DWS Global Macro Fund (MGINX)
The fund invests in equities (common and preferred), bonds, structured notes, money market instruments, exchange traded funds (ETFs), and cash. There are no limits on asset class exposures, provided that risk parameters are met. It may also invest in alternative asset classes (such as real estate, REITs, infrastructure, convertibles, commodities and currencies). The fund may also invest in asset backed securities, short-term securities and cash equivalents.
Fund Info
| ISIN | US25156G5099 |
|---|---|
| CUSIP | 25156G509 |
| Issuer | DWS |
| Inception Date | May 14, 1995 |
| Category | Tactical Allocation |
| Min. Investment | $1,000,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
MGINX features an expense ratio of 0.79%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DWS Global Macro 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 Macro Fund had a return of 7.44% year-to-date (YTD) and 10.73% in the last 12 months. Over the past 10 years, DWS Global Macro Fund had an annualized return of 4.45%, while the S&P 500 had an annualized return of 10.88%, indicating that DWS Global Macro Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.44% | 18.13% |
| 1 month | 2.31% | 1.45% |
| 6 months | 6.16% | 8.81% |
| 1 year | 10.73% | 26.52% |
| 5 years (annualized) | 4.27% | 13.43% |
| 10 years (annualized) | 4.45% | 10.88% |
Monthly Returns
The table below presents the monthly returns of MGINX, 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 | 0.40% | -0.30% | 2.33% | -1.87% | 2.11% | 0.15% | 2.07% | 1.35% | 7.44% | ||||
| 2023 | 4.16% | -1.54% | 2.51% | 0.72% | -0.82% | 0.53% | 1.44% | -1.22% | -1.95% | -1.38% | 3.97% | 2.61% | 9.15% |
| 2022 | -0.28% | -1.90% | -0.73% | -2.45% | 1.91% | -4.09% | 0.93% | -1.64% | -3.60% | 2.39% | 3.93% | -1.23% | -6.87% |
| 2021 | 0.40% | 0.89% | 2.68% | 1.25% | 0.76% | -0.52% | 0.38% | 1.04% | -2.04% | 0.86% | -1.99% | 2.59% | 6.36% |
| 2020 | -0.61% | -2.75% | -7.01% | 3.04% | 2.73% | 1.17% | 0.94% | 1.35% | -1.86% | -1.79% | 5.35% | 2.26% | 2.27% |
| 2019 | 3.09% | 0.75% | 0.53% | 2.01% | -2.48% | 2.65% | 0.52% | 0.21% | 1.23% | 1.12% | 1.50% | 0.93% | 12.61% |
| 2018 | -0.41% | -1.14% | -0.84% | 2.23% | 0.62% | 0.21% | 2.47% | -0.10% | 1.01% | -0.90% | 0.00% | -2.70% | 0.33% |
| 2017 | 2.24% | 3.11% | 1.79% | 3.18% | 1.70% | 0.00% | 0.00% | -1.04% | 1.69% | 0.93% | -0.62% | 0.00% | 13.65% |
| 2016 | -5.61% | 0.66% | 6.30% | 1.23% | 1.10% | -0.48% | 3.76% | 0.12% | 0.93% | -2.43% | 0.35% | 0.35% | 5.99% |
| 2015 | -0.73% | 5.05% | -1.41% | 1.55% | 1.17% | -1.27% | 0.47% | -6.42% | -3.86% | 7.39% | -1.09% | -2.08% | -1.96% |
| 2014 | -4.78% | 6.31% | -0.60% | -0.24% | 1.47% | 1.81% | -2.60% | 3.03% | -3.65% | 0.61% | 0.97% | -1.56% | 0.25% |
| 2013 | 4.30% | -2.47% | 1.27% | 5.01% | -2.65% | -2.86% | 4.62% | -2.68% | 6.05% | 4.02% | 0.50% | 3.15% | 19.11% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MGINX is 41, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DWS Global Macro Fund (MGINX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DWS Global Macro Fund granted a 1.33% dividend yield in the last twelve months. The annual payout for that period amounted to $0.14 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.14 | $0.29 | $0.45 | $0.13 | $0.08 | $0.32 | $0.62 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 |
Dividend yield | 1.33% | 2.88% | 4.76% | 1.20% | 0.81% | 3.23% | 6.82% | 0.00% | 0.00% | 0.00% | 0.00% | 1.84% |
Monthly Dividends
The table displays the monthly dividend distributions for DWS Global Macro 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 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.05 | |||
| 2023 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.02 | $0.29 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.30 | $0.45 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.13 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.08 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.62 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.15 | $0.15 |
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 Macro 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 Macro Fund was 84.77%, occurring on Mar 9, 2009. The portfolio has not yet recovered.
The current DWS Global Macro Fund drawdown is 42.52%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -84.77% | Mar 7, 2000 | 2257 | Mar 9, 2009 | — | — | — |
| -8.11% | Jan 4, 2000 | 3 | Jan 6, 2000 | 18 | Feb 2, 2000 | 21 |
| -7.33% | Jul 21, 1999 | 15 | Aug 10, 1999 | 20 | Sep 7, 1999 | 35 |
| -4.86% | Dec 9, 1999 | 5 | Dec 15, 1999 | 5 | Dec 22, 1999 | 10 |
| -4.04% | Sep 10, 1999 | 11 | Sep 24, 1999 | 8 | Oct 6, 1999 | 19 |
Volatility
Volatility Chart
The current DWS Global Macro Fund volatility is 1.57%, 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.