DWS GNMA Fund
Data updated: 2026-08-27
C000113855 — DWS GNMA Fund. Long Securitized (MBS/ABS/CMBS) Bond · $635.43M AUM · 1.11% expense ratio. Holdings, fees, performance and SEC filings.
C000113855 Fund Overview
DWS GNMA Fund is a US mutual fund managed by Deutsche Dws Income Trust, categorised as Long Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Deutsche Dws Income Trust
- Category: Long Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $635.43M
- 1-year return: 1.5%
- SEC CIK: 0000747677
- SEC series ID: S000005964
- Share class ID: C000113855
C000113855 Investment Objective and Strategy
DWS GNMA Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Deutsche Dws Income Trust.
Investment objective
The fund seeks to produce a high level of income.
Principal investment strategy
"Main investments. Under normal circumstances, the fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in ""Ginnie Maes,"" which are mortgage-backed securities that are issued or guaranteed by the Government National Mortgage Association (GNMA). For purposes of the fund's 80% investment policy, investments in ""Ginnie Maes"" include investments in collateralized mortgage obligations collateralized by a pool of mortgage backed securities guaranteed by GNMA. The fund may also purchase or sell securities on a when-issued, delayed delivery or forward commitment basis, including US government agency mortgage-backed to-be-announced securities (TBAs). A forward commitment transaction is an agreement by the fund to purchase or sell securities at a specified future date.
The fund may sell the forward commitment securities before the settlement date or enter into new commitments to extend the delivery date into the future. The balance of the fund's assets, among other permitted investments, may be invested in securities issued by the US government, its agencies or instrumentalities. These securities may not be guaranteed by the US Treasury or backed by the full faith and credit of the US government. The fund may also hold up to 10% of its total net assets in uninvested cash, cash equivalents (such as money market securities), repurchase agreements or shares of money market funds or short-term bond funds, which investments may not be issued or guaranteed by the US government, its agencies or instrumentalities. Management process. In deciding which types of securities to buy and sell, portfolio management first considers the relative attractiveness of Ginnie Maes compared to other eligible securities and decides on allocations.
The decisions are generally based on a number of factors, including changes in supply and demand within the bond market and prepayment rates of individual bonds. In choosing individual bonds, portfolio management reviews each bond's fundamentals, compares the yields of bonds and uses detailed analysis to project prepayment rates and other factors that could affect a bond's attractiveness. Portfolio management may also adjust the duration (a measure of sensitivity to interest rate movements) of the fund's portfolio, based upon their analysis. Derivatives. Portfolio management generally may use interest rate futures contracts or interest rate swaps, which are types of derivatives (a contract whose value is based on, for example, indices, currencies or securities) for duration management (i.e., reducing or increasing the sensitivity of the fund's portfolio to interest rate changes).
Portfolio management may, from time to time, seek to enhance returns by employing various strategies to identify interest rate trends across developed markets using derivatives, including interest rate futures contracts, interest rate swaps and foreign currency transactions. In addition, portfolio management generally may use (i) options on GNMA TBAs or total return swaps to seek to enhance potential gains; and (ii) options on interest rate futures or on interest rates to hedge against potential adverse interest rate movements. The fund may also use other types of derivatives (i) for hedging purposes; (ii) for risk management; (iii) for non-hedging purposes to seek to enhance potential gains; or (iv) as a substitute for direct investment in a particular asset class or to keep cash on hand to meet shareholder redemptions.
Securities Lending. The fund may lend securities (up to one-third of total assets) to approved institutions. Active Trading. The fund may trade securities actively and this may lead to high portfolio turnover."
C000113855 Holdings
Top 10 holdings of DWS GNMA Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Government National Mortgage Association | 18.31% |
| Government National Mortgage Association | 13.60% |
| Government National Mortgage Association | 12.65% |
| Government National Mortgage Association | 11.33% |
| Government National Mortgage Association | 9.81% |
| Government National Mortgage Association | 9.10% |
| Government National Mortgage Association | 8.41% |
| Dws | 7.76% |
| Government National Mortgage Association | 5.62% |
| Government National Mortgage Association | 3.91% |
C000113855 Portfolio Allocation
Asset-class allocation of DWS GNMA Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 168.6% |
| Cash & Equivalents | 7.8% |
| Fixed Income | 2.5% |
C000113855 Performance
Total returns for C000113855 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.5% |
| 3 years (annualised) | -4.0% |
C000113855 Risk Information
Risk metrics for C000113855, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.5%
C000113855 Costs and Fees
C000113855 costs about $111 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.11%
- Gross expense ratio: 1.25%
- Portfolio turnover: 104000%
- Brokerage commissions: 0.60 bps of average net assets (SEC N-CEN)
C000113855 Cashflows
Over the 12 months to 2026-06, DWS GNMA Fund had net outflows of $63.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$4.93M |
| 2026-05 | −$6.78M |
| 2026-04 | −$3.23M |
| 2026-03 | −$5.23M |
| 2026-02 | −$3.15M |
| 2026-01 | −$4.95M |
C000113855 Debt Constituents
Largest debt holdings of DWS GNMA Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 2.52% |
C000113855 Prospectus and SEC Filings
Official DWS GNMA Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-27
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus (485BPOS) — filed 2024-01-26
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2025-12-12
- Annual census (N-CEN) — filed 2024-12-10
Related Funds
Other Long Securitized (MBS/ABS/CMBS) Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.