DWS Global High Income Fund
Data updated: 2026-09-25
C000177609 — DWS Global High Income Fund. Intermediate Corporate Bond · $235.52M AUM · 0.85% expense ratio. Holdings, fees, performance and SEC filings.
C000177609 Fund Overview
DWS Global High Income Fund is a US mutual fund managed by Deutsche Dws Income Trust, categorised as Intermediate Corporate 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 Corporate Bond
- Assets under management: $235.52M
- 1-year return: -8.2%
- SEC CIK: 0000747677
- SEC series ID: S000031157
- Share class ID: C000177609
C000177609 Investment Objective and Strategy
DWS Global High Income 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 high current income
Principal investment strategy
Main investments. Under normal conditions, the fund invests at least 65% of total assets in domestic and foreign below investment grade debt securities (rated below the fourth highest credit rating category, junk bonds), including those whose issuers are located in countries with new or emerging securities markets. The fund will generally invest in at least three different countries and will normally invest at least 40% of net assets in securities of foreign issuers. The fund invests in securities of varying maturities and intends to maintain a dollar-weighted effective average portfolio maturity (the weighted average of the maturity dates of bonds held by the fund) that will not exceed ten years. Subject to its portfolio maturity policy, the fund may purchase individual securities with any stated maturity.
The fund may invest in securities of any credit quality, and may include debt securities not paying interest currently and securities in default. The fund may invest up to 15% of total assets in credit default swaps to buy or sell protection on credit exposure, and up to 20% of net assets in common stocks, preferred shares and other equity securities. The fund may invest up to 35% of total assets in cash or money market instruments to maintain liquidity or in the event portfolio management determines that securities meeting the fund's investment objectives are not readily available for purchase. The fund may also purchase convertible securities, securities on a when-issued basis and engage in short sales. Management process. Portfolio management uses primarily a bottom-up approach by using relative value and fundamental analysis to select securities within each industry, and a top-down approach to assess the overall risk and return in the market and which it uses to consider macro trends in the economy.
Portfolio management also uses independent credit research, management visits and conference calls as part of its analysis process. Derivatives. Portfolio management generally may use credit default swaps, which are a type of derivative (a contract whose value is based on, for example, indices, currencies or securities) 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. In addition, portfolio management generally may use forward currency contracts to hedge exposure to changes in foreign currency exchange rates on foreign currency denominated portfolio holdings or to facilitate transactions in foreign currency denominated securities.
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.
C000177609 Holdings
Top 10 holdings of DWS Global High Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dws | 3.21% |
| Vodafone Group PLC | 1.50% |
| State Street SPDR Portfolio High Yield Bond ETF | 1.42% |
| Carnival Corp. Ltd. | 1.41% |
| 1011778 Bc / New Red Fin | 1.17% |
| Carnival Corp. Ltd. | 1.16% |
| Alpha Generation LLC | 0.99% |
| Fibercop Spa | 0.98% |
| Iliad Holding Sas | 0.96% |
| Rakuten Group, Inc. | 0.93% |
C000177609 Portfolio Allocation
Asset-class allocation of DWS Global High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 93.9% |
| Cash & Equivalents | 4.1% |
| Loans | 2.4% |
| Equity | 2.1% |
C000177609 Performance
Total returns for C000177609 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -8.2% |
| 3 years (annualised) | 1.0% |
C000177609 Risk Information
Risk metrics for C000177609, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.7%
C000177609 Costs and Fees
C000177609 costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 0.93%
- Portfolio turnover: 148%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000177609 Cashflows
Over the 12 months to 2026-04, DWS Global High Income Fund had net outflows of $25.79M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$619.04K |
| 2026-03 | −$5.70M |
| 2026-02 | −$1.22M |
| 2026-01 | $2.43M |
| 2025-12 | −$3.27M |
| 2025-11 | −$369.38K |
C000177609 Debt Constituents
Largest debt holdings of DWS Global High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Vodafone Group PLC | 1.50% |
| Carnival Corp. Ltd. | 1.41% |
| 1011778 Bc / New Red Fin | 1.17% |
| Carnival Corp. Ltd. | 1.16% |
| Alpha Generation LLC | 0.99% |
| Fibercop Spa | 0.98% |
| Iliad Holding Sas | 0.96% |
| Rakuten Group, Inc. | 0.93% |
| Ascent Resources/aru Fin | 0.93% |
| Telenet Finance Lux Note | 0.92% |
C000177609 Prospectus and SEC Filings
Official DWS Global High Income 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 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-23
- Annual census (N-CEN) — filed 2026-01-06
- Annual census (N-CEN) — filed 2025-01-10
Related Funds
Other Intermediate Corporate 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.