DWS Short Duration High Income Fund

C000196314 Fund Overview

DWS Short Duration High Income Fund is a US mutual fund managed by Deutsche Dws Income Trust, categorised as Money Market. 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: Money Market
• Assets under management: $17.07M
• SEC CIK: 0000747677
• SEC series ID: S000059987
• Share class ID: C000196314

C000196314 Investment Objective and Strategy

DWS Short Duration 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 to provide a high level of 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 invests in securities of varying maturities and intends to maintain an average portfolio duration that will not exceed three years. Subject to its portfolio duration policy, the fund may purchase individual securities with any stated maturity. The fund may invest in securities of any credit quality, which may include debt securities not paying interest currently and securities in default. The fund may invest in adjustable rate loans that have a senior right to payment (""senior loans"") and other floating rate debt securities.

The fund may also 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. 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 which it uses to consider macro trends in the economy. To select securities or investments, portfolio management: analyzes economic conditions for improving or undervalued sectors and industries; uses independent credit research to evaluate individual issuers' debt service, growth rate, and both downgrade and upgrade potential; assesses new offerings versus secondary market opportunities; and seeks issuers within attractive industry sectors and with strong long-term fundamentals and improving credit.

Portfolio management also uses independent credit research, management visits and conference calls as part of its analysis process. Positions are sized based upon downside risk to mitigate potential volatility due to riskier holdings. 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. 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.

In addition, portfolio management generally may use interest rate futures contracts for duration management (i.e., reducing or increasing the sensitivity of the fund's portfolio to interest rate changes). 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."

C000196314 Costs and Fees

C000196314 costs about $60 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.60%
• Gross expense ratio: 1.49%
• Portfolio turnover: 38%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000196314 Cashflows

Over the 12 months to 2019-12, DWS Short Duration High Income Fund had net inflows of $753.61K, from monthly SEC N-PORT filings.

C000196314 Debt Constituents

No individual debt constituents are reported in DWS Short Duration High Income Fund's latest SEC N-PORT filing.

C000196314 Prospectus and SEC Filings

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

• Prospectus (485BPOS) — filed 2019-02-19
• Prospectus (485BPOS) — filed 2018-01-08
• Portfolio holdings (N-PORT) — filed 2020-02-27
• Portfolio holdings (N-PORT) — filed 2019-11-26
• Annual census (N-CEN) — filed 2019-12-10
• Annual census (N-CEN) — filed 2018-12-13

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

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.