to 20% of the fund’s total assets may be held in cash and other investments, including, but not limited to, fixed-rate debt obligations, short- to medium-term notes, high-yield securities, which are those rated below the fourth highest credit rating category (that is, grade BB/Ba and below, commonly referred to as junk bonds), equity securities, hybrid and synthetic loans, collateralized loan obligations, and asset-backed securities.Management process. Portfolio management focuses on cash flow and total return analysis, and diversification among sectors, industries and individual issuers. Portfolio management uses an active process, which emphasizes relative value and total return, using intensive research to seek to identify stable to improving credit situations that may provide yield compensation for the risk of owning below investment-grade, floating rate and other investments.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 typically considers a number of factors, including debt leverage and interest coverage, independent credit research, management visits and conference calls, as part of its analysis and research process. Portfolio management generally also considers financially material, environmental, social and governance (ESG) factors, when available.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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DFRPX - Performance

Return Ranking - Trailing

Period DFRPX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -3.4% 10.9% 81.51%
1 Yr 7.9% -3.2% 13.1% 40.00%
3 Yr 5.2%* -6.8% 8.2% 54.47%
5 Yr 4.1%* -6.1% 38.3% 64.32%
10 Yr 3.1%* -2.0% 19.9% 77.47%

* Annualized

Return Ranking - Calendar

Period DFRPX Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -12.0% 11.1% 69.43%
2022 -5.6% -22.9% 5.1% 13.95%
2021 0.4% -12.2% 11.1% 82.54%
2020 -3.0% -14.1% 289.8% 64.88%
2019 3.6% -8.1% 7.5% 24.26%

Total Return Ranking - Trailing

Period DFRPX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -3.4% 10.9% 81.51%
1 Yr 7.9% -3.2% 13.1% 40.00%
3 Yr 5.2%* -6.8% 8.2% 54.47%
5 Yr 4.1%* -6.1% 38.3% 64.32%
10 Yr 3.1%* -2.0% 19.9% 77.47%

* Annualized

Total Return Ranking - Calendar

Period DFRPX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -12.0% 22.1% 83.77%
2022 -1.5% -22.9% 5.1% 27.13%
2021 3.7% -10.2% 11.1% 77.38%
2020 0.9% -14.1% 306.9% 68.60%
2019 8.7% -3.6% 10.5% 22.55%

NAV & Total Return History

DFRPX - Holdings

Concentration Analysis

DFRPX Category Low Category High DFRPX % Rank
Net Assets 127 M 29.9 M 13.5 B 87.64%
Number of Holdings 279 2 2051 71.98%
Net Assets in Top 10 20 M -191 M 2.37 B 87.55%
Weighting of Top 10 16.10% 5.2% 100.7% 35.16%

Top 10 Holdings

  1. Invesco Senior Loan ETF 4.61%
  2. SPDR Blackstone Senior Loan ETF 3.31%
  3. DWS Central Cash Management Government Fund 1.23%
  4. Athenahealth Group Inc 2022 Term Loan B 1.04%
  5. Nouryon Finance BV 2024 USD Term Loan B 1.01%
  6. Iron Mountain Inc 2023 Term Loan B 1.00%
  7. Nuveen Credit Strategies Income Fund 1.00%
  8. Peraton Corp Term Loan B 0.98%
  9. Truist Insurance Holdings LLC 1st Lien Term Loan 0.97%
  10. Camelot US Acquisition LLC 2024 Term Loan B 0.96%

Asset Allocation

Weighting Return Low Return High DFRPX % Rank
Bonds 		87.34% 0.00% 161.82% 91.44%
Stocks 		9.88% 0.00% 100.74% 5.84%
Cash 		2.77% -61.90% 16.36% 47.86%
Other 		0.01% -52.39% 26.58% 50.19%
Preferred Stocks 		0.00% -3.99% 7.54% 77.43%
Convertible Bonds 		0.00% 0.00% 5.51% 77.65%

Stock Sector Breakdown

Weighting Return Low Return High DFRPX % Rank
Utilities 		0.00% 0.00% 100.00% 93.27%
Technology 		0.00% 0.00% 100.00% 94.62%
Real Estate 		0.00% 0.00% 48.61% 91.48%
Industrials 		0.00% 0.00% 100.00% 33.63%
Healthcare 		0.00% 0.00% 100.00% 93.72%
Financial Services 		0.00% 0.00% 89.61% 91.48%
Energy 		0.00% 0.00% 100.00% 95.07%
Communication Services 		0.00% 0.00% 100.00% 97.76%
Consumer Defense 		0.00% 0.00% 100.00% 93.27%
Consumer Cyclical 		0.00% 0.00% 97.66% 2.69%
Basic Materials 		0.00% 0.00% 1.36% 95.52%

Stock Geographic Breakdown

Weighting Return Low Return High DFRPX % Rank
US 		9.88% -0.01% 100.74% 5.84%
Non US 		0.00% 0.00% 0.68% 72.37%

Bond Sector Breakdown

Weighting Return Low Return High DFRPX % Rank
Corporate 		91.27% 0.00% 99.80% 37.65%
Cash & Equivalents 		1.23% 0.00% 25.03% 61.09%
Derivative 		0.01% -11.46% 0.67% 31.13%
Government 		0.01% 0.00% 3.18% 26.67%
Securitized 		0.00% 0.00% 91.68% 81.57%
Municipal 		0.00% 0.00% 0.47% 67.45%

Bond Geographic Breakdown

Weighting Return Low Return High DFRPX % Rank
US 		87.34% 0.00% 124.50% 68.87%
Non US 		0.00% 0.00% 63.23% 81.32%

DFRPX - Expenses

Operational Fees

DFRPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% 0.03% 5.51% 47.73%
Management Fee 0.55% 0.00% 1.89% 20.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.02% 0.27% 35.56%

Sales Fees

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

Trading Fees

DFRPX 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.

DFRPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 4.00% 180.00% 50.41%

DFRPX - Distributions

Dividend Yield Analysis

DFRPX Category Low Category High DFRPX % Rank
Dividend Yield 7.94% 0.00% 11.13% 44.53%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DFRPX Category Low Category High DFRPX % Rank
Net Income Ratio 3.43% 1.77% 9.82% 58.89%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DFRPX - Fund Manager Analysis

Managers

Gary Russell

Start Date

Tenure

Tenure Rank

Sep 19, 2017

4.7

4.7%

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

2.64

2.6%

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

2.64

2.6%

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
0.09 21.18 6.08 3.25

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