DWS Floating Rate Fund
Data updated: 2026-04-27
C000146897 — DWS Floating Rate Fund. Alternative · $65.04M AUM · 0.79% expense ratio · 9.7% 1-yr return. Holdings, fees, performance and SEC filings.
C000146897 Fund Overview
DWS Floating Rate Fund is a US mutual fund managed by Deutsche Dws Portfolio Trust, categorised as Alternative. 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 Portfolio Trust
- Category: Alternative
- Assets under management: $65.04M
- 1-year return: 9.7%
- SEC CIK: 0000088063
- SEC series ID: S000017996
- Share class ID: C000146897
C000146897 Investment Objective and Strategy
DWS Floating Rate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Deutsche Dws Portfolio Trust.
Investment objective
The fund seeks to provide high current income.
Principal investment strategy
"Main investments. 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. The fund may also borrow money in an amount up to 33⅓% 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. The fund invests in senior loans that may not be rated by a rating agency, registered with the Securities and Exchange Commission or any state securities commission or listed on any national exchange. In addition, the fund may invest a portion of its assets in senior loans that are not secured by collateral.
Such unsecured loans involve a greater risk of loss. In addition to investments in US-dollar denominated loans of US companies, investments may include US-dollar denominated loans of non-US companies and non-US dollar denominated loans of both US and non-US companies. The fund may acquire senior loans of borrowers engaged in any industry, but will invest no more than 25% of its total assets in senior loans of borrowers and securities of issuers in any one industry. The fund does not have a targeted maturity range for its portfolio. Under normal market conditions, up to 20% of the fund's total assets may be held in cash and other investments, including, but not limited to, fixed-rate debt obligations, short- to medium-term notes, high-yield securities, which are those rated below the fourth highest credit rating category (that is, grade BB/Ba and below, commonly referred to as junk bonds), equity securities, hybrid and synthetic loans, collateralized loan obligations, and asset-backed securities.
Management process. Portfolio management focuses on cash flow and total return analysis, and diversification among sectors, industries and individual issuers. Portfolio management uses an active process, which emphasizes relative value and total return, using intensive research to seek to identify stable to improving credit situations that may provide yield compensation for the risk of owning below investment-grade, floating rate and other investments. The investment process involves a bottom-up approach using relative value and fundamental analysis to seek to select the best investments within each industry, and a top-down approach to assess the overall risk and return in the market and which considers macro trends in the economy. Derivatives. Portfolio management generally may use interest rate swaps or futures contracts, 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 generally may also use (i) credit default swaps to seek to increase the fund's income, to gain exposure to a debt security issuer's credit quality characteristics without directing investing in the debt security, or to hedge the risk of default on debt securities held in the fund's portfolio; (ii) options on interest rate futures to hedge interest rate movements of portfolio assets; and (iii) total return swaps to seek to enhance potential gains. 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, such as registered broker-dealers, banks and pooled investment vehicles."
C000146897 Holdings
Top 6 holdings of DWS Floating Rate Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dws | 95.14% |
| State Street Blackstone Senior Loan ETF | 2.98% |
| State Street SPDR Bloomberg High Yield Bond ETF | 1.16% |
| BondBloxx CCC-Rated USD High Yield Corporate Bond ETF | 0.45% |
| iHeartMedia Inc | 0.03% |
| Uniti Group Inc | 0.01% |
C000146897 Portfolio Allocation
Asset-class allocation of DWS Floating Rate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 95.1% |
| Equity | 4.6% |
C000146897 Performance
Total returns for C000146897 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.7% |
| 3 years (annualised) | 4.4% |
C000146897 Risk Information
Risk metrics for C000146897, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.0%
C000146897 Costs and Fees
C000146897 costs about $79 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.79%
- Gross expense ratio: 1.17%
- Portfolio turnover: 70%
- Brokerage commissions: 0.24 bps of average net assets (SEC N-CEN)
C000146897 Cashflows
Over the 12 months to 2026-02, DWS Floating Rate Fund had net outflows of $60.13M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$1.80M |
| 2026-01 | −$41.02M |
| 2025-12 | −$2.37M |
| 2025-11 | −$1.09M |
| 2025-10 | −$726.04K |
| 2025-09 | −$5.33M |
C000146897 Debt Constituents
No individual debt constituents are reported in DWS Floating Rate Fund's latest SEC N-PORT filing.
C000146897 Prospectus and SEC Filings
Official DWS Floating Rate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-09-25
- Prospectus (485BPOS) — filed 2024-09-24
- Prospectus (485BPOS) — filed 2023-09-26
- Portfolio holdings (N-PORT) — filed 2026-04-27
- Portfolio holdings (N-PORT) — filed 2026-01-21
- Portfolio holdings (N-PORT) — filed 2025-10-27
- Annual census (N-CEN) — filed 2025-08-07
- Annual census (N-CEN) — filed 2024-08-06
Related Funds
Other Alternative 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.