DWS Global High Income Fund (MGHYX)
The fund invests at least 65% of total assets in domestic and foreign below investment grade debt securities. It generally invests in at least three different countries and will normally invest at least 40% of net assets in securities of foreign issuers. The fund invests in securities of varying maturities and the advisor intends to maintain a dollar-weighted effective average portfolio maturity (the weighted average of the maturity dates of bonds held by the fund) that will not exceed ten years.
Fund Info
| ISIN | US25155T5020 |
|---|---|
| CUSIP | 25155T502 |
| Issuer | DWS |
| Inception Date | Mar 16, 1998 |
| Category | High Yield Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
MGHYX features an expense ratio of 0.60%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DWS Global High Income 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 Global High Income Fund had a return of 5.89% year-to-date (YTD) and 12.54% in the last 12 months. Over the past 10 years, DWS Global High Income Fund had an annualized return of 5.75%, while the S&P 500 had an annualized return of 10.87%, indicating that DWS Global High Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.89% | 18.10% |
| 1 month | 1.48% | 1.42% |
| 6 months | 5.34% | 10.08% |
| 1 year | 12.54% | 26.58% |
| 5 years (annualized) | 6.00% | 13.42% |
| 10 years (annualized) | 5.75% | 10.87% |
Monthly Returns
The table below presents the monthly returns of MGHYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.01% | 0.18% | 1.01% | -0.63% | 1.20% | 0.85% | 1.68% | 1.31% | 5.89% | ||||
| 2023 | 4.33% | -1.36% | 1.92% | 1.13% | -0.38% | 2.12% | 1.85% | 0.72% | -0.99% | -1.35% | 4.82% | 3.83% | 17.67% |
| 2022 | -1.98% | -0.95% | -0.23% | -2.90% | 0.18% | -6.64% | 6.21% | -2.36% | -3.78% | 3.54% | 3.00% | -0.70% | -7.04% |
| 2021 | -0.05% | 0.25% | 0.23% | 0.96% | 0.09% | 1.25% | 0.23% | 0.37% | -0.07% | -0.21% | -1.08% | 1.99% | 4.01% |
| 2020 | -0.00% | -1.67% | -10.11% | 4.75% | 4.34% | 0.10% | 5.50% | 0.92% | -0.94% | 0.72% | 3.75% | 1.39% | 8.07% |
| 2019 | 4.81% | 1.64% | 1.00% | 1.16% | -1.05% | 2.80% | 0.70% | 0.87% | 0.39% | 0.43% | 0.37% | 1.66% | 15.68% |
| 2018 | 0.48% | -1.04% | -0.78% | 0.87% | -0.18% | 0.16% | 1.17% | 0.91% | 0.55% | -1.63% | -0.74% | -1.57% | -1.83% |
| 2017 | 1.45% | 1.45% | -0.27% | 1.13% | 1.00% | 0.02% | 1.42% | 0.28% | 0.68% | 0.39% | -0.17% | 0.19% | 7.81% |
| 2016 | -1.14% | 0.58% | 2.86% | 3.15% | 0.45% | 0.32% | 2.44% | 2.26% | 0.30% | 0.10% | -0.49% | 1.56% | 13.02% |
| 2015 | 0.37% | 2.09% | 0.00% | 1.03% | 0.23% | -1.59% | 0.02% | -1.67% | -2.62% | 3.24% | -0.97% | -1.89% | -1.89% |
| 2014 | 0.52% | 2.06% | 0.35% | 0.78% | 1.05% | 0.89% | -1.30% | 1.32% | -1.88% | 0.89% | -0.28% | -1.07% | 3.30% |
| 2013 | 1.25% | -0.01% | 1.09% | 2.06% | -0.99% | -2.82% | 2.10% | -0.89% | 1.24% | 2.24% | 0.52% | 0.52% | 6.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MGHYX is 92, placing it in the top 8% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DWS Global High Income Fund (MGHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DWS Global High Income Fund granted a 6.62% dividend yield in the last twelve months. The annual payout for that period amounted to $0.41 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.60 | $0.64 | $0.34 | $0.48 | $0.35 | $0.44 | $0.34 | $0.33 | $0.47 | $0.56 | $0.45 |
Dividend yield | 6.62% | 9.78% | 11.19% | 4.97% | 6.94% | 5.07% | 6.98% | 4.99% | 4.96% | 7.57% | 8.15% | 6.29% |
Monthly Dividends
The table displays the monthly dividend distributions for DWS Global High Income 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.25 | |||
| 2023 | $0.05 | $0.03 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.03 | $0.03 | $0.06 | $0.04 | $0.60 |
| 2022 | $0.04 | $0.03 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.03 | $0.03 | $0.05 | $0.05 | $0.16 | $0.64 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.34 |
| 2020 | $0.05 | $0.03 | $0.03 | $0.06 | $0.05 | $0.03 | $0.05 | $0.05 | $0.03 | $0.03 | $0.05 | $0.04 | $0.48 |
| 2019 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.35 |
| 2018 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.13 | $0.44 |
| 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 | $0.34 |
| 2016 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.16 | $0.47 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.17 | $0.56 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the DWS Global High Income 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 Global High Income Fund was 38.51%, occurring on Oct 10, 2002. Recovery took 704 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.51% | Apr 23, 1998 | 1135 | Oct 10, 2002 | 704 | Jul 29, 2005 | 1839 |
| -30.54% | May 25, 2007 | 392 | Dec 15, 2008 | 162 | Aug 7, 2009 | 554 |
| -22.16% | Feb 21, 2020 | 22 | Mar 23, 2020 | 89 | Jul 29, 2020 | 111 |
| -12.78% | Jan 3, 2022 | 187 | Sep 29, 2022 | 188 | Jun 30, 2023 | 375 |
| -10.02% | Aug 2, 2011 | 45 | Oct 4, 2011 | 74 | Jan 20, 2012 | 119 |
Volatility
Volatility Chart
The current DWS Global High Income Fund volatility is 0.65%, 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.