DWS Floating Rate Fund (DFRTX)
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.
Fund Info
| ISIN | US25157W8001 |
|---|---|
| CUSIP | 25157W800 |
| Issuer | DWS |
| Inception Date | Jun 28, 2007 |
| Category | Bank Loan |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
DFRTX has a high expense ratio of 0.78%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DWS Floating Rate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
DWS Floating Rate Fund had a return of 2.61% year-to-date (YTD) and 10.12% in the last 12 months. Over the past 10 years, DWS Floating Rate Fund had an annualized return of 2.78%, while the S&P 500 had an annualized return of 10.37%, indicating that DWS Floating Rate Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.61% | 5.57% |
| 1 month | 0.61% | -4.16% |
| 6 months | 5.67% | 20.07% |
| 1 year | 10.12% | 20.82% |
| 5 years (annualized) | 4.01% | 11.56% |
| 10 years (annualized) | 2.78% | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.48% | 0.74% | 0.74% | |||||||||
| 2023 | -0.18% | 1.55% | 1.41% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DFRTX is 99, placing it in the top 1% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
DWS Floating Rate Fund(DFRTX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DWS Floating Rate Fund (DFRTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DWS Floating Rate Fund granted a 8.70% dividend yield in the last twelve months. The annual payout for that period amounted to $0.66 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.66 | $0.64 | $0.33 | $0.27 | $0.30 | $0.40 | $0.34 | $0.37 | $0.41 | $0.40 | $0.38 | $0.42 |
Dividend yield | 8.70% | 8.33% | 4.36% | 3.41% | 3.84% | 4.90% | 4.30% | 4.49% | 4.86% | 4.73% | 4.22% | 4.44% |
Monthly Dividends
The table displays the monthly dividend distributions for DWS Floating Rate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.06 | $0.06 | $0.06 | |||||||||
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2018 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the DWS Floating Rate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DWS Floating Rate Fund was 30.86%, occurring on Dec 16, 2008. Recovery took 203 trading sessions.
The current DWS Floating Rate Fund drawdown is 0.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30.86% | Nov 5, 2007 | 281 | Dec 16, 2008 | 203 | Oct 7, 2009 | 484 |
| -21.32% | Jan 21, 2020 | 44 | Mar 23, 2020 | 185 | Dec 14, 2020 | 229 |
| -8.6% | Jun 4, 2015 | 183 | Feb 24, 2016 | 355 | Jul 21, 2017 | 538 |
| -6.44% | Jan 24, 2022 | 113 | Jul 6, 2022 | 135 | Jan 18, 2023 | 248 |
| -6.09% | May 4, 2011 | 81 | Aug 26, 2011 | 103 | Jan 25, 2012 | 184 |
Volatility
Volatility Chart
The current DWS Floating Rate Fund volatility is 1.00%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.