DWS Global High Income Fund (MGHYX)

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DWS Global High Income Fund (MGHYX) is up 1.6% since the beginning of the year. MGHYX is currently trading at $6 per share. Investors who bought $1,000 worth of MGHYX shares 5 years ago would now be looking at an investment worth $1,192.

DWS Global High Income Fund (MGHYX) has returned 1.59% so far this year and 7.41% over the past 12 months. Over the last ten years, MGHYX has returned 4.96% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Mar 16, 1998, MGHYX's average daily return is 0.00%, while the average monthly return is +0.04%. At this rate, an investment would double in approximately 144.4 years.

Historically, 58% of months were positive and 42% were negative. The best month was Jan 2001 with a return of +8.2%, while the worst month was Oct 2008 at -15.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 7 months.

On a daily basis, MGHYX closed higher 36% of trading days. The best single day was Mar 26, 2020 with a return of +3.7%, while the worst single day was Oct 10, 2008 at -4.4%.

DWS Global High Income Fund has an annualized alpha of -0.55%, beta of 0.10, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since March 16, 1998.

• This fund participated in 48.54% of S&P 500 Index downside but only 27.34% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.10 may look defensive, but with R2 of 0.14 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.14 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MGHYX has an expense ratio of 0.60%, placing it in the medium range.

MGHYX ranks 76 for risk / return — better than 76% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

DWS Global High Income Fund provided a 5.69% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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 53.47%, occurring on Dec 15, 2008. Recovery took 4201 trading sessions.

The current DWS Global High Income Fund drawdown is 0.16%.

The chart below shows the rolling one-month volatility.