DWS Short Duration Fund

C000177604 Fund Overview

DWS Short Duration Fund is a US mutual fund managed by Deutsche Dws Income Trust, categorised as Intermediate Total / Aggregate 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: Intermediate Total / Aggregate Bond
• Assets under management: $1.18B
• 1-year return: -6.3%
• SEC CIK: 0000747677
• SEC series ID: S000031152
• Share class ID: C000177604

C000177604 Investment Objective and Strategy

DWS Short Duration 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's investment objective is to provide high income while also seeking to maintain a high degree of stability of shareholders' capital.

Principal investment strategy

"Main investments. Under normal market conditions, the fund invests at least 65% of its total assets in fixed income securities rated, at the time of purchase, within the top four long-term credit rating categories by a nationally recognized statistical rating organization (a ""NRSRO"") (or, if unrated, determined by the fund's investment advisor to be of similar quality). The fund may invest in securities of varying maturities. The fund normally seeks to maintain an average portfolio duration (a measure of sensitivity to interest rate movements) of no longer than three years by investing in fixed income securities with short-to intermediate-term maturities. The fund may also invest up to 10% of its assets in domestic and foreign below investment-grade fixed income securities (""junk bonds"") rated in the fifth and sixth long-term credit rating categories by the three major NRSROs (Moody's Investor Services, Inc., Fitch Investors Services, Inc., and Standard and Poor's Ratings Group) or, if unrated, determined by the fund's investment advisor to be of similar quality, including those whose issuers are located in countries with new or emerging securities markets.

Fixed income securities in which the fund may invest include US government securities or obligations that are issued or guaranteed by the US Treasury or by agencies or instrumentalities of the US government; obligations backed by such US government securities; US dollar-denominated fixed income securities of domestic or foreign corporations, including adjustable rate loans that have a senior right to payment (""senior loans"") and other floating rate debt instruments; US dollar-denominated fixed income securities of foreign governments or supranational entities; US dollar-denominated asset-backed securities issued by domestic or foreign entities; non-US dollar-denominated fixed income securities of foreign corporations, foreign governments or supranational entities; mortgage pass-through securities issued by governmental and non-governmental issuers; collateralized mortgage obligations, real estate mortgage investment conduits and commercial mortgage-backed securities; short-term investments, including money market mutual funds.

Portfolio management seeks diversified exposure to higher yielding mortgage, corporate and asset-backed sectors of the investment-grade fixed income markets. The fund invests in short-term investments to meet shareholder withdrawals and other liquidity needs. Short-term investments will be rated at the time of purchase within one of the top two short-term rating categories by a NRSRO or, if unrated, determined by the fund's investment advisor to be of similar quality. If a fixed income security is rated differently among the three major NRSROs (Moody's Investor Services, Inc., Fitch Investors Services, Inc., and Standard and Poor's Ratings Group), portfolio management would rely on the highest credit rating for purposes of the fund's investment policies. The fund may also invest in Rule 144A securities, securities or instruments on a when-issued, delayed delivery or forward commitment basis (e.g.

TBA securities), repurchase agreements, reverse repurchase agreements and dollar rolls. Management process. Portfolio management uses a top-down and bottom-up approach, first focusing on sector allocations, then using relative value analysis to select the best securities within each sector. When selecting securities, portfolio management analyzes such factors as credit quality, interest rate sensitivity and spread relationships between individual bonds. 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). In addition, portfolio management generally may use forward currency contracts to hedge the fund's exposure to changes in foreign currency exchange rates on its foreign currency denominated portfolio holdings or to facilitate transactions in foreign currency denominated securities.

Portfolio management generally may also use (i) credit default swaps to seek to increase the fund's income, to gain exposure to a bond issuer's credit quality characteristics without directly investing in the bond, or to hedge the risk of default on bonds 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."

C000177604 Holdings

Top 10 holdings of DWS Short Duration Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000177604 holdings

C000177604 Portfolio Allocation

Asset-class allocation of DWS Short Duration Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000177604 Performance

Total returns for C000177604 (as of 2026-10-01), from SEC filings.

C000177604 Risk Information

Risk metrics for C000177604, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 2.4%

C000177604 Costs and Fees

C000177604 costs about $75 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.75%
• Gross expense ratio: 0.89%
• Portfolio turnover: 133%
• Brokerage commissions: 0.19 bps of average net assets (SEC N-CEN)

C000177604 Cashflows

Over the 12 months to 2026-06, DWS Short Duration Fund had net inflows of $68.37M, from monthly SEC N-PORT filings.

C000177604 Debt Constituents

Largest debt holdings of DWS Short Duration Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000177604 Prospectus and SEC Filings

Official DWS Short Duration Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-01-27
• Prospectus (485BPOS) — filed 2025-01-28
• Prospectus supplement (497) — filed 2026-04-21
• 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 Intermediate Total / Aggregate Bond funds tracked on ABC INVEST:

• Vanguard Total Bond Market Index Fund (VBMFX)
• Vanguard Total Bond Market II Index Fund (VTBIX)
• Vanguard Total International Bond II Index Fund (VTIIX)
• iShares Core U.S. Aggregate Bond ETF (AGG)
• Vanguard Total International Bond Index Fund (VTIBX)

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.